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Note 20 - Condensed Parent Company Only Financial Statements | 12 Months Ended
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Dec. 31, 2015
Disclosure Text Block Supplement [Abstract] |
Condensed Financial Statements [Text Block] |
Note 20. | Condensed Parent Company Only Financial Statements
The following represent the condensed parent company only balance sheets at December 31, 2015 and 2014, and condensed statements of operations and cash flows for the years ended December 31, 2015, 2014, and 2013.
CONDENSED BALANCE SHEETS
December 31, 2015 and 2014
(in thousands) |  |  |  |  |  |  |  |
|  | 2015 |  |  | 2014 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 40 |  |  | $ | 395 |
Investment in subsidiaries |  |  | 70,141 |  |  |  | 67,050 |
Other assets |  |  | 221 |  |  |  | 231 |
Total assets |  | $ | 70,402 |  |  | $ | 67,676 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Borrowings |  |  | 8,248 |  |  |  | 8,248 |
Accrued expenses and other liabilities |  |  | 690 |  |  |  | 693 |
Shareholders' equity |  |  | 61,464 |  |  |  | 58,735 |
Total liabilities and shareholders' equity |  | $ | 70,402 |  |  | $ | 67,676 |
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
Years Ended December 31, 2015, 2014 and 2013
(in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiary bank |  | $ | - |  |  | $ | - |  |  | $ | - |
Total revenue |  |  | - |  |  |  | - |  |  |  | - |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest on subordinated debt |  |  | 294 |  |  |  | 438 |  |  |  | 293 |
Other expenses |  |  | 528 |  |  |  | 157 |  |  |  | 395 |
Total expenses |  |  | 822 |  |  |  | 595 |  |  |  | 688 |
Loss before equity in undistributed net loss of subsidiaries |  |  | (822 | ) |  |  | (595 | ) |  |  | (688 | )
Equity in undistributed net income (loss) of subsidiaries |  |  | 2,965 |  |  |  | 16,304 |  |  |  | (6,601 | )
Net Income (loss) |  | $ | 2,143 |  |  | $ | 15,709 |  |  | $ | (7,289 | )
Total Other comprehensive income (loss) |  | $ | 2,268 |  |  | $ | 16,619 |  |  | $ | (7,858 | )
(in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net Income (loss) |  | $ | 2,143 |  |  | $ | 15,709 |  |  | $ | (7,289 | )
Adjustments to reconcile net income (loss) to net cash (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed (income) loss of subsidiaries |  |  | (2,965 | ) |  |  | (16,304 | ) |  |  | 6,601 |
Share-based compensation expense |  |  | 461 |  |  |  | 275 |  |  |  | 131 |
Change in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Decrease (Increase) in other assets |  |  | 9 |  |  |  | (30 | ) |  |  | 85 |
(Decrease) increase in accrued expenses and other liabilities |  |  | (3 | ) |  |  | (1,084 | ) |  |  | 323 |
Net cash (used in) operating activities |  |  | (355 | ) |  |  | (1,434 | ) |  |  | (149 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Net investment provided by (used in) bank subsidiary |  |  | - |  |  |  | 95 |  |  |  | (500 | )
Net cash provided by (used in) investing activities |  |  | - |  |  |  | 95 |  |  |  | (500 | )
Net decrease in cash and cash equivalents |  |  | (355 | ) |  |  | (1,339 | ) |  |  | (649 | )
Cash and cash equivalents at beginning of year |  |  | 395 |  |  |  | 1,734 |  |  |  | 2,383 |
Cash and cash equivalents at end of year |  | $ | 40 |  |  | $ | 395 |  |  | $ | 1,734 |
Supplemental Disclosures of Cash Flow Information |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | - |  |  | $ | 1,704 |  |  | $ | - |
Accrued dividends declared on common stock |  | $ | - |  |  | $ | - |  |  | $ | - |

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- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 10 -Paragraph f -Article 3 + Details
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