INVESTMENT IN UNCONSOLIDATED SUBSIDIARY

12 Months Ended

Dec. 31, 2012

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investments in and Advances to Affiliates, Schedule of Investments [Text Block]

NOTE 5. INVESTMENT IN UNCONSOLIDATED SUBSIDIARY

During 2012, the Company terminated its mortgage brokerage activities which were conducted through a minority series investment in an unrelated Delaware limited liability company under the name “Wye Mortgage Group”. This investment was 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 the Company’s investment in Wye Mortgage Group for 2012 and 2011.

(Dollars in thousands)	2012			2011
Beginning balance	$	89		$	19
Investment in unconsolidated subsidiary		-			25
Equity in undistributed income		(4	)		45
Ending balance	$	85		$	89
Income	$	138		$	169

At December 31, 2012, the remaining balance included the Company’s investments in and undistributed income from Wye Mortgage Group. The Company expects that these amounts will be returned/distributed to the Company during the first quarter of 2013.