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LAND HELD FOR DEVELOPMENT
12 Months Ended
Dec. 31, 2012
LAND HELD FOR DEVELOPMENT  
LAND HELD FOR DEVELOPMENT

5.                      LAND HELD FOR DEVELOPMENT

 

WSB’s wholly owned subsidiary, WSB, Inc., previously was established to purchase land in Maryland to develop into single family building lots that were offered for sale to third parties.  The subsidiary also built homes on lots on a contract basis.  However, due to the current economy, the subsidiary has not purchased or participated in developing homes for the past fiscal years ending December 31, 2012 and 2011.