Parent Company Financial Information

12 Months Ended

Dec. 31, 2011

Parent Company Financial Information [Abstract]

Parent Company Financial Information

Note 15. Parent Company Financial Information

Information as to the financial position of CommerceFirst Bancorp, Inc. as of December 31, 2011 and 2010 and results of operations and cash flows for the years then ended follows:

In thousands	December 31,		December 31,
Statements of Financial Condition	2011		2010
Assets
Cash in CommerceFirst Bank	$	1,202	$	1,448
Investment in subsidiary		22,917		20,957
Other assets		152		—
	$	24,271	$	22,405
Liabilities and Stockholders’ Equity
Accrued expenses	$	91	$	40
Stockholders’ equity		24,180		22,365
	$	24,271	$	22,405

	Year ended			Year ended
In thousands	December 31,			December 31,
Statements of Operations	2011			2010
Interest income from deposit in CommerceFirst Bank	$	6		$	9
Administrative expenses		226			145
Loss before equity in undistributed net income of bank subsidiary and income tax benefit		(220	)		(136	)
Income tax benefit		75			46
Loss before equity in undistributed net income of bank subsidiary		(145	)		(90	)
Equity in undistributed net income of bank subsidiary		1,960			1,513
Net income	$	1,815		$	1,423

	Year ended			Year ended
In thousands	December 31,			December 31,
Statements of Cash Flows	2011			2010
Cash flows from operating activities:
Net income	$	1,815		$	1,423
Equity in undistributed earnings of bank subsidiary		(1,960	)		(1,513	)
Increase in other assets		(152	)		—
Increase in payables		51			2
Net cash used in operating activities		(246	)		(88	)
(Decrease) in cash and cash equivalents		(246	)		(88	)
Cash and cash equivalents at beginning of period		1,448			1,536
Cash and cash equivalents at end of period	$	1,202		$	1,448