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QUARTERLY DATA
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY DATA
NOTE 9. QUARTERLY DATA

  

The following is a table of quarterly results of operations for the years 2017, 2016 and 2015:

  

    Three Months Ended 2017  
    March 31,     June 30,     September 30,     December 31,  
    (dollars in thousands, except per share amounts)  
2017                        
Rental and other property revenues   $ —     $ —     $ —     $ —  
Total operating expenses     352       360       312       324  
Operating loss     (352 )     (360 )     (312 )     (324 )
Other income, net of other expenses     1,089       1,369       924       1,105  
Income before gain on land sales, non-contolling interest, and taxes     737       1,009       612       781  
Income tax expense     —       —       —       (1,631 )
Net income (loss)   $ 737     $ 1,009     $ 612     $ (850 )
                                 
PER SHARE DATA                                
Earnings per share - basic and diluted                                
Net income applicable to common shares   $ 0.18     $ 0.24     $ 0.15     $ (0.20 )
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 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