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Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Loss Per Share [Abstract]  
Earning per share to common shareholders
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2012     2011     2012     2011  
(in thousands)                        

Net loss

  $ (888 )    $ (2,269 )    $ (1,226 )    $ (2,140 ) 

Less: Accretion of discount on preferred stock

    (18 )      (17 )      (35 )      (33 ) 

Dividends on preferred stock

    (95 )      (95 )      (190 )      (190 ) 

Loss available to common shareholders

  $ (1,001 )    $ (2,381 )    $ (1,451 )    $ (2,363 ) 
Number of shares used in computation of basic and diluted earnings per share
                                 

Weighted Average Shares outstanding

    1,245,267       1,245,267       1,245,267       1,245,267  

Effect of dilutive securities:

                               

Stock options

    —         —         —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Shares used to compute diluted loss per share

    1,245,267       1,245,267       1,245,267       1,245,267  
   

 

 

   

 

 

   

 

 

   

 

 

 

Loss per share:

                               

Basic

  $ (0.80 )    $ (1.91 )    $ (1.16 )    $ (1.90 ) 

Diluted

    (0.80 )      (1.91 )    $ (1.16 )    $ (1.90 )