OptimumBank (OPHC) 10-K 28 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 28, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	OptimumBank Holdings, Inc.
Entity Central Index Key	1,288,855
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 2,968,481
Entity Common Stock, Shares Outstanding		1,286,503
Trading Symbol	OPHC
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets:
Cash and due from banks	$ 11,233	$ 17,563
Interest-bearing deposits with banks	432	77
Total cash and cash equivalents	11,665	17,640
Securities available for sale	11,437	20,222
Loans, net of allowance for loan losses of $3,991 and $3,915	68,220	76,999
Federal Home Loan Bank stock	979	1,113
Premises and equipment, net	2,593	2,648
Accrued interest receivable	316	380
Other assets	656	701
Total assets	95,866	119,703
Liabilities:
Noninterest-bearing demand deposits	12,632	7,209
Savings, NOW and money-market deposits	22,045	22,153
Time deposits	30,574	56,725
Total deposits	65,251	86,087
Federal Home Loan Bank advances	20,500	23,500
Junior subordinated debenture	5,155	5,155
Advanced payment by borrowers for taxes and insurance	7	221
Official checks	39	36
Other liabilities	2,369	1,623
Total liabilities	93,321	116,622
Commitments and contingencies (Notes 1, 4, 7, 8, 13, 17)
Stockholders' equity:
Preferred stock, no par value; 6,000,000 shares authorized: Designated Series A, no par value, $25,000 liquidation value per share, 7 shares issued and outstanding in 2017 and 2016
Common stock, $.01 par value; 5,000,000 shares authorized, 1,120,947 shares issued and outstanding in 2017 and 1,103,447 shares issued and outstanding in 2016	11	11
Additional paid-in capital	34,090	34,039
Accumulated deficit	(31,306)	(30,717)
Accumulated other comprehensive loss	(250)	(252)
Total stockholders' equity	2,545	3,081
Total liabilities and stockholders' equity	$ 95,866	$ 119,703

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Loans, allowance for loan losses	$ 3,991	$ 3,915
Preferred stock, par value
Preferred stock, shares authorized	6,000,000	6,000,000
Preferred stock, liquidation value per share	$ 25,000	$ 25,000
Preferred stock, shares issued	7	7
Preferred stock, shares outstanding	7	7
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	1,120,947	1,103,447
Common stock, shares outstanding	1,120,947	1,103,447

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest income:
Loans	$ 4,126	$ 4,200
Securities	366	459
Other	224	105
Total interest income	4,716	4,764
Interest expense:
Deposits	674	728
Borrowings	522	351
Total interest expense	1,196	1,079
Net interest income	3,520	3,685
Provision for loan losses
Net interest income after provision for loan losses	3,520	3,685
Noninterest income (loss):
Service charges and fees	26	24
Other	15	18
Gain (loss) on sale of securities available for sale	11	(186)
Total noninterest income (loss)	52	(144)
Noninterest expenses:
Salaries and employee benefits	1,770	1,774
Occupancy and equipment	415	495
Data processing	342	333
Professional fees	784	659
Insurance	95	103
Foreclosed real estate expenses		(123)
Regulatory assessments	202	253
Other	553	443
Total noninterest expenses	4,161	3,937
Loss before income tax benefit	(589)	(396)
Income tax benefit
Net loss	$ (589)	$ (396)
Net loss per share:
Basic	$ (0.53)	$ (0.38)
Diluted	$ (0.53)	$ (0.38)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net loss	$ (589)	$ (396)
Unrealized loss on securities available for sale:
Unrealized gain (loss) arising during the year	82	(366)
Reclassification adjustment for realized (gain) loss on sale of securities available for sale	(11)	186
Net change in unrealized holding loss	71	(180)
Deferred income taxes (benefit) on above change	69	(66)
Total other comprehensive income (loss)	2	(114)
Comprehensive loss	$ (587)	$ (510)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Series A Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance beginning at Dec. 31, 2015		$ 96	$ 33,330	$ (30,321)	$ (138)	$ 2,967
Balance beginning, shares at Dec. 31, 2015	4	9,628,863
Proceeds from sale of preferred stock			75			75
Proceeds from sale of preferred stock, shares	3
Proceeds from sale of common stock		$ 1	374			375
Proceeds from sale of common stock, shares		92,980
Common stock issued as compensation to directors		$ 1	245			246
Common stock issued as compensation to directors, shares		57,476
Net change in unrealized gain (loss) on securities available for sale, net of income taxes					(114)	(114)
Reverse common stock split (1-for-10)		$ (87)	87
Reverse common stock split (1-for-10), shares		(8,665,694)
Common stock issued for services			128			128
Common stock issued for services, shares		36,118
Reversal of common stock issued as compensation to directors (See Note 15)			(200)			(200)
Reversal of common stock issued as compensation to directors (See Note 15), shares		(46,296)
Net loss				(396)		(396)
Balance ending at Dec. 31, 2016		$ 11	34,039	(30,717)	(252)	3,081
Balance ending, shares at Dec. 31, 2016	7	1,103,447
Proceeds from sale of common stock			30			30
Proceeds from sale of common stock, shares		10,000
Net change in unrealized gain (loss) on securities available for sale, net of income taxes					2	2
Common stock issued for services			21			21
Common stock issued for services, shares		7,500
Net loss				(589)		(589)
Balance ending at Dec. 31, 2017		$ 11	$ 34,090	$ (31,306)	$ (250)	$ 2,545
Balance ending, shares at Dec. 31, 2017	7	1,120,947

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Stockholders' Equity [Abstract]
Reverse common stock split	(1-for-10)	(1-for-10)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net loss	$ (589)	$ (396)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	149	156
Common stock issued as compensation to directors		46
Common stock issued as compensation for services	21	128
Net amortization of fees, premiums and discounts	211	324
(Gain) loss from sale of securities available for sale	(11)	186
Decrease in accrued interest receivable	64	82
Increase in other assets	(24)	(4)
Gain on sale of foreclosed real estate		(174)
Increase in official checks and other liabilities	749	203
Net cash provided by operating activities	570	551
Cash flows from investing activities:
Purchases of securities available for sale		(27,738)
Principal repayments and calls of securities available for sale	2,189	4,326
Proceeds from sale of securities available for sale	6,448	28,409
Net decrease in loans	8,798	5,414
Purchase of premises and equipment, net	(94)	(101)
Proceeds from sale of foreclosed real estate, net		4,203
Redemption (purchase) of Federal Home Loan Bank stock	134	(147)
Net cash provided by investing activities	17,475	14,366
Cash flows from financing activities:
Net decrease in deposits	(20,836)	(11,562)
(Repayments) purchase of Federal Home Loan Bank advances, net	(3,000)	3,500
Net decrease in advanced payment by borrowers for taxes and insurance	(214)	(30)
Proceeds from sale of common stock	30	375
Proceeds from sale of preferred stock		75
Net cash used in financing activities	(24,020)	(7,642)
(Decrease) increase in cash and cash equivalents	(5,975)	7,275
Cash and cash equivalents at beginning of the year	17,640	10,365
Cash and cash equivalents at end of the year	11,665	17,640
Cash paid during the year for:
Interest	980	874
Income taxes
Noncash transactions:
Change in accumulated other comprehensive loss, net change in unrealized loss on securities available for sale, net of income taxes	$ 2	$ (114)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies Organization. Basis of Presentation. Going Concern Status Management’s plans with regard to this matter are as follows: A Director of the Company has offered to purchase the Debenture and this offer has been approved by certain equity owners of the Trust that holds the Debenture. The Director has offered to enter into a forbearance agreement with the Company with respect to payments due under the Debenture upon consummation of the Director’s purchase of the Debenture. In March 2016, the Trustee received a direction from certain equity owners of the Trust that holds the Debenture to sell the Debenture to a Director of the Company. Based upon the receipt of conflicting directions from other debt holders of the Trust, in August 2016, the Trustee commenced an action in a Minnesota State Court seeking directions from the Court. The case was subsequently transferred to United States District Court for the Southern District of New York, where the case is currently pending. The Company continues to pursue mechanisms for paying the accrued interest, such as raising additional capital. Use of Estimates. Cash and Cash Equivalents. The Company may be required by law or regulation to maintain cash reserves in the form of vault cash or in accounts with other banks. At December 31, 2017, there were no required cash reserves. Total required cash reserves at December 31, 2016 were $70,000. Securities. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. A security is impaired if the fair value is less than its carrying value at the financial statement date. When a security is impaired, the Company determines whether this impairment is temporary or other-than-temporary. In estimating other-than-temporary impairment (“OTTI”) losses, management assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of these criteria is met, the entire difference between amortized cost and fair value is recognized in operations. For securities that do not meet the aforementioned criteria, the amount of impairment recognized in operations is limited to the amount related to credit losses, while impairment related to other factors is recognized in other comprehensive loss. Management utilizes cash flow models to segregate impairments to distinguish between impairment related to credit losses and impairment related to other factors. To assess for OTTI, management considers, among other things, (i) the severity and duration of the impairment; (ii) the ratings of the security; (iii) the overall transaction structure (the Company’s position within the structure, the aggregate, near-term financial performance of the underlying collateral, delinquencies, defaults, loss severities, recoveries, prepayments, cumulative loss projections, and discounted cash flows); and (iv) the timing and magnitude of a break in modeled cash flows. Loans. Commitment fees and loan origination fees are deferred and certain direct origination costs are capitalized. Both are recognized as an adjustment of the yield of the related loan. The accrual of interest on loans is discontinued at the time the loan is ninety days delinquent unless the loan is well collateralized and in process of collection. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For such loans, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loans are lower than the carrying value of those loans. The general component covers all other loans and is based on historical loss experience adjusted for qualitative factors. The historical loss component of the allowance is determined by losses recognized by portfolio segment over the preceding three years. The historical loss experience is adjusted for the risks by each portfolio segment. Risk factors impacting loans in each of the portfolio segments include: economic trends and conditions; experience, ability and depth of lending management; national and local political environment; industry conditions and trends in charge-offs; and other trends or uncertainties that could affect management’s estimate of probable losses. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis, by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral-dependent. Premises and Equipment. Preferred Securities of Unconsolidated Subsidiary Trust. The Company has entered into agreements which, taken collectively, fully and unconditionally guarantee the preferred securities of the Issuer Trust subject to the terms of the guarantee. Transfer of Financial Assets. Income Taxes. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company provides reserves for potential payments of tax related to uncertain tax positions. These reserves are based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is more likely than not to be realized following resolution of any potential contingencies present related to the tax benefit. Potential interest and penalties associated with such uncertain tax positions is recorded as a component of income tax expense. See Note 10 for additional details. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Holding Company and the Bank file a consolidated income tax return. Income taxes are allocated proportionately to the Holding Company and the Bank as though separate income tax returns were filed. On December 22, 2017, the “Tax Cuts and Jobs Act of 2017,” or the Tax Act, was signed into law. The Tax Act, among other things, reduced the maximum statutory federal corporate income tax rate from 35% to 21% effective January 1, 2018. As a result of enactment of the Tax Act, the Bank revalued its net deferred tax asset. This revaluation of the deferred tax asset had no effect on income tax provision due to valuation allowance on the deferred tax asset. Advertising. Stock Compensation Plan. Reverse Common Stock Split. Loss Per Share. Year Ended December 31, 2017 2016 Weighted-average number of common shares outstanding used to calculate basic and diluted loss per common share 1,104,995 1,041,213 Off-Balance-Sheet Financial Instruments. Fair Value Measurements. Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. The following describes valuation methodologies used for assets measured at fair value: Securities Available for Sale. Impaired Loans Fair Values of Financial Instruments. Cash and Cash Equivalents. Securities. Loans. Federal Home Loan Bank Stock. Accrued Interest Receivable. Deposit Liabilities. Federal Home Loan Bank Advances. Off-Balance-Sheet Financial Instruments. Comprehensive Loss. Recent Pronouncements. Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, In February 2016, the FASB issued ASU 2016-2, Leases (Topic 842) In March 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718) In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326) In March 2017, FASB issued ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20) In May 2017, the FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedge Activities In February 2018, the FASB issued ASU No. 2018-02), Income Statement Reporting Comprehensive Income (Topic 220) Reclassification.

Securities

Securities	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Securities	(2) Securities. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value At December 31, 2017: Securities Available for Sale: Collateralized mortgage obligations $ 8,806 $ — $ (340 ) $ 8,466 SBA Pool Securities 2,965 10 (4 ) 2,971 Total $ 11,771 $ 10 $ (344 ) $ 11,437 At December 31, 2016: Securities Available for Sale: Collateralized mortgage obligations $ 10,157 $ — $ (405 ) $ 9,752 SBA Pool Securities 10,470 — — 10,470 Total $ 20,627 $ — $ (405 ) $ 20,222 The following summarizes sales of securities (in thousands): Year Ended December 31, 2017 2016 Proceeds from sales of securities $ 6,448 $ 28,409 Gross gains from sale of securities 11 48 Gross losses from sale of securities — (234 ) Net gain (loss) from sales of securities $ 11 $ (186 ) Securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is as follows (in thousands): At December 31, 2017 Over Twelve Months Less Than Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities Available for Sale: Collateralized mortgage obligations 340 8,466 — — SBA Pools $ 3 $ 539 $ 1 $ 540 343 9,005 $ 1 $ 540 At December 31, 2016 Over Twelve Months Less Than Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities Available for Sale: Collateralized mortgage obligations $ (46 ) $ 864 $ (359 ) $ 8,888 Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. At December 31, 2017 and 2016, the unrealized losses on eight and six investment securities, respectively were caused by market conditions. It is expected that the securities would not be settled at a price less than the book value of the investments. Because the decline in fair value is attributable to market conditions and not credit quality, and because the Company has the ability and intent to hold these investments until a market price recovery or maturity, these investments are not considered other-than-temporarily impaired. Available-for-sale securities measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At December 31, 2017: Collateralized mortgage obligations $ 8,466 $ — $ 8,466 $ — SBA Pool Securities 2,971 — 2,971 — $ 11,437 $ — $ 11,437 $ — At December 31, 2016: Collateralized mortgage obligations $ 9,752 $ — $ 9,752 $ — SBA Pool Securities 10,470 — 10,470 — $ 20,222 $ — $ 20,222 $ — During the years ended December 31, 2017 and 2016, no securities were transferred in or out of Level 1, Level 2 or Level 3. As of December 31, 2017, the Company had pledged Securities with market value of $590,000 as collateral for the Federal Reserve Bank Discount Window.

Loans

Loans	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loans	(3) Loans. At December 31, At December 31, 2017 2016 Residential real estate $ 26,054 $ 27,334 Multi-family real estate 7,356 5,829 Commercial real estate 32,152 29,264 Land and construction 1,051 5,681 Commercial 4,522 10,514 Consumer 794 1,829 Total loans 71,929 80,451 Add (deduct): Net deferred loan fees, costs and premiums 282 463 Allowance for loan losses (3,991 ) (3,915 ) Loans, net $ 68,220 $ 76,999 An analysis of the change in the allowance for loan losses for the years ended December 31, 2017 and 2016 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total Year Ended December 31, 2017: Beginning balance $ 310 $ 58 $ 787 $ 120 $ 188 $ 165 $ 2,287 $ 3,915 Provision (credit) for loan losses 229 1 (28 ) (122 ) (133 ) (29 ) 82 — Charge-offs — — — — — (67 ) — (67 ) Recoveries 102 — — 24 — 17 143 Ending balance $ 641 $ 59 $ 759 $ 22 $ 55 $ 86 $ 2,369 $ 3,991 Year Ended December 31, 2016: Beginning balance $ 116 $ 26 $ 1,085 $ 77 $ 120 $ 151 $ 720 $ 2,295 Provision (credit) for loan losses 194 32 (2,069 ) 19 68 189 1,567 — Charge-offs — — (264 ) — — (205 ) — (469 ) Recoveries — — 2,035 24 — 30 — 2,089 Ending balance $ 310 $ 58 $ 787 $ 120 $ 188 $ 165 $ 2,287 $ 3,915 The balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2017 and 2016 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total At December 31, 2017: Individually evaluated for impairment: Recorded investment $ 1,172 $ — $ 975 $ — $ — $ — $ — $ 2,147 Balance in allowance for loan losses $ 330 $ — $ 83 $ — $ — $ — $ — $ 413 Collectively evaluated for impairment: Recorded investment $ 24,882 $ 7,356 $ 31,177 $ 1,051 $ 4,522 $ 794 $ — $ 69,782 Balance in allowance for loan losses $ 311 $ 59 $ 676 $ 22 $ 55 $ 86 $ 2,369 $ 3,578 At December 31, 2016: Individually evaluated for impairment: Recorded investment $ 375 $ — $ 1,004 $ — $ — $ — $ — $ 1,379 Balance in allowance for loan losses $ — $ — $ 104 $ — $ — $ — $ — $ 104 Collectively evaluated for impairment: Recorded investment $ 26,959 $ 5,829 $ 28,260 $ 5,681 $ 10,514 $ 1,829 $ — $ 79,072 Balance in allowance for loan losses $ 310 $ 58 $ 683 $ 120 $ 188 $ 165 $ 2,287 $ 3,811 Residential Real Estate, Multi-Family Real Estate, Commercial Real Estate, Land and Construction Commercial Consumer The following summarizes the loan credit quality (in thousands): Pass OLEM (Other Loans Especially Mentioned) Sub- standard Doubtful Loss Total At December 31, 2017: Residential real estate $ 22,315 $ 2,494 $ 1,245 $ — $ — $ 26,054 Multi-family real estate 7,356 — — — — 7,356 Commercial real estate 24,704 6,473 975 — — 32,152 Land and construction 1,051 — — — — 1,051 Commercial 2,304 2,218 — — — 4,522 Consumer 794 — — — — 794 Total $ 58,524 $ 11,185 $ 2,220 $ — $ — $ 71,929 At December 31, 2016: Residential real estate $ 25,326 $ 1,633 $ 375 $ — $ — $ 27,334 Multi-family real estate 5,829 — — — — 5,829 Commercial real estate 25,979 1,174 2,111 — — 29,264 Land and construction 5,636 45 — — — 5,681 Commercial 8,768 — 1,746 — — 10,514 Consumer 1,823 — 6 — — 1,829 Total $ 73,361 $ 2,852 $ 4,238 $ — $ — $ 80,451 Internally assigned loan grades are defined as follows: Pass – a Pass loan’s primary source of loan repayment is satisfactory, with secondary sources very likely to be realized if necessary. These are loans that conform in all aspects to bank policy and regulatory requirements, and no repayment risk has been identified. OLEM (Other Loans Especially Mentioned) – an Other Loan Especially Mentioned has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company’s credit position at some future date. Substandard – a Substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Included in this category are loans that are current on their payments, but the Bank is unable to document the source of repayment. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – a loan classified as Doubtful has all the weaknesses inherent in one classified as Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. The Company charges off any loan classified as Doubtful. Loss – a loan classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. The Company fully charges off any loan classified as Loss. At December 31, 2017, no loans were past due, more than thirty days and no loans were on nonaccrual. Age analysis of past-due loans at December 31, 2016 is as follows (in thousands): Accruing Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Nonaccrual Loans Total Loans At December 31, 2016: Residential real estate $ — $ — $ — $ — $ 26,959 $ 375 $ 27,334 Multi-family real estate — — — — 5,829 — 5,829 Commercial real estate — — — — 29,264 — 29,264 Land and construction — — — — 5,681 — 5,681 Commercial — — — — 10,514 — 10,514 Consumer — 6 — 6 1,823 — 1,829 Total $ — $ 6 $ — $ 6 $ 80,070 $ 375 $ 80,451 The following summarizes the amount of impaired loans (in thousands): At December 31, 2017 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Residential real estate $ 194 $ 217 $ — $ 375 $ 501 $ — Commercial real estate 231 231 — — — — With related allowance recorded: Residential real estate 978 978 330 — — — Commercial real estate 744 744 83 1,004 1,004 104 Total Residential real estate $ 1,172 $ 1,195 $ 330 $ 375 $ 501 $ — Commercial real estate $ 975 $ 975 $ 83 $ 1,004 $ 1,004 $ 104 Total $ 2,147 $ 2,170 $ 413 $ 1,379 $ 1,505 $ 104 The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands): For the Year Ended December 31, 2017 2016 Average Recorded Investment Interest Income Recognized Interest Income Received Average Recorded Investment Interest Income Recognized Interest Income Received Residential real estate $ 650 $ 226 $ 121 $ 886 $ 48 $ 76 Commercial real estate $ 900 $ 52 $ 52 $ 2,071 $ 76 $ 106 Total $ 1,550 $ 278 $ 173 $ 2,957 $ 124 $ 182 There were no loans determined to be troubled debt restructurings during the years ended December 31, 2017 and 2016.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Premises and Equipment	(4) Premises and Equipment A summary of premises and equipment follows (in thousands): At December 31, 2017 2016 Land $ 1,171 $ 1,171 Buildings and improvements 2,105 2,065 Furniture, fixtures and equipment 1,308 1,268 Leasehold improvements 131 119 Total, at cost 4,715 4,623 Less accumulated depreciation and amortization (2,122 ) (1,975 ) Premises and equipment, net $ 2,593 $ 2,648 The Company currently leases one branch facility under an operating lease. The lease contains renewal options and requires the Company to pay an allowable share of common area maintenance and real estate taxes. Rent expense under the operating lease during the years ended December 31, 2017 and 2016 was $73,000 and $68,000, respectively. At December 31, 2017, the future minimum lease payments are approximately as follows (in thousands): Year Ending December 31, Amount 2018 $ 90 2019 92 2020 95 2021 98 2022 93 Total $ 468

Foreclosed Real Estate

Foreclosed Real Estate	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Foreclosed Real Estate	(5) Foreclosed Real Estate There was no foreclosed real estate outstanding throughout the year ended December 31, 2017 or as of December 31, 2017. (Income) expenses applicable to foreclosed real estate during the year ended December 31, 2016 are as follows (in thousands): Provision for losses on foreclosed real estate $ — Gain on sale of foreclosed real estate (174 ) Operating expenses 51 $ (123 )

Deposits

Deposits	12 Months Ended
	Dec. 31, 2017
Deposits [Abstract]
Deposits	(6) Deposits The aggregate amount of time deposits with a minimum denomination of $100,000 was approximately $19.3 and $34.8 million at December 31, 2017 and 2016, respectively. A schedule of maturities of time deposits at December 31, 2017 follows (in thousands): Year Ending December 31, Amount 2018 $ 24,507 2019 4,524 2020 378 2021 99 2022 1,066 $ 30,574

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Junior Subordinated Debenture	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Federal Home Loan Bank Advances and Junior Subordinated Debenture	(7) Federal Home Loan Bank Advances and Junior Subordinated Debenture The maturities and interest rates on the Federal Home Loan Bank (“FHLB”) advances were as follows (dollars in thousands) Maturity Year Ending Interest At December 31, December 31, Rate 2017 2016 2017 0.80 % $ — $ 3,000 2017 0.49 — 15,500 2018 1.53 % 5,000 — 2018 1.60 10,500 — 2021 1.68 5,000 5,000 $ 20,500 $ 23,500 At December 31, 2017, all FHLB advances had fixed interest rates. At December 31, 2017 and 2016, the FHLB advances were collateralized by a blanket lien on loans totaling $40.1 and $22.0 million, respectively. The blanket lien was on certain qualifying residential one-to-four family mortgage loans, commercial and multi-family real estate loans and second mortgage loans. Junior Subordinated Debenture A Director of the Company has offered to purchase the Debenture and this offer has been approved by certain equity owners of the Trust that holds the Debenture. The Director has also offered to enter into a forbearance agreement with the Company with respect to payments due under the Debenture upon consummation of the Director’s purchase of the Debenture. In March 2016, the Trustee received a direction from certain debt holders of the Trust that holds the Debenture to sell the Debenture to a Director of the Company. Based upon the receipt of conflicting directions from other equity owners of the Trust, in August 2016, the Trustee commenced an action in a Minnesota State Court seeking directions from the Court. The case was subsequently transferred to United States District Court for the Southern District of New York, where the case is currently pending.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2017
Investments, All Other Investments [Abstract]
Financial Instruments	(8) Financial Instruments The estimated fair values of the Company’s financial instruments were as follows (in thousands): At December 31, 2017 At December 31, 2016 Carrying Amount Fair Value Level Carrying Amount Fair Value Level Financial assets: Cash and cash equivalents $ 11,665 $ 11,665 1 $ 17,640 $ 17,640 1 Securities available for sale 11,437 11,437 2 20,222 20,222 2 Loans 68,220 68,079 3 76,999 76,829 3 Federal Home Loan Bank stock 979 979 3 1,113 1,113 3 Accrued interest receivable 316 316 3 380 380 3 Financial liabilities: Deposit liabilities 65,251 65,475 3 86,087 86,442 3 Federal Home Loan Bank advances 20,500 20,394 3 23,500 23,500 3 Junior subordinated debenture 5,155 N/A (1) 3 5,155 N/A (1) 3 Off-balance sheet financial instruments __ __ 3 — — 3 (1) The Company is unable to determine value based on significant unobservable inputs required in the calculation. Refer to Note 7 for further information. The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit, unused lines of credit, and standby letters of credit and may involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the consolidated balance sheet. The contract amounts of these instruments reflect the extent of involvement the Company has in these financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance-sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company, upon extension of credit, is based on management’s credit evaluation of the counterparty. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit to customers is essentially the same as that involved in extending loan facilities to customers. The Bank generally holds collateral supporting those commitments. Standby letters of credit generally have expiration dates within one year. Commitments to extend credit, unused lines of credit, and standby letters of credit typically result in loans with a market interest rate when funded. A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at December 31, 2017 follows (in thousands): Commitments to extend credit $ 791 Unused lines of credit $ 2,031 Standby letters of credit $ -

Credit Risk

Credit Risk	12 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
Credit Risk	(9) Credit Risk The Company grants the majority of its loans to borrowers throughout Broward County, Florida and portions of Palm Beach and Miami-Dade Counties, Florida. Although the Company has a diversified loan portfolio, a significant portion of its borrowers’ ability to repay their loans and meet their contractual obligations to the Company is dependent upon the economy in Broward, Palm Beach and Miami-Dade Counties, Florida.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	(10) Income Taxes Income tax benefit consisted of the following (in thousands): Year Ended December 31, 2017 2016 Current: Federal $ — $ — State — — Total Current — — Deferred: Federal 1,633 (134 ) State (32 ) (19 ) Change in Valuation Allowance (1,601 ) 153 Total Deferred — — Total $ — $ — The reasons for the differences between the statutory Federal income tax rate and the effective tax rate are summarized as follows (dollars in thousands): Year Ended December 31, 2017 2016 Amount % of Pretax Loss Amount % of Pretax Loss Income tax benefit at statutory rate $ (200 ) 34.0 % $ (135 ) 34.0 % Increase (decrease) resulting from: State taxes, net of Federal tax benefit (21 ) 3.6 % (13 ) 3.3 % Other permanent differences — — (5 ) 1.3 % Reduction in Federal income-tax rate 1822 (309.3 %) — — Change in valuation allowance (1,601 ) 271.7 % 153 (38.6 %) $ — — $ — — The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in thousands). At December 31, 2017 2016 Deferred tax assets: Net operating loss carryforwards $ 3,547 $ 5,125 Premises and equipment 66 78 Accrued expenses 104 — Nonaccrual loan interest 122 287 Unrealized loss on available for sale securities 85 153 Other 56 56 Gross deferred tax assets 3,980 5,699 Less: Valuation allowance 3,792 5,393 Net deferred tax assets 188 306 Deferred tax liabilities: Allowance for loan losses (77 ) (114 ) Loan costs (26 ) (39 ) Total deferred tax liabilities (103 ) (153 ) Net deferred tax asset $ 85 $ 153 During the years ended December 31, 2017 and 2016, the Company assessed its earnings history and trend over the past year and its estimate of future earnings, and determined that it was more likely than not that the deferred tax assets would not be realized in the near term. Accordingly, a valuation allowance was recorded and maintained against the net deferred tax asset for the amount not expected to be realized in the future. At December 31, 2017, the Company had net operating loss carryforwards of approximately $14.0 million for Federal tax purposes and $13.9 million for Florida tax purposes available to offset future taxable income. These carryforwards will begin to expire in 2029. A portion of the Federal and Florida net operating losses are subject to Internal Revenue Code Section 382 limitations. The Company files U.S. and Florida income tax returns. The Company is no longer subject to U.S. Federal or state income tax examinations by taxing authorities for years before 2014. The Company regularly reviews its tax positions in each significant taxing jurisdiction in the process of evaluating its unrecognized tax benefits. The Company makes adjustments to its unrecognized tax benefits when: (i) facts and circumstances regarding a tax position change, causing a change in management’s judgment regarding that tax position; (ii) a tax position is effectively settled with a tax authority at a differing amount; and/or (iii) the statute of limitations expires regarding a tax position. The Company does not expect to a change in unrecognized tax benefits in the next year.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	(11) Related Party Transactions The Company has entered into transactions with its executive officers, directors and their affiliates in the ordinary course of business. There were no loans to related parties at December 31, 2017 or 2016. During 2017, the Company incurred approximately $54,000 in legal fees related to a law firm owned by a director. At December 31, 2017 and 2016, related parties had approximately $229,000 and $635,000, respectively, on deposit with the Company.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(12) Stock-Based Compensation On December 27, 2011, the Company’s stockholders approved the 2011 Equity Incentive Plan (“2011 Plan”). In May 2016, the Company increased the total number of shares available to be awarded from 105,000 shares (adjusted for the one-for-ten reverse stock split) to 210,000 shares. Stock options, restricted stock, performance share awards and bonus share awards in lieu of obligations may be issued under the 2011 Plan. Both incentive stock options and nonqualified stock options can be granted under the 2011 Plan. The exercise price of the stock options cannot be less than the fair market value of the common stock on the date of grant. Stock options must be exercised within ten years of the date of grant. As of December 31, 2017, only common stock has been issued as compensation to directors for services rendered under this plan. No shares were issued during year ended December 31, 2017. During the year ended December 31, 2016, 57,476 shares of common stock were issued. Pursuant to 2011 Plan (amended), during 2017, the Company accrued stock compensation cost of 2,821 shares at $3.14 per share related to first quarter director’s fees. These 2,821 shares were issued during the first quarter of 2018. As of April 1, 2017, the Company discontinued the issuance of common stock as a method of payment of director’s fees. Additionally, as of December 31, 2017, 105,819 shares were due to be issued as compensation to a director. The Company accrued $200,000 during each of the years ended December 31, 2017 and 2016, for these shares. A total of $214,000 and $246,000 of compensation was recorded during the 2017 and 2016 periods. Subsequently in 2018, $200,000 was accrued for 36,102 shares in additional compensation to the director. All shares due to this director, totaling 141,921, were issued during the first quarter of 2018. At December 31, 2017, a total of 37,220 (adjusted for one-for-ten reverse stock split) shares remain available for grant.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Regulatory Matters	(13) Regulatory Matters Effective January 1, 2015, the Bank, became subject to the new Basel III capital level threshold requirements under the Prompt Corrective Action regulations with full compliance with all of the final rule’s requirements phased in over a multi-year schedule. These new regulations were designed to ensure that banks maintain strong capital positions even in the event of severe economic downturns or unforeseen losses. Changes that could affect the Bank going forward include additional constraints on the inclusion of deferred tax assets in capital and increased risk weightings for nonperforming loans and acquisition/development loans in regulatory capital. Beginning on January 1, 2016, the Bank became subject to the capital conservation buffer rules which places limitations on distributions, including dividend payments, and certain discretionary bonus payments to executive officers. In order to avoid these limitations, an institution must hold a capital conservation buffer above its minimum risk-based capital requirements. As of December 31, 2017 and 2016, the Bank’s capital conservation buffer exceeds the minimum requirements of 1.250% and 0.625%, respectively. The required conservation buffer of 2.50% is to be phased in at 0.625% on each January 1st over the next two years. As of December 31, 2017 and 2016, the Bank was subject to Consent Orders issued by the Federal Deposit Insurance Corporation and the State of Florida Office of Financial Regulation (“OFR”), and accordingly is deemed to be “adequately capitalized” even if its capital ratios were to exceed those generally required to be a “well capitalized” bank. An institution must maintain minimum total risk-based, Tier I risk-based and Tier I leverage ratios as set forth in the following tables. The Bank’s actual capital amounts and percentages are also presented in the table (dollars in thousands): The following table shows the Bank’s capital amounts and ratios and regulatory thresholds at December 31, 2017 and 2016 (dollars in thousands): Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Requirements of Consent Order Amount % Amount % Amount % Amount % As of December 31, 2017: Total Capital to Risk-Weighted Assets $ 10,484 15.08 % $ 5,561 8.00 % $ 6,951 10.00 % $ 8,341 12.00 % Tier I Capital to Risk-Weighted Assets 9,577 13.78 4,170 6.00 5,561 8.00 N/A N/A Common equity Tier I capital to Risk-Weighted Assets 9,577 13.78 3,128 4.50 4,518 6.50 N/A N/A Tier I Capital to Total Assets 9,577 8.89 4,307 4.00 5,383 5.00 8,614 8.00 As of December 31, 2016: Total Capital to Risk-Weighted Assets $ 10,662 12.79 % $ 6,609 8.00 % $ 8,261 10.00 % $ 9,913 12.0 % Tier I Capital to Risk-Weighted Assets 9,498 11.50 4,957 6.00 6,609 8.00 N/A N/A Common equity Tier I capital to Risk-Weighted Assets 9,498 11.50 3,718 4.50 5,370 6.50 N/A N/A Tier I Capital to Total Assets 9,498 8.06 4,714 4.0 5,893 5.0 9,428 8.0 Regulatory Enforcement Actions Bank Consent Order The Consent Order continues the requirement for the Bank to maintain a Tier 1 leverage ratio of at least 8% and a total risk-based capital ratio of 12% beginning 90 days from the issuance of the Consent Order. At December 31, 2017, the Bank had a Tier 1 leverage ratio of 8.89%, and a total risk-based capital ratio of 15.08%. The Consent Order contains the following principal requirements: ● The Board of the Bank is required to increase its participation in the affairs of the Bank, assuming full responsibility for the approval of sound policies and objectives and for the supervision of all of the Bank’s activities, consistent with the role and expertise commonly expected for directors of banks of comparable size. ● The Bank is required to have and retain qualified and appropriately experienced senior management, including a chief executive officer, a chief lending officer and a chief operating officer, who are given the authority to implement the provisions of the Consent Order. ● Any proposed changes in the Bank’s Board of Directors or senior executive officers are subject to the prior consent of the FDIC and the OFR. ● The Bank is required to maintain both a fully funded allowance for loan and lease losses satisfactory to the FDIC and the OFR and a minimum Tier 1 leverage capital ratio of 8% and a total risk-based capital ratio of 12% for as long as the Consent Order remains in effect. ● The Bank is required to eliminate from its books, by charge-off or collection, all assets or portions of assets classified “Loss” and 50 percent of those assets or portions of assets classified “Doubtful” in the most recent examination report that have not been previously collected or charged-off. ● The Bank is required to submit a revised plan to reduce the remaining assets classified “Doubtful” and “Substandard” in the current or any future regulatory examination report. ● The Bank may not extend, directly or indirectly, any additional credit to, or for the benefit of, any borrower who has a loan or other extension of credit from the Bank that has been charged-off or classified, in whole or in part, “Loss” or “Doubtful” and is uncollected. ● The Bank may not extend, directly or indirectly, any additional credit to, or for the benefit of, any borrower who has a loan or other extension of credit from the Bank that has been classified, in whole or part, “Substandard.” ● The Board is required to review, revise, and implement its written lending and collection policy to provide effective guidance and control over the Bank’s lending and credit administration functions. ● The Bank is required to prepare and submit to the Supervisory Authorities an acceptable written business/strategic plan covering the overall operation of the Bank. ● The Bank is required to develop and submit to the Supervisory Authorities a written plan and a comprehensive budget for all categories of income and expense for calendar year 2017 and subsequent years. ● The Bank is required to implement a written plan to improve liquidity, contingency funding, interest rate risk and asset liability management. ● The Bank is required to revise and implement a written policy for managing interest rate risk in a manner that is appropriate to the size of the Bank and the complexity of its assets. ● The Bank is required to revise and implement its policy for the operation of the Bank in such a manner as to provide adequate internal routines and controls within the Bank consistent with safe and sound banking practices. ● The Bank may not accept, renew, or rollover any brokered deposit. ● The Bank may not declare or pay dividends, pay bonuses, or make any other form of payment outside the ordinary course of business resulting in a reduction of capital, without the prior written approval of the Supervisory Authorities. ● The Bank is required to notify the Supervisory Authorities at least sixty days prior to undertaking asset growth that exceeds 10% or more per annum or initiating material changes in asset or liability composition. ● The Bank is required to develop, adopt, and implement a plan (“Compliance Plan”) for administration of a program reasonably designed to ensure and maintain compliance with the law and regulations related to the Bank Secrecy Act and related anti-money laundering regulations. The Compliance Plan must be consistent with the guidance for BSA/AML Risk Assessment set forth in the Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual. ● The Bank is required to furnish written progress reports to the Supervisory Authorities within forty-five days from the end of each quarter, detailing the form and manner of any actions taken to secure compliance with this Consent Order. ● The Bank is required to develop a revised system of internal controls designed to ensure full compliance with the BSA rules and regulations (“BSA Internal Controls”) taking into account its size and risk profile and addressing the deficiencies and recommendations contained in the most recent examination report. ● The Bank is required to assess its BSA staffing needs to ensure adequate qualified personnel are in place at all times. ● The Bank is required to contract with an external independent testing firm that specializes in the BSA, AML, and OFAC rules and regulations for a review. The Bank is required to also engage an independent qualified firm, acceptable to the Supervisory Authorities, to conduct a review of all high-risk accounts and all high-risk transaction activity for the period beginning February 3, 2014, through the date of the Consent Order. ● The Bank is in process of implementing comprehensive policies and plans to address all of the requirements of the Consent Order and has incorporated recommendations from the FDIC and OFR into these policies and plans. Management believes that the Bank has made substantial progress in improving its financial condition through a significant reduction in non-performing assets and the receipt of capital increases from investors since the 2010 consent order. The Bank is also seeking to eliminate the other issues raised by the FDIC and the OFR, although the Bank has been hampered by difficulties in raising capital due to the default under the Debenture and the limits placed on the Company and the Bank under the prior consent order and the Written Agreement. Management intends to continue its efforts to meet the conditions of the Consent Order and the Written Agreement. Company Written Agreement with Reserve Bank

Loan Loss Recovery

Loan Loss Recovery	12 Months Ended
	Dec. 31, 2017
Loan Loss Recovery
Loan Loss Recovery	(14) Loan Loss Recovery On January 6, 2016, the Bank completed a sale of a judgement on a defaulted credit that resulted in a $1.8 million recovery of previously charged-off amounts to the Allowance for Loan and Lease Losses (“ALLL”). This increases the balance of the ALLL to approximately $3.9 million at December 31, 2017. On February 12, 2016, and amended May 6, 2016, pursuant to the terms and requirements of the Consent Order, Management submitted a Second written request to the FDIC for a partial reversal of the ALLL. As of this date, no response from the FDIC has been received and management does not expect a response until the next safety and soundness examination which is expected to be performed in first and second quarters of 2018.

Reclassification

Reclassification	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassification	(15) Reclassification During the quarter ended March 31, 2016, the Company agreed to issue 46,296 shares to the Bank’s Chairman as compensation. The Company recorded compensation expense of $200,000 based on the fair market value of the shares at that time, and reflected the issuance of the shares as an increase in stockholders’ equity. The Bank’s Chairman has not yet taken delivery of the shares. As a result, during the quarter ended September 30, 2016, the Company determined to reclassify the transaction as a liability of the Company (rather than an increase in stockholders’ equity) until the issuance of the shares. The reclassification had no effect on the Company’s net loss for the year ended December 31, 2016.

Dividends

Dividends	12 Months Ended
	Dec. 31, 2017
Dividends [Abstract]
Dividends	(16) Dividends. The Company is limited in the amount of cash dividends that may be paid. Banking regulations place certain restrictions on dividends and loans or advances made by the Bank to the Holding Company. The amount of cash dividends that may be paid by the Bank to the Holding Company is based on the Bank’s net earnings of the current year combined with the Bank’s retained earnings of the preceding two years, as defined by state banking regulations. However, for any dividend declaration, the Company must consider additional factors such as the amount of current period net earnings, liquidity, asset quality, capital adequacy and economic conditions. It is likely that these factors would further limit the amount of dividends which the Company could declare. In addition, bank regulators have the authority to prohibit banks from paying dividends if they deem such payment to be an unsafe or unsound practice. At December 31, 2017, the Bank and Holding Company could not pay cash dividends (See Note 13).

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	(17) Contingencies Various claims also arise from time to time in the normal course of business. In the opinion of management, none have occurred that will have a material effect on the Company’s consolidated financial statements.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Retirement Plans	(18) Retirement Plans The Company has a 401(k) Profit Sharing plan covering all eligible employees who are over the age of twenty one and have completed one year of service. The Company may make a matching contribution each year. The Company did not make any matching contributions in connection with this plan during the years ended December 31, 2017 or 2016.

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurement	(19) Fair Value Measurement Impaired collateral-dependent loans are carried at fair value when the current collateral value is lower than the carrying value of the loan. Those impaired collateral-dependent loans which are measured at fair value or a nonrecurring basis are as follows (in thousands): At December 31, 2017 Fair Value Level 1 Level 2 Level 3 Total Losses Losses Recorded in Operations For the Year Ended December 31, 2017 Residential real estate $ 648 $ — $ — $ 648 $ 330 $ — At December 31, 2016 Fair Value Level 1 Level 2 Level 3 Total Losses Losses Recorded in Operations For the Year Ended December 31, 2016 Residential real estate $ 375 $ — $ — $ 375 $ 126 $ —

Holding Company Financial Infor

Holding Company Financial Information	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Holding Company Financial Information	(20) Holding Company Financial Information The Holding Company’s unconsolidated financial information as of December 31, 2017 and 2016 and for the years then ended follows (in thousands): Condensed Balance Sheets At December 31, 2017 2016 Assets Cash $ 51 $ 164 Investment in subsidiary 9,328 9,245 Other assets 199 180 Total assets $ 9,578 $ 9,589 Liabilities and Stockholders’ Equity Other liabilities $ 1,878 $ 1,353 Junior subordinated debenture 5,155 5,155 Stockholders’ equity 2,545 3,081 Total liabilities and stockholders’ equity $ 9,578 $ 9,589 Condensed Statements of Operations Year Ended December 31, 2017 2016 Earnings of subsidiary $ 79 $ 302 Interest expense (227 ) (193 ) Other expense (441 ) (505 ) Net loss $ (589 ) $ (396 ) Condensed Statements of Cash Flows Year Ended December 31, 2017 2016 Cash flows from operating activities: Net loss $ (589 ) $ (396 ) Adjustments to reconcile net loss to net cash used in operating activities: Stock compensation to directors — 46 Stock compensation for services 21 128 Equity in undistributed earnings of subsidiary (79 ) (302 ) Increase in other liabilities 525 246 Increase in other assets (19 ) — Net cash used in operating activities (141 ) (278 ) Cash flow from investing activities- Investment in subsidiary (2 ) (21 ) Cash flow from financing activities: Proceeds from sale of common stock, net 30 375 Proceeds from sale of preferred stock — 75 Net cash provided by financing activities 30 450 Net (decrease) increase in cash (113 ) 151 Cash at beginning of the year 164 13 Cash at end of year $ 51 $ 164 Noncash transaction- Change in accumulated other comprehensive loss of subsidiary, net change in unrealized loss on securities available for sale, net of taxes $ 2 $ (114 )

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Preferred Stock	(21) Preferred Stock The company issued 7 shares of Series A Preferred Stock at $25,000 per share. Each share of the Series A Preferred Stock has no par value and is non-convertible to common stock. The Preferred Stock has a rate of 10% per annum. These dividends will be paid annually in arrears on December 31 of each year. Notwithstanding the foregoing, dividends will not be declared, paid or set aside for payment to the extent such act would cause the Company to fail to comply with laws and regulations. These dividends will be cumulative. A liquidation value of $25,000 is assigned to each share.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Organization	Organization.
Basis of Presentation	Basis of Presentation.
Going Concern Status	Going Concern Status Management’s plans with regard to this matter are as follows: A Director of the Company has offered to purchase the Debenture and this offer has been approved by certain equity owners of the Trust that holds the Debenture. The Director has offered to enter into a forbearance agreement with the Company with respect to payments due under the Debenture upon consummation of the Director’s purchase of the Debenture. In March 2016, the Trustee received a direction from certain equity owners of the Trust that holds the Debenture to sell the Debenture to a Director of the Company. Based upon the receipt of conflicting directions from other debt holders of the Trust, in August 2016, the Trustee commenced an action in a Minnesota State Court seeking directions from the Court. The case was subsequently transferred to United States District Court for the Southern District of New York, where the case is currently pending. The Company continues to pursue mechanisms for paying the accrued interest, such as raising additional capital.
Use of Estimates	Use of Estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents. The Company may be required by law or regulation to maintain cash reserves in the form of vault cash or in accounts with other banks. At December 31, 2017, there were no required cash reserves. Total required cash reserves at December 31, 2016 were $70,000.
Securities	Securities. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. A security is impaired if the fair value is less than its carrying value at the financial statement date. When a security is impaired, the Company determines whether this impairment is temporary or other-than-temporary. In estimating other-than-temporary impairment (“OTTI”) losses, management assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of these criteria is met, the entire difference between amortized cost and fair value is recognized in operations. For securities that do not meet the aforementioned criteria, the amount of impairment recognized in operations is limited to the amount related to credit losses, while impairment related to other factors is recognized in other comprehensive loss. Management utilizes cash flow models to segregate impairments to distinguish between impairment related to credit losses and impairment related to other factors. To assess for OTTI, management considers, among other things, (i) the severity and duration of the impairment; (ii) the ratings of the security; (iii) the overall transaction structure (the Company’s position within the structure, the aggregate, near-term financial performance of the underlying collateral, delinquencies, defaults, loss severities, recoveries, prepayments, cumulative loss projections, and discounted cash flows); and (iv) the timing and magnitude of a break in modeled cash flows.
Loans	Loans. Commitment fees and loan origination fees are deferred and certain direct origination costs are capitalized. Both are recognized as an adjustment of the yield of the related loan. The accrual of interest on loans is discontinued at the time the loan is ninety days delinquent unless the loan is well collateralized and in process of collection. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For such loans, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loans are lower than the carrying value of those loans. The general component covers all other loans and is based on historical loss experience adjusted for qualitative factors. The historical loss component of the allowance is determined by losses recognized by portfolio segment over the preceding three years. The historical loss experience is adjusted for the risks by each portfolio segment. Risk factors impacting loans in each of the portfolio segments include: economic trends and conditions; experience, ability and depth of lending management; national and local political environment; industry conditions and trends in charge-offs; and other trends or uncertainties that could affect management’s estimate of probable losses. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis, by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral-dependent.
Premises and Equipment	Premises and Equipment.
Preferred Securities of Unconsolidated Subsidiary Trust	Preferred Securities of Unconsolidated Subsidiary Trust. The Company has entered into agreements which, taken collectively, fully and unconditionally guarantee the preferred securities of the Issuer Trust subject to the terms of the guarantee.
Transfer of Financial Assets	Transfer of Financial Assets.
Income Taxes	Income Taxes. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company provides reserves for potential payments of tax related to uncertain tax positions. These reserves are based on a determination of whether and how much of a tax benefit taken by the Company in its tax filings or positions is more likely than not to be realized following resolution of any potential contingencies present related to the tax benefit. Potential interest and penalties associated with such uncertain tax positions is recorded as a component of income tax expense. See Note 10 for additional details. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Holding Company and the Bank file a consolidated income tax return. Income taxes are allocated proportionately to the Holding Company and the Bank as though separate income tax returns were filed. On December 22, 2017, the “Tax Cuts and Jobs Act of 2017,” or the Tax Act, was signed into law. The Tax Act, among other things, reduced the maximum statutory federal corporate income tax rate from 35% to 21% effective January 1, 2018. As a result of enactment of the Tax Act, the Bank revalued its net deferred tax asset. This revaluation of the deferred tax asset had no effect on income tax provision due to valuation allowance on the deferred tax asset.
Advertising	Advertising.
Stock Compensation Plan	Stock Compensation Plan.
Reverse Common Stock Split	Reverse Common Stock Split.
Loss Per Share	Loss Per Share. Year Ended December 31, 2017 2016 Weighted-average number of common shares outstanding used to calculate basic and diluted loss per common share 1,104,995 1,041,213
Off-Balance-Sheet Financial Instruments	Off-Balance-Sheet Financial Instruments.
Fair Value Measurements	Fair Value Measurements. Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. The following describes valuation methodologies used for assets measured at fair value: Securities Available for Sale. Impaired Loans
Fair Values of Financial Instruments	Fair Values of Financial Instruments. Cash and Cash Equivalents. Securities. Loans. Federal Home Loan Bank Stock. Accrued Interest Receivable. Deposit Liabilities. Federal Home Loan Bank Advances. Off-Balance-Sheet Financial Instruments.
Comprehensive Loss	Comprehensive Loss.
Recent Pronouncements	Recent Pronouncements. Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, In February 2016, the FASB issued ASU 2016-2, Leases (Topic 842) In March 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718) In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326) In March 2017, FASB issued ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20) In May 2017, the FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedge Activities In February 2018, the FASB issued ASU No. 2018-02), Income Statement Reporting Comprehensive Income (Topic 220)
Reclassification	Reclassification.

Summary of Significant Account

Summary of Significant Account Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Weighted Average Number of Common Shares Outstanding	Loss per common share has been computed based on the following (weighted-average number of common shares outstanding have been adjusted for the reverse stock split discussed above): Year Ended December 31, 2017 2016 Weighted-average number of common shares outstanding used to calculate basic and diluted loss per common share 1,104,995 1,041,213

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Approximate Fair Values of Securities	The carrying amount of securities and approximate fair values are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value At December 31, 2017: Securities Available for Sale: Collateralized mortgage obligations $ 8,806 $ — $ (340 ) $ 8,466 SBA Pool Securities 2,965 10 (4 ) 2,971 Total $ 11,771 $ 10 $ (344 ) $ 11,437 At December 31, 2016: Securities Available for Sale: Collateralized mortgage obligations $ 10,157 $ — $ (405 ) $ 9,752 SBA Pool Securities 10,470 — — 10,470 Total $ 20,627 $ — $ (405 ) $ 20,222
Schedule of Sales of Securities	The following summarizes sales of securities (in thousands): Year Ended December 31, 2017 2016 Proceeds from sales of securities $ 6,448 $ 28,409 Gross gains from sale of securities 11 48 Gross losses from sale of securities — (234 ) Net gain (loss) from sales of securities $ 11 $ (186 )
Schedule of Securities with Gross Unrealized Losses, by Investment Category	Securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is as follows (in thousands): At December 31, 2017 Over Twelve Months Less Than Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities Available for Sale: Collateralized mortgage obligations 340 8,466 — — SBA Pools $ 3 $ 539 $ 1 $ 540 343 9,005 $ 1 $ 540 At December 31, 2016 Over Twelve Months Less Than Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities Available for Sale: Collateralized mortgage obligations $ (46 ) $ 864 $ (359 ) $ 8,888
Schedule of Available-for-Sale Securities Measured at Fair Value on Recurring Basis	Available-for-sale securities measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At December 31, 2017: Collateralized mortgage obligations $ 8,466 $ — $ 8,466 $ — SBA Pool Securities 2,971 — 2,971 — $ 11,437 $ — $ 11,437 $ — At December 31, 2016: Collateralized mortgage obligations $ 9,752 $ — $ 9,752 $ — SBA Pool Securities 10,470 — 10,470 — $ 20,222 $ — $ 20,222 $ —

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of Components of Loans	The components of loans are as follows (in thousands): At December 31, At December 31, 2017 2016 Residential real estate $ 26,054 $ 27,334 Multi-family real estate 7,356 5,829 Commercial real estate 32,152 29,264 Land and construction 1,051 5,681 Commercial 4,522 10,514 Consumer 794 1,829 Total loans 71,929 80,451 Add (deduct): Net deferred loan fees, costs and premiums 282 463 Allowance for loan losses (3,991 ) (3,915 ) Loans, net $ 68,220 $ 76,999
Schedule of Change in Allowance for Loan Losses	An analysis of the change in the allowance for loan losses for the years ended December 31, 2017 and 2016 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total Year Ended December 31, 2017: Beginning balance $ 310 $ 58 $ 787 $ 120 $ 188 $ 165 $ 2,287 $ 3,915 Provision (credit) for loan losses 229 1 (28 ) (122 ) (133 ) (29 ) 82 — Charge-offs — — — — — (67 ) — (67 ) Recoveries 102 — — 24 — 17 143 Ending balance $ 641 $ 59 $ 759 $ 22 $ 55 $ 86 $ 2,369 $ 3,991 Year Ended December 31, 2016: Beginning balance $ 116 $ 26 $ 1,085 $ 77 $ 120 $ 151 $ 720 $ 2,295 Provision (credit) for loan losses 194 32 (2,069 ) 19 68 189 1,567 — Charge-offs — — (264 ) — — (205 ) — (469 ) Recoveries — — 2,035 24 — 30 — 2,089 Ending balance $ 310 $ 58 $ 787 $ 120 $ 188 $ 165 $ 2,287 $ 3,915 The balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2017 and 2016 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total At December 31, 2017: Individually evaluated for impairment: Recorded investment $ 1,172 $ — $ 975 $ — $ — $ — $ — $ 2,147 Balance in allowance for loan losses $ 330 $ — $ 83 $ — $ — $ — $ — $ 413 Collectively evaluated for impairment: Recorded investment $ 24,882 $ 7,356 $ 31,177 $ 1,051 $ 4,522 $ 794 $ — $ 69,782 Balance in allowance for loan losses $ 311 $ 59 $ 676 $ 22 $ 55 $ 86 $ 2,369 $ 3,578 At December 31, 2016: Individually evaluated for impairment: Recorded investment $ 375 $ — $ 1,004 $ — $ — $ — $ — $ 1,379 Balance in allowance for loan losses $ — $ — $ 104 $ — $ — $ — $ — $ 104 Collectively evaluated for impairment: Recorded investment $ 26,959 $ 5,829 $ 28,260 $ 5,681 $ 10,514 $ 1,829 $ — $ 79,072 Balance in allowance for loan losses $ 310 $ 58 $ 683 $ 120 $ 188 $ 165 $ 2,287 $ 3,811
Schedule of Loans by Credit Quality	The following summarizes the loan credit quality (in thousands): Pass OLEM (Other Loans Especially Mentioned) Sub- standard Doubtful Loss Total At December 31, 2017: Residential real estate $ 22,315 $ 2,494 $ 1,245 $ — $ — $ 26,054 Multi-family real estate 7,356 — — — — 7,356 Commercial real estate 24,704 6,473 975 — — 32,152 Land and construction 1,051 — — — — 1,051 Commercial 2,304 2,218 — — — 4,522 Consumer 794 — — — — 794 Total $ 58,524 $ 11,185 $ 2,220 $ — $ — $ 71,929 At December 31, 2016: Residential real estate $ 25,326 $ 1,633 $ 375 $ — $ — $ 27,334 Multi-family real estate 5,829 — — — — 5,829 Commercial real estate 25,979 1,174 2,111 — — 29,264 Land and construction 5,636 45 — — — 5,681 Commercial 8,768 — 1,746 — — 10,514 Consumer 1,823 — 6 — — 1,829 Total $ 73,361 $ 2,852 $ 4,238 $ — $ — $ 80,451
Schedule of Age Analysis of Past-due Loans	At December 31, 2017, no loans were past due, more than thirty days and no loans were on nonaccrual. Age analysis of past-due loans at December 31, 2016 is as follows (in thousands): Accruing Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Nonaccrual Loans Total Loans At December 31, 2016: Residential real estate $ — $ — $ — $ — $ 26,959 $ 375 $ 27,334 Multi-family real estate — — — — 5,829 — 5,829 Commercial real estate — — — — 29,264 — 29,264 Land and construction — — — — 5,681 — 5,681 Commercial — — — — 10,514 — 10,514 Consumer — 6 — 6 1,823 — 1,829 Total $ — $ 6 $ — $ 6 $ 80,070 $ 375 $ 80,451
Schedule of Impaired Loans	The following summarizes the amount of impaired loans (in thousands): At December 31, 2017 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Residential real estate $ 194 $ 217 $ — $ 375 $ 501 $ — Commercial real estate 231 231 — — — — With related allowance recorded: Residential real estate 978 978 330 — — — Commercial real estate 744 744 83 1,004 1,004 104 Total Residential real estate $ 1,172 $ 1,195 $ 330 $ 375 $ 501 $ — Commercial real estate $ 975 $ 975 $ 83 $ 1,004 $ 1,004 $ 104 Total $ 2,147 $ 2,170 $ 413 $ 1,379 $ 1,505 $ 104
Schedule of Interest Income Recognized and Received On Impaired Loans	The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands): For the Year Ended December 31, 2017 2016 Average Recorded Investment Interest Income Recognized Interest Income Received Average Recorded Investment Interest Income Recognized Interest Income Received Residential real estate $ 650 $ 226 $ 121 $ 886 $ 48 $ 76 Commercial real estate $ 900 $ 52 $ 52 $ 2,071 $ 76 $ 106 Total $ 1,550 $ 278 $ 173 $ 2,957 $ 124 $ 182

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	A summary of premises and equipment follows (in thousands): At December 31, 2017 2016 Land $ 1,171 $ 1,171 Buildings and improvements 2,105 2,065 Furniture, fixtures and equipment 1,308 1,268 Leasehold improvements 131 119 Total, at cost 4,715 4,623 Less accumulated depreciation and amortization (2,122 ) (1,975 ) Premises and equipment, net $ 2,593 $ 2,648
Schedule of Future Minimum Lease Payments for an Operating Lease	At December 31, 2017, the future minimum lease payments are approximately as follows (in thousands): Year Ending December 31, Amount 2018 $ 90 2019 92 2020 95 2021 98 2022 93 Total $ 468

Foreclosed Real Estate (Tables)

Foreclosed Real Estate (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule of (Income) Expenses Applicable to Foreclosed Real Estate	(Income) expenses applicable to foreclosed real estate during the year ended December 31, 2016 are as follows (in thousands): Provision for losses on foreclosed real estate $ — Gain on sale of foreclosed real estate (174 ) Operating expenses 51 $ (123 )

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2017
Deposits [Abstract]
Schedule of Maturities of Time Deposits	A schedule of maturities of time deposits at December 31, 2017 follows (in thousands): Year Ending December 31, Amount 2018 $ 24,507 2019 4,524 2020 378 2021 99 2022 1,066 $ 30,574

Federal Home Loan Bank Advanc37

Federal Home Loan Bank Advances and Junior Subordinated Debenture (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Maturities and Interest Rates On the Federal Home Loan Bank Advances	The maturities and interest rates on the Federal Home Loan Bank (“FHLB”) advances were as follows (dollars in thousands) Maturity Year Ending Interest At December 31, December 31, Rate 2017 2016 2017 0.80 % $ — $ 3,000 2017 0.49 — 15,500 2018 1.53 % 5,000 — 2018 1.60 10,500 — 2021 1.68 5,000 5,000 $ 20,500 $ 23,500

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, All Other Investments [Abstract]
Schedule of Estimated Fair Value of Financial Instruments	The estimated fair values of the Company’s financial instruments were as follows (in thousands): At December 31, 2017 At December 31, 2016 Carrying Amount Fair Value Level Carrying Amount Fair Value Level Financial assets: Cash and cash equivalents $ 11,665 $ 11,665 1 $ 17,640 $ 17,640 1 Securities available for sale 11,437 11,437 2 20,222 20,222 2 Loans 68,220 68,079 3 76,999 76,829 3 Federal Home Loan Bank stock 979 979 3 1,113 1,113 3 Accrued interest receivable 316 316 3 380 380 3 Financial liabilities: Deposit liabilities 65,251 65,475 3 86,087 86,442 3 Federal Home Loan Bank advances 20,500 20,394 3 23,500 23,500 3 Junior subordinated debenture 5,155 N/A (1) 3 5,155 N/A (1) 3 Off-balance sheet financial instruments __ __ 3 — — 3 (1) The Company is unable to determine value based on significant unobservable inputs required in the calculation. Refer to Note 7 for further information.
Schedule of Contractual Amounts of Bank-balance Sheet Risk	A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at December 31, 2017 follows (in thousands): Commitments to extend credit $ 791 Unused lines of credit $ 2,031 Standby letters of credit $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	Income tax benefit consisted of the following (in thousands): Year Ended December 31, 2017 2016 Current: Federal $ — $ — State — — Total Current — — Deferred: Federal 1,633 (134 ) State (32 ) (19 ) Change in Valuation Allowance (1,601 ) 153 Total Deferred — — Total $ — $ —
Schedule of Effective Income Tax Rate Reconciliation	The reasons for the differences between the statutory Federal income tax rate and the effective tax rate are summarized as follows (dollars in thousands): Year Ended December 31, 2017 2016 Amount % of Pretax Loss Amount % of Pretax Loss Income tax benefit at statutory rate $ (200 ) 34.0 % $ (135 ) 34.0 % Increase (decrease) resulting from: State taxes, net of Federal tax benefit (21 ) 3.6 % (13 ) 3.3 % Other permanent differences — — (5 ) 1.3 % Reduction in Federal income-tax rate 1822 (309.3 %) — — Change in valuation allowance (1,601 ) 271.7 % 153 (38.6 %) $ — — $ — —
Schedule of Deferred Tax Assets and Deferred Tax Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in thousands). At December 31, 2017 2016 Deferred tax assets: Net operating loss carryforwards $ 3,547 $ 5,125 Premises and equipment 66 78 Accrued expenses 104 — Nonaccrual loan interest 122 287 Unrealized loss on available for sale securities 85 153 Other 56 56 Gross deferred tax assets 3,980 5,699 Less: Valuation allowance 3,792 5,393 Net deferred tax assets 188 306 Deferred tax liabilities: Allowance for loan losses (77 ) (114 ) Loan costs (26 ) (39 ) Total deferred tax liabilities (103 ) (153 ) Net deferred tax asset $ 85 $ 153

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule of Capital Amounts, Ratios and Regulatory Thresholds	The following table shows the Bank’s capital amounts and ratios and regulatory thresholds at December 31, 2017 and 2016 (dollars in thousands): Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Requirements of Consent Order Amount % Amount % Amount % Amount % As of December 31, 2017: Total Capital to Risk-Weighted Assets $ 10,484 15.08 % $ 5,561 8.00 % $ 6,951 10.00 % $ 8,341 12.00 % Tier I Capital to Risk-Weighted Assets 9,577 13.78 4,170 6.00 5,561 8.00 N/A N/A Common equity Tier I capital to Risk-Weighted Assets 9,577 13.78 3,128 4.50 4,518 6.50 N/A N/A Tier I Capital to Total Assets 9,577 8.89 4,307 4.00 5,383 5.00 8,614 8.00 As of December 31, 2016: Total Capital to Risk-Weighted Assets $ 10,662 12.79 % $ 6,609 8.00 % $ 8,261 10.00 % $ 9,913 12.0 % Tier I Capital to Risk-Weighted Assets 9,498 11.50 4,957 6.00 6,609 8.00 N/A N/A Common equity Tier I capital to Risk-Weighted Assets 9,498 11.50 3,718 4.50 5,370 6.50 N/A N/A Tier I Capital to Total Assets 9,498 8.06 4,714 4.0 5,893 5.0 9,428 8.0

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Assets Measured On Nonrecurring Basis	Those impaired collateral-dependent loans which are measured at fair value or a nonrecurring basis are as follows (in thousands): At December 31, 2017 Fair Value Level 1 Level 2 Level 3 Total Losses Losses Recorded in Operations For the Year Ended December 31, 2017 Residential real estate $ 648 $ — $ — $ 648 $ 330 $ — At December 31, 2016 Fair Value Level 1 Level 2 Level 3 Total Losses Losses Recorded in Operations For the Year Ended December 31, 2016 Residential real estate $ 375 $ — $ — $ 375 $ 126 $ —

Holding Company Financial Inf42

Holding Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Balance Sheet	Condensed Balance Sheets At December 31, 2017 2016 Assets Cash $ 51 $ 164 Investment in subsidiary 9,328 9,245 Other assets 199 180 Total assets $ 9,578 $ 9,589 Liabilities and Stockholders’ Equity Other liabilities $ 1,878 $ 1,353 Junior subordinated debenture 5,155 5,155 Stockholders’ equity 2,545 3,081 Total liabilities and stockholders’ equity $ 9,578 $ 9,589
Schedule of Condensed Statements of Income and Comprehensive Income	Condensed Statements of Operations Year Ended December 31, 2017 2016 Earnings of subsidiary $ 79 $ 302 Interest expense (227 ) (193 ) Other expense (441 ) (505 ) Net loss $ (589 ) $ (396 )
Schedule of Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, 2017 2016 Cash flows from operating activities: Net loss $ (589 ) $ (396 ) Adjustments to reconcile net loss to net cash used in operating activities: Stock compensation to directors — 46 Stock compensation for services 21 128 Equity in undistributed earnings of subsidiary (79 ) (302 ) Increase in other liabilities 525 246 Increase in other assets (19 ) — Net cash used in operating activities (141 ) (278 ) Cash flow from investing activities- Investment in subsidiary (2 ) (21 ) Cash flow from financing activities: Proceeds from sale of common stock, net 30 375 Proceeds from sale of preferred stock — 75 Net cash provided by financing activities 30 450 Net (decrease) increase in cash (113 ) 151 Cash at beginning of the year 164 13 Cash at end of year $ 51 $ 164 Noncash transaction- Change in accumulated other comprehensive loss of subsidiary, net change in unrealized loss on securities available for sale, net of taxes $ 2 $ (114 )

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Dec. 22, 2017	Dec. 31, 2017	Dec. 31, 2016
Junior subordinated debenture		$ 5,155,000
Debt instrument periodic payment, principal		5,155,000
Accrued and unpaid interest payable		1,375,011
Cash reserves			$ 70,000
Statutory federal corporate income tax rate		34.00%	34.00%
Income tax provision
Advertising expense		$ 69,179	$ 9,400
Reverse common stock split		(1-for-10)	(1-for-10)
Minimum [Member]
Statutory federal corporate income tax rate	21.00%
Maximum [Member]
Statutory federal corporate income tax rate	35.00%
OptimumBank Holdings Capital Trust I [Member]
Proceeds from issuance of preferred securities		$ 5,000,000
Common stock to acquire debenture issued, value		$ 5,155,000

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Schedule of Weighted Average Number of Common Shares Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Weighted-average number of common shares outstanding used to calculate basic and diluted loss per common share	1,104,995	1,041,213

Securities (Details Narrative)

Securities (Details Narrative)	Dec. 31, 2017USD ($)Number	Dec. 31, 2016Number
Investment securities in unrealized loss position | Number	8	6
Federal Reserve Bank [Member]
Securities pledged, market value | $	$ 590,000

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Approximate Fair Values of Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amortized Cost	$ 11,771	$ 20,627
Gross Unrealized Gains	10
Gross Unrealized Losses	(344)	(405)
Fair Value	11,437	20,222
Collateralized Mortgage Obligations [Member]
Amortized Cost	8,806	10,157
Gross Unrealized Gains
Gross Unrealized Losses	(340)	(405)
Fair Value	8,466	9,752
SBA Pool Securities [Member]
Amortized Cost	2,965	10,470
Gross Unrealized Gains	10
Gross Unrealized Losses	(4)
Fair Value	$ 2,971	$ 10,470

Securities - Schedule of Sales

Securities - Schedule of Sales of Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales of securities	$ 6,448	$ 28,409
Gross gains from sale of securities	11	48
Gross losses from sale of securities		(234)
Net gain (loss) from sales of securities	$ 11	$ (186)

Securities - Schedule of Securi

Securities - Schedule of Securities with Gross Unrealized Losses, by Investment Category (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Securities in an Unrealized Loss Position Over 12 Months, Gross unrealized Losses	$ 343
Securities in an Unrealized Loss Position Over 12 Months, Fair Value	9,005
Securities in an Unrealized Loss Position Less than 12 Month, Gross unrealized Losses	1
Securities in an Unrealized Loss Position Less than 12 Month, Fair Value	540
Collateralized Mortgage Obligations [Member]
Securities in an Unrealized Loss Position Over 12 Months, Gross unrealized Losses	340	$ (46)
Securities in an Unrealized Loss Position Over 12 Months, Fair Value	8,466	864
Securities in an Unrealized Loss Position Less than 12 Month, Gross unrealized Losses		(359)
Securities in an Unrealized Loss Position Less than 12 Month, Fair Value		$ 8,888
SBA Pool Securities [Member]
Securities in an Unrealized Loss Position Over 12 Months, Gross unrealized Losses	3
Securities in an Unrealized Loss Position Over 12 Months, Fair Value	539
Securities in an Unrealized Loss Position Less than 12 Month, Gross unrealized Losses	1
Securities in an Unrealized Loss Position Less than 12 Month, Fair Value	$ 540

Securities - Schedule of Availa

Securities - Schedule of Available-for-Sale Securities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Securities available for sale, fair value	$ 11,437	$ 20,222
SBA Pool Securities [Member]
Securities available for sale, fair value	2,971	10,470
Fair Value [Member]
Securities available for sale, fair value	11,437	20,222
Fair Value [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale, fair value	8,466	9,752
Fair Value [Member] | SBA Pool Securities [Member]
Securities available for sale, fair value	2,971	10,470
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Securities available for sale, fair value
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale, fair value
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | SBA Pool Securities [Member]
Securities available for sale, fair value
Significant Other Observable Inputs Level 2 [Member]
Securities available for sale, fair value	11,437	20,222
Significant Other Observable Inputs Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale, fair value	8,466	9,752
Significant Other Observable Inputs Level 2 [Member] | SBA Pool Securities [Member]
Securities available for sale, fair value	2,971	10,470
Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale, fair value
Significant Unobservable Inputs (Level 3) [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale, fair value
Significant Unobservable Inputs (Level 3) [Member] | SBA Pool Securities [Member]
Securities available for sale, fair value

Loans - Schedule of Components

Loans - Schedule of Components of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Total loans	$ 71,929	$ 80,451
Net deferred loan fees, costs and premiums	282	463
Allowance for loan losses	(3,991)	(3,915)	$ (2,295)
Loans, net	68,220	76,999
Residential Real Estate [Member]
Total loans	26,054	27,334
Allowance for loan losses	(641)	(310)	(116)
Multi-Family Real Estate [Member]
Total loans	7,356	5,829
Allowance for loan losses	(59)	(58)	(26)
Commercial Real Estate [Member]
Total loans	32,152	29,264
Allowance for loan losses	(759)	(787)	(1,085)
Land and Construction [Member]
Total loans	1,051	5,681
Allowance for loan losses	(22)	(120)	(77)
Commercial [Member]
Total loans	4,522	10,514
Allowance for loan losses	(55)	(188)	(120)
Consumer [Member]
Total loans	794	1,829
Allowance for loan losses	$ (86)	$ (165)	$ (151)

Loans - Schedule of Change in A

Loans - Schedule of Change in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Beginning balance	$ 3,915	$ 2,295
Provision (credit) for loan losses
Charge-offs	(67)	(469)
Recoveries	143	2,089
Ending balance	3,991	3,915
Individually evaluated for impairment, Recorded investment	2,147	1,379
Individually evaluated for impairment, Allowance for loan losses	413	104
Collectively evaluated for impairment, Recorded investment	69,782	79,072
Collectively evaluated for impairment, Allowance for loan losses	3,578	3,811
Residential Real Estate [Member]
Beginning balance	310	116
Provision (credit) for loan losses	229	194
Charge-offs
Recoveries	102
Ending balance	641	310
Individually evaluated for impairment, Recorded investment	1,172	375
Individually evaluated for impairment, Allowance for loan losses	330
Collectively evaluated for impairment, Recorded investment	24,882	26,959
Collectively evaluated for impairment, Allowance for loan losses	311	310
Multi-Family Real Estate [Member]
Beginning balance	58	26
Provision (credit) for loan losses	1	32
Charge-offs
Recoveries
Ending balance	59	58
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment	7,356	5,829
Collectively evaluated for impairment, Allowance for loan losses	59	58
Commercial Real Estate [Member]
Beginning balance	787	1,085
Provision (credit) for loan losses	(28)	(2,069)
Charge-offs		(264)
Recoveries		2,035
Ending balance	759	787
Individually evaluated for impairment, Recorded investment	975	1,004
Individually evaluated for impairment, Allowance for loan losses	83	104
Collectively evaluated for impairment, Recorded investment	31,177	28,260
Collectively evaluated for impairment, Allowance for loan losses	676	683
Land and Construction [Member]
Beginning balance	120	77
Provision (credit) for loan losses	(122)	19
Charge-offs
Recoveries	24	24
Ending balance	22	120
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment	1,051	5,681
Collectively evaluated for impairment, Allowance for loan losses	22	120
Commercial [Member]
Beginning balance	188	120
Provision (credit) for loan losses	(133)	68
Charge-offs
Recoveries
Ending balance	55	188
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment	4,522	10,514
Collectively evaluated for impairment, Allowance for loan losses	55	188
Consumer [Member]
Beginning balance	165	151
Provision (credit) for loan losses	(29)	189
Charge-offs	(67)	(205)
Recoveries	17	30
Ending balance	86	165
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment	794	1,829
Collectively evaluated for impairment, Allowance for loan losses	86	165
Unallocated [Member]
Beginning balance	2,287	720
Provision (credit) for loan losses	82	1,567
Charge-offs
Recoveries
Ending balance	2,369	2,287
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment
Collectively evaluated for impairment, Allowance for loan losses	$ 2,369	$ 2,287

Loans - Schedule of Loans by Cr

Loans - Schedule of Loans by Credit Quality (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Risk rated loans	$ 71,929	$ 80,451
Pass [Member]
Risk rated loans	58,524	73,361
OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans	11,185	2,852
Substandard [Member]
Risk rated loans	2,220	4,238
Doubtful [Member]
Risk rated loans
Loss [Member]
Risk rated loans
Residential Real Estate [Member]
Risk rated loans	26,054	27,334
Residential Real Estate [Member] | Pass [Member]
Risk rated loans	22,315	25,326
Residential Real Estate [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans	2,494	1,633
Residential Real Estate [Member] | Substandard [Member]
Risk rated loans	1,245	375
Residential Real Estate [Member] | Doubtful [Member]
Risk rated loans
Residential Real Estate [Member] | Loss [Member]
Risk rated loans
Multi-Family Real Estate [Member]
Risk rated loans	7,356	5,829
Multi-Family Real Estate [Member] | Pass [Member]
Risk rated loans	7,356	5,829
Multi-Family Real Estate [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans
Multi-Family Real Estate [Member] | Substandard [Member]
Risk rated loans
Multi-Family Real Estate [Member] | Doubtful [Member]
Risk rated loans
Multi-Family Real Estate [Member] | Loss [Member]
Risk rated loans
Commercial Real Estate [Member]
Risk rated loans	32,152	29,264
Commercial Real Estate [Member] | Pass [Member]
Risk rated loans	24,704	25,979
Commercial Real Estate [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans	6,473	1,174
Commercial Real Estate [Member] | Substandard [Member]
Risk rated loans	975	2,111
Commercial Real Estate [Member] | Doubtful [Member]
Risk rated loans
Commercial Real Estate [Member] | Loss [Member]
Risk rated loans
Land and Construction [Member]
Risk rated loans	1,051	5,681
Land and Construction [Member] | Pass [Member]
Risk rated loans	1,051	5,636
Land and Construction [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans		45
Land and Construction [Member] | Substandard [Member]
Risk rated loans
Land and Construction [Member] | Doubtful [Member]
Risk rated loans
Land and Construction [Member] | Loss [Member]
Risk rated loans
Commercial [Member]
Risk rated loans	4,522	10,514
Commercial [Member] | Pass [Member]
Risk rated loans	2,304	8,768
Commercial [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans	2,218
Commercial [Member] | Substandard [Member]
Risk rated loans		1,746
Commercial [Member] | Doubtful [Member]
Risk rated loans
Commercial [Member] | Loss [Member]
Risk rated loans
Consumer [Member]
Risk rated loans	794	1,829
Consumer [Member] | Pass [Member]
Risk rated loans	794	1,823
Consumer [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans
Consumer [Member] | Substandard [Member]
Risk rated loans		6
Consumer [Member] | Doubtful [Member]
Risk rated loans
Consumer [Member] | Loss [Member]
Risk rated loans

Loans - Schedule of Age Analysi

Loans - Schedule of Age Analysis of Past-due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total Past Due		$ 6
Current Loans		80,070
Nonaccrual Loans		375
Total Loans	$ 71,929	80,451
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due		6
Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due
Residential Real Estate [Member]
Total Past Due
Current Loans		26,959
Nonaccrual Loans		375
Total Loans	26,054	27,334
Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Residential Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due
Residential Real Estate [Member] | Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due
Multi-Family Real Estate [Member]
Total Past Due
Current Loans		5,829
Nonaccrual Loans
Total Loans	7,356	5,829
Multi-Family Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Multi-Family Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due
Multi-Family Real Estate [Member] | Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due
Commercial Real Estate [Member]
Total Past Due
Current Loans		29,264
Nonaccrual Loans
Total Loans	32,152	29,264
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due
Commercial Real Estate [Member] | Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due
Land and Construction [Member]
Total Past Due
Current Loans		5,681
Nonaccrual Loans
Total Loans	1,051	5,681
Land and Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Land and Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due
Land and Construction [Member] | Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due
Commercial [Member]
Total Past Due
Current Loans		10,514
Nonaccrual Loans
Total Loans	4,522	10,514
Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due
Commercial [Member] | Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due
Consumer [Member]
Total Past Due		6
Current Loans		1,823
Nonaccrual Loans
Total Loans	$ 794	1,829
Consumer [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Consumer [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due		6
Consumer [Member] | Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Recorded Investment , With no related allowance recorded
Unpaid Principal Balance, With no related allowance recorded
Related Allowance, With no related allowance recorded
Recorded Investment , With related allowance recorded
Unpaid Principal Balance, With related allowance recorded
Related Allowance, With related allowance recorded
Total recorded investment	2,147	1,379
Total unpaid principal balance	2,170	1,505
Total related allowance	413	104
Residential Real Estate [Member]
Recorded Investment , With no related allowance recorded	194	375
Unpaid Principal Balance, With no related allowance recorded	217	501
Related Allowance, With no related allowance recorded
Recorded Investment , With related allowance recorded	978
Unpaid Principal Balance, With related allowance recorded	978
Related Allowance, With related allowance recorded	330
Total recorded investment	1,172	375
Total unpaid principal balance	1,195	501
Total related allowance	330
Commercial Real Estate [Member]
Recorded Investment , With no related allowance recorded	231
Unpaid Principal Balance, With no related allowance recorded	231
Related Allowance, With no related allowance recorded
Recorded Investment , With related allowance recorded	744	1,004
Unpaid Principal Balance, With related allowance recorded	744	1,004
Related Allowance, With related allowance recorded	83	104
Total recorded investment	975	1,004
Total unpaid principal balance	975	1,004
Total related allowance	$ 83	$ 104

Loans - Schedule of Interest In

Loans - Schedule of Interest Income Recognized and Received on Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Impaired loans - Average Recorded Investment	$ 1,550	$ 2,957
Impaired loans - Interest Income Recognized	278	124
Impaired loans - Interest Income Received	173	182
Residential Real Estate [Member]
Impaired loans - Average Recorded Investment	650	886
Impaired loans - Interest Income Recognized	226	48
Impaired loans - Interest Income Received	121	76
Commercial Real Estate [Member]
Impaired loans - Average Recorded Investment	900	2,071
Impaired loans - Interest Income Recognized	52	76
Impaired loans - Interest Income Received	$ 52	$ 106

Premises and Equipment (Details

Premises and Equipment (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Rental Expense	$ 73	$ 68

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Premises and equipment, gross	$ 4,715	$ 4,623
Less Accumulated Depreciation and Amortization	(2,122)	(1,975)
Premises and equipment, net	2,593	2,648
Land
Premises and equipment, gross	1,171	1,171
Buildings and Improvements [Member]
Premises and equipment, gross	2,105	2,065
Furniture, Fixtures and Equipment [Member]
Premises and equipment, gross	1,308	1,268
Leasehold Improvements [Member]
Premises and equipment, gross	$ 131	$ 119

Premises and Equipment - Sche58

Premises and Equipment - Schedule of Future Minimum Lease Payments for an Operating Lease (Details) $ in Thousands	Dec. 31, 2017USD ($)
Property, Plant and Equipment [Abstract]
2,018	$ 90
2,019	92
2,020	95
2,021	98
2,022	93
Total	$ 468

Foreclosed Real Estate - Schedu

Foreclosed Real Estate - Schedule of (Income) Expenses Applicable to Foreclosed Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Provision for losses on foreclosed real estate
Gain on sale of foreclosed real estate		(174)
Operating expenses		51
Foreclosed real estate (income) expenses		$ (123)

Deposits (Details Narrative)

Deposits (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Time deposits greater than $100,000	$ 19,300	$ 34,800
Time deposits	30,574	$ 56,725
Minimum [Member]
Time deposits	$ 100

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deposits [Abstract]
2,018	$ 24,507
2,019	4,524
2,020	378
2,021	99
2,022	1,066
Total	$ 30,574	$ 56,725

Federal Home Loan Bank Advanc62

Federal Home Loan Bank Advances and Junior Subordinated Debenture (Details Narrative) - USD ($)	Sep. 30, 2004	Dec. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Available for sale securities and blanket lien on qualifying loans pledged as collateral to the Federal Home Loan Bank		$ 40,100,000	$ 22,000,000
Junior subordinated debenture principal amount	$ 5,155,000
Debenture term	30 years
Debt instrument interest rate stated	6.40%
Debt interest rate terms	The interest rate was fixed at 6.4% for the first five years, and thereafter, the coupon rate floats quarterly at the three-month LIBOR rate plus 2.45% (3.78% at December 31, 2017).
Variable rate basis description	three-month LIBOR rate plus 2.45%
Basis spread on variable rate	2.45%
Deferred interest payments on debenture		$ 1,375,011

Federal Home Loan Bank Advanc63

Federal Home Loan Bank Advances and Junior Subordinated Debenture - Schedule of Maturities and Interest Rates On the Federal Home Loan Bank Advances (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total	$ 20,500	$ 23,500
2017 [Member]
Average Interest Rate	0.80%
Total		3,000
2017 [Member]
Average Interest Rate	0.49%
Total		15,500
2018 [Member]
Average Interest Rate	1.53%
Total	$ 5,000
2018 [Member]
Average Interest Rate	1.60%
Total	$ 10,500
2021 [Member]
Average Interest Rate	1.68%
Total	$ 5,000	$ 5,000

Financial Instruments - Schedul

Financial Instruments - Schedule of Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Securities available for sale		$ 11,437	$ 20,222
Accrued interest receivable		316	380
Carrying Amount [Member]
Cash and cash equivalents		11,665	17,640
Securities available for sale		11,437	20,222
Loans		68,220	76,999
Federal Home Loan Bank stock		979	1,113
Accrued interest receivable		316	380
Deposit liabilities		65,251	86,087
Federal Home Loan Bank advances		20,500	23,500
Junior subordinated debenture		5,155	5,155
Off-balance sheet financial instruments
Fair Value [Member]
Cash and cash equivalents		11,665	17,640
Securities available for sale		11,437	20,222
Loans		68,079	76,829
Federal Home Loan Bank stock		979	1,113
Accrued interest receivable		316	380
Deposit liabilities		65,475	86,442
Federal Home Loan Bank advances		20,394	23,500
Junior subordinated debenture	[1]
Off-balance sheet financial instruments
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Cash and cash equivalents		11,665	17,640
Securities available for sale
Significant Other Observable Inputs Level 2 [Member]
Securities available for sale		11,437	20,222
Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale
Loans		68,079	76,829
Federal Home Loan Bank stock		979	1,113
Accrued interest receivable		302	380
Deposit liabilities		65,475	86,442
Federal Home Loan Bank advances		20,394	23,500
Junior subordinated debenture
Off-balance sheet financial instruments
[1]	The Company is unable to determine value based on significant unobservable inputs required in the calculation. Refer to Note 7 for further information.

Financial Instruments - Sched65

Financial Instruments - Schedule of Contractual Amounts of Bank-balance Sheet Risk (Details) $ in Thousands	Dec. 31, 2017USD ($)
Investments, All Other Investments [Abstract]
Commitments to extend credit	$ 791
Unused lines of credit	2,031
Standby letters of credit

Income Taxes (Details Narrative

Income Taxes (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Operating Loss Carryforwards [Line Items]
Carryforwards expiration, description	carryforwards will begin to expire in 2029.
Federal
Operating Loss Carryforwards [Line Items]
Net Operating Loss carryforwards	$ 14,000
Florida
Operating Loss Carryforwards [Line Items]
Net Operating Loss carryforwards	$ 13,900

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current: Federal
Current: State
Total Current
Deferred: Federal	1,633	(134)
Deferred: State	(32)	(19)
Deferred: Change in valuation allowance	(1,601)	153
Total Deferred
Income Tax Expense

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax benefit at statutory rate	$ (200)	$ (135)
State taxes, net of Federal tax benefit	(21)	(13)
Other permanent differences		(5)
Reduction in Federal income-tax rate	1,822
Change in valuation allowance	(1,601)	153
Income Tax Expense
Income tax benefit at statutory rate, tax rate	34.00%	34.00%
State taxes, net of Federal tax benefit	3.60%	3.30%
Other permanent differences		1.30%
Reduction in Federal income-tax rate	(309.30%)
Change in valuation allowance	271.70%	(38.60%)
Total

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 3,547	$ 5,125
Premises and equipment	66	78
Accrued expenses	104
Nonaccrual loan interest	122	287
Unrealized loss on available for sale securities	85	153
Other	56	56
Gross deferred tax assets	3,980	5,699
Less: Valuation allowance	3,792	5,393
Net deferred tax assets	188	306
Allowance for loan losses	(77)	(114)
Loan costs	(26)	(39)
Total deferred tax liabilities	(103)	(153)
Net deferred tax asset	$ 85	$ 153

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related party loans receivable
Related party deposit liabilities	229	$ 635
Directors [Member]
Legal fees	$ 54

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)shares	May 31, 2016shares	Dec. 27, 2011shares
Reverse stock split ratio	0.10	0.10
Accrued employee related compensation | $	$ 200	$ 200
Common stock issued as compensation to directors | $		46
Shares available for grant	37,220
Post Split [Member]
Common stock issued as compensation to directors | $	$ 214	$ 246
First quarter of 2018 [Member]
Number of shares issued	2,821
Directors [Member]
Common stock issued as compensation to directors for services, shares		57,476
Common stock issued as compensation to directors, shares	105,819
Directors [Member] | Subsequently in 2018 [Member]
Number of shares issued	141,921
Common stock issued as compensation to directors, shares	36,102
Accrued employee related compensation | $	$ 200
2011 Compensation Plan [Member]
Shares authorized for grant			210,000	105,000
2011 Plan [Member]
Number of shares issued	2,821
Shares issued price per share | $ / shares	$ 3.14

Regulatory Matters (Details Nar

Regulatory Matters (Details Narrative) - USD ($) $ in Thousands	Nov. 07, 2016	Dec. 31, 2017	Dec. 31, 2016
Minimum requirement of capital conservation buffer, ratio		1.25%	0.625%
Conversion buffer, description		The required conservation buffer of 2.50% is to be phased in at 0.625% on each January 1st over the next two years.
Leverage ratio		8.89%
Risk-based capital ratio		15.08%
Regulatory matters, description		The Bank is required to notify the Supervisory Authorities at least sixty days prior to undertaking asset growth that exceeds 10% or more per annum or initiating material changes in asset or liability composition.
Bank accrued		$ 305	$ 60
Minimum [Member]
Estimated cost of BSA's consent order	$ 250
Maximum [Member]
Estimated cost of BSA's consent order	$ 420
Beginning 90 Days from the Issuance [Member]
Leverage ratio	8.00%
Risk-based capital ratio	12.00%

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Capital Amounts, Ratios and Regulatory Thresholds (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Total Capital to Risk-Weighted Assets	$ 10,484	$ 10,662
Total Capital to Risk-Weighted Assets ratio	15.08%	12.79%
Tier I Capital to Risk-Weighted Assets	$ 9,577	$ 9,498
Tier I Capital to Risk-Weighted Assets ratio	13.78%	11.50%
Common equity Tier 1 capital to Risk-Weighted Assets	$ 9,577	$ 9,498
Common equity Tier 1 capital to Risk-Weighted Assets, ratio	13.78%	11.50%
Tier I Capital to Total Assets	$ 9,577	$ 9,498
Tier I Capital to Total Assets ratio	8.89%	8.06%
Minimum amount of capital for adequacy purposes	$ 5,561	$ 6,609
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 4,170	$ 4,957
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	6.00%	6.00%
Common equity Tier 1 capital to Risk-Weighted Assets for adequacy purposes	$ 3,128	$ 3,718
Common equity Tier 1 capital to Risk-Weighted Assets for adequacy purposes, ratio	4.50%	4.50%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 4,307	$ 4,714
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
Minimum Capital required to be well-capitalized	$ 6,951	$ 8,261
Minimum Capital required to be well-capitalized, ratio	10.00%	10.00%
Minimum Tier 1 Capital required to be well-capitalized	$ 5,561	$ 6,609
Minimum Tier 1 Capital required to be well-capitalized, ratio	8.00%	8.00%
Common equity Tier I capital to Risk-Weighted Assets to be well-capitalized	$ 4,518	$ 5,370
Common equity Tier I capital to Risk-Weighted Assets to be well-capitalized, ratio	6.50%	6.50%
Minimum Capital required to be well-capitalized	$ 5,383	$ 5,893
Minimum Capital required to be well-capitalized, ratio	5.00%	5.00%
Minimum Capital required under consent order	$ 8,341	$ 9,913
Minimum Capital required under consent order, ratio	12.00%	12.00%
Minimum Tier 1 Capital required under consent order	$ 8,614	$ 9,428
Minimum Tier 1 Capital required under consent order, ratio	8.00%	8.00%

Loan Loss Recovery (Details Nar

Loan Loss Recovery (Details Narrative) - USD ($) $ in Thousands	Jan. 06, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Loan Loss Recovery
Recovery of previously charged-off amounts to the allowance for loan and lease losses	$ 1,800
Allowance for loan and lease losses		$ 3,991	$ 3,915	$ 2,295

Reclassification (Details Narra

Reclassification (Details Narrative) - Chairman [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)shares
Common stock issued as compensation to chairman, shares | shares	46,296
Share-based compensation expense | $	$ 200

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member]
Cumulative Fair value losses	$ 330	$ 126
Losses recorded in operations during the period
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member]
Loans receivable, Fair Value
Significant Other Observable Inputs Level 2 [Member] | Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member]
Loans receivable, Fair Value
Significant Unobservable Inputs (Level 3) [Member]
Loans receivable, Fair Value	68,079	76,829
Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member]
Loans receivable, Fair Value	648	375
Fair Value [Member] | Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member]
Loans receivable, Fair Value	$ 648	$ 375

Holding Company Financial Inf77

Holding Company Financial Information - Schedule of Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other assets	$ 656	$ 701
Total assets	95,866	119,703
Other liabilities	2,369	1,623
Junior subordinated debenture	5,155	5,155
Stockholders' equity	2,545	3,081	$ 2,967
Total liabilities and stockholders' equity	95,866	119,703
Holding Company [Member]
Cash	51	164	$ 13
Investment in subsidiary	9,328	9,245
Other assets	199	180
Total assets	9,578	9,589
Other liabilities	1,878	1,353
Junior subordinated debenture	5,155	5,155
Stockholders' equity	2,545	3,081
Total liabilities and stockholders' equity	$ 9,578	$ 9,589

Holding Company Financial Inf78

Holding Company Financial Information - Schedule of Condensed Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest expense	$ (1,196)	$ (1,079)
Other expense	(553)	(443)
Net loss	(589)	(396)
Holding Company [Member]
Earnings of subsidiary	79	302
Interest expense	(227)	(193)
Other expense	(441)	(505)
Net loss	$ (589)	$ (396)

Holding Company Financial Inf79

Holding Company Financial Information - Schedule of Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net loss	$ (589)	$ (396)
Stock compensation to directors		46
Increase in other liabilities	749	203
Increase in other assets	24	4
Proceeds from sale of common stock, net	30	375
Proceeds from sale of preferred stock		75
Holding Company [Member]
Net loss	(589)	(396)
Stock compensation to directors		46
Stock compensation for services	21	128
Equity in undistributed earnings of subsidiary	(79)	(302)
Increase in other liabilities	525	246
Increase in other assets	(19)
Net cash used in operating activities	(141)	(278)
Investment in subsidiary	(2)	(21)
Proceeds from sale of common stock, net	30	375
Proceeds from sale of preferred stock		75
Net cash provided by financing activities	30	450
Net (decrease) increase in cash	(113)	151
Cash at beginning of the year	164	13
Cash at end of year	51	164
Change in accumulated other comprehensive loss of subsidiary, net change in unrealized loss on securities available for sale, net of taxes	$ 2	$ (114)

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Preferred stock number of shares issued	7	7
Preferred stock value
Preferred stock, liquidation value per share	$ 25,000	$ 25,000
Series A Preferred Stock [Member]
Preferred stock number of shares issued	7
Preferred stock value	$ 25,000
Preferred stock dividend description	These dividends will be paid annually in arrears on December 31 of each year. Notwithstanding the foregoing, dividends will not be declared, paid or set aside for payment to the extent such act would cause the Company to fail to comply with laws and regulations. These dividends will be cumulative.
Preferred stock dividend rate per annum	10.00%
Preferred stock, liquidation value per share	$ 25,000