10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K/A

Amendment No. 1

(Mark One)

[X]	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
	SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2016

OR

[  ]	TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE
	SECURITIES EXCHANGE ACT OF 1934

For the transition period from:                    to

Commission file number: 0-25976

UNITED BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania	23-2802415
(State or other jurisdiction of	(IRS Employer
incorporation or organization)	Identification No.)

30 S. 15th Street
Philadelphia, PA	19102
(Address of principal	(Zip code)
executive offices)

Registrant's telephone number, including area code:  (215)351-4600

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X]   No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X]  No [ ]

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

(Check one):
Large accelerated filer [ ]	Accelerated filer [ ]
Non-accelerated filer [ ]	Smaller reporting company [ X]
(Do not check if a smaller
reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Yes [ ]  No [X]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

As of February 10, 2020, the aggregate number of the shares of the Registrant’s Common Stock issued was 826,921.  

The Series Preferred Stock consists of 500,000 authorized shares of stock of which 250,000 have been designated as Series A and 7,000 have been designated as Series B Preferred stock of which 99,342 and 1,350 shares, respectively, are issued as of February 10, 2020.   

EXPLANATORY NOTE

The sole purpose of this amendment to our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, originally filed with the Securities and Exchange Commission on December 23, 2019 is to furnish Exhibit 101 to the Form 10-K which contains the XBRL (eXtensible Business Reporting Language) Interactive Data File for the financial statements and notes included in Part 1, Item 1 of the Form 10-K. As permitted by Rule 405(a)(2)(ii) of Regulation S-T, Exhibit 101 was required to be furnished with the original filing.

No changes have been made to the Form 10-K other than the furnishing of Exhibit 101 described above. This amendment does not reflect subsequent events occurring after the original filing date of the Form 10-K or modify or update in any way disclosures made in the Form 10-K.

Pursuant to Rule 406T of Regulation S-T, the Interactive Data File on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Act of 1934, as amended, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	UNITED BANCSHARES, INC
	(Registrant)
February 10, 2020	/s/ Evelyn F. Smalls
Date	Evelyn F. Smalls
	President and Chief Executive Officer
February 10, 2020	/s/ Brenda Hudson-Nelson
Date	Executive Vice President,
	Chief Financial Officer

Exhibit No.	Description
3.1	Certificate of Incorporation (1)
3.2	Bylaws (1)
31.1	Rule 13a-14(a)/15d-14(a) Certifications (1)
31.2	Rule 13a-14(a)/15d-14(a) Certifications (1)
32.1	Section 1350 Certifications (1)
32.2 101.INS 101.SCH 101.CAL 101.DEF 101.LAB 101.PRE	Section 1350 Certifications (1) XBRL Instance Document (2) XBRL Taxonomy Extension Schema Document(2) XBRL Taxonomy Extension Calculation Linkbase Document(2) XBRL Taxonomy Extension Definition Linkbase Document(2) XBRL Taxonomy Extension Label Linkbase Document(2) XBRL Taxonomy Extension Presentation Linkbase Document(2)

(1)	Filed previously.
(2)	Furnished herewith.

XML

16. Earnings Per Share Computaion (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Net Loss per Common Share

Net income (loss) per common share is calculated as follows:

	Year ended December 31, 2016
	Loss	Shares	Per share
	(numerator)	(denominator)	amount
Net income	$ 24,537
Basic  EPS
Income attributable to common stockholders	$ 24,537	826,921	$  0.03
Diluted EPS
Income attributable to common stockholders	$ 24,537	826,921	$  0.03

	Year ended December 31, 2015
	Loss	Shares	Per share
	(numerator)	(denominator)	amount
Net loss	$ (494,775)
Basic  EPS
Loss attributable to common stockholders	$ (494,775)	863,999	$  (0.57)
Diluted EPS
Loss attributable to common stockholders	$ (494,775)	863,999	$  (0.57)

XML

10. Financial Instrument Commitments (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Financial Instruments Commitments

A summary of the Bank’s financial instrument commitments is as follows:

	2016	2015
Commitments to extend credit	$3,784,000	$5,903,000
Outstanding letters of credit	317,000	333,000

XML

5. Bank Premises and Equipment

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

5. Bank Premises and Equipment

5. BANK PREMISES AND EQUIPMENT

The major classes of bank premises and equipment and the total accumulated depreciation are as follows at December 31:

(In 000’s)	Estimated
	useful life	2016	2015
Leasehold improvements	10-15 years	$  832	$   788
Furniture and equipment	3- 7 years	1,332	1,297
		2,164	2,085
Less accumulated depreciation		(1,784)	(1,592)
		$   380	$   493

Depreciation expense on fixed assets totaled $190,334 and $177,987 for the years ended December 31, 2016 and 2015, respectively.

The Bank leases its facilities and certain equipment under non-cancelable operating lease agreements. The amount of expense for operating leases for the years ended December 31, 2016 and 2015 was $471,540 and $481,721, respectively. Future minimum lease payments under operating leases are as follows:

(In 000’s)

Year ending December 31,	Operating     leases
2017	$  481
2018	492
2019	488
2020	412
2021	420
Thereafter	549
Total minimum lease payments	$2,842

XML

9. Income Taxes

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

9. Income Taxes

9. INCOME TAXES

At December 31, 2016, the Bank has net operating loss carry forwards of approximately $10,523,000 for income tax purposes that expire in 2021 through 2035.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes. For financial reporting purposes, a valuation allowance of $3,914,233 and $3,934,024 as of December 31, 2016 and 2015, respectively, has been recognized to offset the net deferred tax assets related to the cumulative temporary differences and the tax loss carry forwards. Significant components of the Bank’s net deferred tax assets are as follows:

	December 31,
(in 000’s)	2016	2015
Deferred tax assets(liabilities):
Provision for loan losses	$     36	$     46
Unrealized (loss) gain on investment securities	(32)	10
Depreciation	(36)	(36)
Net operating carryforwards	3,578	3,538
Other, net	326	386
Valuation allowance for deferred tax assets	(3,904)	(3,934)
Net deferred tax assets	$     (32)	$     10

	2016	2015
Effective rate reconciliation:
Tax at statutory rate (34%)	$  8	$  (168)
Nondeductible expenses	9	8
Increase in valuation allowance	(31)	160
True-up of NOL	3	-
Other	11	-
Total tax expense	$        -	$        -

At December 31, 2016 and 2015, no valuation allowance was recorded for the deferred tax asset related to the unrealized holding losses on securities available-for-sale because the Company had the intent and the ability to hold these securities until recovery of the unrealized losses, which may be at maturity. The Company will continue to monitor its deferred tax position and may make changes to the valuation allowance recorded as circumstances change.

Management has evaluated the Bank’s tax positions and concluded that the Bank has taken no uncertain tax positions that require adjustment to the financial statements. With few exceptions, the Bank is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for the years before 2013.

XML

13. Regulatory Matters

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

13. Regulatory Matters

13. REGULATORY MATTERS

The Bank engages in the commercial banking business, with a particular focus on serving African Americans, Hispanics and women, and is subject to substantial competition from financial institutions in the Bank’s service area. As a bank holding company and a banking subsidiary, the Company and the Bank, respectively, are subject to regulation by the FDIC and the Pennsylvania Department of Banking (“PADOB”) and are required to maintain capital requirements established by those regulators. Effective January 1, 2010, the FDIC became the Bank’s primary regulator after it voluntarily surrendered its Federal Reserve Membership.

Prompt corrective actions may be taken by those regulators against banks that do not meet minimum capital requirements. Prompt corrective actions range from restriction or prohibition of certain activities to the appointment of a receiver or conservator of an institution’s net assets. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices, the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total Tier I capital (as defined in the regulations) for capital adequacy purposes to risk-weighted assets (as defined).

The most recent notification as of December 31, 2016, from the FDIC and PADOB categorized the Bank as “adequately capitalized” under the regulatory framework for prompt and corrective action due to the Consent Orders described below. The Bank’s growth and other operating factors such as the need for additional provisions to the allowance for loans losses may have an adverse effect on its capital ratios.

The Company and the Bank’s actual capital amounts and ratios are as follow as of December 31, 2016:

(In 000’s)	Actual		Minimum to be Well Capitalized		Minimum to be Adequately Capitalized
	Amount	Ratio	Amount	Ratio	Amount	Ratio
Total (Tier II) capital to risk weighted assets:
Company	$2,897	9.08%	N/A
Bank	2,897	9.08	3,190	10.00%	$2,552	8.00%
Tier I capital to risk weighted assets
Company	2,597	8.14	N/A
Bank	2,597	8.14	2,074	8.00%	$1,914	6.00%
Common equity Tier I capital to risk weighted assets
Company	2,597	8.14	N/A
Bank	2,597	8.14	2,074	6.50%	$1,436	4.50%
Tier I Leverage ratio (Tier I capital to total quarterly average assets)
Company	2,597	4.82	N/A
Bank	2,597	4.82	2,692	5.00%	$2,154	4.00%
Tangible common equity to tangible assets
Company	2,597	4.82	N/A	N/A	N/A	N/A
Bank	2,597	4.82	N/A	N/A	N/A	N/A

The Company and the Bank’s actual capital amounts and ratios are as follow as of December 31, 2015:

(In 000’s)	Actual		Minimum to be Well Capitalized		Minimum to be Adequately Capitalized
	Amount	Ratio	Amount	Ratio	Amount	Ratio
Total (Tier II) capital to risk weighted assets:
Company	$3,081	8.50%	N/A
Bank	3,081	8.50	$3,623	10.00%	$2,898	8.00%
Tier I capital to risk weighted assets
Company	2,663	7.35	N/A
Bank	2,663	7.35	$2,899	8.00%	$2,173	6.00%
Common equity Tier I capital to risk weighted assets
Company	2,663	7.35	N/A
Bank	2,663	7.35	$2,355	6.50%	$1,630	4.50%
Tier I Leverage ratio (Tier I capital to total quarterly average assets)
Company	2,663	4.57	N/A
Bank	2,663	4.57	$2,915	5.00%	$2,332	4.00%
Tangible common equity to tangible assets
Company	2,663	4.52	N/A	N/A	N/A	N/A
Bank	2,663	4.52	N/A	N/A	N/A	N/A

On April 25, 2018, the Bank entered into stipulations consenting to the issuance of amended and restated Consent Orders with the Federal Deposit Insurance Corporation (“FDIC”) and the Pennsylvania Department of Banking (“Department”) which serve as a prescriptive Restoration Plan providing benchmarks for capital, earnings and asset quality. The material terms of the Consent Orders are identical. The requirements and status of items included in the Orders are as follows:

The Orders will remain in effect until modified or terminated by the FDIC and the Department and do not restrict the Bank from transacting its normal banking business. The Bank will continue to serve its customers in all areas including making loans, establishing lines of credit, accepting deposits and processing banking transactions. Customer deposits remain fully insured to the highest limits set by the FDIC. The FDIC and the Department did not impose or recommend any monetary penalties in connection with the Consent Orders. The Board of Directors is optimistic about the Bank’s ability to achieve the requirements as stated. These Orders represent a more tailored approach by regulators to strengthen and preserve minority-owned financial institutions like United Bank of Philadelphia. The priority for the Board of Directors and management is to promptly comply with the Order.

· Increase participation of the Bank’s board of directors in the Bank’s affairs by having the board assume full responsibility for approving the Bank’s policies and objectives and for supervising the Bank’s management;

· Have and retain qualified management, and notify the FDIC and the Department of any changes in the Bank’s board of directors or senior executive officers. Add two additional board members with banking experience.

· Complete audited financial statements for 2016, 2017, and 2018.

· Formulate and implement a Restoration/Strategic Plan to increase profitability reduce expenses and improve operating performance and related ratios.

· Develop and implement a Strategic Plan for each year during which the orders are in effect, to be revised Develop a written capital plan detailing the manner in which the Bank will meet and maintain a ratio of Tier 1 capital to total assets (“leverage ratio”) of at least 8.5% and a ratio of qualifying total capital to risk-weighted assets (total risk-based capital ratio) of at least 12.5%, by September 2019;

· Formulate a written plan to improve asset quality and reduce the Bank’s risk positions in assets classified as “Doubtful” or “Substandard” at its regulatory examination;

· Eliminate all assets classified as “Loss” at its current regulatory examination;

· Refrain from accepting any brokered deposits;

· Refrain from paying cash dividends without prior approval of the FDIC and the Department;

· Prepare and submit quarterly reports to the FDIC and the Department detailing the actions taken to secure compliance with the Orders.

As of December 31, 2016, the Bank’s tier one leverage capital ratio was 4.82% and its total risk based capital ratio was 9.08%. These ratios are below the levels required by the Consent Orders. Management is in the process of addressing all matters outlined in the Consent Orders. The Bank has increased the participation of the Bank’s Board of Directors in the Bank’s affairs and has established an oversight committee of the Board of Directors of the Bank with the responsibility to insure the Bank’s compliance with the Consent Orders. Management has developed the written plans and policies required by the Consent Orders and will continue to endeavor to comply with the terms and conditions of the Orders.

XML

17. Summary of Quarterly Results (unaudited): Schedule of Condensed Income Statement (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Interest income	$ 614,000	$ 642,000	$ 737,000	$ 593,000	$ 609,000	$ 636,000	$ 630,000	$ 712,000	$ 2,587,393	$ 2,587,325
Interest expense	17,000	17,000	16,000	16,000	17,000	17,000	17,000	18,000	65,972	69,077
Net interest income	597,000	625,000	721,000	577,000	592,000	619,000	613,000	694,000	2,521,421	2,518,248
(Credit) provision for loan losses	(19,000)	(45,000)	30,000	(35,000)	(51,000)	83,000	(40,000)	(60,000)	(69,000)	(68,000)
Net interest after provision for loan losses	616,000	670,000	691,000	612,000	643,000	536,000	653,000	754,000	2,590,421	2,586,248
Total noninterest income	538,000	392,000	705,000	288,000	420,000	334,000	307,000	336,000	1,922,858	1,396,913
Noninterest expense	1,146,000	1,162,000	1,080,000	1,099,000	1,245,000	1,080,000	1,078,000	1,075,000	4,488,742	4,477,936
Net income (loss)	$ 8,000	$ (100,000)	$ 316,000	$ (199,000)	$ (182,000)	$ (210,000)	$ (118,000)	$ 15,000	$ 24,537	$ (494,775)
Basic income (loss) per common share	$ 0.01	$ (0.12)	$ 0.38	$ (0.24)	$ (0.21)	$ (0.24)	$ (0.13)	$ 0.01	$ 0.03	$ (0.57)
Diluted income (loss) per common share	$ 0.01	$ (0.12)	$ 0.38	$ (0.24)	$ (0.21)	$ (0.24)	$ (0.13)	$ 0.01	$ 0.03	$ (0.57)

XML

1. Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

1. Summary of Significant Accounting Policies

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

United Bancshares, Inc. (“the Company”) is the holding company for United Bank of Philadelphia (the “Bank”). The Company was incorporated under the laws of the Commonwealth of Pennsylvania on April 8, 1993 and provides financial services through the Bank.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany transactions and balances have been eliminated.

Management’s Use of Estimates

The preparation of the financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates which are particularly susceptible to significant change in the near term relate to the fair value of investment securities, the determination of the allowance for loan losses, the fair value of loans held at fair value, valuation allowance for deferred tax assets, the carrying value of other real estate owned, the determination of other than temporary impairment for securities.

Marketing and Advertising

Marketing and advertising costs are expensed as incurred.

Statement of Cash Flows

For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, interest bearing deposits with banks that mature within 90 days and federal funds sold on an overnight basis. Changes in loans made to and deposits received from customers are reported on a net basis.

Securities

Bonds, notes, and debentures for which the Company has both the positive intent and ability to hold to maturity are classified as held-to-maturity and carried at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Investment securities that would be held for indefinite periods of time but not necessarily to maturity, including securities that would be used as part of the Bank’s asset/liability management strategy and possibly sold in response to changes in interest rates, prepayments and similar factors are classified as “Available for Sale.” These securities are carried at fair value, with any temporary unrealized gains or losses reported as a separate component of other comprehensive loss, net of the related income tax effect. Gains and losses on the sale of such securities are accounted for on the specific identification basis in the statements of operations on the trade date.

If transfers between the available-for-sale and held-to-maturity portfolios occur, they are accounted for at fair value and unrealized holding gains and losses are accounted for at the date of transfer. For securities transferred to available-for-sale from held-to-maturity, unrealized gains and losses as of the date of the transfer are recognized in accumulated other comprehensive loss as a separate component of shareholders’ equity. For securities transferred into the held-to-maturity portfolio from available-for-sale, unrealized gains and losses as of the date of the transfer continue to be reported in accumulated other comprehensive loss, and are amortized over the remaining life of the security as an adjustment to its yield, consistent with amortization of the premium or accretion of the discount.

Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concern warrants such evaluation. Declines in the fair value of individual debt securities below their cost that are deemed to be other than temporary result in write-downs of the individual securities to their fair value. Debt securities that are deemed to be other-than-temporarily impaired are reflected in earnings as realized losses to the extent impairment is related to credit losses. The amount of the impairment for debt securities related to other factors is recognized in other comprehensive loss. In evaluating whether impairment is temporary or other-than-temporary, management first considers whether the Bank intends to sell the security or it is more-likely-than-not that the Bank will be required to sell the security prior to recovery. In these circumstances, the loss is determined to be other-than-temporary and the difference between the security’s fair value and its amortized cost is reflected as a loss in the statement of operations. If management does not intend to sell the security and likely will not be required to sell the security prior to forecasted recovery, management evaluates whether it expects to recover the entire amortized cost of the debt security or if there is a credit loss. In evaluating whether there is a credit loss, management considers various qualitative factors which include (1) the length of time and the extent to which the fair value has been less than cost, (2) the reasons for the decline in the fair value, and (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events. If, based on an analysis of these factors, management concludes that there is a credit loss, then management calculates the expected cash flows and records a loss in earnings equal to the difference between the amortized cost of the debt security and the expected present value of cash flows. The portion of the decline in fair value that is due to factors other than credit loss is recognized in other comprehensive loss. No investment securities held by the Bank as of December 31, 2016 and 2015 were subjected to a write-down due to credit related other-than-temporary impairment. Interest income from securities adjusted for the amortization of premiums and accretion of discounts is recognized in interest income using the interest method over the contractual lives of the related securities. Realized gains and losses, determined using the amortized cost value of the specific securities sold, are included in noninterest income in the statement of operations.

Transfers of Financial Assets

Transfers of financial assets are accounted for as sales when all the components meet the definition of a participating interest and when control over the assets has been surrendered. A participating interest generally represents (1) a proportionate (pro rata) ownership interest in an entire financial assets, (2) a relationship where from the date of transfer all cash flows received from the entire financial asset are divided proportionately among the participating interest holders in an amount equal to their share of ownership, (3) the priority of cash flows has certain characteristics, including no reduction in priority, subordination of interest, or recourse to the transferor other than standard representation or warranties, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to pledge or exchange the entire financial asset. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Loans Held for Sale

The Bank originates SBA loans for which the guaranteed portion is intended to be sold within a short period of time in the secondary market. These loans are carried at fair value based on a loan-by-loan valuation using actual market bids for the specific loans held or for loan sales for similar assets in the marketplace that have occurred near the valuation date. Any change in the balance of the loan and its fair value is recorded as income or expense in each reporting period. When the guaranteed portion of the loan is sold, the gain on the sale is reduced by the income previously recognized as part of the fair value adjustment.

Loans Held at Fair Value

The Bank originates SBA loans for which the un-guaranteed portion is retained after the guaranteed portion is sold in the secondary market. Management has elected to carry these loans at fair value in accordance with the irrevocable option permitted under Accounting Standards Codification (“ASC”) 825-10-25 Financial Instruments. Fair value of these loans is estimated based on the present value of future cashflows for each asset based on their unique characteristics, market-based assumptions for prepayment speeds, discount rates, default and voluntary prepayments as well as assumptions for losses and recoveries which is based primarily on the risk spread to LIBOR spot curve.

Loans

The Bank has both the positive intent and ability to hold the majority of its loans to maturity. These loans are stated at the amount of unpaid principal, reduced by net unearned discount and an allowance for loan losses. Interest income on loans is recognized as earned based on contractual interest rates applied to daily principal amounts outstanding and accretion of discount.

Non-accrual and Past Due Loans

Loans are considered past due if the required principal and interest payments have not been received 30 days as of the date such payments were due. The Bank generally places a loan on non-accrual status when interest or principal is past due 90 days or more. If it otherwise appears doubtful that the loan will be repaid, management may place the loan on nonaccrual status before the lapse of 90 days. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Cash payments on nonaccrual loans are applied as principal payments.

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses. Loans that are determined to be uncollectible are charged against the allowance account, and subsequent recoveries, if any, are credited to the allowance. When evaluating the adequacy of the allowance, an assessment of the loan portfolio will typically include changes in the composition and volume of the loan portfolio, overall portfolio quality and past loss experience, review of specific problem loans, current economic conditions which may affect borrowers’ ability to repay, and other factors which may warrant current recognition. Such periodic assessments may, in management’s judgment, require the Bank to recognize additions or reductions to the allowance. An allowance for loan losses is not calculated for loans held for sale or carried at fair value.

Various regulatory agencies periodically review the adequacy of the Bank’s allowance for loan losses as an integral part of their examination process. Such agencies may require the Bank to recognize additions or reductions to the allowance based on their evaluation of information available to them at the time of their examination. It is reasonably possible that the above factors may change significantly and, therefore, affects management’s determination of the allowance for loan losses in the near term.

The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical charge-off experience, other qualitative factors, and adjustments made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. The Bank does not allocate reserves for unfunded commitments to fund lines of credit.

A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Bank will identify and assess loans that may be impaired through any of the following processes:

· During regularly scheduled meetings of the Asset Quality Committee

· During regular reviews of the delinquency report

· During the course of routine account servicing, annual review, or credit file update

· Upon receipt of verifiable evidence of a material reduction in the value of collateral to a level that creates a less than desirable loan-to-value ratio

Impairment is measured on a loan by loan basis for commercial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.

Large groups of smaller, homogeneous loans, including consumer installment and home equity loans, 1-4 family residential mortgages, and student loans are evaluated collectively for impairment. Accordingly, the Bank does not separately identify individual consumer and residential loans for impairment disclosures.

Bank Premises and Equipment

Bank premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the estimated useful lives of the assets. Amortization of leasehold improvements is computed over the shorter of the related lease term or the useful life of the assets.

Income Taxes

The liability method is used in accounting for income taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Realization of deferred tax assets is dependent on generating sufficient taxable income in the future.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that ultimately would be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more-likely-than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and not offset or aggregated with other positions. Tax positions that meet the more-likely-than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. It is the Bank’s policy to recognize interest and penalties related to unrecognized tax liabilities within income tax expense in the statement of operations.

The Bank does not have an accrual for uncertain tax positions as of December 31, 2016 or 2015, as deductions taken and benefits accrued are based on widely understood administrative practices and procedures and are based on clear and unambiguous tax law.

Income (Loss) Per Share (“EPS”)

Basic EPS excludes dilution and is computed by dividing income (loss) available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.

Off-Balance-Sheet Financial Instruments

In the ordinary course of business, the Bank has entered into off-balance-sheet financial instruments consisting of commitments to extend credit and letters of credit. Such financial instruments are recorded in the financial statements when they become payable.

Other Real Estate Owned

Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value, net of estimated cost to sell, at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management, and the real estate is carried at the lower of carrying amount or fair value less the cost to sell. Revenue and expenses from operations and changes in valuation subsequent to the initial foreclosure are charged to operations.

Segments

The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the other. For example, commercial lending is dependent upon the ability of the Bank to fund it with retail deposits and other borrowings and to manage interest rate and credit risk. This situation is also similar for consumer and residential mortgage lending. Accordingly, all significant operating decisions are based upon analysis of the Company as one operating segment or unit.

Reclassifications

Certain reclassifications have been made to the prior years’ financial statements to conform to the 2016 presentation, with no impact on earnings or shareholders’ equity.

Comprehensive Loss

Comprehensive loss includes net loss as well as certain other items that result in a change to equity during the period. The components of other comprehensive loss are as follows:

	December 31, 2016
(in 000’s)	Before tax	Tax	Net of tax
	amount	Benefit	Amount
Beginning balance	$   (30)	$     11	$  (19)
Unrealized loss on securities	(66)	22	(44)
Less: reclassification adjustment for gains
realized in net loss	-	-	-
Other comprehensive loss, net	(66)	23	(44)
Ending balance	$ (96)	$ 33	$ (63)

	December 31, 2015
	Before tax		Tax		Net of tax
	amount		Benefit		Amount
Beginning balance	$ (21)	$  8		$  (13)
Unrealized loss on securities:	(9)	3		(6)
Less: reclassification adjustment for gains
realized in net loss	-	-		-
Other comprehensive loss, net	(9)	3		(6)
Ending balance	$ (30)	$ 11		$ (19)

Recent Accounting Pronouncements

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. The Update’s (along with subsequent amendments and clarifications in ASUs; 2015-14, 2016-08, 2016-10, 2016-11, and 2016-12) core principle is that a company will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this Update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. This Update is not expected to have a significant impact on the Company’s financial statements.

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40). The amendments in this Update provide guidance in accounting principles generally accepted in the United States of America about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. This Update is not expected to have a significant impact on the Company’s financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This Update applies to all entities that hold financial assets or owe financial liabilities and is intended to provide more useful information on the recognition, measurement, presentation, and disclosure of financial instruments. Among other things, this Update (a) requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; (b) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; (c) eliminates the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities; (d) eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; (e) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; (f) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; and (g) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For all other entities, including not-for-profit entities and employee benefit plans within the scope of Topics 960 through 965 on plan accounting, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. All entities that are not public business entities may adopt the amendments in this Update earlier as of the fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The standard ((along with subsequent amendments and clarifications in ASUs; 2018-01, 2018-11 and 2018-20) requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet.  A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term.  A short-term lease is defined as one in which (a) the lease term is 12 months or less and (b) there is not an option to purchase the underlying asset that the lessee is reasonably certain to exercise. For short-term leases, lessees may elect to recognize lease payments over the lease term on a straight-line basis. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those years. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. The amendments should be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. This Update is not expected to have a significant impact on the Company’s financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be effected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. ASU 2016-13 is effective for annual and interim periods beginning after December 15, 2019, and early adoption is permitted for annual and interim periods beginning after December 15, 2018. With certain exceptions, transition to the new requirements will be through a cumulative effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations.

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which addresses eight specific cash flow issues with the objective of reducing diversity in practice. Among these include recognizing cash payments for debt prepayment or debt extinguishment as cash outflows for financing activities; cash proceeds received from the settlement of insurance claims should be classified on the basis of the related insurance coverage; and cash proceeds received from the settlement of bank-owned life insurance policies should be classified as cash inflows from investing activities while the cash payments for premiums on bank-owned policies may be classified as cash outflows for investing activities, operating activities, or a combination of investing and operating activities. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. This Update is not expected to have a significant impact on the Company’s financial statements.

In October 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230), which requires that a statement of cash flows explains the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in this Update should be applied using a retrospective transition method to each period presented. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s statement of cash flows.

In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20). The amendments in this Update clarify what constitutes a financial asset within the scope of Subtopic 610-20. The amendments also clarify that entities should identify each distinct nonfinancial asset or in substance nonfinancial asset that is promised to a counterparty and to derecognize each asset when the counterparty obtains control. There is also additional guidance provided for partial sales of a nonfinancial asset and when derecognition, and the related gain or loss, should be recognized. The amendments in this Update are effective at the same time as the amendments in Update 2014-09. Therefore, for public entities, the amendments are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. For all other entities, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019.

In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not expected to have a significant impact on the Company’s financial statements.

In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements. This Update provides another transition method which allows entities to initially apply ASC 842 at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Entities that elect this approach should report comparative periods in accordance with ASC 840, Leases. In addition, this Update provides a practical expedient under which lessors may elect, by class of underlying assets, to not separate nonlease components from the associated lease component, similar to the expedient provided for lessees. However, the lessor practical expedient is limited to circumstances in which the nonlease component or components otherwise would be accounted for under the new revenue guidance and both (a) the timing and pattern of transfer are the same for the nonlease component(s) and associated lease component and (b) the lease component, if accounted for separately, would be classified as an operating lease. If the nonlease component or components associated with the lease component are the predominant component of the combined component, an entity should account for the combined component in accordance with ASC 606,

Revenue from Contracts with Customers. Otherwise, the entity should account for the combined component as an operating lease in accordance with ASC 842. If a lessor elects the practical expedient, certain disclosures are required. This Update is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. This Update is not expected to have a significant impact on the Company’s financial statements.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes the Disclosure Requirements for Fair Value Measurements. The Update removes the requirement to disclose the amount of and reasons for transfers between Level I and Level II of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level III fair value measurements. The Update requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level III fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level III fair value measurements. This Update is effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. This Update is not expected to have a significant impact on the Company’s financial statements.

XML

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	2,000,000	2,000,000
Common Stock, Shares, Issued	826,921	826,921
Common Stock, Shares, Outstanding	826,921	826,921
Series A Preferred Stock
Preferred Stock, Dividend Rate, Percentage	6.00%	6.00%
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	500,000	500,000
Preferred Stock, Shares Issued	99,342	99,342
Preferred Stock, Shares Outstanding	99,342	99,342

XML

13. Regulatory Matters: Schedule of the Company and the Bank's Actual Capital (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Actual Amount | Company
Total capital to risk-weighted assets:
Capital	$ 2,897	$ 3,081
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital	2,597	2,663
Common Equity Tier One Capital
Common Equity Tier One Capital	2,597	2,663
Tier One Leverage Capital
Tier One Leverage Capital	2,597	2,663
Tangible Capital
Tangible Capital	2,597	2,663
Actual Amount | Bank
Total capital to risk-weighted assets:
Capital	2,897	3,081
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital	2,597	2,663
Common Equity Tier One Capital
Common Equity Tier One Capital	2,597	2,663
Tier One Leverage Capital
Tier One Leverage Capital	2,597	2,663
Tangible Capital
Tangible Capital	$ 2,597	$ 2,663
Actual Ratio | Company
Total capital to risk-weighted assets:
Capital Ratio	9.08%	8.50%
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital Ratio	8.14%	7.35%
Common Equity Tier One Capital
Common Equity Tier One Capital ratio	8.14%	7.35%
Tier One Leverage Capital
Tier One Leverage Capital ratio	4.82%	4.57%
Tangible Capital
Tangible Capital ratio	4.82%	4.52%
Actual Ratio | Bank
Total capital to risk-weighted assets:
Capital Ratio	9.08%	8.50%
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital Ratio	8.14%	7.35%
Common Equity Tier One Capital
Common Equity Tier One Capital ratio	8.14%	7.35%
Tier One Leverage Capital
Tier One Leverage Capital ratio	4.82%	4.57%
Tangible Capital
Tangible Capital ratio	4.82%	4.52%
Well Capitalized Amount | Bank
Total capital to risk-weighted assets:
Capital	$ 3,190	$ 3,623
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital	2,074	2,899
Common Equity Tier One Capital
Common Equity Tier One Capital	2,074	2,355
Tier One Leverage Capital
Tier One Leverage Capital	$ 2,692	$ 2,915
Well Capitalized Ratio | Bank
Total capital to risk-weighted assets:
Capital Ratio	10.00%	10.00%
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital Ratio	8.00%	8.00%
Common Equity Tier One Capital
Common Equity Tier One Capital ratio	6.50%	6.50%
Tier One Leverage Capital
Tier One Leverage Capital ratio	5.00%	5.00%
Adequately Capitalized Amount | Bank
Total capital to risk-weighted assets:
Capital	$ 2,552	$ 2,898
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital	1,914	2,173
Common Equity Tier One Capital
Common Equity Tier One Capital	1,436	1,630
Tier One Leverage Capital
Tier One Leverage Capital	$ 2,154	$ 2,332
Adequately Capitalized Ratio | Bank
Total capital to risk-weighted assets:
Capital Ratio	8.00%	8.00%
Tier I capital to risk-weighted assets:
Tier One Risk Based Capital Ratio	6.00%	6.00%
Common Equity Tier One Capital
Common Equity Tier One Capital ratio	4.50%	4.50%
Tier One Leverage Capital
Tier One Leverage Capital ratio	4.00%	4.00%

XML

12. Consolidated Financial Information-parent Company Only: Schedule of Condensed Balance Sheet (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets:
Total assets	$ 53,612,371	$ 58,984,238
Shareholders' equity:
Series A preferred stock	993	993
Common stock	8,269	8,269
Additional paid-in-capital	14,752,644	14,752,644
Accumulated deficit	(12,038,281)	(12,062,818)
Accumulated other comprehensive loss	(63,710)	(19,326)
Total shareholders' equity	2,659,915	2,679,762	$ 3,180,640
Parent Company
Assets:
Investment in United Bank of Philadelphia	2,660,000	2,680,000
Total assets	2,660,000	2,680,000
Shareholders' equity:
Series A preferred stock	1,000	1,000
Common stock	8,000	8,000
Additional paid-in-capital	14,753,000	14,753,000
Accumulated deficit	(12,038,000)	(12,063,000)
Accumulated other comprehensive loss	(64,000)	(19,000)
Total shareholders' equity	$ 2,660,000	$ 2,680,000

XML

5. Bank Premises and Equipment: Schedule of Major Classes of Bank Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment, Gross	$ 2,164,000	$ 2,085,000
Less accumulated depreciation	(1,784,000)	(1,592,000)
Bank premises and equipment, net	380,471	492,730
Leaseholds and Leasehold Improvements
Property, Plant and Equipment, Gross	$ 832,000	788,000
Leaseholds and Leasehold Improvements | Minimum
Estimated Useful Life	10 years
Leaseholds and Leasehold Improvements | Maximum
Estimated Useful Life	15 years
Furniture and Fixtures
Property, Plant and Equipment, Gross	$ 1,332,000	$ 1,297,000
Furniture and Fixtures | Minimum
Estimated Useful Life	3 years
Furniture and Fixtures | Maximum
Estimated Useful Life	7 years

XML

6. Other Real Estate Owned: Schedule of Components of Net Expense of Other Real Estate Owned (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Professional fees	$ 301,734	$ 318,774
Impairment charges (net)	0	(39,294)
Other Real Estate 1
Insurance	23,000	15,000
Legal fees	16,000	0
Foreclosure fees	56,000	0
Professional fees	4,000	0
Real estate taxes	21,000	14,000
Utilities	2,000	3,000
Transfer-in write up	0	(88,000)
Impairment charges (net)	0	49,000
Other	4,000	18,000
Totals	$ 126,000	$ 11,000

XML

9. Income Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Operating Loss Carryforwards	$ 10,523,000
Valuation allowance for deferred tax assets	$ 3,914,233	$ 3,934,024

XML

11. Fair Value Measurements (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Available-for-sale, at fair value	$ 5,578,159	$ 7,572,029

XML

11. Fair Value: Schedule of Fair Value of Financial Instruments at Year-End (Details) - USD ($)		Dec. 31, 2016	Dec. 31, 2015
Assets:
Available-for-sale, at fair value		$ 5,578,159	$ 7,572,029
Loans held for sale		7,793,785	3,260,761
Loans held at fair value		4,207,338	2,458,930
Loans, net of allowance for loan losses		26,534,607	33,101,029
Servicing asset		312,814	199,781
Liabilities:
Savings deposits		11,734,512	11,680,878
Time deposits		10,411,000
Interest payable		10,997	9,157
Carrying Amount
Assets:
Available-for-sale, at fair value	[1]	5,578,000	7,572,000
Loans, net of allowance for loan losses	[2]	27,988,000	33,101,000
Fair Value
Assets:
Available-for-sale, at fair value	[1]	5,578,000	7,572,000
Loans, net of allowance for loan losses	[2]	28,227,000	33,082,000
Fair Value, Inputs, Level 1
Assets:
Loans held for sale		0	0
Loans held at fair value		0	0
Servicing asset		0	0
Fair Value, Inputs, Level 1 | Carrying Amount
Assets:
Cash and cash equivalents		7,803,000	10,782,000
Fair Value, Inputs, Level 1 | Fair Value
Assets:
Cash and cash equivalents		7,803,000	10,782,000
Fair Value, Inputs, Level 2
Assets:
Loans held for sale		7,794,000	3,261,000
Loans held at fair value		0	0
Servicing asset		0	0
Fair Value, Inputs, Level 2 | Carrying Amount
Assets:
Loans held for sale		7,794,000	3,261,000
Servicing asset		313,000	200,000
Interest receivable		141,000	175,000
Liabilities:
Demand Deposits		28,497,000	30,022,000
Savings deposits		11,735,000	11,681,000
Time deposits	[3]	10,411,000	14,259,000
Interest payable		11,000	9,000
Fair Value, Inputs, Level 2 | Fair Value
Assets:
Loans held for sale		7,794,000	3,261,000
Servicing asset		313,000	200,000
Interest receivable		141,000	175,000
Liabilities:
Demand Deposits		28,497,000	30,022,000
Savings deposits		11,735,000	11,681,000
Time deposits	[3]	10,395,000	14,242,000
Interest payable		11,000	9,000
Fair Value, Inputs, Level 3
Assets:
Loans held for sale		0	0
Loans held at fair value		4,207,000	2,459,000
Servicing asset		313,000	200,000
Fair Value, Inputs, Level 3 | Carrying Amount
Assets:
Loans held at fair value		4,207,000	2,459,000
Fair Value, Inputs, Level 3 | Fair Value
Assets:
Loans held at fair value		$ 4,207,000	$ 2,459,000

[1] Level 1 for money market funds; Level 2 for all other securities.

[2] Level 2 for non-impaired loans; Level 3 for impaired loans.

[3] Level 1 for variable rate instruments, Level 3 for fixed rate instruments.

XML

4. Loans and Allowance For Loan Losses: Schedule of the Composition of Net Loans (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Commercial and industrial	$ 2,149,000	$ 3,062,000
Commercial real estate	21,488,000	26,414,000
Consumer real estate	2,232,000	2,841,000
Consumer loans other	966,000	1,202,000
Allowance for loan losses	(300,000)	(418,000)
Loans, net	26,535,000	33,101,000
Consumer Real Estate | Home Equity Line of Credit
Consumer real estate	19,000	20,000
Commercial | Commercial And Industrial
Commercial and industrial	890,000	1,535,000
S B A Loans | Commercial And Industrial
Commercial and industrial	0	40,000
S B A Loans | Commercial Real Estate Portfolio Segment
Commercial real estate	255,000	353,000
Asset Based Loans | Commercial And Industrial
Commercial and industrial	1,259,000	1,487,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment
Commercial real estate	11,385,000	13,774,000
Construction | Commercial Real Estate Portfolio Segment
Commercial real estate	542,000	2,175,000
Religious Organizations | Commercial Real Estate Portfolio Segment
Commercial real estate	9,306,000	10,112,000
Home Equity Loans | Consumer Real Estate
Consumer real estate	799,000	897,000
Family Residential Mortgage | Consumer Real Estate
Consumer real estate	1,414,000	1,924,000
Student Loans | Consumer And Other Loans
Consumer loans other	855,000	1,081,000
Other | Consumer And Other Loans
Consumer loans other	$ 111,000	$ 121,000

XML

3. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Available-for-sale Securities, Amortized Cost Basis	$ 5,673,000	$ 7,601,000
Available-for-sale Securities, Gross Unrealized Gain	25,000	39,000
Available-for-sale Securities, Gross Unrealized Loss	(120,000)	(68,000)
Investment securities available-for-sale, at fair value	5,578,159	7,572,029
US Government Agency Securities
Available-for-sale Securities, Amortized Cost Basis	2,350,000	3,697,000
Available-for-sale Securities, Gross Unrealized Gain	0	3,000
Available-for-sale Securities, Gross Unrealized Loss	(82,000)	(38,000)
Investment securities available-for-sale, at fair value	2,268,000	3,662,000
Government Sponsored Enterprises residential mortgage-backed securities
Available-for-sale Securities, Amortized Cost Basis	3,193,000	3,774,000
Available-for-sale Securities, Gross Unrealized Gain	25,000	36,000
Available-for-sale Securities, Gross Unrealized Loss	(38,000)	(30,000)
Investment securities available-for-sale, at fair value	3,180,000	3,780,000
Investments in money market funds
Available-for-sale Securities, Amortized Cost Basis	130,000	130,000
Available-for-sale Securities, Gross Unrealized Gain	0	0
Available-for-sale Securities, Gross Unrealized Loss	0	0
Investment securities available-for-sale, at fair value	$ 130,000	$ 130,000

XML

17. Summary of Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

17. Summary of Quarterly Results (unaudited)

17. SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

The following summarizes the company’s consolidated results of operations during 2016 and 2015, on a quarterly basis:

(Dollars in thousands)

	2016
	Fourth	Third	Second	First
	Quarter	Quarter	Quarter	Quarter
Interest income	$   614	$   642	$  737	$593
Interest expense	17	17	16	16
Net interest income	597	625	721	577
Provision (credit) for loan losses	(19)	(45)	30	(35)
Net interest after provision for loan losses	616	670	691	612
Noninterest income	538	392	705	288
Noninterest expense	1,146	1,162	1,080	1,099
Net income (loss)	$ 8	$(100)	$ 316	$  (199)
Basic income (loss) per common share	$ 0.01	$ (0.12)	$0.38	$ (0.24)
Diluted income (loss) per common share	$ 0.01	$ (0.12)	$0.38	$ (0.24)

(Dollars in thousands)

	2015
	Fourth	Third	Second	First
	Quarter	Quarter	Quarter	Quarter
Interest income	$   609	$   636	$  630	$712
Interest expense	17	17	17	18
Net interest income	592	619	613	694
Provision (credit) for loan losses	(51)	83	(40)	(60)
Net interest after provision for loan losses	643	536	653	754
Noninterest income	420	334	307	336
Noninterest expense	1,245	1,080	1,078	1,075
Net income (loss)	$ (182)	$ (210)	$ (118)	$  15
Basic income (loss) per common share	$ (0.21)	$ (0.24)	$(0.13)	$ 0.01
Diluted income (loss) per common share	$ (0.21)	$ (0.24)	$(0.13)	$ 0.01

XML

4. Loans and Allowance For Loan Losses (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of the Composition of Net Loans

The composition of the net loans is as follows:

	December 31,	December 31,
(In 000's)	2016	2015
Commercial and industrial:
Commercial	$               890	$               1,535
SBA loans	-	40
Asset-based	1,259	1,487
Total commercial and industrial	2,149	3,062
Commercial real estate:
Commercial mortgages	11,385	13,774
SBA loans	255	353
Construction	542	2,175
Religious organizations	9,306	10,112
Total commercial real estate	21,488	26,414
Consumer real estate:
Home equity loans	799	897
Home equity lines of credit	19	20
1-4 family residential mortgages	1,414	1,924
Total consumer real estate	2,232	2,841
Consumer and other:
Student loans	855	1,081
Other	111	121
Total consumer and other	966	1,202
Allowance for loan losses	(300)	(418)
Loans, net	$            26,535	$            33,101

Schedule of Activity in Related Party Loans

Activity in related party loans is presented in the following table.

	2016	2015
Balance outstanding at December 31,	$ 775,078	$ 845,477
Principal additions (affiliations)	159,974	-
Disaffiliations	-	-
Principal reductions	(68,118)	(70,399)
Balance outstanding at December 31,	$ 866,934	$ 775,078

Schedule of Age Analysis of Past Due Loans

An age analysis of past due loans, segregated by class of loans, as of December 31, 2016 is as follows:

(In 000's)		Accruing
	Loans	Loans 90 or
	30-89 Days	More Days		Total Past	Current
	Past Due	Past Due	Nonaccrual	Due Loans	Loans	Total Loans
Commercial and industrial:
Commercial	$ -	$ -	$ 33	$ 33	$ 857	$ 890
SBA loans	-	-	-	-	-	-
Asset-based	27	243	75	345	914	1,259
Total commercial and industrial	27	243	108	378	1,771	2,149
Commercial real estate:
Commercial mortgages	-	11	1,270	1,281	10,104	11,385
SBA loans	-	162	93	255	-	255
Construction	-	-	-	-	542	542
Religious organizations	110	-	196	306	9,000	9,306
Total commercial real estate	110	173	1,559	1,842	19,646	21,488
Consumer real estate:
Home equity loans	-	153	345	498	301	799
Home equity lines of credit	-	-	-	-	19	19
1-4 family residential mortgages	59	-	75	134	1,280	1,414
Total consumer real estate	59	153	420	632	1,600	2,232
Consumer and other:
Student loans	38	61	-	99	756	855
Other	-	1	-	1	110	111
Total consumer and other	38	62	-	100	866	966
Total loans	$ 234	$ 631	$ 2,087	$ 2,952	$ 23,883	$ 26,835

An age analysis of past due loans, segregated by class of loans, as of December 31, 2015 is as follows:

(In 000's)		Accruing
	Loans	Loans 90 or
	30-89 Days	More Days		Total Past	Current
	Past Due	Past Due	Nonaccrual	Due Loans	Loans	Total Loans
Commercial and industrial:
Commercial	$ -	$ -	$ 110	$ 110	$ 1,425	$ 1,535
SBA loans	-	-	40	40	-	40
Asset-based	11	-	289	300	1,187	1,487
Total Commercial and industrial	11	-	439	450	2,612	3,062
Commercial real estate:
Commercial mortgages	169	39	1,335	1,543	12,231	13,774
SBA loans	-	-	271	271	82	353
Construction	-	-	-	-	2,175	2,175
Religious organizations	-	-	471	471	9,641	10,112
Total Commercial real estate	169	39	2,077	2,285	24,129	26,414
Consumer real estate:
Home equity loans	56	125	358	539	358	897
Home equity lines of credit	-	-	-	-	20	20
1-4 family residential mortgages	35	-	129	164	1,760	1,924
Total consumer real estate	91	125	487	703	2,138	2,841
Total real estate	260	164	2,564	2,988	26,267	29,255
Consumer and other:
Student loans	66	129	-	195	886	1,081
Other	2	-	-	2	119	121
Total consumer and other	68	129	-	197	1,005	1,202
Total loans	$ 339	$ 293	$ 3,003	$ 3,635	$ 29,884	$ 33,519

Schedule of Impaired Loans

Year-end 2016 impaired loans are set forth in the following table.

(In 000’s)	Unpaid Contractual	Recorded Investment	Recorded Investment	Total		Average	Interest recognized
	Principal	With No	With	Recorded	Related	Recorded	on impaired
	Balance	Allowance	Allowance	Investment	Allowance	Investment	loans
Commercial and industrial:
Commercial	$ 33	$ 33	$ -	$ 33	$ -	$ 33	$ -
SBA	-	-	-	-	-	36	-
Asset based	319	319	-	319	-	361	-
Total Commercial and industrial	352	352	-	352	-	430	-
Commercial real estate:
Commercial mortgages	1,321	808	473	1,281	54	1,303	19
SBA  Loans	255	255	-	255	-	262	7
Religious Organizations	195	195	-	195	-	273	-
Total Commercial real estate	1,771	1,258	473	1,731	54	1,838	26
Total Loans	$ 2,123	$ 1,610	$ 473	$ 2,083	$ 54	$ 2,268	$ 26

Year-end 2015 impaired loans are set forth in the following table.

(In 000’s)	Unpaid Contractual	Recorded Investment	Recorded Investment	Total		Average	Interest recognized
	Principal	With No	With	Recorded	Related	Recorded	on impaired
	Balance	Allowance	Allowance	Investment	Allowance	Investment	loans
Commercial and industrial:
Commercial	$ 818	$ 353	$ -	$ 353	$ -	$ 446	$ -
SBA  loans	46	-	46	46	-	38	2
Asset-based	40	40	-	40	-	54	2
Total Commercial and industrial	904	393	46	439	-	538	4
Commercial real estate:
Commercial mortgages	1,334	810	524	1,334	91	579	9
SBA  Loans	271	271	-	271	-	161	2
Religious Organizations	471	471	-	471	-	630	2
Total Commercial real estate	2,076	1,552	524	2,076	91	1,370	13
Total Loans	$ 2,980	$ 1,945	$ 570	$ 2,515	$ 91	$ 1,908	$ 17

Schedule of Bank Loans by Class According to Credit Quality

The tables below detail the Bank’s loans by class according to their credit quality indictors discussed above.

(In 000's)			Commercial Loans, December 31, 2016
	Good/ Excellent	Satisfactory	Pass	Special        Mention	Substandard	Doubtful	Total
Commercial and industrial:
Commercial	$ 260	$ 331	$ 9	$ 38	$ 252	$ -	$ 891
SBA loans	-	-	-	-	-	-	-
Asset-based	-	742	198	-	243	76	1,259
	260	1,073	207	38	495	76	2,149
Commercial real estate:
Commercial mortgages	-	8,193	1,375	537	1,059	221	11,385
SBA Loans	-	2	-	160	93	-	255
Construction	-	542	-	-	-	-	515
Religious organizations	49	8,201	751	109	196	-	9,306
	49	16,938	2,126	806	1,348	221	21,488
Total commercial loans	$ 309	$ 18,011	$ 2,333	$ 844	$ 1,843	$ 297	$ 23,637

		Residential Mortgage and Consumer Loans December 31, 2016
	Performing	Nonperforming	Total
Consumer Real Estate:
Home equity	$ 301	$ 498	$ 799
Home equity line of credit	19	-	19
1-4 family residential mortgages	1,339	75	1,414
	1,659	573	2,232
Consumer Other:
Student loans	794	61	855
Other	110	1	111
	904	62	966
Total  consumer loans	$ 2,563	$ 635	$ 3,198

(In 000's)			Commercial Loans, December 31, 2015
	Good/ Excellent	Satisfactory	Pass	Special Mention	Substandard	Doubtful	Total
Commercial and industrial:
Commercial	$ 285	$ 922	$ 16	$ 58	$ 254	$ -	$ 1,535
SBA loans	-	-	-	-	40	-	40
Asset-based	-	900	222	-	289	76	1,487
	285	1,822	238	58	583	76	3,062
Commercial real estate:
Commercial mortgages	-	10,689	1,098	613	1,151	223	13,774
SBA Loans	-	82	-	-	271	-	353
Construction	-	2,175	-	-	-	-	2,175
Religious organizations	-	7,624	1,131	886	471	-	10,112
	-	20,570	2,229	1,499	1,893	223	26,414
Total commercial loans	$ 285	$ 22,393	$ 2,467	$ 1,557	$ 2,476	$ 299	$ 29,476

		Residential Mortgage and Consumer Loans December 31, 2015
	- Performing/Nonperforming
	Performing	Nonperforming	Total
Consumer Real Estate:
Home equity	$ 539	$ 358	$ 897
Home equity line of credit	20	-	20
1-4 family residential mortgages	1,795	129	1,924
	2,354	487	2,841
Consumer Other:
Student loans	1,081	-	1,081
Other	121	-	121
	1,202	-	1,202
Total  consumer loans	$ 3,556	$ 487	$ 4,043

Schedule of Age Analysis of Allowance for Loan Losses

An analysis of the activity in the allowance for loan losses for the years 2016 and 2015 is as follows:

(in 000's)		Year to Date ended December 31, 2016
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Beginning balance	$ 151	$ 250	$ 8	$ 9	$ -	$ -	$ 418
Provision for possible loan losses	(87)	(30)	15	1	$ (101)	32	(69)
Charge-offs	-	(41)	(22)	(5)	-	-	(68)
Recoveries	4	-	9	6	-	-	19
Net charge-offs	4	(41)	(13)	1	-	-	(49)
Ending balance	$ 68	$ 179	$ 10	$ 11	$ (101)	$ 32	$ 300

(in 000's)		Year to Date ended December31,2015
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Beginning balance	$ 403	$ 300	$ 20	$ 12	$ -	$ -	$ 735
Provision for possible loan losses	3	(47)	(18)	(6)	-	-	(68)
Charge-offs	(259)	(3)	-	(17)	-	-	(279)
Recoveries	4		6	20	-	-	30
Net charge-offs	(255)	(3)	6	3	-	-	(249)
Ending balance	$ 151	$ 250	$ 8	$ 9	$ -	$ -	$ 418

(in 000's)		Year to Date ended December31,2015
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Period-end amount allocated to:
Loans indivdually evaluated for impairment	$ -	$ 54	$ -	$ -	$ -	$ -	$ 54
Loans collectively  evaluated for impairment	68	125	10	11		32	246
	$ 68	$ 179	$ 10	$ 11	$ -	$ 32	$ 300
Loans, ending balance:
Loans indivdually evaluated for impairment	$ 352	$ 1,731	$ -	$ -	$ -	$ -	$               2,083
Loans collectively  evaluated for impairment	1,797	19,757	2,232	966		$ -	24,752
Total	$ 2,149	$ 21,488	$ 2,232	$ 966	$ -	$ -	$             26,835

(in 000's)		Year to Date ended December31,2015
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Period-end amount allocated to:
Loans indivdually evaluated for impairment	$ 9	$ 47	$ -	$ -	$ -	$ -	$                    56
Loans collectively  evaluated for impairment	167	164	22	9		-	362
	$ 176	$ 211	$ 22	$ 9	$ -	$ -	$                  418
Loans, ending balance:
Loans indivdually evaluated for impairment	$ 439	$ 2,076	$ -	$ -	$ -	$ -	$               2,515
Loans collectively  evaluated for impairment	2,623	24,338	2,841	1,202		0	31,004
Total	$ 3,062	$ 26,414	$ 2,841	$ 1,202	$ -	$ -	$             33,519

XML

11. Fair Value: Schedule of Fair Value of Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Assets, Fair Value, Nonrecurring	$ 5,578	$ 7,572
Fair Value, Inputs, Level 1
Assets, Fair Value, Nonrecurring	130	130
Fair Value, Inputs, Level 2
Assets, Fair Value, Nonrecurring	5,448	7,442
Fair Value, Inputs, Level 3
Assets, Fair Value, Nonrecurring	0	0
Impaired Loans, Carrying Value
Assets, Fair Value, Nonrecurring	418	2,424
Total fair value loss during the year	0	0
Impaired Loans, Carrying Value | Fair Value, Inputs, Level 1
Assets, Fair Value, Nonrecurring	0	0
Impaired Loans, Carrying Value | Fair Value, Inputs, Level 2
Assets, Fair Value, Nonrecurring	0	0
Impaired Loans, Carrying Value | Fair Value, Inputs, Level 3
Assets, Fair Value, Nonrecurring	418	2,424
Other Real Estate Owned
Assets, Fair Value, Nonrecurring	447	480
Total fair value loss during the year	0	39
Other Real Estate Owned | Fair Value, Inputs, Level 1
Assets, Fair Value, Nonrecurring	0	0
Other Real Estate Owned | Fair Value, Inputs, Level 2
Assets, Fair Value, Nonrecurring	0	0
Other Real Estate Owned | Fair Value, Inputs, Level 3
Assets, Fair Value, Nonrecurring	$ 447	$ 480

XML

8. Borrowings (Details) - Secured Borrowing Federal Reserve - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Line of Credit Facility, Maximum Borrowing Capacity	$ 700,000
Securities Held as Collateral, at Fair Value	750,000
Long-term Line of Credit	$ 0	$ 0

XML

10. Financial Instrument Commitments: Schedule of Financial Instruments Commitments (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Outstanding letters of credit	$ 317,000	$ 333,000
Commitments to Extend Credit
Commitments to extend credit	$ 3,784,000	$ 5,903,000

XML

4. Loans and Allowance For Loan Losses: Schedule of Activity in Related Party Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Balance outstanding, starting	$ 775,078	$ 845,477
Principal additions (affiliations)	159,974	0
Disafilliations	0	0
Principal Reductions	(68,118)	(70,399)
Balance outstanding, ending	$ 866,934	$ 775,078

XML

3. Investment Securities: Schedule of Unrealized Loss on Investments (Details) $ in Thousands	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Number of Securities	17	17
Less than Twelve Months, Fair Value	$ 4,294	$ 3,902
Less than 12 Months, Unrealized Losses	(120)	(51)
Twelve Months or Longer, Fair Value	0	470
12 Months or Longer, Unrealized Losses	0	(17)
Total Fair Value	4,294	4,372
Total Unrealized Losses	$ (120)	$ (68)
US Government Agency Securities
Number of Securities	7	9
Less than Twelve Months, Fair Value	$ 2,268	$ 2,416
Less than 12 Months, Unrealized Losses	(82)	(32)
Twelve Months or Longer, Fair Value	0	243
12 Months or Longer, Unrealized Losses	0	(6)
Total Fair Value	2,268	2,659
Total Unrealized Losses	$ (82)	$ (38)
Government Sponsored Enterprises residential mortgage-backed securities
Number of Securities	10	8
Less than Twelve Months, Fair Value	$ 2,026	$ 1,486
Less than 12 Months, Unrealized Losses	(38)	(19)
Twelve Months or Longer, Fair Value	0	227
12 Months or Longer, Unrealized Losses	0	(11)
Total Fair Value	2,026	1,713
Total Unrealized Losses	$ (38)	$ (30)

XML

16. EARNINGS PER SHARE COMPUTATION

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

16. EARNINGS PER SHARE COMPUTATION

16. EARNINGS PER SHARE COMPUTATION

Net income (loss) per common share is calculated as follows:

	Year ended December 31, 2016
	Loss	Shares	Per share
	(numerator)	(denominator)	amount
Net income	$ 24,537
Basic  EPS
Income attributable to common stockholders	$ 24,537	826,921	$  0.03
Diluted EPS
Income attributable to common stockholders	$ 24,537	826,921	$  0.03

	Year ended December 31, 2015
	Loss	Shares	Per share
	(numerator)	(denominator)	amount
Net loss	$ (494,775)
Basic  EPS
Loss attributable to common stockholders	$ (494,775)	863,999	$  (0.57)
Diluted EPS
Loss attributable to common stockholders	$ (494,775)	863,999	$  (0.57)

There were no common stock equivalents for the years December 31, 2016 and 2015.

The preferred stock is non-cumulative and the Company is restricted from paying dividends. Therefore, no effect of the preferred stock is included in the earnings per share calculations.

XML

3. Investments (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The amortized cost, gross unrealized holding gains and losses, and estimated fair value of the investment securities by major security type at December 31, 2016 and 2015 are as follows:

(In 000’s)	2016
		Gross	Gross
	Amortized	Unrealized	unrealized	Fair
	Cost	Gains	losses	Value
U.S. Government agency securities	$ 2,350	$ -	$ (82)	$ 2,268
Government Sponsored Enterprises  residential mortgage-backed securities	3,193	25	(38)	3,180
Investments in money market funds	130	-	-	130
	$ 5,673	$ 25	$ (120)	$ 5,578

	2015
		Gross	Gross
	Amortized	Unrealized	unrealized	Fair
	Cost	Gains	losses	Value
U.S. Government agency securities	$ 3,697	$ 3	$ (38)	$ 3,662
Government Sponsored Enterprises  residential mortgage-backed securities	3,774	36	(30)	3,780
Investments in money market funds	130	-	-	130
	$ 7,601	$ 39	$ (68)	$ 7,572

Schedule of Continuous Unrealized Loss Positions on Held-To-Maturity Investments

The table below indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2016 (in thousands):

	Number	Less than 12 months		12 months or longer		Total
Description of	Of	Fair	Unrealized	Fair	Unrealized	Fair	Unrealized
Securities	Securities	value	Losses	Value	Losses	value	Losses
U.S. Government
agency securities	7	$ 2,268	$ (82)	$ -	$ -	$ 2,268	$ (82)
Mortgage backed
Securities	10	2,026	(38)	-	-	2,026	(38)
Total temporarily
impaired investment
Securities	17	$ 4,294	$ (120)	$ -	$ -	$ 4,294	$ (120)

The table below indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2015 (in thousands):

	Number	Less than 12 months		12 months or longer		Total
Description of	Of	Fair	Unrealized	Fair	Unrealized	Fair	Unrealized
Securities	Securities	Value	Losses	Value	Losses	Value	Losses
U.S. Government
agency securities	9	$ 2,416	$ (32)	$ 243	$ (6)	$ 2,659	$ (38)
Mortgage backed
Securities	8	1,486	(19)	227	(11)	1,713	(30)
Total temporarily
impaired investment
Securities	17	$ 3,902	$ (51)	$ 470	$ (17)	$ 4,372	$ (68)

Schedule of Investments Classified by Contractual Maturity Date

Maturities of investment securities at December 31, 2016 were as follows. Expected maturities may differ from contractual maturities because the underlying mortgages supporting mortgage backed securities may be prepaid without any penalties. Consequently, mortgage-backed securities are not presented by maturity category.

(In 000’s)	Amortized	Fair
	Cost	Value
Due in one year	$         -	$       -
Due after one year through five years	-	-
Due after five years through ten years	2,350	2,268
Government-sponsored enterprises residential mortgage-backed securities	3,193	3,180
Total debt securities	5,543	5,448
Investments in money market funds	130	130
	$ 5,673	$ 5,578

XML

17. Summary of Quarterly Results (unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Condensed Income Statement

The following summarizes the company’s consolidated results of operations during 2016 and 2015, on a quarterly basis:

(Dollars in thousands)

	2016
	Fourth	Third	Second	First
	Quarter	Quarter	Quarter	Quarter
Interest income	$   614	$   642	$  737	$593
Interest expense	17	17	16	16
Net interest income	597	625	721	577
Provision (credit) for loan losses	(19)	(45)	30	(35)
Net interest after provision for loan losses	616	670	691	612
Noninterest income	538	392	705	288
Noninterest expense	1,146	1,162	1,080	1,099
Net income (loss)	$ 8	$(100)	$ 316	$  (199)
Basic income (loss) per common share	$ 0.01	$ (0.12)	$0.38	$ (0.24)
Diluted income (loss) per common share	$ 0.01	$ (0.12)	$0.38	$ (0.24)

(Dollars in thousands)

	2015
	Fourth	Third	Second	First
	Quarter	Quarter	Quarter	Quarter
Interest income	$   609	$   636	$  630	$712
Interest expense	17	17	17	18
Net interest income	592	619	613	694
Provision (credit) for loan losses	(51)	83	(40)	(60)
Net interest after provision for loan losses	643	536	653	754
Noninterest income	420	334	307	336
Noninterest expense	1,245	1,080	1,078	1,075
Net income (loss)	$ (182)	$ (210)	$ (118)	$  15
Basic income (loss) per common share	$ (0.21)	$ (0.24)	$(0.13)	$ 0.01
Diluted income (loss) per common share	$ (0.21)	$ (0.24)	$(0.13)	$ 0.01

XML

11. Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Fair Value of Assets on a Recurring Basis

Assets on the consolidated balance sheets measured at fair value on a recurring basis are summarized below.

(in 000’s)		Fair Value Measurements at Reporting Date Using:
	Assets/Liabilities Measured at Fair Value at	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs	Significant Unobservable Inputs
	31-Dec-16		(Level 2)	(Level 3)
Investment securities
available-for-sale:
U.S. Government agency securities	$2,268	$  -	$2,268	$    -
Government Sponsored Enterprises residential mortgage-backed securities	3,180	-	3,180
				-
Money Market Funds	130	130	-
Total	$5,578	$130	$5,448	-
Loans held for sale	$7,794	$   -	$7,794	$4,207
Loans held at fair value	$4,207	$     -	$       -	$313
Servicing asset	$313	$     -	$     -

(in 000’s)		Fair Value Measurements at Reporting Date Using:
	Assets/Liabilities Measured at Fair Value at December 31, 2015	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs  (Level 3)
Investment securities
available-for-sale:
U.S. Government agency securities	$3,662	$  -	$3,662	$    -
Government Sponsored Enterprises residential mortgage-backed securities	3,780		3,780	-
Money Market Funds	130	130	-	-
Total	$7,572	$130	$7,442	-
Loans held for sale	$3,261	$   -	$3,261	$2,459
Loans held at fair value	$2,459	$     -	$       -	$200
Servicing asset	$200	$     -	$     -

Schedule of Inputs in Estimation of Fair Value of Level 3 Financial Instruments

When estimating the fair value of our Level 3 financial instruments, management uses various observable and unobservable inputs. These inputs include estimated cashflows, prepayment speeds, average projected loss rate and discount rates as follows:

(in 000’s)

Assets measured at fair value	December 31, 2016 Fair value	December 31, 2015 Fair value	Principal valuation techniques	Significant observable inputs	December 31, 2016 Range of inputs	December 31, 2015 Range of inputs
Loans held at fair value:	$4,207	$2,459	Discounted cash flow	Constant prepayment rate	7.53% to 9.62 %	7.10% to 9.88%
				Weighted average life	3.05 yrs. to 9.95 yrs.	3.40 yrs. to 8.78 yrs.
				Discount rate	8.11% to 10.58 %	7.76% to 9.94%
				Projected default rate	0.77% to 6.64%	1.15% to 5.88%

(in 000’s)

Assets measured at fair value	December 31, 2016 Fair value	December 31, 2015 Fair Value	Principal valuation techniques	Significant observable inputs	December 31, 2016 Range of inputs	December 31, 2015 Range of inputs
Servicing asset	$313	$ 200	Discounted cash flow	Constant prepayment rate	4.89% to 9.96%	6.57% to 10.27%
				Weighted average life	3.05 yrs. to    9.70 yrs.	3.40 yrs. to  8.78 yrs.
				Weighted average discount rate	10.50% to 15.31%	11.94 % to 16.23%

The following table summarizes additional information about assets measured at fair value on a recurring basis for which level 3 inputs were utilized to determine fair value:

Loans Held at Fair Value:

(in 000’s)	2016	2015
Balance at December 31,	$   2,459	$   629
Origination of loans	2,068	2,017
Principal repayments	(324)	(185)
Change in fair value	4	(2)
Balance at December 31,	$4,207	$ 2,459

Servicing Asset:

(in 000’s)	2016	2015
Balance at December 31,	$   200	$ 47
Additions related to new loan originations	160	160
Change in fair value	(47)	(7)
Balance at December 31,	$313	$ 200

Schedule of Fair Value of Assets Measured on a Nonrecurring Basis

The following table presents the assets carried on the consolidated balance sheets by level within the fair value hierarchy as of December 31, 2016, for which a nonrecurring change in fair value has been recorded during the year ended December 31, 2016.

Carrying Value at December 31, 2016:

(in 000’s)	Total	Quoted Prices in Active markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total fair value loss during the year ended December 31, 2016
Impaired Loans	$418	-	--	$418	$  -
Other real estate owned	$ 447	-	-	$  447	$  -

The following table presents the assets and liabilities carried on the consolidated balance sheets by level within the fair value hierarchy as of December 31, 2015, for which a nonrecurring change in fair value has been recorded during the year ended December 31, 2015.

Carrying Value at December 31, 2015:

(in 000’s)	Total	Quoted Prices in Active markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total fair value  loss during the year ended December 31, 2015
Impaired Loans	$2,424	-	-	$2,424	$ -
Other real estate owned	$ 480	-	-	$  480	$  39

Schedule of Fair Value of Financial Instruments at Year-End

The fair value of financial instruments at year-end are presented below:

(in 000’s)

	Level in	2016		2015
	Value	Carrying	Fair	Carrying	Fair
Assets:	Hierarchy	Amount	Value	Amount	Value
Cash and cash equivalents	Level 1	$7,803	$7,803	$10,782	$10,782
Available for sale securities	(1)	5,578	5,578	7,572	7,572
Loans held for sale	Level 2	7,794	7,794	3,261	3,261
Loans held at fair value	Level 3	4,207	4,207	2,459	2,459
Loans, net of allowance for loan losses	(2)	26,296	26,617	33,101	33,082
Servicing asset	Level 3	313	313	200	200
Interest receivable	Level 1	141	141	175	175
Liabilities:
Demand deposits	Level 1	28,497	28,497	30,022	30,022
Savings deposits	Level 1	11,735	11,735	11,681	11,681
Time deposits	(3)	10,411	10,395	14,259	14,242
Interest Payable	Level 1	11	11	9	9

(1) Level 1 for money market funds; Level 2 for all other securities.

(2) Level 2 for non-impaired loans; Level 3 for impaired loans.

(3) Level 1 for variable rate instruments, Level 3 for fixed rate instruments/

XML

12. Consolidated Financial Information-parent Company Only

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

12. Consolidated Financial Information-parent Company Only

12. CONSOLIDATED FINANCIAL INFORMATION—PARENT COMPANY ONLY

Condensed Balance Sheets

(Dollars in thousands)	2016	2015
Assets:
Investment in United Bank of Philadelphia	$2,660	$  2,680
Total assets	$2,660	$2,680
Shareholders’ equity:
Series A preferred stock	1	1
Common stock	8	8
Additional paid-in capital	14,753	14,753
Accumulated deficit	(12,038)	(12,063)
Net unrealized holding losses on securities available-for-sale	(64)	(19)
Total shareholders’ equity	$2,660	$2,680

Condensed Statements of Operations

Years ended December 31,
(Dollars in thousands)	2016	2015
Equity in net loss of subsidiary	$ 25	$ (495)
Net loss	$ 25	$ (495)

Condensed Statements of Cash Flows
	Years ended December 31,
	(Dollars in thousands)	2016	2015
	Cash flows from operating activities:
	Net income (loss)	$ 25	$ (495)
	Adjustments:
	Equity in net income (loss) of subsidiary	(25)	495
	Net cash used in operating activities	-	-
	Cash and cash equivalents at beginning of year	-	-
	Cash and cash equivalents at end of year	$ -	$ -

XML

4. Loans and Allowance For Loan Losses

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

4. Loans and Allowance For Loan Losses

4. LOANS AND ALLOWANCE FOR LOAN LOSSES

The composition of the net loans is as follows:

	December 31,	December 31,
(In 000's)	2016	2015
Commercial and industrial:
Commercial	$               890	$               1,535
SBA loans	-	40
Asset-based	1,259	1,487
Total commercial and industrial	2,149	3,062
Commercial real estate:
Commercial mortgages	11,385	13,774
SBA loans	255	353
Construction	542	2,175
Religious organizations	9,306	10,112
Total commercial real estate	21,488	26,414
Consumer real estate:
Home equity loans	799	897
Home equity lines of credit	19	20
1-4 family residential mortgages	1,414	1,924
Total consumer real estate	2,232	2,841
Consumer and other:
Student loans	855	1,081
Other	111	121
Total consumer and other	966	1,202
Allowance for loan losses	(300)	(418)
Loans, net	$            26,535	$            33,101

At December 31, 2016 and 2015, the unearned discount totaled $10,857 and $22,272, respectively, and is included in the related loan accounts.

Loan Origination/Risk Management. The Bank has lending policies and procedures in place to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with periodic reports related to loan origination, asset quality, concentrations of credit, loan delinquencies and non-performing and emerging problem loans. Diversification in the portfolio is a means of managing risk with fluctuations in economic conditions.

Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to operate prudently to service the projected debt. Once it is determined that the borrower’s management possesses sound ethics and solid business acumen, the Bank’s management examines current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial and industrial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and collateral securing these loans may fluctuate in value. Most commercial and industrial loans are secured by the assets being financed or other business assets such as accounts receivable. The Bank may also seek credit enhancements for commercial and industrial loans from the Small Business Administration, Department of Transportation or other available programs. Generally, the Bank utilizes an advance formula for loans secured by eligible accounts receivable and other available programs to mitigate risk.

Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans. These loans are viewed as cash flow loans first and secondarily as loans secured by real estate. Commercial real estate loans typically have higher principal amounts and the repayment of these loans is dependent on the successful operation of property securing the loan or business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The Bank tracks the level of owner occupied versus non-owner occupied loans. Typically, owner-occupied real estate loans represent less risk for the Bank.

The Bank’s commercial real estate loans are largely concentrated in loans to religious organizations. These loans are generally made to these organizations are primarily for expansion and repair of church facilities (construction loans). The source of repayment is viewed as cash flow from tithes and offerings and secondarily as loans secured by real estate.

The Bank’s construction lending has primarily involved lending for construction of commercial properties although the Bank does lend funds for construction of single-family residences. Construction loans are underwritten utilizing feasibility studies, independent appraisals, analysis of lease rates, and the financial analysis of the developers and property owners. Construction loans are generally based upon estimates of costs and value associated with the complete project. These estimates can be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Loan proceeds are disbursed during the construction phase according to a draw schedule based on the stage of completion. Construction projects are inspected by contracted inspectors or bank personnel. These loans are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, regulations of real property, general economic conditions and the availability of long-term financing.

Consumer loans are underwritten after an analysis of the borrower’s past and present financial information including credit score, personal financial statements, tax returns and other information deemed necessary to calculate debt service ratios that determine the ability of a borrower to repay the loan. Minimum debt service ratios have been established by policy. Underwriting standards for home equity loans are also heavily influenced by statutory requirements, which include, but are not limited to, a maximum loan-to-value percentage of 80% and documentation requirements.

The Bank performs an annual loan review by an independent third party firm that reviews and validates the credit risk program. The results of these reviews are presented to the board and management. The loan review process reinforces the risk identification and assessment decisions made by lenders and credit administration personnel, as well as the Bank’s policies and procedures.

Concentrations of Credit. The Bank’s loan portfolio is concentrated in commercial real estate and commercial and industrial loans. Approximately $18.2 million of these loans are secured by owner occupied commercial real estate as of December 31, 2016. The Bank continues to have a significant concentration in lending to religious organizations for which total loans at December 31, 2016 were $9 million, or 35%, of the loan portfolio.

Related Party Loans. In the ordinary course of business, the Bank granted loans to certain directors, executive officers and their affiliates (collectively referred to as “related parties”). These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other unaffiliated persons and do not involve more than normal risk of collectability. Disaffiliations include directors who do not stand for re-election and are no longer affiliated with the Bank. Activity in related party loans is presented in the following table.

	2016	2015
Balance outstanding at December 31,	$ 775,078	$ 845,477
Principal additions (affiliations)	159,974	-
Disaffiliations	-	-
Principal reductions	(68,118)	(70,399)
Balance outstanding at December 31,	$ 866,934	$ 775,078

Non-accrual and Past Due Loans. Loans are considered past due if the required principal and interest payments have not been received 30 days as of the date such payments were due. The Bank generally places a loan on non-accrual status when interest or principal is past due 90 days or more unless the loan is well secured and in the process of collection. If it otherwise appears doubtful that the loan will be repaid, management may place the loan on nonaccrual status before the lapse of 90 days. Interest on loans past due 90 days or more ceases to accrue except for loans that are well collateralized and in the process of collection. When a loan is placed on nonaccrual status, previously accrued and unpaid interest is reversed out of income. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

An age analysis of past due loans, segregated by class of loans, as of December 31, 2016 is as follows:

(In 000's)		Accruing
	Loans	Loans 90 or
	30-89 Days	More Days		Total Past	Current
	Past Due	Past Due	Nonaccrual	Due Loans	Loans	Total Loans
Commercial and industrial:
Commercial	$ -	$ -	$ 33	$ 33	$ 857	$ 890
SBA loans	-	-	-	-	-	-
Asset-based	27	243	75	345	914	1,259
Total commercial and industrial	27	243	108	378	1,771	2,149
Commercial real estate:
Commercial mortgages	-	11	1,270	1,281	10,104	11,385
SBA loans	-	162	93	255	-	255
Construction	-	-	-	-	542	542
Religious organizations	110	-	196	306	9,000	9,306
Total commercial real estate	110	173	1,559	1,842	19,646	21,488
Consumer real estate:
Home equity loans	-	153	345	498	301	799
Home equity lines of credit	-	-	-	-	19	19
1-4 family residential mortgages	59	-	75	134	1,280	1,414
Total consumer real estate	59	153	420	632	1,600	2,232
Consumer and other:
Student loans	38	61	-	99	756	855
Other	-	1	-	1	110	111
Total consumer and other	38	62	-	100	866	966
Total loans	$ 234	$ 631	$ 2,087	$ 2,952	$ 23,883	$ 26,835

An age analysis of past due loans, segregated by class of loans, as of December 31, 2015 is as follows:

(In 000's)		Accruing
	Loans	Loans 90 or
	30-89 Days	More Days		Total Past	Current
	Past Due	Past Due	Nonaccrual	Due Loans	Loans	Total Loans
Commercial and industrial:
Commercial	$ -	$ -	$ 110	$ 110	$ 1,425	$ 1,535
SBA loans	-	-	40	40	-	40
Asset-based	11	-	289	300	1,187	1,487
Total Commercial and industrial	11	-	439	450	2,612	3,062
Commercial real estate:
Commercial mortgages	169	39	1,335	1,543	12,231	13,774
SBA loans	-	-	271	271	82	353
Construction	-	-	-	-	2,175	2,175
Religious organizations	-	-	471	471	9,641	10,112
Total Commercial real estate	169	39	2,077	2,285	24,129	26,414
Consumer real estate:
Home equity loans	56	125	358	539	358	897
Home equity lines of credit	-	-	-	-	20	20
1-4 family residential mortgages	35	-	129	164	1,760	1,924
Total consumer real estate	91	125	487	703	2,138	2,841
Total real estate	260	164	2,564	2,988	26,267	29,255
Consumer and other:
Student loans	66	129	-	195	886	1,081
Other	2	-	-	2	119	121
Total consumer and other	68	129	-	197	1,005	1,202
Total loans	$ 339	$ 293	$ 3,003	$ 3,635	$ 29,884	$ 33,519

Impaired Loans. The Bank identifies a loan as impaired when it is probable that interest and principal will not be collected according to the contractual terms of the loan agreement. The Bank recognizes interest income on impaired loans under the cash basis when the collateral on the loan is sufficient to cover the outstanding obligation to the Bank. If these factors do not exist, the Bank will record interest payments on the cost recovery basis.

In accordance with guidance provided by ASC 310-10, Accounting by Creditors for Impairment of a Loan, management employs one of three methods to determine and measure impairment: the Present Value of Future Cash Flow Method; the Fair Value of Collateral Method; or the Observable Market Price of a Loan Method. To perform an impairment analysis, the Company reviews a loan’s internally assigned grade, its outstanding balance, guarantors, collateral, strategy, and a current report of the action being implemented. Based on the nature of the specific loans, one of the impairment methods is chosen for the respective loan and any impairment is determined, based on criteria established in ASC 310-10.

The Company records partial charge-offs of impaired loans when the impairment is deemed permanent and is considered a loss. To date, these charge-offs have only included the unguaranteed portion of Small Business Administration (“SBA”) loans. Specific reserves are allocated to cover “other-than-permanent” impairment for which the underlying collateral value may fluctuate with market conditions. In 2016 and 2015, the Bank made partial charge-offs totaling approximately $41,000 and $212,000, respectively, related several impaired commercial real estate loans. Consumer real estate and other loans are not individually evaluated for impairment, but collectively evaluated, because they are pools of smaller balance homogeneous loans.

Year-end 2016 impaired loans are set forth in the following table.

(In 000’s)	Unpaid Contractual	Recorded Investment	Recorded Investment	Total		Average	Interest recognized
	Principal	With No	With	Recorded	Related	Recorded	on impaired
	Balance	Allowance	Allowance	Investment	Allowance	Investment	loans
Commercial and industrial:
Commercial	$ 33	$ 33	$ -	$ 33	$ -	$ 33	$ -
SBA	-	-	-	-	-	36	-
Asset based	319	319	-	319	-	361	-
Total Commercial and industrial	352	352	-	352	-	430	-
Commercial real estate:
Commercial mortgages	1,321	808	473	1,281	54	1,303	19
SBA  Loans	255	255	-	255	-	262	7
Religious Organizations	195	195	-	195	-	273	-
Total Commercial real estate	1,771	1,258	473	1,731	54	1,838	26
Total Loans	$ 2,123	$ 1,610	$ 473	$ 2,083	$ 54	$ 2,268	$ 26

Year-end 2015 impaired loans are set forth in the following table.

(In 000’s)	Unpaid Contractual	Recorded Investment	Recorded Investment	Total		Average	Interest recognized
	Principal	With No	With	Recorded	Related	Recorded	on impaired
	Balance	Allowance	Allowance	Investment	Allowance	Investment	loans
Commercial and industrial:
Commercial	$ 818	$ 353	$ -	$ 353	$ -	$ 446	$ -
SBA  loans	46	-	46	46	-	38	2
Asset-based	40	40	-	40	-	54	2
Total Commercial and industrial	904	393	46	439	-	538	4
Commercial real estate:
Commercial mortgages	1,334	810	524	1,334	91	579	9
SBA  Loans	271	271	-	271	-	161	2
Religious Organizations	471	471	-	471	-	630	2
Total Commercial real estate	2,076	1,552	524	2,076	91	1,370	13
Total Loans	$ 2,980	$ 1,945	$ 570	$ 2,515	$ 91	$ 1,908	$ 17

Credit Quality Indicators. For commercial loans, management uses internally assigned risk ratings as the best indicator of credit quality. Each loan’s internal risk weighting is assigned at origination and updated at least annually and more frequently if circumstances warrant a change in risk rating. The Bank uses a 1 through 8 loan grading system that follows regulatory accepted definitions as follows:

· Risk ratings of “1” through “3” are used for loans that are performing and meet and are expected to continue to meet all of the terms and conditions set forth in the original loan documentation and are generally current on principal and interest payments. Loans with these risk ratings are reflected as “Good/Excellent” and “Satisfactory” in the following table.

· Risk ratings of “4” are assigned to “Pass/Watch” loans which may require a higher degree of regular, careful attention. Borrowers may be exhibiting weaker balance sheets and positive but inconsistent cash flow coverage. Borrowers in this classification generally exhibit a higher level of credit risk and are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. Loans with this rating would not normally be acceptable as new credits unless they are adequately secured and/or carry substantial guarantors. Loans with this rating are reflected as “Pass” in the following table.

· Risk ratings of “5” are assigned to “Special Mention” loans that do not presently expose the Bank to a significant degree of risks, but have potential weaknesses/deficiencies deserving Management’s closer attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. No loss of principal or interest is envisioned. Borrower is experiencing adverse operating trends, which potentially could impair debt, services capacity and may necessitate restructuring of credit. Secondary sources of repayment are accessible and considered adequate to cover the Bank's exposure. However a restructuring of the debt should result in repayment. The asset is currently protected, but is potentially weak. This category may include credits with inadequate loan agreements, control over the collateral or an unbalanced position in the balance sheet which has not reached a point where the liquidation is jeopardized but exceptions are considered material. These borrowers would have limited ability to obtain credit elsewhere.

· Risk ratings of “6” are assigned to ‘Substandard” loans which are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Assets must have a well-defined weakness. They are characterized by the distinct possibility that some loss is possible if the deficiencies are not corrected. The borrower’s recent performance indicated an inability to repay the debt, even if restructured. Primary source of repayment is gone or severely impaired and the Bank may have to rely upon the secondary source. Secondary sources of repayment (e.g., guarantors and collateral) should be adequate for a full recovery. Flaws in documentation may leave the bank in a subordinated or unsecured position when the collateral is needed for the repayment.

· Risk ratings of “7” are assigned to “Doubtful” loans which have all the weaknesses inherent in those classified “Substandard” with the added characteristic that the weakness makes the collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. The borrower's recent performance indicates an inability to repay the debt. Recovery from secondary sources is uncertain. The possibility of a loss is extremely high, but because of certain important and reasonably- specific pending factors, its classification as a loss is deferred.

· Risk rating of “8” are assigned to “Loss” loans which are considered non-collectible and do not warrant classification as active assets. They are recommended for charge-off if attempts to recover will be long term in nature. This classification does not mean that an asset has no recovery or salvage value, but rather, that it is not practical or desirable to defer writing off the loss, although a future recovery may be possible. Loss should always be taken in the period in which they surface and are identified as non-collectible as a result there is no tabular presentation.

For consumer and residential mortgage loans, management uses performing versus nonperforming as the best indicator of credit quality. Nonperforming loans consist of loans that are not accruing interest (nonaccrual loans) as a result of principal or interest being in default for a period of 90 days or more or when the ability to collect principal and interest according to contractual terms is in doubt as well as loans that are 90 days or more past due and have not been placed on nonaccrual. These credit quality indicators are updated on an ongoing basis. A loan is placed on nonaccrual status as soon as management believes there is doubt as to the ultimate ability to collect interest on a loan.

The tables below detail the Bank’s loans by class according to their credit quality indictors discussed above.

(In 000's)			Commercial Loans, December 31, 2016
	Good/ Excellent	Satisfactory	Pass	Special        Mention	Substandard	Doubtful	Total
Commercial and industrial:
Commercial	$ 260	$ 331	$ 9	$ 38	$ 252	$ -	$ 891
SBA loans	-	-	-	-	-	-	-
Asset-based	-	742	198	-	243	76	1,259
	260	1,073	207	38	495	76	2,149
Commercial real estate:
Commercial mortgages	-	8,193	1,375	537	1,059	221	11,385
SBA Loans	-	2	-	160	93	-	255
Construction	-	542	-	-	-	-	515
Religious organizations	49	8,201	751	109	196	-	9,306
	49	16,938	2,126	806	1,348	221	21,488
Total commercial loans	$ 309	$ 18,011	$ 2,333	$ 844	$ 1,843	$ 297	$ 23,637

		Residential Mortgage and Consumer Loans December 31, 2016
	Performing	Nonperforming	Total
Consumer Real Estate:
Home equity	$ 301	$ 498	$ 799
Home equity line of credit	19	-	19
1-4 family residential mortgages	1,339	75	1,414
	1,659	573	2,232
Consumer Other:
Student loans	794	61	855
Other	110	1	111
	904	62	966
Total  consumer loans	$ 2,563	$ 635	$ 3,198

(In 000's)			Commercial Loans, December 31, 2015
	Good/ Excellent	Satisfactory	Pass	Special Mention	Substandard	Doubtful	Total
Commercial and industrial:
Commercial	$ 285	$ 922	$ 16	$ 58	$ 254	$ -	$ 1,535
SBA loans	-	-	-	-	40	-	40
Asset-based	-	900	222	-	289	76	1,487
	285	1,822	238	58	583	76	3,062
Commercial real estate:
Commercial mortgages	-	10,689	1,098	613	1,151	223	13,774
SBA Loans	-	82	-	-	271	-	353
Construction	-	2,175	-	-	-	-	2,175
Religious organizations	-	7,624	1,131	886	471	-	10,112
	-	20,570	2,229	1,499	1,893	223	26,414
Total commercial loans	$ 285	$ 22,393	$ 2,467	$ 1,557	$ 2,476	$ 299	$ 29,476

		Residential Mortgage and Consumer Loans December 31, 2015
	- Performing/Nonperforming
	Performing	Nonperforming	Total
Consumer Real Estate:
Home equity	$ 539	$ 358	$ 897
Home equity line of credit	20	-	20
1-4 family residential mortgages	1,795	129	1,924
	2,354	487	2,841
Consumer Other:
Student loans	1,081	-	1,081
Other	121	-	121
	1,202	-	1,202
Total  consumer loans	$ 3,556	$ 487	$ 4,043

Allowance for loan losses. The determination of the allowance for loan losses involves a higher degree of judgment and complexity than its other significant accounting policies. The allowance is the accumulation of three components that are calculated based on various independent methodologies that are based on management’s estimates. The three components are as follows:

• Specific Loan Evaluation Component – Includes the specific evaluation of impaired loans.

• Historical Charge-Off Component – Applies a rolling, eight-quarter historical charge-off rate to all pools of non-classified loans.

• Qualitative Factors Component – The loan portfolio is broken down into multiple homogenous sub classifications, upon which multiple factors (such as delinquency trends, economic conditions, concentrations, growth/volume trends, and management/staff ability) are evaluated, resulting in an allowance amount for each of the sub classifications. The sum of these amounts comprises the Qualitative Factors Component.

All of these factors may be susceptible to significant change. During 2016, the Bank reduced several of its qualitative factors in the commercial real estate segment of the loan portfolio for which it has not experienced losses or charge-offs. Also, because the Bank is generally not originating commercial and industrial loans, the growth/volume trend factor was reduced. In general, because of the improving economy, the economic conditions factor was reduced for all categories of loans. To the extent actual outcomes differ from management’s estimates, additional provisions for loan losses may be required that would adversely impact earnings in future periods.

During 2015, the Bank reduced several of its qualitative factors in the commercial real estate segment of the loan portfolio for which it has not experienced losses or charge-offs. In addition, the average historical loss factors increased for the commercial and industrial segment of the portfolio as a result of a $212,000 charge-off during the year. To the extent actual outcomes differ from management’s estimates, additional provisions for loan losses may be required that would adversely impact earnings in future periods.

 

According to the Bank’s policy, a loss (“charge-off”) is to be recognized and charged to the allowance for loan losses as soon as a loan is recognized as uncollectible. All credits that are 90 days or more past due must be analyzed for the Bank’s ability to collect the outstanding principal and/or interest. Once a loss is known to exist, the charge-off approval process must be followed for all loan types. An analysis of the activity in the allowance for loan losses for the years 2016 and 2015 is as follows:

(in 000's)		Year to Date ended December 31, 2016
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Beginning balance	$ 151	$ 250	$ 8	$ 9	$ -	$ -	$ 418
Provision for possible loan losses	(87)	(30)	15	1	$ (101)	32	(69)
Charge-offs	-	(41)	(22)	(5)	-	-	(68)
Recoveries	4	-	9	6	-	-	19
Net charge-offs	4	(41)	(13)	1	-	-	(49)
Ending balance	$ 68	$ 179	$ 10	$ 11	$ (101)	$ 32	$ 300

(in 000's)		Year to Date ended December31,2015
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Beginning balance	$ 403	$ 300	$ 20	$ 12	$ -	$ -	$ 735
Provision for possible loan losses	3	(47)	(18)	(6)	-	-	(68)
Charge-offs	(259)	(3)	-	(17)	-	-	(279)
Recoveries	4		6	20	-	-	30
Net charge-offs	(255)	(3)	6	3	-	-	(249)
Ending balance	$ 151	$ 250	$ 8	$ 9	$ -	$ -	$ 418

(in 000's)		Year to Date ended December31,2015
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Period-end amount allocated to:
Loans indivdually evaluated for impairment	$ -	$ 54	$ -	$ -	$ -	$ -	$ 54
Loans collectively  evaluated for impairment	68	125	10	11		32	246
	$ 68	$ 179	$ 10	$ 11	$ -	$ 32	$ 300
Loans, ending balance:
Loans indivdually evaluated for impairment	$ 352	$ 1,731	$ -	$ -	$ -	$ -	$               2,083
Loans collectively  evaluated for impairment	1,797	19,757	2,232	966		$ -	24,752
Total	$ 2,149	$ 21,488	$ 2,232	$ 966	$ -	$ -	$             26,835

(in 000's)		Year to Date ended December31,2015
	Commercial and industrial	Commercial real estate	Consumer real estate	Consumer loans other	Unallocated	Unallocated	Total
Period-end amount allocated to:
Loans indivdually evaluated for impairment	$ 9	$ 47	$ -	$ -	$ -	$ -	$                    56
Loans collectively  evaluated for impairment	167	164	22	9		-	362
	$ 176	$ 211	$ 22	$ 9	$ -	$ -	$                  418
Loans, ending balance:
Loans indivdually evaluated for impairment	$ 439	$ 2,076	$ -	$ -	$ -	$ -	$               2,515
Loans collectively  evaluated for impairment	2,623	24,338	2,841	1,202		0	31,004
Total	$ 3,062	$ 26,414	$ 2,841	$ 1,202	$ -	$ -	$             33,519

Troubled debt restructurings (“TDRs”). TDRs occur when a creditor, for economic or legal reasons related to a debtor’s financial condition, grants a concession to the debtor that it would not otherwise consider, such as a below market interest rate, extending the maturity of a loan, or a combination of both. The Company made modifications to certain loans in its commercial loan portfolio that included the term out of lines of credit to begin the amortization of principal. The terms of these loans do not include any financial concessions and are consistent with the current market. Management reviews all loan modifications to determine whether the modification qualifies as a TDR (i.e. whether the creditor has been granted a concession or is experiencing financial difficulties). Based on this review and evaluation, none of the loans modified during 2016 and 2015 met the criteria of a TDR. In addition, the Company had no loans classified as TDRs at December 31, 2016 and 2015.

XML

8. Borrowings

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

8. Borrowings

8. BORROWINGS

At December 31, 2016, the Bank has the ability to borrow up to $700,000 on a fully secured basis at the Discount Window of the Federal Reserve Bank for which the Bank currently has $750,000 in securities pledged. As of December 31, 2016 and 2015, the Bank had no borrowings outstanding.

XML

15. SUBSEQUENT EVENTS (Details) - Subsequent Event - USD ($)	1 Months Ended
	Mar. 31, 2017	Apr. 30, 2019
Tier 1 capital ratio	5.53%	7.80%
Fulton Financial
Proceeds from preferred stock issuance	$ 675,000

XML

12. Consolidated Financial Information-parent Company Only: Schedule of Condensed Income Statement (Details) - Parent Company - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Equity in net loss of subsidiary	$ 25	$ (495)
Net loss	$ 25	$ (495)

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net loss	$ 24,537	$ (494,775)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Credit to provision for loan losses	(69,000)	(68,000)
Net loss on sale of other real estate	3,239	16,848
Gain on sale of loans	(732,411)	(410,040)
Amortization of premiums on investments	13,839	16,996
Depreciation on fixed assets	190,334	177,987
Write-up of other real estate owned	0	(39,294)
Loans originated for sale	(13,162,229)	(4,721,164)
Proceeds from sale of loans held-for-sale	7,979,932	6,433,243
Amortization of servicing asset	46,693	0
Net change in fair value of financial instruments	(365,900)	(232,797)
Increase in accrued interest receivable and other assets	(55,608)	(178,507)
(Decrease) increase in accrued interest payable and other liabilities	(31,782)	20,759
Net cash (used in) provided by operating activities	(6,158,356)	521,256
Cash flows from investing activities:
Purchase of available-for-sale investment securities	(4,099,785)	(1,200,118)
Proceeds from maturities, calls and principal reductions of available-for-sale investment securities	6,013,572	2,144,881
Net decrease in loans	6,634,598	6,946,054
Proceeds from sale of other real estate owned	29,017	254,603
Purchase of bank premises and equipment	(78,075)	(121,251)
Net cash provided by investing activities	8,499,327	8,024,169
Cash flows from financing activities:
Net decrease in deposits	(5,320,238)	(999,909)
Net cash used in financing activities	(5,320,238)	(999,909)
Net (decrease) increase in cash and cash equivalents	(2,979,267)	7,545,516
Cash and cash equivalents at beginning of year	10,782,098	3,236,582
Cash and cash equivalents at end of year	7,802,831	10,782,098
Supplemental disclosure of cash flow information:
Cash paid during the year for interest	64,133	71,176
Noncash transfer of loans to other real estate owned	$ 0	$ 148,241

XML

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets:
Cash and due from banks	$ 2,262,491	$ 2,107,359
Interest-bearing deposits with banks	311,340	310,739
Federal funds sold	5,229,000	8,364,000
Cash and cash equivalents	7,802,831	10,782,098
Investment securities, available-for-sale, at fair value	5,578,159	7,572,029
Loans held for sale, at fair value	7,793,785	3,260,761
Loans held at fair value	4,207,338	2,458,930
Loans, net of unearned discounts and deferred fees	26,835,035	33,519,042
Less allowance for loan losses	(300,428)	(418,013)
Net loans	26,534,607	33,101,029
Bank premises and equipment, net	380,471	492,730
Accrued interest receivable	141,453	175,416
Other real estate owned	447,371	479,627
Servicing asset	312,814	199,781
Prepaid expenses and other assets	413,542	461,837
Total assets	53,612,371	58,984,238
Liabilities:
Demand deposits, noninterest-bearing	14,797,174	16,417,150
Demand deposits, interest-bearing	13,699,578	13,605,888
Savings deposits	11,734,512	11,680,878
Time deposits, under $250,000	4,776,622	7,505,729
Time deposits, $250,000 and over	5,634,280	6,752,759
Total deposits	50,642,166	55,962,404
Accrued interest payable	10,997	9,157
Accrued expenses and other liabilities	299,293	332,915
Total liabilities	50,952,456	56,304,476
Shareholders' equity:
Series A preferred stock, noncumulative, 6%, $0.01 par value, 500,000 shares authorized; 99,342 issued and outstanding	993	993
Common stock, $0.01 par value; 2,000,000 shares authorized; 826,921 issued and outstanding	8,269	8,269
Additional paid-in-capital	14,752,644	14,752,644
Accumulated deficit	(12,038,281)	(12,062,818)
Accumulated other comprehensive loss	(63,710)	(19,326)
Total shareholders' equity	2,659,915	2,679,762
Total liabilities and shareholders' equity	$ 53,612,371	$ 58,984,238

XML

5. Bank Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Depreciation on fixed assets	$ 190,334	$ 177,987
Operating Leases, Rent Expense	$ 471,540	$ 481,721

XML

6. Other Real Estate Owned: Schedule of Change in Other Real Estate Owned (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Other Real Estate, Beginning Balance	$ 479,627	$ 564,000
Additions, transfers from loans	0	148,000
Sales	(33,000)	(271,000)
Other Real Estate, Period Increase (Decrease)	496,000	441,000
Less: write-downs	0	39,000
Other Real Estate, Ending Balance	$ 447,371	$ 479,627

XML

4. Loans and Allowance For Loan Losses: Schedule of Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Unpaid Contractual Principal Balance	$ 2,123	$ 2,980
Recorded Investment With No Allowance	1,610	1,945
Recorded Investment With Allowance	473	570
Total Recorded Investment	2,083	2,515
Related Allowance	54	91
Average Recorded Investment	2,268	1,908
Interest recognized on impaired loans	26	17
Commercial And Industrial
Unpaid Contractual Principal Balance	352	904
Recorded Investment With No Allowance	352	393
Recorded Investment With Allowance	0	46
Total Recorded Investment	352	439
Related Allowance	0	0
Average Recorded Investment	430	538
Interest recognized on impaired loans	0	4
Commercial Real Estate Portfolio Segment
Unpaid Contractual Principal Balance	1,771	2,076
Recorded Investment With No Allowance	1,258	1,552
Recorded Investment With Allowance	473	524
Total Recorded Investment	1,731	2,076
Related Allowance	54	91
Average Recorded Investment	1,838	1,370
Interest recognized on impaired loans	26	13
Commercial | Commercial And Industrial
Unpaid Contractual Principal Balance	33	818
Recorded Investment With No Allowance	33	353
Recorded Investment With Allowance	0	0
Total Recorded Investment	33	353
Related Allowance	0	0
Average Recorded Investment	33	446
Interest recognized on impaired loans	0	0
S B A Loans | Commercial And Industrial
Unpaid Contractual Principal Balance	0	46
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	46
Total Recorded Investment	0	46
Related Allowance	0	0
Average Recorded Investment	36	38
Interest recognized on impaired loans	0	2
S B A Loans | Commercial Real Estate Portfolio Segment
Unpaid Contractual Principal Balance	255	271
Recorded Investment With No Allowance	255	271
Recorded Investment With Allowance	0	0
Total Recorded Investment	255	271
Related Allowance	0	0
Average Recorded Investment	262	161
Interest recognized on impaired loans	7	2
Asset Based Loans | Commercial And Industrial
Unpaid Contractual Principal Balance	319	40
Recorded Investment With No Allowance	319	40
Recorded Investment With Allowance	0	0
Total Recorded Investment	319	40
Related Allowance	0	0
Average Recorded Investment	361	54
Interest recognized on impaired loans	0	2
Commercial Mortgages | Commercial Real Estate Portfolio Segment
Unpaid Contractual Principal Balance	1,321	1,334
Recorded Investment With No Allowance	808	810
Recorded Investment With Allowance	473	524
Total Recorded Investment	1,281	1,334
Related Allowance	54	91
Average Recorded Investment	1,303	579
Interest recognized on impaired loans	19	9
Religious Organizations | Commercial Real Estate Portfolio Segment
Unpaid Contractual Principal Balance	195	471
Recorded Investment With No Allowance	195	471
Recorded Investment With Allowance	0	0
Total Recorded Investment	195	471
Related Allowance	0	0
Average Recorded Investment	273	630
Interest recognized on impaired loans	$ 0	$ 2

XML

4. Loans and Allowance For Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loans and Leases Receivable, Deferred Income	$ 253,139	$ 52,909
Unearned discount	10,857	22,272
Commercial real estate	21,488,000	26,414,000
Commercial And Industrial
Net Credit Loss on Loans Managed or Securitized or Asset-backed Financing Arrangement	41,000	$ 212,000
Religious Organizations
Commercial real estate	$ 9,000,000
Loans Receivable Portfolio Percentage (by segment)	35.00%
Owner Occupied
Commercial real estate	$ 18,200,000

XML

3. Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Held-to-maturity Securities, Gross Gains (Losses), Derivatives		$ 0
Proceeds from sale of available-for sale investment securities	$ 0	0
Held-to-maturity Securities Pledged as Collateral	4,432,000	7,076,000
US Government Agency Securities
Held-to-maturity Securities	$ 5,450,000	$ 1,600,000

XML

9. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets (liabilities):
Provision for loan losses	$ 36,000	$ 46,000
Unrealized (loss) gain on investment securities	(32,000)	10,000
Depreciation	(36,000)	(36,000)
Net operating carryforwards	3,578,000	3,538,000
Other, net	326,000	386,000
Valuation allowance for deferred tax assets	(3,904,000)	(3,934,000)
Net deferred tax assets	$ (32,000)	$ 10,000

XML

11. Fair Value: Schedule of Fair Value of Assets on a Recurring Basis (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets Measured at Fair Value	$ 5,578,000	$ 7,572,000
Loans held for sale, at fair value	7,793,785	3,260,761
Loans held at fair value	4,207,338	2,458,930
Servicing asset	312,814	199,781
Fair Value, Inputs, Level 1
Assets Measured at Fair Value	130,000	130,000
Loans held for sale, at fair value	0	0
Loans held at fair value	0	0
Servicing asset	0	0
Fair Value, Inputs, Level 2
Assets Measured at Fair Value	5,448,000	7,442,000
Loans held for sale, at fair value	7,794,000	3,261,000
Loans held at fair value	0	0
Servicing asset	0	0
Fair Value, Inputs, Level 3
Assets Measured at Fair Value	0	0
Loans held for sale, at fair value	0	0
Loans held at fair value	4,207,000	2,459,000
Servicing asset	313,000	200,000
US Government Agency Securities
Assets Measured at Fair Value	2,268,000	3,662,000
US Government Agency Securities | Fair Value, Inputs, Level 1
Assets Measured at Fair Value	0	0
US Government Agency Securities | Fair Value, Inputs, Level 2
Assets Measured at Fair Value	2,268,000	3,662,000
US Government Agency Securities | Fair Value, Inputs, Level 3
Assets Measured at Fair Value	0	0
Government Sponsored Enterprises residential mortgage-backed securities
Assets Measured at Fair Value	3,180,000	3,780,000
Government Sponsored Enterprises residential mortgage-backed securities | Fair Value, Inputs, Level 1
Assets Measured at Fair Value	0	0
Government Sponsored Enterprises residential mortgage-backed securities | Fair Value, Inputs, Level 2
Assets Measured at Fair Value	3,180,000	3,780,000
Government Sponsored Enterprises residential mortgage-backed securities | Fair Value, Inputs, Level 3
Assets Measured at Fair Value	0	0
Investments in money market funds
Assets Measured at Fair Value	130,000	130,000
Investments in money market funds | Fair Value, Inputs, Level 1
Assets Measured at Fair Value	130,000	130,000
Investments in money market funds | Fair Value, Inputs, Level 2
Assets Measured at Fair Value	0	0
Investments in money market funds | Fair Value, Inputs, Level 3
Assets Measured at Fair Value	$ 0	$ 0

XML

14. Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

14. Commitments and Contingencies

14. COMMITMENTS AND CONTINGENCIES

The Bank is a defendant in certain claims and legal actions arising in the ordinary course of business. In the opinion of management, after consultation with legal counsel, the ultimate disposition of these matters is not expected to have a material adverse effect on the consolidated financial condition of the Company.

XML

1. Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2016

Policy Text Block [Abstract]

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank. All significant intercompany transactions and balances have been eliminated.

Management's Use of Estimates

Management’s Use of Estimates

The preparation of the financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates which are particularly susceptible to significant change in the near term relate to the fair value of investment securities, the determination of the allowance for loan losses, the fair value of loans held at fair value, valuation allowance for deferred tax assets, the carrying value of other real estate owned, the determination of other than temporary impairment for securities.

Marketing and Advertising

Marketing and Advertising

Marketing and advertising costs are expensed as incurred.

Statement of Cash Flows

Statement of Cash Flows

For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, interest bearing deposits with banks that mature within 90 days and federal funds sold on an overnight basis. Changes in loans made to and deposits received from customers are reported on a net basis.

Securities

Securities

Bonds, notes, and debentures for which the Company has both the positive intent and ability to hold to maturity are classified as held-to-maturity and carried at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Investment securities that would be held for indefinite periods of time but not necessarily to maturity, including securities that would be used as part of the Bank’s asset/liability management strategy and possibly sold in response to changes in interest rates, prepayments and similar factors are classified as “Available for Sale.” These securities are carried at fair value, with any temporary unrealized gains or losses reported as a separate component of other comprehensive loss, net of the related income tax effect. Gains and losses on the sale of such securities are accounted for on the specific identification basis in the statements of operations on the trade date.

If transfers between the available-for-sale and held-to-maturity portfolios occur, they are accounted for at fair value and unrealized holding gains and losses are accounted for at the date of transfer. For securities transferred to available-for-sale from held-to-maturity, unrealized gains and losses as of the date of the transfer are recognized in accumulated other comprehensive loss as a separate component of shareholders’ equity. For securities transferred into the held-to-maturity portfolio from available-for-sale, unrealized gains and losses as of the date of the transfer continue to be reported in accumulated other comprehensive loss, and are amortized over the remaining life of the security as an adjustment to its yield, consistent with amortization of the premium or accretion of the discount.

Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concern warrants such evaluation. Declines in the fair value of individual debt securities below their cost that are deemed to be other than temporary result in write-downs of the individual securities to their fair value. Debt securities that are deemed to be other-than-temporarily impaired are reflected in earnings as realized losses to the extent impairment is related to credit losses. The amount of the impairment for debt securities related to other factors is recognized in other comprehensive loss. In evaluating whether impairment is temporary or other-than-temporary, management first considers whether the Bank intends to sell the security or it is more-likely-than-not that the Bank will be required to sell the security prior to recovery. In these circumstances, the loss is determined to be other-than-temporary and the difference between the security’s fair value and its amortized cost is reflected as a loss in the statement of operations. If management does not intend to sell the security and likely will not be required to sell the security prior to forecasted recovery, management evaluates whether it expects to recover the entire amortized cost of the debt security or if there is a credit loss. In evaluating whether there is a credit loss, management considers various qualitative factors which include (1) the length of time and the extent to which the fair value has been less than cost, (2) the reasons for the decline in the fair value, and (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events. If, based on an analysis of these factors, management concludes that there is a credit loss, then management calculates the expected cash flows and records a loss in earnings equal to the difference between the amortized cost of the debt security and the expected present value of cash flows. The portion of the decline in fair value that is due to factors other than credit loss is recognized in other comprehensive loss. No investment securities held by the Bank as of December 31, 2016 and 2015 were subjected to a write-down due to credit related other-than-temporary impairment. Interest income from securities adjusted for the amortization of premiums and accretion of discounts is recognized in interest income using the interest method over the contractual lives of the related securities. Realized gains and losses, determined using the amortized cost value of the specific securities sold, are included in noninterest income in the statement of operations.

Transfers of Financial Assets

Transfers of Financial Assets

Transfers of financial assets are accounted for as sales when all the components meet the definition of a participating interest and when control over the assets has been surrendered. A participating interest generally represents (1) a proportionate (pro rata) ownership interest in an entire financial assets, (2) a relationship where from the date of transfer all cash flows received from the entire financial asset are divided proportionately among the participating interest holders in an amount equal to their share of ownership, (3) the priority of cash flows has certain characteristics, including no reduction in priority, subordination of interest, or recourse to the transferor other than standard representation or warranties, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to pledge or exchange the entire financial asset. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Loans Held For Sale

Loans Held for Sale

The Bank originates SBA loans for which the guaranteed portion is intended to be sold within a short period of time in the secondary market. These loans are carried at fair value based on a loan-by-loan valuation using actual market bids for the specific loans held or for loan sales for similar assets in the marketplace that have occurred near the valuation date. Any change in the balance of the loan and its fair value is recorded as income or expense in each reporting period. When the guaranteed portion of the loan is sold, the gain on the sale is reduced by the income previously recognized as part of the fair value adjustment.

Loans Held At Fair Value

Loans Held at Fair Value

The Bank originates SBA loans for which the un-guaranteed portion is retained after the guaranteed portion is sold in the secondary market. Management has elected to carry these loans at fair value in accordance with the irrevocable option permitted under Accounting Standards Codification (“ASC”) 825-10-25 Financial Instruments. Fair value of these loans is estimated based on the present value of future cashflows for each asset based on their unique characteristics, market-based assumptions for prepayment speeds, discount rates, default and voluntary prepayments as well as assumptions for losses and recoveries which is based primarily on the risk spread to LIBOR spot curve.

Loans

Loans

The Bank has both the positive intent and ability to hold the majority of its loans to maturity. These loans are stated at the amount of unpaid principal, reduced by net unearned discount and an allowance for loan losses. Interest income on loans is recognized as earned based on contractual interest rates applied to daily principal amounts outstanding and accretion of discount.

Non-accrual and Past Due Loans.

Non-accrual and Past Due Loans

Loans are considered past due if the required principal and interest payments have not been received 30 days as of the date such payments were due. The Bank generally places a loan on non-accrual status when interest or principal is past due 90 days or more. If it otherwise appears doubtful that the loan will be repaid, management may place the loan on nonaccrual status before the lapse of 90 days. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Cash payments on nonaccrual loans are applied as principal payments.

Allowance For Loan Losses

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses. Loans that are determined to be uncollectible are charged against the allowance account, and subsequent recoveries, if any, are credited to the allowance. When evaluating the adequacy of the allowance, an assessment of the loan portfolio will typically include changes in the composition and volume of the loan portfolio, overall portfolio quality and past loss experience, review of specific problem loans, current economic conditions which may affect borrowers’ ability to repay, and other factors which may warrant current recognition. Such periodic assessments may, in management’s judgment, require the Bank to recognize additions or reductions to the allowance. An allowance for loan losses is not calculated for loans held for sale or carried at fair value.

Various regulatory agencies periodically review the adequacy of the Bank’s allowance for loan losses as an integral part of their examination process. Such agencies may require the Bank to recognize additions or reductions to the allowance based on their evaluation of information available to them at the time of their examination. It is reasonably possible that the above factors may change significantly and, therefore, affects management’s determination of the allowance for loan losses in the near term.

The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical charge-off experience, other qualitative factors, and adjustments made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. The Bank does not allocate reserves for unfunded commitments to fund lines of credit.

A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Bank will identify and assess loans that may be impaired through any of the following processes:

· During regularly scheduled meetings of the Asset Quality Committee

· During regular reviews of the delinquency report

· During the course of routine account servicing, annual review, or credit file update

· Upon receipt of verifiable evidence of a material reduction in the value of collateral to a level that creates a less than desirable loan-to-value ratio

Impairment is measured on a loan by loan basis for commercial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.

Large groups of smaller, homogeneous loans, including consumer installment and home equity loans, 1-4 family residential mortgages, and student loans are evaluated collectively for impairment. Accordingly, the Bank does not separately identify individual consumer and residential loans for impairment disclosures.

Bank Premises and Equipment

Bank Premises and Equipment

Bank premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the estimated useful lives of the assets. Amortization of leasehold improvements is computed over the shorter of the related lease term or the useful life of the assets.

Income Taxes

Income Taxes

The liability method is used in accounting for income taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Realization of deferred tax assets is dependent on generating sufficient taxable income in the future.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that ultimately would be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more-likely-than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and not offset or aggregated with other positions. Tax positions that meet the more-likely-than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. It is the Bank’s policy to recognize interest and penalties related to unrecognized tax liabilities within income tax expense in the statement of operations.

The Bank does not have an accrual for uncertain tax positions as of December 31, 2016 or 2015, as deductions taken and benefits accrued are based on widely understood administrative practices and procedures and are based on clear and unambiguous tax law.

Income (Loss) Per Share (“EPS”)

Income (Loss) Per Share (“EPS”)

Basic EPS excludes dilution and is computed by dividing income (loss) available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.

Off-Balance-Sheet Financial Instruments

Off-Balance-Sheet Financial Instruments

In the ordinary course of business, the Bank has entered into off-balance-sheet financial instruments consisting of commitments to extend credit and letters of credit. Such financial instruments are recorded in the financial statements when they become payable.

Other Real Estate Owned

Other Real Estate Owned

Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value, net of estimated cost to sell, at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management, and the real estate is carried at the lower of carrying amount or fair value less the cost to sell. Revenue and expenses from operations and changes in valuation subsequent to the initial foreclosure are charged to operations.

Segments

Segments

The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the other. For example, commercial lending is dependent upon the ability of the Bank to fund it with retail deposits and other borrowings and to manage interest rate and credit risk. This situation is also similar for consumer and residential mortgage lending. Accordingly, all significant operating decisions are based upon analysis of the Company as one operating segment or unit.

Reclassifications

Reclassifications

Certain reclassifications have been made to the prior years’ financial statements to conform to the 2016 presentation, with no impact on earnings or shareholders’ equity.

Comprehensive Loss

Comprehensive Loss

Comprehensive loss includes net loss as well as certain other items that result in a change to equity during the period. The components of other comprehensive loss are as follows:

	December 31, 2016
(in 000’s)	Before tax	Tax	Net of tax
	amount	Benefit	Amount
Beginning balance	$   (30)	$     11	$  (19)
Unrealized loss on securities	(66)	22	(44)
Less: reclassification adjustment for gains
realized in net loss	-	-	-
Other comprehensive loss, net	(66)	23	(44)
Ending balance	$ (96)	$ 33	$ (63)

	December 31, 2015
	Before tax		Tax		Net of tax
	amount		Benefit		Amount
Beginning balance	$ (21)	$  8		$  (13)
Unrealized loss on securities:	(9)	3		(6)
Less: reclassification adjustment for gains
realized in net loss	-	-		-
Other comprehensive loss, net	(9)	3		(6)
Ending balance	$ (30)	$ 11		$ (19)

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. The Update’s (along with subsequent amendments and clarifications in ASUs; 2015-14, 2016-08, 2016-10, 2016-11, and 2016-12) core principle is that a company will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this Update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. This Update is not expected to have a significant impact on the Company’s financial statements.

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40). The amendments in this Update provide guidance in accounting principles generally accepted in the United States of America about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. This Update is not expected to have a significant impact on the Company’s financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This Update applies to all entities that hold financial assets or owe financial liabilities and is intended to provide more useful information on the recognition, measurement, presentation, and disclosure of financial instruments. Among other things, this Update (a) requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; (b) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; (c) eliminates the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities; (d) eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; (e) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; (f) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; and (g) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For all other entities, including not-for-profit entities and employee benefit plans within the scope of Topics 960 through 965 on plan accounting, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. All entities that are not public business entities may adopt the amendments in this Update earlier as of the fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The standard ((along with subsequent amendments and clarifications in ASUs; 2018-01, 2018-11 and 2018-20) requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet.  A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term.  A short-term lease is defined as one in which (a) the lease term is 12 months or less and (b) there is not an option to purchase the underlying asset that the lessee is reasonably certain to exercise. For short-term leases, lessees may elect to recognize lease payments over the lease term on a straight-line basis. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those years. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. The amendments should be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. This Update is not expected to have a significant impact on the Company’s financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be effected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. ASU 2016-13 is effective for annual and interim periods beginning after December 15, 2019, and early adoption is permitted for annual and interim periods beginning after December 15, 2018. With certain exceptions, transition to the new requirements will be through a cumulative effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations.

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which addresses eight specific cash flow issues with the objective of reducing diversity in practice. Among these include recognizing cash payments for debt prepayment or debt extinguishment as cash outflows for financing activities; cash proceeds received from the settlement of insurance claims should be classified on the basis of the related insurance coverage; and cash proceeds received from the settlement of bank-owned life insurance policies should be classified as cash inflows from investing activities while the cash payments for premiums on bank-owned policies may be classified as cash outflows for investing activities, operating activities, or a combination of investing and operating activities. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. This Update is not expected to have a significant impact on the Company’s financial statements.

In October 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230), which requires that a statement of cash flows explains the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in this Update should be applied using a retrospective transition method to each period presented. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s statement of cash flows.

In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20). The amendments in this Update clarify what constitutes a financial asset within the scope of Subtopic 610-20. The amendments also clarify that entities should identify each distinct nonfinancial asset or in substance nonfinancial asset that is promised to a counterparty and to derecognize each asset when the counterparty obtains control. There is also additional guidance provided for partial sales of a nonfinancial asset and when derecognition, and the related gain or loss, should be recognized. The amendments in this Update are effective at the same time as the amendments in Update 2014-09. Therefore, for public entities, the amendments are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. For all other entities, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019.

In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not expected to have a significant impact on the Company’s financial statements.

In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements. This Update provides another transition method which allows entities to initially apply ASC 842 at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Entities that elect this approach should report comparative periods in accordance with ASC 840, Leases. In addition, this Update provides a practical expedient under which lessors may elect, by class of underlying assets, to not separate nonlease components from the associated lease component, similar to the expedient provided for lessees. However, the lessor practical expedient is limited to circumstances in which the nonlease component or components otherwise would be accounted for under the new revenue guidance and both (a) the timing and pattern of transfer are the same for the nonlease component(s) and associated lease component and (b) the lease component, if accounted for separately, would be classified as an operating lease. If the nonlease component or components associated with the lease component are the predominant component of the combined component, an entity should account for the combined component in accordance with ASC 606,

Revenue from Contracts with Customers. Otherwise, the entity should account for the combined component as an operating lease in accordance with ASC 842. If a lessor elects the practical expedient, certain disclosures are required. This Update is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. This Update is not expected to have a significant impact on the Company’s financial statements.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes the Disclosure Requirements for Fair Value Measurements. The Update removes the requirement to disclose the amount of and reasons for transfers between Level I and Level II of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level III fair value measurements. The Update requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level III fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level III fair value measurements. This Update is effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. This Update is not expected to have a significant impact on the Company’s financial statements.

XML

5. Bank Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Major Classes of Bank Premises and Equipment

The major classes of bank premises and equipment and the total accumulated depreciation are as follows at December 31:

(In 000’s)	Estimated
	useful life	2016	2015
Leasehold improvements	10-15 years	$  832	$   788
Furniture and equipment	3- 7 years	1,332	1,297
		2,164	2,085
Less accumulated depreciation		(1,784)	(1,592)
		$   380	$   493

Schedule of Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating leases are as follows:

(In 000’s)

Year ending December 31,	Operating     leases
2017	$  481
2018	492
2019	488
2020	412
2021	420
Thereafter	549
Total minimum lease payments	$2,842

XML

6. Other Real Estate Owned

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

6. Other Real Estate Owned

6. Other Real Estate Owned

Other real estate owned (“OREO”) consists of properties acquired as a result of deed in-lieu-of foreclosure and foreclosures. Properties or other assets are classified as OREO and are reported at the lower of carrying value or fair value, less estimated costs to sell. Costs relating to the development or improvement of assets are capitalized, and costs relating to holding the property are charged to expense.

The following schedule reflects the components of other real estate owned at December 31, 2016 and 2015:

(in 000’s)	2016	2015	2013
Commercial real estate	$ 298	$ 297	$ 191
Residential real estate	149	183	242
Total	$ 447	$ 480	$ 433

A summary of the change in other real estate owned follows:

(in 000’s)	Year Ended December 31, 2016	Year Ended December 31, 2015
Beginning Balance	$ 480	$ 564
Additions, transfers from loans	-	148
Sales	(33)	(271)
	496	441
Write-ups (write-downs)	-	39
Ending Balance	$ 447	$ 480

The following table details the components of net expense of other real estate owned.

(in 000’s)	Year ended December 31, 2016	Year ended December 31, 2015
Insurance	$ 23	$ 15
Legal fees	16	-
Foreclosure fees	56	-
Professional fees	4	-
Real estate taxes	21	14
Utilities	2	3
Transfer-in write-up	-	(88)
Impairment charges	-	49
Other	4	18
Total	$ 126	$ 11

XML

10. Financial Instrument Commitments

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

10. Financial Instrument Commitments

10. FINANCIAL INSTRUMENT COMMITMENTS

The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and letters of credit, which are conditional commitments issued by the Bank to guarantee the performance of an obligation of a customer to a third party. Both arrangements have credit risk essentially the same as that involved in extending loans and are subject to the Bank’s normal credit policies. Collateral may be obtained based on management’s assessment of the customer.

The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments is represented by the contractual amount of those instruments.

A summary of the Bank’s financial instrument commitments is as follows:

	2016	2015
Commitments to extend credit	$3,784,000	$5,903,000
Outstanding letters of credit	317,000	333,000

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract and unused credit card lines. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers.

XML

1. Summary of Significant Accounting Policies: Comprehensive Loss: Schedule of Components of Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Other comprehensive income, before tax amount, beginning	$ (30)	$ (21)
Other comprehensive income, Taxes, beginning	11	8
Other comprehensive income, Net of tax Amount, beginning	(19)	(13)
Unrealized holding gain arising during period, before tax amount	(66)	(9)
Unrealized holding gain arising during period, taxes	22	3
Unrealized holding gain arising during period, net of tax amount	(44)	(6)
Less: reclassification adjustment for gains(losses) realized in net loss, before tax amount	0	0
Less: reclassification adjustment for gains(losses) realized in net loss, taxes	0	0
Less: reclassification adjustment for gains(losses) realized in net loss, net of tax amount	0	0
Other comprehensive loss, net, before tax amount	(66)	(9)
Other comprehensive loss, net, taxes	23	3
Other comprehensive loss, net, net after tax amount	(44)	(6)
Other comprehensive income, before tax amount, ending	(96)	(30)
Other comprehensive income, Taxes, ending	33	11
Other comprehensive income, Net of tax Amount, ending	$ (63)	$ (19)

XML

13. Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of the Company and the Bank's Actual Capital

The Company and the Bank’s actual capital amounts and ratios are as follow as of December 31, 2016:

(In 000’s)	Actual		Minimum to be Well Capitalized		Minimum to be Adequately Capitalized
	Amount	Ratio	Amount	Ratio	Amount	Ratio
Total (Tier II) capital to risk weighted assets:
Company	$2,897	9.08%	N/A
Bank	2,897	9.08	3,190	10.00%	$2,552	8.00%
Tier I capital to risk weighted assets
Company	2,597	8.14	N/A
Bank	2,597	8.14	2,074	8.00%	$1,914	6.00%
Common equity Tier I capital to risk weighted assets
Company	2,597	8.14	N/A
Bank	2,597	8.14	2,074	6.50%	$1,436	4.50%
Tier I Leverage ratio (Tier I capital to total quarterly average assets)
Company	2,597	4.82	N/A
Bank	2,597	4.82	2,692	5.00%	$2,154	4.00%
Tangible common equity to tangible assets
Company	2,597	4.82	N/A	N/A	N/A	N/A
Bank	2,597	4.82	N/A	N/A	N/A	N/A

The Company and the Bank’s actual capital amounts and ratios are as follow as of December 31, 2015:

(In 000’s)	Actual		Minimum to be Well Capitalized		Minimum to be Adequately Capitalized
	Amount	Ratio	Amount	Ratio	Amount	Ratio
Total (Tier II) capital to risk weighted assets:
Company	$3,081	8.50%	N/A
Bank	3,081	8.50	$3,623	10.00%	$2,898	8.00%
Tier I capital to risk weighted assets
Company	2,663	7.35	N/A
Bank	2,663	7.35	$2,899	8.00%	$2,173	6.00%
Common equity Tier I capital to risk weighted assets
Company	2,663	7.35	N/A
Bank	2,663	7.35	$2,355	6.50%	$1,630	4.50%
Tier I Leverage ratio (Tier I capital to total quarterly average assets)
Company	2,663	4.57	N/A
Bank	2,663	4.57	$2,915	5.00%	$2,332	4.00%
Tangible common equity to tangible assets
Company	2,663	4.52	N/A	N/A	N/A	N/A
Bank	2,663	4.52	N/A	N/A	N/A	N/A

XML

9. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

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)	2016	2015
Deferred tax assets(liabilities):
Provision for loan losses	$     36	$     46
Unrealized (loss) gain on investment securities	(32)	10
Depreciation	(36)	(36)
Net operating carryforwards	3,578	3,538
Other, net	326	386
Valuation allowance for deferred tax assets	(3,904)	(3,934)
Net deferred tax assets	$     (32)	$     10

Schedule of Effective Income Tax Rate Reconciliation

	2016	2015
Effective rate reconciliation:
Tax at statutory rate (34%)	$  8	$  (168)
Nondeductible expenses	9	8
Increase in valuation allowance	(31)	160
True-up of NOL	3	-
Other	11	-
Total tax expense	$        -	$        -

XML

4. Loans and Allowance For Loan Losses: Schedule of Bank Loans by Class According to Credit Quality (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Commercial real estate	$ 21,488,000	$ 26,414,000
Consumer real estate	2,232,000	2,841,000
Consumer loans other	966,000	1,202,000
Total consumer loans	3,198,000	4,043,000
Good/Excellent
Total commercial loans	309,000	285,000
Satisfactory
Total commercial loans	18,011,000	22,392,000
Pass
Total commercial loans	2,333,000	2,467,000
Special Mention
Total commercial loans	844,000	1,557,000
Substandard
Total commercial loans	1,843,000	2,476,000
Doubtful
Total commercial loans	297,000	299,000
Total
Total commercial loans	23,637,000	29,476,000
Performing
Consumer real estate	1,659,000	2,354,000
Consumer loans other	904,000	1,202,000
Total consumer loans	2,563,000	3,556,000
Nonperforming
Consumer real estate	573,000	487,000
Consumer loans other	62,000	0
Total consumer loans	635,000	487,000
Commercial And Industrial | Good/Excellent
Total commercial loans	260,000	285,000
Commercial And Industrial | Satisfactory
Total commercial loans	1,073,000	1,822,000
Commercial And Industrial | Pass
Total commercial loans	207,000	238,000
Commercial And Industrial | Special Mention
Total commercial loans	38,000	58,000
Commercial And Industrial | Substandard
Total commercial loans	495,000	583,000
Commercial And Industrial | Doubtful
Total commercial loans	76,000	76,000
Commercial And Industrial | Total
Total commercial loans	2,149,000	3,062,000
Consumer And Other Loans | Total | Student Loans
Consumer loans other	855,000	1,081,000
Consumer And Other Loans | Total | Other
Consumer loans other	111,000	121,000
Consumer And Other Loans | Performing | Student Loans
Consumer loans other	794,000	1,081,000
Consumer And Other Loans | Performing | Other
Consumer loans other	110,000	121,000
Consumer And Other Loans | Nonperforming | Student Loans
Consumer loans other	61,000	0
Consumer And Other Loans | Nonperforming | Other
Consumer loans other	1,000	0
Consumer Real Estate | Total | Home Equity
Consumer real estate	799,000	897,000
Consumer Real Estate | Total | Home Equity Line Of Credit
Consumer real estate	19,000	20,000
Consumer Real Estate | Total | 1-4 Family Residential Mortgages
Consumer real estate	1,414,000	1,924,000
Consumer Real Estate | Performing | Home Equity
Consumer real estate	301,000	539,000
Consumer Real Estate | Performing | Home Equity Line Of Credit
Consumer real estate	19,000	20,000
Consumer Real Estate | Performing | 1-4 Family Residential Mortgages
Consumer real estate	1,339,000	1,795,000
Consumer Real Estate | Nonperforming | Home Equity
Consumer real estate	498,000	358,000
Consumer Real Estate | Nonperforming | Home Equity Line Of Credit
Consumer real estate	0	0
Consumer Real Estate | Nonperforming | 1-4 Family Residential Mortgages
Consumer real estate	75,000	129,000
Commercial Real Estate Portfolio Segment | Good/Excellent
Commercial real estate	49,000	0
Commercial Real Estate Portfolio Segment | Satisfactory
Commercial real estate	16,938,000	20,570,000
Commercial Real Estate Portfolio Segment | Pass
Commercial real estate	2,126,000	2,229,000
Commercial Real Estate Portfolio Segment | Special Mention
Commercial real estate	806,000	1,499,000
Commercial Real Estate Portfolio Segment | Substandard
Commercial real estate	1,348,000	1,893,000
Commercial Real Estate Portfolio Segment | Doubtful
Commercial real estate	221,000	223,000
Commercial Real Estate Portfolio Segment | Total
Commercial real estate	21,488,000	26,414,000
Commercial | Commercial And Industrial | Good/Excellent
Total commercial loans	260,000	285,000
Commercial | Commercial And Industrial | Satisfactory
Total commercial loans	331,000	922,000
Commercial | Commercial And Industrial | Pass
Total commercial loans	9,000	16,000
Commercial | Commercial And Industrial | Special Mention
Total commercial loans	38,000	58,000
Commercial | Commercial And Industrial | Substandard
Total commercial loans	252,000	254,000
Commercial | Commercial And Industrial | Doubtful
Total commercial loans	0	0
Commercial | Commercial And Industrial | Total
Total commercial loans	891,000	1,535,000
SBA Loans | Commercial And Industrial | Good/Excellent
Total commercial loans	0	0
SBA Loans | Commercial And Industrial | Satisfactory
Total commercial loans	0	0
SBA Loans | Commercial And Industrial | Pass
Total commercial loans	0	0
SBA Loans | Commercial And Industrial | Special Mention
Total commercial loans	0	0
SBA Loans | Commercial And Industrial | Substandard
Total commercial loans	0	40,000
SBA Loans | Commercial And Industrial | Doubtful
Total commercial loans	0	0
SBA Loans | Commercial And Industrial | Total
Total commercial loans	0	40,000
SBA Loans | Commercial Real Estate Portfolio Segment
Commercial real estate	255,000	353,000
SBA Loans | Commercial Real Estate Portfolio Segment | Good/Excellent
Commercial real estate	0	0
SBA Loans | Commercial Real Estate Portfolio Segment | Satisfactory
Commercial real estate	2,000	82,000
SBA Loans | Commercial Real Estate Portfolio Segment | Pass
Commercial real estate	0	0
SBA Loans | Commercial Real Estate Portfolio Segment | Special Mention
Commercial real estate	160,000	0
SBA Loans | Commercial Real Estate Portfolio Segment | Substandard
Commercial real estate	93,000	271,000
SBA Loans | Commercial Real Estate Portfolio Segment | Doubtful
Commercial real estate	0	0
SBA Loans | Commercial Real Estate Portfolio Segment | Total
Commercial real estate	255,000	353,000
Asset Based | Commercial And Industrial | Good/Excellent
Total commercial loans	0	0
Asset Based | Commercial And Industrial | Satisfactory
Total commercial loans	742,000	900,000
Asset Based | Commercial And Industrial | Pass
Total commercial loans	198,000	222,000
Asset Based | Commercial And Industrial | Special Mention
Total commercial loans	0	0
Asset Based | Commercial And Industrial | Substandard
Total commercial loans	243,000	289,000
Asset Based | Commercial And Industrial | Doubtful
Total commercial loans	76,000	76,000
Asset Based | Commercial And Industrial | Total
Total commercial loans	1,259,000	1,487,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment
Commercial real estate	11,385,000	13,774,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Good/Excellent
Commercial real estate	0	0
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Satisfactory
Commercial real estate	8,193,000	10,689,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Pass
Commercial real estate	1,375,000	1,098,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Special Mention
Commercial real estate	537,000	613,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Substandard
Commercial real estate	1,059,000	1,151,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Doubtful
Commercial real estate	221,000	223,000
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Total
Commercial real estate	11,385,000	13,774,000
Construction | Commercial Real Estate Portfolio Segment
Commercial real estate	542,000	2,175,000
Construction | Commercial Real Estate Portfolio Segment | Good/Excellent
Commercial real estate	0	0
Construction | Commercial Real Estate Portfolio Segment | Satisfactory
Commercial real estate	542,000	2,175,000
Construction | Commercial Real Estate Portfolio Segment | Pass
Commercial real estate	0	0
Construction | Commercial Real Estate Portfolio Segment | Special Mention
Commercial real estate	0	0
Construction | Commercial Real Estate Portfolio Segment | Substandard
Commercial real estate	0	0
Construction | Commercial Real Estate Portfolio Segment | Doubtful
Commercial real estate	0	0
Construction | Commercial Real Estate Portfolio Segment | Total
Commercial real estate	542,000	2,175,000
Religious Organizations | Commercial Real Estate Portfolio Segment
Commercial real estate	9,306,000	10,112,000
Religious Organizations | Commercial Real Estate Portfolio Segment | Good/Excellent
Commercial real estate	49,000	0
Religious Organizations | Commercial Real Estate Portfolio Segment | Satisfactory
Commercial real estate	8,201,000	7,624,000
Religious Organizations | Commercial Real Estate Portfolio Segment | Pass
Commercial real estate	751,000	1,131,000
Religious Organizations | Commercial Real Estate Portfolio Segment | Special Mention
Commercial real estate	109,000	886,000
Religious Organizations | Commercial Real Estate Portfolio Segment | Substandard
Commercial real estate	196,000	471,000
Religious Organizations | Commercial Real Estate Portfolio Segment | Doubtful
Commercial real estate	0	0
Religious Organizations | Commercial Real Estate Portfolio Segment | Total
Commercial real estate	$ 9,306,000	$ 10,112,000

XML

5. Bank Premises and Equipment: Schedule of Future Minimum Lease Payments Under Operating Leases (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Text Block [Abstract]
2017	$ 481
2018	492
2019	488
2020	412
2021	420
Thereafter	549
Total minimum lease payments	$ 2,842

XML

7. Deposits (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Total deposits	$ 50,642,166	$ 55,962,404
Time deposits, $250,000 and over	12,150,000	$ 6,753,000
Deposits held by related parties	314,000
City Of Philadelphia
Total deposits	$ 2,500,000

XML

16. EARNINGS PER SHARE COMPUTATION: Schedule of Net Loss per Common Share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Net Income (loss)	$ 8,000	$ (100,000)	$ 316,000	$ (199,000)	$ (182,000)	$ (210,000)	$ (118,000)	$ 15,000	$ 24,537	$ (494,775)
Income (loss) attributable to common stockholders, basic (numerator)									$ 24,537	$ (494,775)
Weighted Average Number of Shares Outstanding, Basic (denominator)									826,921	863,999
Earnings Per Share, Basic	$ 0.01	$ (0.12)	$ 0.38	$ (0.24)	$ (0.21)	$ (0.24)	$ (0.13)	$ 0.01	$ 0.03	$ (0.57)
Income (loss) attributable to common stockholders, basic (numerator)									$ 24,537	$ (494,775)
Weighted Average Number of Shares Outstanding, Diluted (denominator)									826,921	863,999
Earnings Per Share, Diluted	$ 0.01	$ (0.12)	$ 0.38	$ (0.24)	$ (0.21)	$ (0.24)	$ (0.13)	$ 0.01	$ 0.03	$ (0.57)

XML

2. Cash and Due From Bank Balances

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

2. Cash and Due From Bank Balances

2. CASH AND DUE FROM BANK BALANCES

The Bank maintains various deposit accounts with other banks to meet normal fund transaction requirements and to compensate other banks for certain correspondent services. The withdrawal or usage restrictions of these balances did not have a significant impact on the operations of the Bank as of December 31, 2016. Required reserve balances were $100,000 as of December 31, 2016 and 2015.

XML

13. Regulatory Matters (Details)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Description of Regulatory Requirements, Prompt Corrective Action	Develop a written capital plan detailing the manner in which the Bank will meet and maintain a ratio of Tier 1 capital to total assets (“leverage ratio”) of at least 8.5% and a ratio of qualifying total capital to risk-weighted assets (total risk-based capital ratio) of at least 12.5%, by September 2019

XML

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Interest income:
Interest and fees on loans	$ 2,403,274	$ 2,392,183
Interest on investment securities	152,086	179,065
Interest on federal funds sold	31,394	15,418
Interest on time deposits with other banks	639	659
Total interest income	2,587,393	2,587,325
Interest expense:
Interest on time deposits	35,733	38,070
Interest on demand deposits	24,479	25,125
Interest on savings deposits	5,760	5,882
Total interest expense	65,972	69,077
Net interest income	2,521,421	2,518,248
Credit to provision for loan losses	(69,000)	(68,000)
Net interest income after credit to provision for loan losses	2,590,421	2,586,248
Noninterest income:
Customer service fees	353,807	416,480
ATM fee income	114,673	118,550
Loan syndication fee income	150,900	150,000
Net loss on sale of other real estate	(3,239)	(16,848)
Net change in fair value of financial instruments	365,900	232,797
Gain on sale of loans	732,411	410,040
Other income	208,406	85,894
Total noninterest income	1,922,858	1,396,913
Noninterest expense:
Salaries, wages and employee benefits	1,555,590	1,572,595
Occupancy and equipment	969,532	972,561
Office operations and supplies	330,945	308,070
Marketing and public relations	41,280	73,590
Professional services	301,734	318,774
Data processing	393,525	389,008
Loan and collection costs	169,334	255,809
Other real estate owned, net	126,066	11,303
Deposit insurance assessments	117,000	134,800
Other operating	483,736	441,426
Total noninterest expense	4,488,742	4,477,936
Net income (loss) before income taxes	24,537	(494,775)
Provision for income taxes	0	0
Net income (loss)	$ 24,537	$ (494,775)
Net income (loss) per common share - basic and diluted	$ 0.03	$ (0.57)
Weighted average number of common shares	826,921	863,999
Comprehensive Loss
Net income (loss)	$ 24,537	$ (494,775)
Unrealized losses on available for sale securities	(44,384)	(6,103)
Total comprehensive loss	$ (19,847)	$ (500,878)

XML

7. Deposits

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

7. Deposits

7. DEPOSITS

At December 31, 2016, the scheduled maturities of time deposits (certificates of deposit) are as follows:

(In 000’s)	2017	$ 9,329
	2018	881
	2019	57
	2020	42
	2021	57
	Thereafter	46
		$ 10,411

The Company has a significant deposit relationship with the City of Philadelphia for which deposits totaled approximately $2.5 million at December 31, 2016. Total deposits in excess of $250,000 totaled $12,150,000 and $6,753,000 at December 31, 2016 and 2015, respectively. Additionally, deposits held by related parties totaled $314,000 at December 31, 2016.

XML

11. Fair Value Measurements

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

11. Fair Value Measurements

11. FAIR VALUE MEASUREMENTS

The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. In accordance with the Fair Value Measurements and Disclosures topic of FASB ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Bank's various assets and liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument.

The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Company groups its assets and liabilities carried or disclosed at fair value in three levels as follows:

Level 1 Inputs

· Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 Inputs

· Quoted prices for similar assets or liabilities in active markets.

· Quoted prices for identical or similar assets or liabilities in markets that are not active.

· Inputs other than quoted prices that are observable, either directly or indirectly, for the term of the asset or liability (e.g., interest rates, yield curves, credit risks, prepayment speeds or volatilities) or “market corroborated inputs.”

Level 3 Inputs

· Prices or valuation techniques that require inputs that are both unobservable (i.e. supported by little or no market activity) and that are significant to the fair value of the assets or liabilities.

· These assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

An asset’s or liability’s financial categorization within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Fair Value on a Recurring Basis

Securities Available for Sale: Where quoted prices are available in an active market, securities would be classified within Level 1 of the valuation hierarchy. Level 1 securities include money market funds. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities include U.S. agency securities and agency mortgage backed securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy.

Loans Held for Sale. Fair values are estimated by using actual quoted market bids for similar loans sold in active markets on or near the valuation date on a loan by loan basis.

Loans Held at Fair Value. Fair values are estimated based on the present value of future cashflows for each asset based on their unique characteristics, market-based assumptions for prepayment speeds, discount rates, default and voluntary prepayments as well as assumptions for losses and recoveries.

Servicing Assets. Fair values for servicing assets related to SBA loans are estimated based on the present value of future cashflows for each asset based on their unique characteristics, market-based assumptions for prepayment speeds, discount rates, default and voluntary prepayments as well as assumptions for losses and recoveries.

Assets on the consolidated balance sheets measured at fair value on a recurring basis are summarized below.

(in 000’s)		Fair Value Measurements at Reporting Date Using:
	Assets/Liabilities Measured at Fair Value at	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs	Significant Unobservable Inputs
	31-Dec-16		(Level 2)	(Level 3)
Investment securities
available-for-sale:
U.S. Government agency securities	$2,268	$  -	$2,268	$    -
Government Sponsored Enterprises residential mortgage-backed securities	3,180	-	3,180
				-
Money Market Funds	130	130	-
Total	$5,578	$130	$5,448	-
Loans held for sale	$7,794	$   -	$7,794	$4,207
Loans held at fair value	$4,207	$     -	$       -	$313
Servicing asset	$313	$     -	$     -

(in 000’s)		Fair Value Measurements at Reporting Date Using:
	Assets/Liabilities Measured at Fair Value at December 31, 2015	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs  (Level 3)
Investment securities
available-for-sale:
U.S. Government agency securities	$3,662	$  -	$3,662	$    -
Government Sponsored Enterprises residential mortgage-backed securities	3,780		3,780	-
Money Market Funds	130	130	-	-
Total	$7,572	$130	$7,442	-
Loans held for sale	$3,261	$   -	$3,261	$2,459
Loans held at fair value	$2,459	$     -	$       -	$200
Servicing asset	$200	$     -	$     -

As of December 31, 2016 and 2015, the fair value of the Bank’s available-for-sale securities portfolio was approximately $5,578,000 and $7,572,000 respectively. All the residential mortgage-backed securities were issued or guaranteed by the Government National Mortgage Association (“GNMA”), the Federal National Mortgage Association (“FNMA”) or the Federal Home Loan Mortgage Corporation (“FHLMC”). The underlying loans for these securities are residential mortgages that are geographically dispersed throughout the United States. The valuation of AFS securities using Level 2 inputs was primarily determined using the market approach, which uses quoted prices for similar instruments and model-based valuation techniques for which the significant assumptions can be corroborated by market data. There were no transfers between Level 1 and Level 2 assets during the years ended December 31, 2016 or 2015.

When estimating the fair value of our Level 3 financial instruments, management uses various observable and unobservable inputs. These inputs include estimated cashflows, prepayment speeds, average projected loss rate and discount rates as follows:

(in 000’s)

Assets measured at fair value	December 31, 2016 Fair value	December 31, 2015 Fair value	Principal valuation techniques	Significant observable inputs	December 31, 2016 Range of inputs	December 31, 2015 Range of inputs
Loans held at fair value:	$4,207	$2,459	Discounted cash flow	Constant prepayment rate	7.53% to 9.62 %	7.10% to 9.88%
				Weighted average life	3.05 yrs. to 9.95 yrs.	3.40 yrs. to 8.78 yrs.
				Discount rate	8.11% to 10.58 %	7.76% to 9.94%
				Projected default rate	0.77% to 6.64%	1.15% to 5.88%

(in 000’s)

Assets measured at fair value	December 31, 2016 Fair value	December 31, 2015 Fair Value	Principal valuation techniques	Significant observable inputs	December 31, 2016 Range of inputs	December 31, 2015 Range of inputs
Servicing asset	$313	$ 200	Discounted cash flow	Constant prepayment rate	4.89% to 9.96%	6.57% to 10.27%
				Weighted average life	3.05 yrs. to    9.70 yrs.	3.40 yrs. to  8.78 yrs.
				Weighted average discount rate	10.50% to 15.31%	11.94 % to 16.23%

Due to the inherent uncertainty of determining the fair value of assets that do not have a readily available market value, fair value as determined by management may fluctuate from period to period.

The following table summarizes additional information about assets measured at fair value on a recurring basis for which level 3 inputs were utilized to determine fair value:

Loans Held at Fair Value:

(in 000’s)	2016	2015
Balance at December 31,	$   2,459	$   629
Origination of loans	2,068	2,017
Principal repayments	(324)	(185)
Change in fair value	4	(2)
Balance at December 31,	$4,207	$ 2,459

Servicing Asset:

(in 000’s)	2016	2015
Balance at December 31,	$   200	$ 47
Additions related to new loan originations	160	160
Change in fair value	(47)	(7)
Balance at December 31,	$313	$ 200

Fair Value on a Nonrecurring Basis

Certain assets are not measured at fair value on a recurring basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment).

Impaired Loans (net of specific reserves): The carrying value of certain impaired loans is derived in accordance with FASB ASC Topic 310, “Receivables”. Impairment is determined based on the loan’s observable market price (appraisal) or the fair value of the collateral if the loan is collateral dependent. The valuation allowance for impaired loans is adjusted as necessary based on changes in the value of collateral as well as the cost of liquidation.

Other real estate owned: Other real estate owned is carried at the lower of cost or fair value, which is measured at the foreclosure date. If the fair value of the collateral exceeds the carrying amount of the loan, no charge-off or adjustment is necessary, the loan is not considered to be carried at fair value, and is therefore not included in the table above. If the fair value of the collateral is less than the carrying amount of the loan, management will charge the loan down to its estimated realizable value. The fair value of OREO is based on the appraised value of the property, which is generally unadjusted by management and is based on comparable sales for similar properties in the same geographic region as the subject property, and is included in the above table as a Level 2 measurement. In some cases, management may adjust the appraised value due to the age of the appraisal, changes in market conditions, or observable deterioration of the property since the appraisal was completed. In these cases, the loans are categorized in the above table as Level 3 measurement since these adjustments are considered to be unobservable inputs. Income and expenses from operations and further declines in the fair value of the collateral subsequent to foreclosure are included in net expenses from OREO. There was no valuation allowance for OREO at December 31, 2016 and 2015.

The following table presents the assets carried on the consolidated balance sheets by level within the fair value hierarchy as of December 31, 2016, for which a nonrecurring change in fair value has been recorded during the year ended December 31, 2016.

Carrying Value at December 31, 2016:

(in 000’s)	Total	Quoted Prices in Active markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total fair value loss during the year ended December 31, 2016
Impaired Loans	$418	-	--	$418	$  -
Other real estate owned	$ 447	-	-	$  447	$  -

The following table presents the assets and liabilities carried on the consolidated balance sheets by level within the fair value hierarchy as of December 31, 2015, for which a nonrecurring change in fair value has been recorded during the year ended December 31, 2015.

Carrying Value at December 31, 2015:

(in 000’s)	Total	Quoted Prices in Active markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total fair value  loss during the year ended December 31, 2015
Impaired Loans	$2,424	-	-	$2,424	$ -
Other real estate owned	$ 480	-	-	$  480	$  39

Fair Value of Financial Instruments

FASB ASC Topic 825 “Disclosure About Fair Value of Financial Instruments”, requires the disclosure of the fair value of financial instruments. The methodology for estimating the fair value of financial assets that are measured on a recurring or non-recurring basis are discussed above.

The following methods and assumptions were used by the Bank in estimating its fair value disclosures for other financial instruments:

Cash and cash equivalents, accrued interest receivable, and accrued interest payable: The carrying amounts reported in the balance sheet approximates fair value.

Loans (other than impaired loans): The fair value of loans was estimated using a discounted cash flow analysis, which considered estimated prepayments, amortizations, and nonperformance risk. Prepayments and discount rates were based on current marketplace estimates and rates.

Impaired Loans (net of specific reserves): The carrying value of certain impaired loans is based on the loan’s observable market price (appraisal) or the fair value of the collateral if the loan is collateral dependent. The valuation allowance for impaired loans is adjusted as necessary based on changes in the value of collateral as well as the cost of liquidation.

Deposit liabilities: The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings, and certain types of money market accounts) are equal to the amounts payable on demand at the reporting date (e.g., their carrying amounts). The carrying amounts for variable-rate, fixed-term money market accounts and certificates of deposit approximate the fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation. The Treasury Yield Curve was utilized for discounting cash flows as it approximates the average marketplace certificate of deposit rates across the relevant maturity spectrum.

Commitments to extend credit: The carrying amounts for commitments to extend credit approximate fair value as such commitments are not substantially different from the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparts. Such amounts were not significant.

The fair value of financial instruments at year-end are presented below:

(in 000’s)

	Level in	2016		2015
	Value	Carrying	Fair	Carrying	Fair
Assets:	Hierarchy	Amount	Value	Amount	Value
Cash and cash equivalents	Level 1	$7,803	$7,803	$10,782	$10,782
Available for sale securities	(1)	5,578	5,578	7,572	7,572
Loans held for sale	Level 2	7,794	7,794	3,261	3,261
Loans held at fair value	Level 3	4,207	4,207	2,459	2,459
Loans, net of allowance for loan losses	(2)	26,296	26,617	33,101	33,082
Servicing asset	Level 3	313	313	200	200
Interest receivable	Level 1	141	141	175	175
Liabilities:
Demand deposits	Level 1	28,497	28,497	30,022	30,022
Savings deposits	Level 1	11,735	11,735	11,681	11,681
Time deposits	(3)	10,411	10,395	14,259	14,242
Interest Payable	Level 1	11	11	9	9

(1) Level 1 for money market funds; Level 2 for all other securities.

(2) Level 2 for non-impaired loans; Level 3 for impaired loans.

(3) Level 1 for variable rate instruments, Level 3 for fixed rate instruments/

XML

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

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Condensed Balance Sheet

Condensed Balance Sheets

(Dollars in thousands)	2016	2015
Assets:
Investment in United Bank of Philadelphia	$2,660	$  2,680
Total assets	$2,660	$2,680
Shareholders’ equity:
Series A preferred stock	1	1
Common stock	8	8
Additional paid-in capital	14,753	14,753
Accumulated deficit	(12,038)	(12,063)
Net unrealized holding losses on securities available-for-sale	(64)	(19)
Total shareholders’ equity	$2,660	$2,680

Schedule of Condensed Statement Of Operations

Condensed Statements of Operations

Years ended December 31,
(Dollars in thousands)	2016	2015
Equity in net loss of subsidiary	$ 25	$ (495)
Net loss	$ 25	$ (495)

Schedule of Condensed Cash Flow Statement

Condensed Statements of Cash Flows
	Years ended December 31,
	(Dollars in thousands)	2016	2015
	Cash flows from operating activities:
	Net income (loss)	$ 25	$ (495)
	Adjustments:
	Equity in net income (loss) of subsidiary	(25)	495
	Net cash used in operating activities	-	-
	Cash and cash equivalents at beginning of year	-	-
	Cash and cash equivalents at end of year	$ -	$ -

XML

7. Deposits (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Maturity of Time Deposits

At December 31, 2016, the scheduled maturities of time deposits (certificates of deposit) are as follows:

(In 000’s)	2017	$ 9,329
	2018	881
	2019	57
	2020	42
	2021	57
	Thereafter	46
		$ 10,411

XML

1. Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Entity Incorporation, Date of Incorporation	Apr. 08, 1993

XML

7. Deposits: Schedule of Maturity of Time Deposits (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Text Block [Abstract]
2017	$ 9,329
2018	881
2019	57
2020	42
2021	57
Thereafter	46
Time Deposits, Total	$ 10,411

XML

4. Loans and Allowance For Loan Losses: Schedule of Age Analysis of Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Beginning balance	$ 418,000	$ 735,000
Provision for loan losses	(69,000)	(68,000)
Charge-offs	(68,000)	(279,000)
Recoveries	19,000	30,000
Net charge-offs	(49,000)	(249,000)
Ending balance	300,000	418,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	54,000	56,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	246,000	362,000
Period-end amount allocated to: Total	300,428	418,013
Loans, ending balance: Loans individually evaluated for impairment	2,083,000	2,515,000
Loans, ending balance: Loans collectively evaluated for impairment	24,752,000	31,004,000
Loans and Leases Receivable, Net of Deferred Income	26,835,035	33,519,042
Commercial And Industrial
Beginning balance	151,000	403,000
Provision for loan losses	(87,000)	3,000
Charge-offs	0	(259,000)
Recoveries	4,000	4,000
Net charge-offs	4,000	(255,000)
Ending balance	68,000	151,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	9,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	68,000	167,000
Period-end amount allocated to: Total	68,000	176,000
Loans, ending balance: Loans individually evaluated for impairment	352,000	439,000
Loans, ending balance: Loans collectively evaluated for impairment	1,797,000	2,623,000
Loans and Leases Receivable, Net of Deferred Income	2,149,000	3,062,000
Commercial Real Estate Portfolio Segment
Beginning balance	250,000	300,000
Provision for loan losses	(30,000)	(47,000)
Charge-offs	(41,000)	(3,000)
Recoveries	0
Net charge-offs	(41,000)	(3,000)
Ending balance	179,000	250,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	54,000	47,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	125,000	164,000
Period-end amount allocated to: Total	179,000	211,000
Loans, ending balance: Loans individually evaluated for impairment	1,731,000	2,076,000
Loans, ending balance: Loans collectively evaluated for impairment	19,757,000	24,338,000
Loans and Leases Receivable, Net of Deferred Income	21,488,000	26,414,000
Consumer Real Estate
Beginning balance	8,000	20,000
Provision for loan losses	15,000	(18,000)
Charge-offs	(22,000)	0
Recoveries	9,000	6,000
Net charge-offs	(13,000)	6,000
Ending balance	10,000	8,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	10,000	22,000
Period-end amount allocated to: Total	10,000	22,000
Loans, ending balance: Loans individually evaluated for impairment	0	0
Loans, ending balance: Loans collectively evaluated for impairment	2,232,000	2,841,000
Loans and Leases Receivable, Net of Deferred Income	2,232,000	2,841,000
Consumer And Other Loans
Beginning balance	9,000	12,000
Provision for loan losses	1,000	(6,000)
Charge-offs	(5,000)	(17,000)
Recoveries	6,000	20,000
Net charge-offs	1,000	3,000
Ending balance	11,000	9,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	11,000	9,000
Period-end amount allocated to: Total	11,000	9,000
Loans, ending balance: Loans individually evaluated for impairment	0	0
Loans, ending balance: Loans collectively evaluated for impairment	966,000	1,202,000
Loans and Leases Receivable, Net of Deferred Income	966,000	1,202,000
Unallocated
Beginning balance	0	0
Provision for loan losses	(101,000)	0
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Ending balance	(101,000)	0
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Period-end amount allocated to: Total	0	0
Loans, ending balance: Loans individually evaluated for impairment	0	0
Loans and Leases Receivable, Net of Deferred Income	0	0
Unallocated1
Beginning balance	0	0
Provision for loan losses	32,000	0
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Ending balance	32,000	0
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	32,000	0
Period-end amount allocated to: Total	32,000	0
Loans, ending balance: Loans individually evaluated for impairment	0	0
Loans, ending balance: Loans collectively evaluated for impairment	0	0
Loans and Leases Receivable, Net of Deferred Income	$ 0	$ 0

XML

6. Other Real Estate Owned: Schedule of Components Of Other Real Estate Owned (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other real estate owned	$ 447,371	$ 479,627	$ 564,000	$ 433,000
Commercial Real Estate
Other real estate owned	298,000	297,000		191,000
Residential Real Estate
Other real estate owned	$ 149,000	$ 183,000		$ 242,000

XML

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Series A preferred stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated other comprehensive loss	Total
Balance at Beginning at Dec. 31, 2014	$ 1,368	$ 10,686	$ 14,749,852	$ (11,568,043)	$ (13,223)	$ 3,180,640
Shares, Outstanding, Beginning Balance at Dec. 31, 2014	136,842	1,068,588
Cancellation of common stock		$ (2,417)	2,417
Cancellation of common stock, Shares		(241,667)
Cancellation of Series A Preferred stock	$ (375)		375
Cancellation of Series A Preferred stock, Shares	(37,500)
Net income (loss)				(494,775)		(494,775)
Other comprehensive loss, net of tax					(6,103)	(6,103)
Balance at year end at Dec. 31, 2015	$ 993	$ 8,269	14,752,644	(12,062,818)	(19,326)	2,679,762
Shares, Outstanding, Ending Balance at Dec. 31, 2015	99,342	826,921
Net income (loss)				24,537		24,537
Other comprehensive loss, net of tax					(44,384)	(44,384)
Balance at year end at Dec. 31, 2016	$ 993	$ 8,269	$ 14,752,642	$ (12,038,281)	$ (63,710)	$ 2,659,915
Shares, Outstanding, Ending Balance at Dec. 31, 2016	99,342	826,921

XML

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 23, 2020	Jun. 30, 2017
Document and Entity Information:
Entity Registrant Name	UNITED BANCSHARES INC /PA
Document Type	10-K/A
Document Period End Date	Dec. 31, 2016
Amendment Flag	true
Amendment description	The sole purpose of this amendment to our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, originally filed with the Securities and Exchange Commission on December 23, 2019 is to furnish Exhibit 101 to the Form 10-K which contains the XBRL (eXtensible Business Reporting Language) Interactive Data File for the financial statements and notes included in Part 1, Item 1 of the Form 10-K. As permitted by Rule 405(a)(2)(ii) of Regulation S-T, Exhibit 101 was required to be furnished with the original filing.
Entity Central Index Key	0000944792
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		826,921
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY
Entity Public Float			$ 0
Entity Interactive Data Current	Yes
Entity, File Number	0-25976
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	The Graham Building
Entity Address, Address Line Two	30 South 15th Street
Entity Address, Address Line Three	Suite 1200
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19102
City Area Code	215
Local Phone Number	351-4600

XML

16. EARNINGS PER SHARE COMPUTATION (Details) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Common stock equivalents	0	0

XML

3. Investments

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

3. Investments

3. INVESTMENTS

The amortized cost, gross unrealized holding gains and losses, and estimated fair value of the investment securities by major security type at December 31, 2016 and 2015 are as follows:

(In 000’s)	2016
		Gross	Gross
	Amortized	Unrealized	unrealized	Fair
	Cost	Gains	losses	Value
U.S. Government agency securities	$ 2,350	$ -	$ (82)	$ 2,268
Government Sponsored Enterprises  residential mortgage-backed securities	3,193	25	(38)	3,180
Investments in money market funds	130	-	-	130
	$ 5,673	$ 25	$ (120)	$ 5,578

	2015
		Gross	Gross
	Amortized	Unrealized	unrealized	Fair
	Cost	Gains	losses	Value
U.S. Government agency securities	$ 3,697	$ 3	$ (38)	$ 3,662
Government Sponsored Enterprises  residential mortgage-backed securities	3,774	36	(30)	3,780
Investments in money market funds	130	-	-	130
	$ 7,601	$ 39	$ (68)	$ 7,572

In 2016 and 2015, $5,450,000 and $1,600,000 in U.S. Government agencies securities were called, respectively. There were no gross gains or losses from these transactions during 2015.

There were no sales of securities in 2016 and 2015.

The table below indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2016 (in thousands):

	Number	Less than 12 months		12 months or longer		Total
Description of	Of	Fair	Unrealized	Fair	Unrealized	Fair	Unrealized
Securities	Securities	value	Losses	Value	Losses	value	Losses
U.S. Government
agency securities	7	$ 2,268	$ (82)	$ -	$ -	$ 2,268	$ (82)
Mortgage backed
Securities	10	2,026	(38)	-	-	2,026	(38)
Total temporarily
impaired investment
Securities	17	$ 4,294	$ (120)	$ -	$ -	$ 4,294	$ (120)

The table below indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2015 (in thousands):

	Number	Less than 12 months		12 months or longer		Total
Description of	Of	Fair	Unrealized	Fair	Unrealized	Fair	Unrealized
Securities	Securities	Value	Losses	Value	Losses	Value	Losses
U.S. Government
agency securities	9	$ 2,416	$ (32)	$ 243	$ (6)	$ 2,659	$ (38)
Mortgage backed
Securities	8	1,486	(19)	227	(11)	1,713	(30)
Total temporarily
impaired investment
Securities	17	$ 3,902	$ (51)	$ 470	$ (17)	$ 4,372	$ (68)

U.S. Government and Agency Securities. Unrealized losses on the Company’s investments in direct obligations of U.S. government agencies were caused by market rate changes. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at December 31, 2016 and 2015.

Residential Government Sponsored Enterprise Mortgage-Backed Securities. Unrealized losses on the Company’s investment in government sponsored enterprise mortgage-backed securities were caused by market rate changes. The Company purchased those investments at a discount relative to their face amount, and the contractual cash flows of those investments are guaranteed by an agency of the U.S. government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost bases of the Company’s investments. Because the decline in fair value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at December 31, 2016 and 2015.

The Company has a process in place to identify debt securities that could potentially have a credit impairment that is other than temporary. This process involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. On a quarterly basis, we review all securities to determine whether an other-than-temporary decline in value exists and whether losses should be recognized. The Company considers relevant facts and circumstances in evaluating whether a credit or interest rate-related impairment of a security is other than temporary. Relevant facts and circumstances considered include: (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events and (4) for fixed maturity securities, our intent to sell a security or whether it is more likely than not we will be required to sell the security before the recovery of its amortized cost which, in some cases, may extend to maturity and for equity securities, our ability and intent to hold the security for a period of time that allows for the recovery in value.

Maturities of investment securities at December 31, 2016 were as follows. Expected maturities may differ from contractual maturities because the underlying mortgages supporting mortgage backed securities may be prepaid without any penalties. Consequently, mortgage-backed securities are not presented by maturity category. 

(In 000’s)	Amortized	Fair
	Cost	Value
Due in one year	$         -	$         -
Due after one year through five years	-	-
Due after five years through ten years	2,350	2,268
Government-sponsored enterprises residential mortgage-backed securities	3,193	3,180
Total debt securities	5,543	5,448
Investments in money market funds	130	130
	$ 5,673	$ 5,578

As of December 31, 2016 and 2015, investment securities with a carrying value of $4,432,000 and $7,076,000, respectively, were pledged as collateral to secure public deposits and contingent borrowing at the Discount Window.

XML

12. Consolidated Financial Information-parent Company Only: Schedule of Condensed Cash Flow Statement (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Net cash provided by (used in) operating activities	$ (6,158,356)	$ 521,256
Cash and cash equivalents at beginning of year	10,782,098	3,236,582
Cash and cash equivalents at end of year	7,802,831	10,782,098
Parent Company
Cash flows from operating activities:
Net income (loss)	25,000	(495,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Equity in net income (loss) of subsidiary	(25,000)	495,000
Net cash provided by (used in) operating activities	0	0
Cash and cash equivalents at beginning of year	0	0
Cash and cash equivalents at end of year	$ 0	$ 0

XML

3. Investments: Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Amortized Cost, due in one year	$ 0
Fair Value, due in one year	0
Amortized Cost, due after one year through five years	0
Fair Value, due after one year through five years	0
Amortized Cost, due after five years through ten years	2,350,000
Fair Value, due after five years through ten years	2,268,000
Available-for-sale Securities, Amortized Cost Basis	5,673,000	$ 7,601,000
Available-for-sale, at fair value	5,578,159	7,572,029
Total debt securities, Amortized Cost Basis	5,543,000
Total debt securities, Fair Value	5,448,000
Government Sponsored Enterprises residential mortgage-backed securities
Available-for-sale Securities, Amortized Cost Basis	3,193,000	3,774,000
Available-for-sale, at fair value	3,180,000	3,780,000
Investments in money market funds
Available-for-sale Securities, Amortized Cost Basis	130,000	130,000
Available-for-sale, at fair value	$ 130,000	$ 130,000

XML

2. Cash and Due From Bank Balances (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Reserve balances, due from banks	$ 100,000	$ 100,000

XML

4. Loans and Allowance For Loan Losses: Schedule of Age Analysis of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Past Due Loans	$ 2,952	$ 3,635
Nonaccrual	2,087	3,003
Current Loans	23,883	29,884
Loans and Leases Receivable, Gross	26,835	33,519
Financing Receivables 30 To 89 Days Past Due
Past Due Loans	234	339
Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	631	293
Commercial And Industrial
Past Due Loans	378	450
Nonaccrual	108	439
Current Loans	1,771	2,612
Loans and Leases Receivable, Gross	2,149	3,062
Commercial And Industrial | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	27	11
Commercial And Industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	243	0
Commercial Real Estate Portfolio Segment
Past Due Loans	1,842	2,285
Nonaccrual	1,559	2,077
Current Loans	19,646	24,129
Loans and Leases Receivable, Gross	21,488	26,414
Commercial Real Estate Portfolio Segment | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	110	169
Commercial Real Estate Portfolio Segment | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	173	39
Consumer Real Estate
Past Due Loans	632	703
Nonaccrual	420	487
Current Loans	1,600	2,138
Loans and Leases Receivable, Gross	2,232	2,841
Consumer Real Estate | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	59	91
Consumer Real Estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	153	125
Consumer Real Estate | Home Equity Line of Credit
Past Due Loans	0	0
Nonaccrual	0	0
Current Loans	19	20
Loans and Leases Receivable, Gross	19	20
Consumer Real Estate | Home Equity Line of Credit | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	0
Consumer Real Estate | Home Equity Line of Credit | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	0	0
Consumer And Other Loans
Past Due Loans	100	197
Nonaccrual	0	0
Current Loans	866	1,005
Loans and Leases Receivable, Gross	966	1,202
Consumer And Other Loans | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	38	68
Consumer And Other Loans | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	62	129
Real estate
Past Due Loans		2,988
Nonaccrual		2,564
Current Loans		26,267
Loans and Leases Receivable, Gross		29,255
Real estate | Financing Receivables 30 To 89 Days Past Due
Past Due Loans		260
Real estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans		164
Commercial | Commercial And Industrial
Past Due Loans	33	110
Nonaccrual	33	110
Current Loans	857	1,425
Loans and Leases Receivable, Gross	890	1,535
Commercial | Commercial And Industrial | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	0
Commercial | Commercial And Industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	0	0
S B A Loans | Commercial And Industrial
Past Due Loans	0	40
Nonaccrual	0	40
Current Loans	0	0
Loans and Leases Receivable, Gross	0	40
S B A Loans | Commercial And Industrial | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	0
S B A Loans | Commercial And Industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	0	0
S B A Loans | Commercial Real Estate Portfolio Segment
Past Due Loans	255	271
Nonaccrual	93	271
Current Loans	0	82
Loans and Leases Receivable, Gross	255	353
S B A Loans | Commercial Real Estate Portfolio Segment | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	0
S B A Loans | Commercial Real Estate Portfolio Segment | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	162	0
Asset Based Loans | Commercial And Industrial
Past Due Loans	345	300
Nonaccrual	75	289
Current Loans	914	1,187
Loans and Leases Receivable, Gross	1,259	1,487
Asset Based Loans | Commercial And Industrial | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	27	11
Asset Based Loans | Commercial And Industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	243	0
Commercial Mortgages | Commercial Real Estate Portfolio Segment
Past Due Loans	1,281	1,543
Nonaccrual	1,270	1,335
Current Loans	10,104	12,231
Loans and Leases Receivable, Gross	11,385	13,774
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	169
Commercial Mortgages | Commercial Real Estate Portfolio Segment | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	11	39
Construction | Commercial Real Estate Portfolio Segment
Past Due Loans	0	0
Nonaccrual	0	0
Current Loans	542	2,175
Loans and Leases Receivable, Gross	542	2,175
Construction | Commercial Real Estate Portfolio Segment | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	0
Construction | Commercial Real Estate Portfolio Segment | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	0	0
Religious Organizations | Commercial Real Estate Portfolio Segment
Past Due Loans	306	471
Nonaccrual	196	471
Current Loans	9,000	9,641
Loans and Leases Receivable, Gross	9,306	10,112
Religious Organizations | Commercial Real Estate Portfolio Segment | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	110	0
Religious Organizations | Commercial Real Estate Portfolio Segment | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	0	0
Home Equity Loans | Consumer Real Estate
Past Due Loans	498	539
Nonaccrual	345	358
Current Loans	301	358
Loans and Leases Receivable, Gross	799	897
Home Equity Loans | Consumer Real Estate | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	56
Home Equity Loans | Consumer Real Estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	153	125
Family Residential Mortgage | Consumer Real Estate
Past Due Loans	134	164
Nonaccrual	75	129
Current Loans	1,280	1,760
Loans and Leases Receivable, Gross	1,414	1,924
Family Residential Mortgage | Consumer Real Estate | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	59	35
Family Residential Mortgage | Consumer Real Estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	0	0
Student Loans | Consumer And Other Loans
Past Due Loans	99	195
Nonaccrual	0	0
Current Loans	756	886
Loans and Leases Receivable, Gross	855	1,081
Student Loans | Consumer And Other Loans | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	38	66
Student Loans | Consumer And Other Loans | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	61	129
Other | Consumer And Other Loans
Past Due Loans	1	2
Nonaccrual	0	0
Current Loans	110	119
Loans and Leases Receivable, Gross	111	121
Other | Consumer And Other Loans | Financing Receivables 30 To 89 Days Past Due
Past Due Loans	0	2
Other | Consumer And Other Loans | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due Loans	$ 1	$ 0

XML

9. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Effective rate reconciliation
Tax at statutory rate (34%)	$ 8,000	$ (168,000)
Nondeductible expenses	9,000	8,000
Increase in valuation allowance	(31,000)	160,000
True-up of NOL	3,000	0
Other	11,000	0
Provision for income taxes	$ 0	$ 0

XML

11. Fair Value: Schedule of Inputs in Estimation of Fair Value of Level 3 Financial Instruments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loans held at fair value	$ 4,207,338	$ 2,458,930
Servicing asset	312,814	199,781
Loans Held At Fair Value
Balance, Starting	2,459,000	629,000
Origination of loans	2,068,000	2,017,000
Principal repayments	(324,000)	(185,000)
Change in fair value of financial instruments	4,000	(2,000)
Balance, Ending	4,207,000	2,459,000
Servicing Asset [Member]
Origination of loans	160,000	160,000
Change in fair value of financial instruments	(47,000)	(7,000)
Servicing asset at beginning	200,000	47,000
Servicing asset at end	313,000	200,000
Fair Value, Inputs, Level 3
Loans held at fair value	4,207,000	2,459,000
Servicing asset	$ 313,000	$ 200,000
Fair Value, Inputs, Level 3 | Loans Held At Fair Value
Principal valuation technique	Discounted cash flow	Discounted cash flow
Fair Value, Inputs, Level 3 | Loans Held At Fair Value | Fair Value, Measurements, Recurring | Minimum
Constant prepayment rate	7.53%	7.10%
Weighted average life	3 years 18 days	3 years 4 months 24 days
Weighted average discount rate	8.11%	7.76%
Projected default rate	0.77%	1.15%
Fair Value, Inputs, Level 3 | Loans Held At Fair Value | Fair Value, Measurements, Recurring | Maximum
Constant prepayment rate	9.62%	9.88%
Weighted average life	9 years 11 months 12 days	8 years 9 months 11 days
Weighted average discount rate	10.58%	9.94%
Projected default rate	6.64%	5.88%
Fair Value, Inputs, Level 3 | Servicing Asset [Member]
Principal valuation technique	Discounted cash flow	Discounted cash flow
Fair Value, Inputs, Level 3 | Servicing Asset [Member] | Fair Value, Measurements, Recurring | Minimum
Constant prepayment rate	4.89%	6.57%
Weighted average life	3 years 18 days	3 years 4 months 24 days
Weighted average discount rate	10.50%	11.94%
Fair Value, Inputs, Level 3 | Servicing Asset [Member] | Fair Value, Measurements, Recurring | Maximum
Constant prepayment rate	9.96%	10.27%
Weighted average life	9 years 8 months 12 days	8 years 9 months 11 days
Weighted average discount rate	15.31%	16.23%

XML

6. Other Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Components Of Other Real Estate Owned

The following schedule reflects the components of other real estate owned at December 31, 2016 and 2015:

(in 000’s)	2016	2015	2013
Commercial real estate	$ 298	$ 297	$ 191
Residential real estate	149	183	242
Total	$ 447	$ 480	$ 433

Schedule of Change in Other Real Estate Owned

A summary of the change in other real estate owned follows:

(in 000’s)	Year Ended December 31, 2016	Year Ended December 31, 2015
Beginning Balance	$ 480	$ 564
Additions, transfers from loans	-	148
Sales	(33)	(271)
	496	441
Write-ups (write-downs)	-	39
Ending Balance	$ 447	$ 480

Schedule of Components of Net Expense of Other Real Estate Owned

The following table details the components of net expense of other real estate owned.

(in 000’s)	Year ended December 31, 2016	Year ended December 31, 2015
Insurance	$ 23	$ 15
Legal fees	16	-
Foreclosure fees	56	-
Professional fees	4	-
Real estate taxes	21	14
Utilities	2	3
Transfer-in write-up	-	(88)
Impairment charges	-	49
Other	4	18
Total	$ 126	$ 11

XML

15. SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

15. SUBSEQUENT EVENTS

15. SUBSEQUENT EVENTS

In 2016, correspondence was sent to financial institutions in the region to encourage them to consider an investment for CRA credit. In March 2017, the Bank received a preferred stock investment from Fulton Financial totaling $675,000. As a result of this preferred stock investment, the Bank’s Tier 1 capital improved to 5.53% at March 31, 2017. In addition, in April 2019, the bank received an economic stimulus grant from the City of Philadelphia which improved its Tier I leverage capital ratio to 7.80%. Under PCA standards, the Bank is considered “well capitalized”.

XML

1. Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Components of Other Comprehensive Loss

Comprehensive loss includes net loss as well as certain other items that result in a change to equity during the period. The components of other comprehensive loss are as follows:

	December 31, 2016
(in 000’s)	Before tax	Tax	Net of tax
	amount	Benefit	Amount
Beginning balance	$   (30)	$     11	$  (19)
Unrealized loss on securities	(66)	22	(44)
Less: reclassification adjustment for gains
realized in net loss	-	-	-
Other comprehensive loss, net	(66)	23	(44)
Ending balance	$ (96)	$ 33	$ (63)

	December 31, 2015
	Before tax		Tax		Net of tax
	amount		Benefit		Amount
Beginning balance	$ (21)	$  8		$  (13)
Unrealized loss on securities:	(9)	3		(6)
Less: reclassification adjustment for gains
realized in net loss	-	-		-
Other comprehensive loss, net	(9)	3		(6)
Ending balance	$ (30)	$ 11		$ (19)