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Holding Company Financial Information
12 Months Ended
Dec. 31, 2012
Holding Company Financial Information  
Holding Company Financial Information
(19)  Holding Company Financial Information
 The Holding Company's unconsolidated financial information as of December 31, 2012 and 2011 and for the years then ended follows (in thousands):
 
Condensed Balance Sheets
 
    At December 31,  
    2012     2011  
       Assets
           
             
Cash
  $ 109     $ 46  
Investment in subsidiary
    12,261       11,992  
Other assets
    180       230  
                 
Total assets
  $ 12,550     $ 12,268  
                 
       Liabilities and Stockholders' Equity
               
                 
Other liabilities
  $ 485     $ 327  
Junior subordinated debenture
    5,155       5,155  
Stockholders' equity
    6,910       6,786  
                 
Total liabilities and stockholders' equity
  $ 12,550     $ 12,268  
 

Condensed Statements of Operations

      Year Ended December 31,  
      2012       2011  
Loss of subsidiary
  $ (4,302 )   $ (3,473 )
Interest expense
    (158 )     (148 )
Other expense
    (237 )     (126 )
                 
    Net loss
  $ (4,697 )   $ (3,747 )
 
Condensed Statements of Cash Flows
 
   
Year Ended December 31,
 
   
2012
   
2011
 
Cash flows from operating activities:
           
Net loss
  $ (4,697 )   $ (3,747 )
Adjustments to reconcile net loss to net cash
               
  used in operating activities:
               
Equity in undistributed loss of subsidiary
    4,302       3,473  
Decrease (increase) in other assets
    50       (50 )
Increase in accrued other liabilities
    158       148  
                 
Net cash used in operating activities
    (187 )     (176 )
                 
Cash flow from investing activity-
               
Investment in subsidiary
    (3,407 )     (8,586 )
                 
Cash flows from financing activity-
               
Proceeds from sale of common stock, net
    3,657       8,636  
                 
Net increase (decrease) in cash
    63       (126 )
                 
Cash at beginning of the year
    46       172  
                 
Cash at end of year
  $ 109     $ 46  
                 
Noncash transactions-
               
Change in accumulated other comprehensive income
               
(loss) of subsidiary, net change in unrealized loss
               
on securities available for sale
  $ 1,164     $ (938 )