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	$ -	$ -