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QUARTERLY DATA (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial information

The following is a table of quarterly results of operations for the years 2018, 2017 and 2016:

		Three Months Ended 2018
		March 31,				June 30,				September 30,				December 31,
		(dollars in thousands, except per share amounts)
2018
Rental and other property revenues		$	—			$	—			$	—			$	—
Total operating expenses			340				374				634				462
Operating loss			(340	)			(374	)			(634	)			(462	)
Other income, net of other expenses			1,042				1,081				1,201				1,556
Gain on sale of real estate land			—				—				7,323				—
Income before gain on land sales, non-contolling interest, and taxes			702				707				7,890				1,094
Income tax expense			—				—				(1,902	)			(281	)
Net income		$	702			$	707			$	5,988			$	813

PER SHARE DATA
Earnings per share - basic and diluted
Net income applicable to common shares		$	0.17			$	0.17			$	1.44			$	0.19
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 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 (loss) 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