Parent Company Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

Parent Company Condensed Financial Statements [Abstract]

Parent Company Condensed Balance Sheets

Following are condensed parent company financial statements.

Condensed Balance Sheets
December 31,	2012		2011
Assets
Cash on deposit at subsidiary bank - noninterest bearing	$	299	$	538
Investment in wholly-owned subsidiary bank		29,844		40,989
Investment in wholly-owned subsidiary company		43		26
Other assets		358		339
Total assets	$	30,544	$	41,892
Liabilities and Stockholders' Equity
Accounts payable and other liabilities	$	4,301	$	3,043
Subordinated debentures		10,310		10,310
Total liabilities		14,611		13,353
Stockholders' equity		15,933		28,539
Total liabilities and stockholders' equity	$	30,544	$	41,892

Parent Company Condensed Statements of Operations

Condensed Statements of Operations
Years ended December 31,	2012			2011			2010
Operating income
Other operating income	$	14		$	7		$	11
Operating expenses
Interest expense		256			234			381
Other operating expenses		354			354			438
Total operating expenses		610			588			819
Loss before income taxes and equity in undistributed loss of wholly-owned subsidiaries		(596	)		(581	)		(808	)
Income tax benefit		0			0			0
Loss before equity in undistributed loss of wholly owned subsidiaries		(596	)		(581	)		(808	)
Equity in undistributed loss of NorStates Bank		(12,001	)		(6,106	)		(5,554	)
Equity in undistributed earnings of NorProperties, Inc		17			0			0
Net loss	$	(12,580	)	$	(6,687	)	$	(6,362	)

Parent Company Condensed Statements of Cash Flows

Condensed Statements of Cash Flows
Years ended December 31,	2012			2011			2010
Cash flows from operating activities
Loss	$	(12,580	)	$	(6,687	)	$	(6,362	)
Adjustments to reconcile net income to net cash from operating activities
Equity in undistributed loss of NorStates Bank		12,001			6,106			5,554
Equity in undistributed earnings of NorProperties, Inc		(17	)		0			0
Restricted stock awards expense		106			238			0
Increase in other assets		(19	)		(14	)		(322	)
Increase (decrease) in other liabilities		270			(237	)		1,238
Net cash provided (used) provided from operating activities		(239	)		(594	)		108
Net cash used from investing activities		0			0			0
Net cash provided from financing activities		0			0			0
(Decrease) increase in cash and cash equivalents		(239	)		(594	)		108
Cash and cash equivalents at beginning of year		538			1,132			1,024
Cash and cash equivalents at end of year	$	299		$	538		$	1,132