QUARTERLY DATA (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial information

The following is a table of quarterly results of operations for the years 2016, 2015 and 2014:

	Three Months Ended 2016
	March 31,			June 30,			September 30,			December 31,
	(dollars in thousands, except per share amounts)
2016
Rental and other property revenues	$	—		$	—		$	—		$	—
Total operating expenses		318			342			343			289
Operating loss		(318	)		(342	)		(343	)		(289	)
Other income, net of other expenses		1,211			1,085			1,095			1,103
Income before gain on land sales, non-contolling interest, and taxes		893			743			752			814
Income tax expense		—			—			(25	)		(1,096	)
Net income (loss)	$	893		$	743		$	727		$	(282	)
PER SHARE DATA
Earnings per share - basic and diluted
Net income (loss) applicable to common shares	$	0.21		$	0.18		$	0.17		$	(0.07	)
Weighted average common shares used in computing earnings per share		4,168,214			4,168,214			4,168,214			4,168,214

	Three Months Ended 2015
	March 31,			June 30,			September 30,			December 31,
	(dollars in thousands, except per share amounts)
2015
Rental and other property revenues	$	—		$	—		$	—		$	—
Total operating expenses		401			352			345			320
Operating loss		(401	)		(352	)		(345	)		(320	)
Other income, net of other expenses		955			955			1,025			789
Income before gain on land sales, non-contolling interest, and taxes		554			603			680			469
Income tax expense		—			—			—			(807	)
Net income (loss)	$	554		$	603		$	680		$	(338	)
PER SHARE DATA
Earnings per share—basic and diluted
Net income (loss) applicable to common shares	$	0.13		$	0.14		$	0.16		$	(0.08	)
Weighted average common shares used in computing earnings per share		4,168,214			4,168,214			4,168,214			4,168,214

	Three Months Ended 2014
	March 31,			June 30,			September 30,			December 31,
	(dollars in thousands, except per share amounts)
2014
Rental and other property revenues	$	—		$	—		$	—		$	—
Total operating expenses		390			363			380			385
Operating loss		(390	)		(363	)		(380	)		(385	)
Other income, net of other expenses		949			1,058			1,003			1,013
Income before gain on land sales, non-controlling interest, and taxes		559			695			623			628
Income tax expense		—			—			—			(946	)
Net income (loss)	$	559		$	695		$	623		$	(318	)
PER SHARE DATA
Earnings per share—basic and diluted
Net income (loss) applicable to common shares	$	0.13		$	0.17		$	0.15		$	(0.08	)
Weighted average common shares used in computing earnings per share		4,168,214			4,168,214			4,168,214			4,168,214