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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2012
Condensed Balance Sheets | CONDENSED BALANCE SHEETS
|  | September 30, 2012 |  |  | December 31, 2011 |
|  | (unaudited) |  |  |  |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5,193 |  |  | $ | 560 |
Investment in banking subsidiary |  |  | 23,552 |  |  |  | 13,827 |
Investment in and advances to other subsidiaries |  |  | 1,222 |  |  |  | 1,212 |
Other assets |  |  | 8 |  |  |  | 264 |
Total assets |  | $ | 29,975 |  |  | $ | 15,863 |
Liabilities and Equity |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 5,155 |  |  | $ | 5,155 |
Accrued expenses and other liabilities |  |  | 458 |  |  |  | 764 |
Stockholders’ equity |  |  | 24,362 |  |  |  | 9,944 |
Total liabilities and stockholders’ equity |  | $ | 29,975 |  |  | $ | 15,863 |
Condensed Statements of Operations | CONDENSED STATEMENTS OF OPERATIONS
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Interest expense |  | $ | 46 |  |  | $ | 42 |  |  | $ | 138 |  |  | $ | 125 |
Other expense |  |  | 139 |  |  |  | 138 |  |  |  | 274 |  |  |  | 540 |
Loss before income tax and undistributed subsidiaries’ operations |  |  | (185 | ) |  |  | (180 | ) |  |  | (412 | ) |  |  | (665 | )
Income tax (expense) benefit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Effect of subsidiaries’ operations |  |  | (1,724 | ) |  |  | (255 | ) |  |  | (2,920 | ) |  |  | (3,401 | )
Net loss |  | $ | (1,909 | ) |  | $ | (435 | ) |  | $ | (3,332 | ) |  | $ | (4,066 | )
Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
|  | Nine months ended September 30, |
|  | 2012 |  |  | 2011 |
Cash flows from operating activities |  |  |  |  |  |  |  |
Net loss |  | $ | (3,332 | ) |  | $ | (4,066 | )
Adjustments: |  |  |  |  |  |  |  |
Effect of subsidiaries’ operations |  |  | 2,920 |  |  |  | 3,401 |
Change in other assets and other liabilities |  |  | 462 |  |  |  | (156 | )
Net cash from operating activities |  |  | 50 |  |  |  | (821 | )
Cash flows from investing activities |  |  |  |  |  |  |  |
Investments in banking subsidiary |  |  | (13,500 | ) |  |  | — |
Investments in other subsidiaries |  |  | (2 | ) |  |  | 525 |
Net cash from investing activities |  |  | (13,502 | ) |  |  | 525 |
Cash flows from financing activities |  |  |  |  |  |  |  |
Redemption of TARP obligations |  |  | (3,000 | ) |  |  | — |
Net proceeds from issuance of common stock |  |  | 21,085 |  |  |  | — |
Net cash from financing activities |  |  | 18,085 |  |  |  | — |
Net change in cash and cash equivalents |  |  | 4,633 |  |  |  | (296 | )
Beginning cash and cash equivalents |  |  | 560 |  |  |  | 745 |
Ending cash and cash equivalents |  | $ | 5,193 |  |  | $ | 449 |

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