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QUARTERLY DATA

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY DATA

NOTE 7. QUARTERLY DATA

The following is a table of quarterly results of operations for the years 2020, 2019 and 2018:

		Three Months Ended 2020
		March 31,				June 30,				September 30,				December 31,
		(dollars in thousands, except per share amounts)
2020
Revenue from operations		$	—			$	—			$	—			$	—
Total operating expenses			414				431				339				405
Operating loss			(414	)			(431	)			(339	)			(405	)
Other income, net of other expenses			1,479				2,032				1,302				2,110
Income before gain on land sales, non-contolling interest, and taxes			1,065				1,601				963				1,705
Income tax expense			224				336				202				358
Net income		$	841			$	1,265			$	761			$	1,347
PER SHARE DATA
Earnings per share - basic and diluted
Net income applicable to common shares		$	0.20			$	0.30			$	0.18			$	0.32
Weighted average common shares used in computing earnings per share			4,168,414				4,168,414				4,168,414				4,168,414

		Three Months Ended 2019
		March 31,				June 30,				September 30,				December 31,
		(dollars in thousands, except per share amounts)
2019
Revenue from operations		$	—			$	—			$	—			$	—
Total operating expenses			414				448				368				358
Operating loss			(414	)			(448	)			(368	)			(358	)
Other income, net of other expenses			1,642				1,824				1,672				1,673
Income before gain on land sales, non-contolling interest, and taxes			1,228				1,376				1,304				1,315
Income tax expense			258				289				274				257
Net income (loss)		$	970			$	1,087			$	1,030			$	1,058
PER SHARE DATA
Earnings per share - basic and diluted
Net income (loss) applicable to common shares		$	0.23			$	0.26			$	0.25			$	0.25
Weighted average common shares used in computing earnings per share			4,168,214				4,168,214				4,168,214				4,168,414

		Three Months Ended 2018
		March 31,				June 30,				September 30,				December 31,
		(dollars in thousands, except per share amounts)
2018
Revenue from operations		$	—			$	—			$	—			$	—
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
Giain 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 (loss)		$	702			$	707			$	5,988			$	813
PER SHARE DATA
Earnings per share - basic and diluted
Net income (loss) 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

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- References

No definition available.

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- Definition

The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-URI http://asc.fasb.org/topic&trid=2126967

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