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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (331) $ (176)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 78 81
Gain on sale of securities available for sale (45) (32)
Net amortization of fees, premiums and discounts 115 140
Common stock issued as compensation to directors 222 217
Common stock issued as compensation for services 128  
Increase in other assets (136) (284)
Decrease (increase) in accrued interest receivable 112 (10)
(Decrease) increase in official checks and other liabilities (38) 644
Net cash provided by operating activities 105 580
Cash flows from investing activities:    
Purchases of securities available for sale (8,985) (3,236)
Principal repayments, sales and calls of securities 1,891 2,225
Net decrease (increase) in loans 3,128 (6,861)
Proceeds from sale of securities available for sale 9,848 1,986
Purchase of premises and equipment (81) (10)
Proceeds from sale of foreclosed real estate, net 1,617 610
(Purchase) redemption of Federal Home Loan Bank stock (51) 146
Net cash provided by (used in) investing activities 7,367 (5,140)
Cash flows from financing activities:    
Net (decrease) increase in deposits (5,430) 7,118
Net increase in advanced payment by borrowers for taxes and insurance 307 382
Proceeds from sale of common stock 375  
Proceeds from sale of preferred stock 75 50
Net Increase in FHLB Advances 500  
Net cash (used in) provided by financing activities (4,173) 7,550
Net increase in cash and cash equivalents 3,299 2,990
Cash and cash equivalents at beginning of the period 10,365 12,074
Cash and cash equivalents at end of the period 13,664 15,064
Cash paid during the period for:    
Interest 446 356
Noncash transactions:    
Change in accumulated other comprehensive income (loss), net change in unrealized gain (loss) on securities available for sale $ 224 $ (114)