25. PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Corporation Only Condensed Balance Sheets

	2015			2014
ASSETS
Due from banks	$	1,445		$	1,091
Investment in subsidiaries		60,672			57,635
Other assets		589			687
Total Assets	$	62,706		$	59,413
LIABILITIES
Accrued interest payable	$	104		$	—
Accrued expenses and other liabilities		19			66
Trust preferred securities		16,496			16,496
Total Liabilities		16,619			16,562
STOCKHOLDERS’ EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,354,082 and 22,878,654 shares issued and outstanding at December 31, 2015 and 2014, respectively		46,708			45,757
Common stock warrants		764			1,176
Additional paid capital		13,965			13,672
Retained deficit		(15,023	)		(17,685	)
Accumulated other comprehensive loss		(327	)		(69	)
Total Stockholders’ Equity		46,087			42,851
Total Liabilities and Stockholders’ Equity	$	62,706		$	59,413

Parent Corporation Only Condensed Statements of Income (Loss)

(Dollars in Thousands)	2015		2014
Income
Miscellaneous income	$	13	$	15
Undistributed income of subsidiaries		3,295		1,056
Total income		3,308		1,071
Expenses
Trust preferred securities interest expense		440		545
Legal fees		23		126
Accounting fees		114		112
Other operating expenses		69		48
Total Expenses		646		831
Income before Income Taxes		2,662		240
Income Tax Expense (Benefit)		—		—
Net Income	$	2,662	$	240

Parent Corporation Only Condensed Statements of Cash Flows

(Dollars in Thousands)	2015			2014
Cash Flows From Operating Activities
Net income	$	2,662		$	240
Adjustments to reconcile net income to net cash used in operating activities:
Income of subsidiaries		(3,295	)		(1,056	)
Net change in:
Other assets		98			(43	)
Other liabilities		57			(2,475	)
Net Cash Used in Operating Activities		(478	)		(3,334	)
Cash Flows From Investing Activities
Investment in subsidiary		—			(1,750	)
Net Cash Used in Investing Activities		—			(1,750	)
Cash Flows From Financing Activities
Exercise of common stock warrants		832			1,760
Net Cash Provided by Financing Activities		832			1,760
Net increase (decrease) in Cash and Cash Equivalents		354			(3,324	)
Cash and Cash Equivalents, Beginning of year		1,091			4,415
Cash and Cash Equivalents, End of Year	$	1,445		$	1,091
Supplemental Disclosure of Cash Paid During the Year for:
Interest	$	327		$	2,508
Taxes	$	—		$	—