12. Consolidated Financial Information-parent Company Only (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of Condensed Balance Sheet

Condensed Balance Sheets

(Dollars in thousands)	2015	2014
Assets:
Cash and cash equivalents	$       -	$       -
Investment in United Bank of Philadelphia	2,680	3,181
Total assets	$2,680	$3,181
Shareholders’ equity:
Series A preferred stock	1	1
Common stock	8	11
Additional paid-in capital	14,753	14,750
Accumulated deficit	(12,063)	(11,568)
Net unrealized holding losses on securities available-for-sale	(19)	(13)
Total shareholders’ equity	$2,680	$3,181

Schedule of Condensed Income Statement

Condensed Statements of Operations

Years ended December 31,
(Dollars in thousands)	2015	2014
Other Expenses	$        -	$           -
Equity in net loss of subsidiary	(495)	(343)
Net loss	$ (495)	$    (343)

Schedule of Condensed Cash Flow Statement

Condensed Statements of Cash Flows

Years ended December 31,
(Dollars in thousands)	2015	2014
Cash flows from operating activities:
Net loss	$ (495)	$ (343)
Adjustments:
Equity in net loss of subsidiary	495	343
Net cash used in operating activities	-	-
Cash and cash equivalents at beginning of year	-	-
Cash and cash equivalents at end of year	$       -	$       -