25. PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Corporation Only Condensed Balance Sheets

ASSETS		2016		2015
Due from banks	$	813	$	1,445
Investment in subsidiaries		62,158		60,672
Other assets		587		589
Total Assets	$	63,558	$	62,706
LIABILITIES
Accrued interest payable	$	125	$	104
Accrued expenses and other liabilities		20		19
Trust preferred securities		16,496		16,496
Total Liabilities		16,641		16,619
STOCKHOLDERS’ EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,354,457 and 23,354,082 shares issued and outstanding at December 31, 2016 and 2015, respectively		46,709		46,708
Common stock warrants		764		764
Additional paid capital		13,965		13,965
Retained deficit		(14,065)		(15,023)
Accumulated other comprehensive loss		(456)		(327)
Total Stockholders’ Equity		46,917		46,087
Total Liabilities and Stockholders’ Equity	$	63,558	$	62,706

Parent Corporation Only Condensed Statements of Income (Loss)

(Dollars in Thousands)		2016		2015
Income
Miscellaneous income	$	15	$	13
Undistributed income of subsidiaries		1,615		3,295
Total income		1,630		3,308
Expenses
Trust preferred securities interest expense		508		440
Legal fees		17		23
Accounting fees		88		114
Other operating expenses		59		69
Total Expenses		672		646
Income before Income Taxes		958		2,662
Income Tax Expense (Benefit)		-		-
Net Income	$	958	$	2,662

Parent Corporation Only Condensed Statements of Cash Flows

(Dollars in Thousands)		2016		2015
Cash Flows From Operating Activities
Net income	$	958	$	2,662
Adjustments to reconcile net income to net cash used in operating activities:
Income of subsidiaries		(1,615)		(3,295)
Net change in:
Other assets		2		98
Other liabilities		22		57
Net Cash Used in Operating Activities		(633)		(478)
Cash Flows From Financing Activities
Exercise of common stock warrants		1		832
Net Cash Provided by Financing Activities		1		832
Net increase (decrease) in Cash and Cash Equivalents		(632)		354
Cash and Cash Equivalents, Beginning of year		1,445		1,091
Cash and Cash Equivalents, End of Year	$	813	$	1,445
Supplemental Disclosure of Cash Paid During the Year for:
Interest	$	487	$	327
Taxes	$	-	$	-