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Condensed Parent Information (Tables)
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheet [Table Text Block]
CONDENSED BALANCE SHEETS
 
 
 
 
 
 
 
 
 
December 31,
 
December 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
Cash
 
$
503
 
$
476
 
Investment in subsidiaries
 
 
97,020
 
 
55,412
 
Other assets
 
 
4,817
 
 
-
 
 
 
 
 
 
 
 
 
Total assets
 
$
102,340
 
$
55,888
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
Other liabilities
 
$
163
 
$
-
 
Other borrowings
 
 
2,000
 
 
-
 
 
 
 
 
 
 
 
 
Total liabilities
 
 
2,163
 
 
-
 
 
 
 
 
 
 
 
 
Stockholders’ equity
 
 
100,177
 
 
55,888
 
 
 
 
 
 
 
 
 
Total liabilities and stockholders’ equity
 
$
102,340
 
$
55,888
 
Condensed Income Statement [Table Text Block]
 
CONDENSED STATEMENTS OF INCOME
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
INCOME
 
 
 
 
 
 
 
Dividends
 
$
-
 
$
-
 
Interest income
 
 
-
 
 
-
 
 
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
EXPENSES
 
 
 
 
 
 
 
Interest expense
 
 
40
 
 
-
 
Other operating expenses
 
 
1,817
 
 
350
 
 
 
 
 
 
 
 
 
Loss before equity in undistributed earnings of subsidiaries and income tax benefit
 
 
(1,857)
 
 
(350)
 
 
 
 
 
 
 
 
 
Equity in undistributed earnings of subsidiaries
 
 
2,993
 
 
2,178
 
 
 
 
 
 
 
 
 
Income tax benefit
 
 
374
 
 
5
 
 
 
 
 
 
 
 
 
Net income
 
 
1,510
 
 
1,833
 
 
 
 
 
 
 
 
 
Preferred stock dividend requirements
 
 
120
 
 
120
 
 
 
 
 
 
 
 
 
Net income available to common shareholders
 
$
1,390
 
$
1,713
 
Condensed Cash Flow Statement [Table Text Block]
STATEMENTS OF CASH FLOWS
 
 
 
 
 
 
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM OPERATING ACTIVITIES
 
 
 
 
 
 
 
Net income
 
$
1,510
 
$
1,833
 
Adjustments to reconcile net income to net cash used in operating activities:
 
 
 
 
 
 
 
Equity in undistributed income of subsidiary
 
 
(2,993)
 
 
(2,178)
 
Other
 
 
(247)
 
 
5
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
 
 
(1,730)
 
 
(340)
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
Proceeds from issuance of note payable
 
 
6,000
 
 
-
 
Repayment of note payable
 
 
(4,000)
 
 
-
 
Proceeds from issuance of common stock
 
 
4,043
 
 
34
 
Payment of dividends on preferred stock
 
 
(120)
 
 
(120)
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) financing activities
 
 
5,923
 
 
(86)
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
Acquisition of Cornerstone Bancshares, Inc.
 
 
(4,166)
 
 
-
 
 
 
 
 
 
 
 
 
Net cash used in investing activities
 
 
(4,166)
 
 
-
 
 
 
 
 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
 
27
 
 
(426)
 
 
 
 
 
 
 
 
 
CASH AND CASH EQUIVALENTS, beginning of year
 
 
476
 
 
902
 
 
 
 
 
 
 
 
 
CASH AND CASH EQUIVALENTS, end of year
 
$
503
 
$
476