Note 19 - Condensed Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Condensed Balance Sheet [Table Text Block]

CONDENSED BALANCE SHEETS
In Thousands	December 31, 2012		December 31, 2011
Assets
Cash and due from banks	$	721	$	2,292
Investment in bank subsidiary		35,853		30,796
Other assets		145		–
Total assets	$	36,719	$	33,088
Liabilities and Stockholders’ Equity
Total liabilities	$	–	$	–
Stockholders’ equity:
Total stockholders’ equity		36,719		33,088
Total liabilities and stockholders’ equity	$	36,719	$	33,088

Schedule of Condensed Income Statement [Table Text Block]

CONDENSED STATEMENTS OF INCOME
In Thousands	For the year ended  December 31, 2012			For the year ended  December 31, 2011
Expenses	$	(140	)	$	(42	)
Net loss before income taxes		(140	)		(42	)
Income tax benefit		49			–
Net loss before equity in undistributed net income of subsidiary		(91	)		(42	)
Undistributed net income of subsidiary		4,687			1,961
Net Income	$	4,596		$	1,919

Schedule of Condensed Cash Flow Statement [Table Text Block]

CONDENSED STATEMENTS OF CASH FLOWS
In Thousands	For the year  ended December 31, 2012			For the year  ended December 31, 2011
Cash flows from operating activities:
Net income	$	4,596		$	1,919
Equity in undistributed net income of subsidiary bank		(4,687	)		(1,961	)
Increase in other assets		(145	)		–
Net cash flows used in operating activities	$	(236	)	$	(42	)
Cash flows from investing activities:
Capital contribution to bank subsidiary	$	–		$	–
Net cash flows used in investing activities	$	–		$	–
Cash flows from financing activities:
Issuance of preferred stock net of issuance costs	$	–		$	–
Preferred dividend payment		(1,335	)		–
Net cash flows used in financing activities	$	(1,335	)	$	–
Net decrease in cash and cash equivalents	$	(1,571	)	$	(42	)
Cash and cash equivalents, beginning		2,292			2,334
Cash and cash equivalents, ending	$	721		$	2,292