Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

Parent Company Financial Statements [Abstract]

Condensed Statements of Financial Condition

	December 31,
	2012		2011
	(Dollars in thousands)
Assets
Cash and deposits with banks	$	1,246	$	3,575
Federal funds sold and other		12		4
Total cash and cash equivalents		1,258		3,579
Securities:
Available for sale		313		263
Investment in subsidiary-Home Savings		167,424		184,833
Other assets		2,104		473
Total assets	$	171,099	$	189,148
Liabilities and Shareholders’ Equity
Accrued expenses and other liabilities	$	339	$	403
Total liabilities		339		403
Total shareholders’ equity		170,760		188,745
Total liabilities and shareholders’ equity	$	171,099	$	189,148

Condensed Statements of Income

	Year ended December 31,
	2012			2011			2010
	(Dollars in thousands)
Income
Interest income	$	7		$	5		$	349
Non-interest income (loss)		(13	)		(65	)		228
Total income (loss)		(6	)		(60	)		577
Expenses
Non-interest expenses		693			775			1,957
Total expenses		693			775			1,957
Loss before income taxes		(699	)		(835	)		(1,380	)
Income tax benefit		(22	)		—			—
Loss before equity in undistributed net earnings of subsidiaries		(677	)		(835	)		(1,380	)
Increase (decrease) in undistributed earnings of subsidiaries		(19,760	)		1,065			(35,893	)
Net income (loss)	$	(20,437	)	$	230		$	(37,273	)

Condensed Statements of Cash Flows

	Year ended December 31,
	2012			2011			2010
	(Dollars in thousands)
Cash Flows from Operating Activities
Net income (loss)	$	(20,437	)	$	230		$	(37,273	)
Adjustments to reconcile net income to net cash provided by operating activities:
Decrease (increase) in undistributed earnings of the subsidiaries		19,760			(1,065	)		35,893
Gains on available for sale securities sold		—			—			(255	)
Security impairment charges on equity investments		13			89			58
(Increase) decrease in other assets		(1,556	)		(467	)		266
Stock based compensation		—			49			52
(Decrease) increase in other liabilities		(103	)		30			(662	)
Net cash from operating activities		(2,323	)		(1,134	)		(1,921	)
Cash Flows from Investing Activities
Sales of:
Securities available for sale		—			33			359
Equity investment in Home Savings		—			—			(12,498	)
ESOP loan repayment		—			—			8,657
Net cash from investing activities		—			33			(3,482	)
Cash Flows from Financing Activities
Issuance of common stock, net		—			2,059			—
Exercise of stock options		2			—			—
Net cash from financing activities		2			2,059			—
Change in cash and cash equivalents		(2,321	)		958			(5,403	)
Cash and cash equivalents, beginning of year		3,579			2,621			8,024
Cash and cash equivalents, end of year	$	1,258		$	3,579		$	2,621