INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

INCOME TAXES

Components of the Bank's Net Deferred Tax Assets

	December 31,
(in 000’s)	2018			2017
Deferred tax assets (liabilities):
Provision for loan losses	$	29		$	7
Unrealized (loss) gain on investment securities		(25	)		(15	)
Depreciation		37			(22	)
Net operating carryforwards		2,459			2,243
Other, net		230			278
Valuation allowance for deferred tax assets		(2,755	)		(2,506	)
Net deferred tax assets	$	(25	)	$	(15	)

Schedule of Effective Income Tax Rate Reconciliation

	2018			2017
Effective rate reconciliation:
Tax at statutory rate (21% in 2018, 34% in 2017)	$	(312	)	$	(109	)
Change in tax rate		-			1,551
Nondeductible expenses		6			8
Increase in valuation allowance		290			(1,371	)
True-up of NOL		6			(74	)
Other		10			(5	)
Total tax expense	$	-		$	-