Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Income Tax Expense

		2013		2012		2011
Current Federal	$	-	$	-	$	-
Deferred Federal		-		-		-
Total	$	-	$	-	$	-

Effective Tax Rates Differ from Federal Statutory Rate

		2013		2012		2011
Federal Statutory rate times financial statement income (loss)	$	(312)	$	(1,280)	$	(1,845)
Effect of:
Incentive Stock Options		47		3		6
Bank owned life insurance income		(44)		(45)		(44)
Increase in deferred tax valuation allowance		303		1,314		1,876
Other		6		8		7
	$	-	$	-	$	-
Effective tax rate		0%		0%		0%

Deferred Tax Assets and Liabilities

		2013		2012
Deferred tax assets:
Allowance for loan losses	$	1,002	$	1,298
Post-retirement death benefits		69		70
Deferred compensation		88		93
Deferred loan fees		44		-
AMT Credit		60		60
Nonaccrual interest		80		83
Depreciation		-		71
Tax mark-to-market adjustment		-		36
Net operating loss carry forward		2,487		1,904
Other		38		12
		3,868		3,627
Deferred tax liability:
FHLB stock dividend		366		366
Mortgage servicing rights		7		9
Depreciation		31		-
Prepaid expenses		63		94
Unrealized gain on securities available for sale		33		36
		500		505
Net deferred tax asset before valuation allowance		3,368		3,122
Deferred tax valuation allowance		(3,368)		(3,122)
Net deferred tax asset	$	-	$	-