Parent Company Only Financial (Tables)

12 Months Ended

Dec. 31, 2013

Parent Company Only Financial [Abstract]

Balance Sheets

BALANCE SHEETS
	December 31,
(Dollars in thousands)	2013		2012
Assets
Cash	$	1,131	$	979
Investment in subsidiary		56,772		50,680
Securities available for sale		321		324
Accrued interest and other assets		1,437		1,480
Total Assets	$	59,661	$	53,463
Liabilities and Stockholders' Equity
Other liabilities	$	349	$	204
Junior subordinated debentures		12,887		12,887
Stockholders' equity		46,425		40,372
Total Liabilities and Stockholders' Equity	$	59,661	$	53,463

Statements Of Income And Comprehensive Income

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
	Year Ended December 31,
(Dollars in thousands)	2013		2012
Interest and fees on loans	$	-	$	60
Interest on investments		11		11
Net realized gain loss on sale of securities		-		2
Net gain on sale of foreclosed real estate		-		3
Interest expense on debentures		(217)		(241)
Other expenses		(269)		(232)
Loss before income tax benefit and equity in
undistributed net income of subsidiaries		(475)		(397)
Income tax benefit		161		135
Loss before equity in undistributed net
income of subsidiaries		(314)		(262)
Equity in undistributed net income of subsidiaries		1,742		997
Net Income		1,428		735
Other comprehensive loss:
Unrealized losses on available for sale securities arising during the period		(2)		(2)
Reclassification adjustment for net gain on securities transactions included in net income		(2)		(2)
Income tax expense related to other comprehensive loss		(1)		(1)
Other comprehensive loss, net of income taxes		(5)		(5)
Comprehensive income	$	1,423	$	730

Statements Of Cash Flows

STATEMENTS OF CASH FLOWS
	Year Ended December 31,
(Dollars in thousands)	2013		2012
Cash Flows from Operating Activities:
Net Income	$	1,428	$	735
Adjustments to reconcile net income to net cash used in operating activities:
Net change in other assets and liabilities		402		(116)
Equity in undistributed net income of subsidiaries		(1,742)		(997)
Net Cash Used in Operating Activities		88		(378)
Cash Flows from Investing Activities:
Securities available for sale:
Sales		58		7
Maturities, calls and principal repayments		-		4
Capital contribution to subsidiaries		(6,890)		-
Net decrease in loans		-		697
Net Cash (Used in) Provided by Investing Activities		(6,832)		708
Cash Flows from Financing Activities:
Net proceeds from issuance of common stock		6,896		-
Purchase of treasury stock		-		(55)
Net Cash Provided by (Used in) Financing Activities		6,896		(55)
Net Increase in Cash and Cash Equivalents		152		275
Cash and Cash Equivalents - Beginning of Year		979		704
Cash and Cash Equivalents - End of Year	$	1,131	$	979