SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2012

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

NOTE I - SUBSEQUENT EVENTS

Management has evaluated, for consideration of recognition or disclosure, the effects of subsequent events on these financial statements through the date the financial statements were issued.  Management has determined that no significant events, other than what is discussed below, occurred after March 31, 2012, but prior to the issuance of these financial statements that would have a material impact on its Consolidated Financial Statements.

Security Capital Corporation, relying on Section 12(g)(4) of the Securities Exchange Act of 1934 as amended by the Jumpstart Our Business Startups Act, filed a Form 15 on April 17 to terminate the registration of its common stock and its duty to file reports with the Securities and Exchange Commission.  The Jumpstart Our Business Startups Act, which was signed into law on April 5, 2012, allows a bank or bank holding company with 1,200 or less shareholders of record to deregister.  The threshold for deregistration according to the number of shareholders was previously 300 or less.  The Board of Directors unanimously approved the filing of the Form 15.