2.4.0.80009 - Disclosure - 2. Enforcement Actions and Going Concern Considerationstruefalsefalse1falsefalsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001434743duration2013-01-01T00:00:002013-06-30T00:00:001true1FFIS_NotesToFinancialStatementsAbstractFFIS_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2FFIS_EnforcementActionsAndGoingConcernConsiderationsTextBlockFFIS_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Consent Order.</i>  During 2009, the FDIC conducted
a periodic examination of the Bank.  As a consequence of this examination, effective February 25, 2010, the Bank
entered into a Stipulation to the Issuance of a Consent Order (the Stipulation) agreeing to the issuance of a Consent Order (the
Consent Order) with the FDIC and the Commissioner.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although the Bank neither admitted nor denied any unsafe or unsound
banking practices or violations of law or regulation, it agreed to the Consent Order, which requires the Bank or its Board of Directors
to undertake a number of actions:</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">enhance its supervision of the Bank’s activities.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">assess the management team to ensure executive officers have the skills, training, abilities, and experience needed.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%; text-align: justify"><font style="font-size: 8pt">develop and implement a plan for achieving and maintaining Tier 1 Capital of at least 8% of total assets, a Total Risk Based Capital Ratio of at least 12%, and a fully funded allowance for loan and lease losses.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">strengthen the Allowance policy of the Bank.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">develop and implement a strategic plan.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%; text-align: justify"><font style="font-size: 8pt">not extend additional credit to any borrower who had a loan with the Bank that was charged off or who has a current loan that is classified “Loss” or “Doubtful”.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">formulate a detailed plan to collect, charge off or improve the quality of each of its “Substandard” or “Doubtful” loans.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%; text-align: justify"><font style="font-size: 8pt">reduce loans in excess of $250,000 and classified as “Substandard” or “Doubtful” in accordance with a schedule required by the supervisory authorities.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%; text-align: justify"><font style="font-size: 8pt">cause full implementation of its loan underwriting, loan administration, loan documentation, and loan portfolio management policies.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%">
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">adopt a loan review and grading system.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p></td></tr>
<tr>
<td> </td>
<td style="vertical-align: top"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"><font style="font-size: 8pt">develop a plan to systematically reduce the concentration in a limited group of borrowers.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">  </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">enhance its review of its liquidity and implement a liquidity contingency and asset/liability management plan.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%">
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">implement a plan and 2010 budget designed to improve and sustain
earnings.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p></td></tr>
<tr>
<td> </td>
<td style="vertical-align: top"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top">
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">implement internal routine and control policies addressing concerns
to enhance its safe and sound operation.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p></td></tr>
<tr>
<td> </td>
<td style="vertical-align: top"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top; text-align: justify"><font style="font-size: 8pt">implement a comprehensive internal audit program and cause an effective system of internal and external audits to be in place.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">implement a policy for managing its “owned real estate”.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">forebear from soliciting and accepting “brokered deposits” without approval.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">limit growth to 10% per year.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">not pay dividends without prior approval.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">implement policies to enhance the handling of transactions with officers and directors.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">correct any violations of laws and regulations.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
<td style="width: 3%"> </td>
<td style="vertical-align: top; width: 2%"><font style="font-size: 8pt">•</font></td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 94%"><font style="font-size: 8pt">make quarterly progress reports.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The foregoing description is a summary of the material terms of the
Consent Order and is qualified in its entirety by reference to the Consent Order.  The Consent Order will remain in effect
until modified or terminated by the FDIC and the Commissioner.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The plans, policies, and procedures which the Bank is required to
prepare under the Consent Order are subject to approval by the supervisory authorities before implementation.  During
the period a consent order, having the general provisions discussed above, is in effect, the financial institution is discouraged
from requesting approval to either expand through acquisitions or open additional branches.  Accordingly, the Bank will
defer expanding its current markets or entering into new markets through acquisition or branching until the Consent Order is terminated.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Written Agreement.</i>  As a direct consequence of the
issuance of the Consent Order and the requirement the Company serve as a source of strength for the Bank, the Company executed
a written agreement (the Written Agreement) with the Federal Reserve Bank of Richmond (the Federal Reserve Bank), effective
October 13, 2010.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although the Company neither admitted nor denied any unsafe or unsound
banking practices or violations of law or regulation, it agreed to the Written Agreement, which requires it to undertake a number
of actions, including, among other things that the Company or its Board of Directors shall:</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: right"><font style="font-size: 8pt">·  </font></td>
<td style="text-align: justify"><font style="font-size: 8pt">take appropriate steps to fully utilize the Company’s financial and managerial resources, to serve as a source of strength to the Bank.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: right"><font style="font-size: 8pt">·  </font></td>
<td><font style="font-size: 8pt">not declare or pay any dividends without approval.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: right"><font style="font-size: 8pt">·  </font></td>
<td><font style="font-size: 8pt">not directly or indirectly take dividends from the Bank without approval.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: right"><font style="font-size: 8pt">·  </font></td>
<td><font style="font-size: 8pt">not directly or indirectly, incur, increase, or guarantee any debt without approval.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: right"><font style="font-size: 8pt">·  </font></td>
<td style="text-align: justify"><font style="font-size: 8pt">not directly or indirectly, purchase or redeem any shares of its stock without approval.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: right"><font style="font-size: 8pt">·  </font></td>
<td style="text-align: justify"><font style="font-size: 8pt">comply with the notice provisions of the Federal Deposit Insurance Act (the FDI Act) and Regulation Y of the Federal Reserve related to changes in executive officers and compensation matters.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 48px; text-align: right"><font style="font-size: 8pt">·  </font></td>
<td style="text-align: justify"><font style="font-size: 8pt">submit a written capital plan that is acceptable to the Federal Reserve Bank, implement the approved plan, and thereafter fully comply with it.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and the Bank have taken and continue to take action to
respond to the issues raised in the Consent Order and the Written Agreement.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Going Concern Considerations </i></p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The going concern assumption is a fundamental principle in the preparation
of financial statements.  It is the responsibility of management to assess the Company’s ability to continue as
a going concern.  In assessing this assumption, the Company has taken into account all available information about the
future, which is at least, but is not limited to, 12 months from the balance sheet date.  The Bank suffered recurring
losses that eroded regulatory capital ratios during 2009, 2010, and 2011, resulting from the extraordinary effects of what may
ultimately be the worst economic downturn since the Great Depression.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The effects of the uncertain economic environment are being felt
across many industries, with financial services and residential real estate being particularly hard hit.  The effects
of the economic downturn were particularly severe during 2009, 2010, and 2011.  The Bank, with a loan portfolio consisting
of a concentration in commercial real estate loans, has seen a decline in the value of the collateral securing its portfolio, as
well as rapid deterioration in its borrowers’ cash flow and ability to repay their outstanding loans to the Bank.  As
a result, the Bank’s level of nonperforming assets increased substantially during 2010 and 2011.  For 2012, the
Bank recorded a $5.3 million provision to increase the allowance for loan losses to a level which, in management’s best judgment,
adequately reflected the risk inherent in the loan portfolio as of December 31, 2012.  Nevertheless, given the current
economic climate, management recognizes the possibility of further deterioration in the loan portfolio during 2013.  For
2012, the Bank recorded net loan charge-offs of $5.2 million, or 1.32% of average loans, as compared to net loan charge-offs of
$21.4 million, or 4.66% of average loans, for 2011.  For the six months ended June 30, 2013, the Bank recorded net loan
charge-offs of $1.1 million, or 0.57% of average loans, as compared to net loan charge-offs of $2.4 million, or 1.19% of average
loans for the same period of 2012.  Although the Company was profitable in 2012 and the first half of 2013, and asset
quality has significantly improved during the past year, the Company’s low capital ratios have placed it in a weakened position
to respond to adverse unforeseen events in the future.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and the Bank operate in a highly regulated industry and
must plan for the liquidity needs of each entity separately.  A variety of sources of liquidity are available to the
Bank to meet its short-term and long-term funding needs.  Although a number of these sources have been limited following
execution of the Consent Order with the FDIC and the Commissioner and the Written Agreement with the Federal Reserve Bank, management
has prepared forecasts of these sources of funds and the Bank’s projected uses of funds during the next 12 months in an effort
to ensure the sources available are sufficient to meet the Bank’s projected liquidity needs for at least the next 12 months,
but if the Bank is unable to meet its liquidity needs, then the Bank may be placed into a federal conservatorship or receivership
by the FDIC, with the FDIC appointed conservator or receiver.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company relies on dividends from the Bank as its primary source
of liquidity.  The Company is a legal entity separate and distinct from the Bank.  Various legal limitations
restrict the Bank from lending or otherwise supplying funds to the Company to meet its obligations, including paying dividends.  In
addition, the terms of the Consent Order described above further limit the Bank’s ability to pay dividends to the Company
to satisfy its funding needs.  Due to the regulatory restrictions which exist, that restrict cash payments between the
Bank and the Company, the Company may be unable to realize its assets and discharge its liabilities in the normal course of business,
in which cash the Company could be liquidated. </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will also need to raise substantial additional capital
to increase its capital levels to meet the standards set forth by the Consent Order and Written Agreement.  The Company’s
ability to raise additional capital depends on conditions in the capital markets, economic conditions, and the Company’s
financial performance and conditions, among other factors.  Given the current state of the equity markets and the Company’s
financial performance and condition, the Company’s ability to raise capital in the next 12 months and remain an independent
institution is unknown.  If additional equity cannot be secured, or can only be secured at an unexpectedly high cost,
this could adversely affect the Company and could result in the Bank being placed in conservatorship or receivership by the FDIC
or the Commissioner, and the Company could be liquidated.</p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These matters raise substantial doubt about the Company’s ability
to continue as a going concern.  As a result of management’s assessment of the Company’s ability to continue
as a going concern, the accompanying consolidated financial statements for the Company have been prepared on a going concern basis,
which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable
future, and does not include any adjustments to reflect the possible future effects on the recoverability or classification of
assets.</p>falsefalsefalsenonnum:textBlockItemTypenaCustom Element.No definition available.false0false2. Enforcement Actions and Going Concern ConsiderationsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://ffsmortgages.com/role/EnforcementActionsAndGoingConcernConsiderations12