9. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Bank’s net deferred tax assets are as follows:

	December 31,
(in 000’s)	2015	2014
Deferred tax assets(liabilities):
Provision for loan losses	$     46	$ 161
Unrealized gain on investment securities	10	7
Depreciation	(36)	7
Net operating carryforwards	3,538	3,233
Other, net	386	373
Valuation allowance for deferred tax assets	(3,934)	(3,774)
Net deferred tax assets	$     10	$      7

Schedule of Effective Income Tax Rate Reconciliation

	2015	2014
Effective rate reconciliation:
Tax at statutory rate (34%)	$  (168)	$ (117)
Nondeductible expenses	8	9
Increase in valuation allowance	160	95
Other	-	13
Total tax expense	$        -	$           -