Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2014



	2014		2013
Assets
Cash and cash equivalents	$	3,025	$	3,263
Investment in banking subsidiary		34,572		23,592
Investment in and advances to other subsidiaries		220		273
Other assets		2,202		1,155
Total assets	$	40,019	$	28,283

Liabilities and Equity
Subordinated debentures	$	5,155	$	5,155
Accrued expenses and other liabilities		355		264
Stockholders' equity		34,509		22,864
Total liabilities and stockholders' equity	$	40,019	$	28,283



	2014		2013		2012

Interest income	$	5	$	17	$	3
Other income		260		103		-
Interest expense		164		167		180
Other expense		687		666		400
Loss before income tax and undistributed subsidiaries' operations		(586)		(713)		(577)
Effect of subsidiaries' operations		1,065		(205)		(3,189)
Net income (loss)	$	479	$	(918)	$	(3,766)
Comprehensive income (loss)	$	432	$	(927)	$	(4,045)


	2014		2013		2012
Cash flows from operating activities
Net Income (loss)	$	479	$	(918)	$	(3,766)
Adjustments:
Effect of subsidiaries' operations		(1,065)		205		3,189
Change in other assets and other liabilities		(1,142)		(1,052)		173
Net cash from operating activities		(1,728)		(1,765)		(404)

Cash flows from investing activities
Investment in bank subsidiary		(9,700)		(1,500)		(13,500)
Investments in other subsidiaries		54		1,866		(3)
Net cash from investing activities		(9,646)		366		(13,503)

Cash flows from financing activities
Stock issuance costs		-		(11)		-
Redemption of TARP obligation		-		-		(3,000)
Net proceeds from issuance of common stock		-		-		21,020
Dividends paid on Series B preferred stock		(233)		-		-
Net proceeds from issuance of Series B preferred stock		11,369		-		-
Net cash from financing activities		11,136		(11)		18,020

Net change in cash and cash equivalents		(238)		(1,410)		4,113

Beginning cash and cash equivalents		3,263		4,673		560

Ending cash and cash equivalents	$	3,025	$	3,263	$	4,673