Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Parent Company Only Condensed Financial Information [Abstract]

Condensed Balance Sheets

	2017		2016
Assets
Cash and cash equivalents	$	523	$	2,197
Investment in banking subsidiary		43,633		41,448
Investment in and advances to other subsidiary		228		225
Other assets		1,232		901
Total assets	$	45,616	$	44,771
Liabilities and Equity
Subordinated debentures	$	5,155	$	5,155
Accrued expenses and other liabilities		200		324
Stockholders' equity		40,261		39,292
Total liabilities and stockholders' equity	$	45,616	$	44,771

Condensed Statements of Operations

	2017		2016
Interest income	$	4	$	2
Other income		48		131
Interest expense		212		185
Other expense		815		646
Loss before income tax and undistributed subsidiary income		(975)		(698)
Tax effect		330		236
Gain (loss) after income tax and undistributed subsidiary income		(645)		(462)
Equity in undistributed subsidiary income		1,991		2,089
Net income	$	1,346	$	1,627
Comprehensive income	$	1,297	$	1,638

Condensed Statements of Cash Flows

	2017		2016
Cash flows from operating activities
Net Income	$	1,346	$	1,627
Adjustments:
Effect of subsidiaries' operations		(1,991)		(2,089)
Change in other assets and other liabilities		(268)		766
Net cash from (used by) operating activities		(913)		304
Cash flows from financing activities
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes		(49)		-
Purchase of treasury shares		-		(30)
Exercise of warrants to common stock		38		-
Dividends paid on Series B preferred stock		(750)		(750)
Net cash from (used by) financing activities		(761)		(780)
Net change in cash and cash equivalents		(1,674)		(476)
Beginning cash and cash equivalents		2,197		2,673
Ending cash and cash equivalents	$	523	$	2,197