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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 846 $ 1,027
Interest-bearing deposits with banks 926 186
Federal funds sold 20,516 13,154
Total cash and cash equivalents 22,288 14,367
Securities available for sale 38,851 0
Securities held to maturity (fair value of $100 and $48,839) 100 51,057
Loans, net of allowance for loan losses of $3,075 and $3,703 102,138 113,542
Federal Home Loan Bank stock 2,672 3,173
Premises and equipment, net 2,736 2,796
Foreclosed real estate, net 5,734 3,215
Accrued interest receivable 597 644
Income taxes receivable 772 772
Other assets 269 739
Total assets 176,157 190,305
Liabilities and Stockholders' Equity (Deficit)    
Noninterest-bearing demand deposits 417 309
Savings, NOW and money-market deposits 35,882 36,654
Time deposits 101,272 111,275
Total deposits 137,571 148,238
Federal Home Loan Bank advances 31,700 31,700
Junior subordinated debenture 5,155 5,155
Advanced payment by borrowers for taxes and insurance 1,051 806
Official checks 854 815
Other liabilities 993 756
Total liabilities 177,324 187,470
Stockholders' equity (deficit):    
Preferred stock, no par value; 6,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $.01 par value; 1,500,000 shares authorized, 819,358 shares issued and outstanding 8 8
Additional paid-in capital 19,071 19,071
Accumulated deficit (19,371) (16,244)
Accumulated other comprehensive loss (875) 0
Total stockholders' equity (deficit) (1,167) 2,835
Total liabilities and stockholders' equity (deficit) $ 176,157 $ 190,305