Parent Company Only Condensed Financial Information (Tables)

6 Months Ended

Jun. 30, 2012

Parent Company Only Condensed Financial Information [Abstract]

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS

	June 30, 2012		December 31, 2011
	(unaudited)
Assets
Cash and cash equivalents	$	247	$	560
Investment in banking subsidiary		12,572		13,827
Investment in and advances to other subsidiaries		1,214		1,212
Other assets		469		264
Total assets	$	14,502	$	15,863
Liabilities and Equity
Subordinated debentures	$	5,155	$	5,155
Accrued expenses and other liabilities		1,065		764
Stockholders’ equity		8,282		9,944
Total liabilities and stockholders’ equity	$	14,502	$	15,863

CONDENSED STATEMENTS OF OPERATIONS (unaudited)

CONDENSED STATEMENTS OF OPERATIONS

(unaudited)

	Three months ended June 30,						Six months ended June 30,
	2012			2011			2012			2011
Interest expense	$	45		$	42		$	92		$	83
Other expense		(16	)		187			135			402
Loss before undistributed subsidiaries’ operations		(29	)		(229	)		(227	)		(485	)
Effect of subsidiaries’ operations		(655	)		(1,688	)		(1,196	)		(3,146	)
Net loss	$	(684	)	$	(1,917	)	$	(1,423	)	$	(3,631	)

CONDENSED STATEMENTS OF CASH FLOWS (unaudited)

CONDENSED STATEMENTS OF CASH FLOWS

(unaudited)

	Six months ended June 30,
	2012			2011
Cash flows from operating activities
Net loss	$	(1,423	)	$	(3,631	)
Adjustments:
Effect of subsidiaries’ operations		1,196			3,146
Change in other assets and other liabilities		(85	)		(45	)
Net cash used by operating activities		(312	)		(530	)
Cash flows from investing activities
Investments in other subsidiaries		(1	)		525
Net cash from (used by) investing activities		(1	)		525
Net change in cash and cash equivalents		(313	)		(5	)
Beginning cash and cash equivalents		560			745
Ending cash and cash equivalents	$	247		$	740