Parent Company Only Financial (Tables)

12 Months Ended

Dec. 31, 2014

Parent Company Only Financial [Abstract]

Balance Sheets

BALANCE SHEETS
	December 31,
(Dollars in thousands)	2014		2013
Assets
Cash	$	1	$	1,131
Investment in subsidiary		62,016		56,772
Securities available for sale		-		321
Accrued interest and other assets		2,635		1,437
Total Assets	$	64,652	$	59,661
Liabilities and Stockholders' Equity
Other liabilities	$	536	$	349
Junior subordinated debentures		12,887		12,887
Stockholders' equity		51,229		46,425
Total Liabilities and Stockholders' Equity	$	64,652	$	59,661

Statements Of Income And Comprehensive Income

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
	Year Ended December 31,
(Dollars in thousands)	2014		2013
Interest on investments	$	8	$	11
Net realized gain loss on sale of securities		(1)		-
Interest expense on debentures		(212)		(217)
Other expenses		(266)		(269)
Loss before income tax benefit and equity in
undistributed net income of subsidiaries		(471)		(475)
Income tax benefit		159		161
Loss before equity in undistributed net
income of subsidiaries		(312)		(314)
Equity in undistributed net income of subsidiaries		2,912		1,742
Net Income		2,600		1,428
Other comprehensive loss:
Unrealized losses on available for sale securities arising during the period		(21)		(2)
Reclassification adjustment for net gain on securities transactions included in net income		-		(2)
Income tax expense related to other comprehensive loss		(8)		(1)
Other comprehensive loss, net of income taxes		(29)		(5)
Comprehensive income	$	2,571	$	1,423

Statements Of Cash Flows

STATEMENTS OF CASH FLOWS
	Year Ended December 31,
(Dollars in thousands)	2014		2013
Cash Flows from Operating Activities:
Net Income	$	2,600	$	1,428
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net change in other assets and liabilities		(718)		402
Equity in undistributed net income of subsidiaries		(2,912)		(1,742)
Net Cash (Used in) Provided by Operating Activities		(1,030)		88
Cash Flows from Investing Activities:
Securities available for sale:
Sales		320		58
Capital contribution to subsidiaries		-		(6,890)
Net Cash Provided by (Used in) Investing Activities		320		(6,832)
Cash Flows from Financing Activities:
Cash dividends paid		(420)		-
Net proceeds from issuance of common stock		-		6,896
Net Cash (Used in) Provided by Financing Activities		(420)		6,896
Net (Decrease) Increase in Cash and Cash Equivalents		(1,130)		152
Cash and Cash Equivalents - Beginning of Year		1,131		979
Cash and Cash Equivalents - End of Year	$	1	$	1,131