HOLDING COMPANY CONDENSED FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2015

HOLDING COMPANY CONDENSED FINANCIAL INFORMATION [Abstract]

HOLDING COMPANY CONDENSED FINANCIAL INFORMATION

15. HOLDING COMPANY CONDENSED FINANCIAL INFORMATION

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

Condensed Balance Sheets:	December 31,
(Dollars in thousands)	2015		2014
Assets:
Cash and cash equivelents	$	224	$	605
Investment in subsidiary Bank		35,603		35,528
Other assets		435		486
Total Assets	$	36,262	$	36,619
Liabilities and Stockholders' Equity:
Total liabilities	$	38	$	41
Stockholders' equity		36,224		36,578
Total Liabilities and Stockholders' Equity	$	36,262	$	36,619

	For the Years Ended December 31,
Condensed Statements of Operations:	2015			2014
(Dollars in thousands)
Undistributed net earnings of subsidiary bank	$	541		$	1,290
Expenses, net		(194	)		(243	)
Net Income	$	347		$	1,047

Condensed Cash Flows:
(Dollars in thousands)	For the Years Ended December 31,
	2015			2014
Cash Flows from operating activities:
Net income	$	347		$	1,047
Adjustments to reconcile net income to net cash used in operating activities:
Undistributed net earnings of subsidiary		(541	)		(1,290	)
(Increase) decrease in other assets		51			(43	)
Decrease in other liabilities		(3	)		(1	)
Net cash used in operating activities		(146	)		(287	)
Investing Activities:
Dividends from subsidiary		—			325
Net cash provided by investing activities		—			325
Financing activities:
Dividends paid		(235	)		(363	)
Net cash used in financing activities		(235	)		(363	)
Net decrease in cash and cash equivalents		(381	)		(325	)
Cash and cash equivalents at beginning of year		605			930
Cash and cash equivalents at end of year	$	224		$	605