INVESTMENT IN UNCONSOLIDATED SUBSIDIARY

12 Months Ended

Dec. 31, 2011

Investment In Unconsolidated Subsidiary [Abstract]

Investment In Unconsolidated Subsidiary [Text Block]

NOTE 6. INVESTMENT IN UNCONSOLIDATED SUBSIDIARY

During 2010, the Company terminated the operations of its mortgage brokerage subsidiary and now conducts brokerage activities through a minority series investment in an unrelated Delaware limited liability company under the name “Wye Mortgage Group”. This investment is carried at cost, adjusted for the Company’s 49.0% equity ownership in Wye Mortgage Group’s undistributed income or loss. The following table provides a summary of the activity related to our investment in Wye Mortgage Group for 2011 and 2010.

(Dollars in thousands)	2011		2010
Beginning balance	$	19	$	-
Investment in unconsolidated subsidiary		25		25
Equity in undistributed income (loss)		45		(6	)
Ending balance	$	89	$	19
Income (loss)	$	169	$	(6	)