HOLDING COMPANY FINANCIALS

12 Months Ended

Dec. 31, 2011

HOLDING COMPANY CONDENSED FINANCIAL INFORMATION [Abstract]

Condensed Financial Information of Parent Company Only Disclosure

HOLDING COMPANY CONDENSED FINANCIAL INFORMATION

The condensed financial data for the Company (holding company only) was:

Condensed Balance Sheets:	As of December 31,
(Dollars in thousands)	2011			2010
Assets:
Cash and cash equivalents	$	1,703		$	2,586
Investment in subsidiary Bank	33,993			33,381
Other assets	730			514
Total Assets	$	36,426		$	36,481
Liabilities and Stockholders' Equity:
Total liabilities	$	29		$	71
Stockholders' equity	36,397			36,410
Total Liabilities and Stockholders' Equity	$	36,426		$	36,481
Condensed Statements of Operations:	For the Years Ended December 31,
(Dollars in thousands)	2011			2010
Undistributed net earnings of subsidiary bank	$	742		$	1,017
Expenses, net	(136		)	(203		)
Net income	$	606		$	814

Condensed Cash Flows:	For the Years Ended December 31,
(Dollars in thousands)	2011			2010
Cash Flows from operating activities:
Net income	$	606		$	814
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Undistributed net earnings of subsidiary	(742		)	(1,017		)
(Increase) decrease in other assets	(216		)	512
Decrease in other liabilities	(42		)	(73		)
Net cash (used in) provided by operating activities	(394		)	236
Investing Activities:
Additional investments in subsidiary	—			—
Net cash used in investing activities	—			—
Financing activities:
Dividends paid	(489		)	(661		)
Net cash used in financing activities	(489		)	(661		)
Net (decrease) increase in cash and cash equivalents	(883		)	(425		)
Cash and cash equivalents at beginning of year	2,586			3,011
Cash and cash equivalents at end of year	$	1,703		$	2,586