OptimumBank (OPHC) 10-K 27 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 25, 2019	Jun. 30, 2018
Document And Entity Information
Entity Registrant Name	OptimumBank Holdings, Inc.
Entity Central Index Key	0001288855
Document Type	10-K
Document Period End Date	Dec. 31, 2018
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	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 5,644,292
Entity Common Stock, Shares Outstanding		1,858,020
Trading Symbol	OPHC
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets:
Cash and due from banks	$ 1,934	$ 1,224
Interest-bearing deposits with banks	6,049	10,441
Total cash and cash equivalents	7,983	11,665
Securities available for sale	2,359	11,437
Securities held-to-maturity (fair value of $7,175)	7,139
Loans, net of allowance for loan losses of $2,243 and $3,991	77,200	68,220
Federal Home Loan Bank stock	1,132	979
Premises and equipment, net	2,668	2,593
Accrued interest receivable	314	316
Other assets	1,573	656
Total assets	100,368	95,866
Liabilities:
Noninterest-bearing demand deposits	9,638	12,632
Savings, NOW and money-market deposits	26,682	22,045
Time deposits	26,058	30,574
Total deposits	62,378	65,251
Federal Home Loan Bank advances	24,600	20,500
Junior subordinated debenture	5,155	5,155
Federal funds purchased	560
Official checks	274	46
Other liabilities	2,095	2,369
Total liabilities	95,062	93,321
Commitments and contingencies (Notes 4, 7 and 13)
Stockholders' equity:
Preferred stock, no par value; 6,000,000 shares authorized: Designated Series A, no par value, $25,000 liquidation value per share, none issued or outstanding in 2018 and 7 shares issued and outstanding in 2017
Common stock, $.01 par value; 5,000,000 shares authorized, 1,858,020 shares issued and outstanding in 2018 and 1,120,947 shares issued and outstanding in 2017	18	11
Additional paid-in capital	36,128	34,090
Accumulated deficit	(30,510)	(31,306)
Accumulated other comprehensive loss	(330)	(250)
Total stockholders' equity	5,306	2,545
Total liabilities and stockholders' equity	$ 100,368	$ 95,866

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Securities held to maturity, fair value	$ 7,175
Loans, allowance for loan losses	$ 2,243	$ 3,991
Preferred stock, par value
Preferred stock, shares authorized	6,000,000	6,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	1,858,020	1,120,947
Common stock, shares outstanding	1,858,020	1,120,947
Designated Series A Preferred Stock [Member]
Preferred stock, par value
Preferred stock liquidation value per share	$ 25,000	$ 25,000
Preferred stock, shares issued		7
Preferred stock, shares outstanding		7

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest income:
Loans	$ 3,912	$ 4,126
Securities	232	366
Other	148	224
Total interest income	4,292	4,716
Interest expense:
Deposits	510	674
Borrowings	736	522
Total interest expense	1,246	1,196
Net interest income	3,046	3,520
Credit for loan losses	1,754
Net interest income after credit for loan losses	4,800	3,520
Noninterest income:
Service charges and fees	49	26
Other	35	15
Gain on sale of securities available for sale		11
Total noninterest income	84	52
Noninterest expenses:
Salaries and employee benefits	1,864	1,770
Occupancy and equipment	437	415
Data processing	407	342
Professional fees	558	784
Insurance	95	95
Regulatory assessments	114	202
Other	613	553
Total noninterest expenses	4,088	4,161
Net earnings (loss)	$ 796	$ (589)
Net earnings (loss) per share:
Basic and diluted	$ .53	$ (0.53)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Net earnings (loss)	$ 796	$ (589)
Change in unrealized loss on securities:
Unrealized gain arising during the year	270	82
Amortization of unrealized loss on securities transferred to held-to-maturity	55
Reclassification adjustment for unrealized loss on securities transferred to held-to-maturity	(432)
Reclassification adjustment for realized gain on sale of securities available for sale		(11)
Other comprehensive (loss) income before income tax benefit (expense)	(107)	71
Deferred income tax benefit (expense) on above change	27	(69)
Total other comprehensive (loss) income	(80)	2
Comprehensive income (loss)	$ 716	$ (587)

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, 2016		$ 11	$ 34,039	$ (30,717)	$ (252)	$ 3,081
Balance beginning, 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
Common stock issued for services			21			21
Common stock issued for services, shares		7,500
Net change in unrealized loss on securities available for sale, net of income taxes					2	2
Net earnings (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
Proceeds from sale of common stock		$ 2	523			525
Proceeds from sale of common stock, shares		211,367
Net change in unrealized loss on securities available for sale, net of income taxes					200	200
Common stock issued as compensation to directors		$ 2	613			615
Common stock issued as compensation to directors, shares		144,742
Common stock issued in exchange for Preferred Stock
Common stock issued in exchange for Preferred Stock, shares	(7)	79,186
Common stock issued in exchange for Trust Preferred Securities		$ 3	$ 902			$ 905
Common stock issued in exchange for Trust Preferred Securities, shares		301,778
Amortization of unrealized loss on securities transferred to held to maturity					44	44
Unrealized loss on securities transferred to held to maturity, net of income tax benefit					(324)	(324)
Net earnings (loss)				796		796
Balance ending at Dec. 31, 2018		$ 18	$ 36,128	$ (30,510)	$ (330)	$ 5,306
Balance ending, shares at Dec. 31, 2018		1,858,020

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net earnings (loss)	$ 796	$ (589)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization	159	149
Common stock issued as compensation for services		21
Net amortization of fees, premiums and discounts	237	211
Credit for loan losses	(1,754)
Gain from sale of securities available for sale		(11)
Decrease in accrued interest receivable	2	64
Decrease (increase) in other assets	15	(24)
Increase in official checks and other liabilities	569	749
Net cash provided by operating activities	24	570
Cash flows from investing activities:
Principal repayments of securities available for sale	906	2,189
Proceeds from sale of securities available for sale		6,448
Principal repayments of securities held-to-maturity	814
Net (increase) decrease in loans	(7,351)	8,798
Purchase of premises and equipment, net	(234)	(94)
(Purchase) redemption of Federal Home Loan Bank stock	(153)	134
Net cash (used in) provided by investing activities	(6,018)	17,475
Cash flows from financing activities:
Net decrease in deposits	(2,873)	(20,836)
Purchase (repayments) of Federal Home Loan Bank advances, net	4,100	(3,000)
Net decrease in advanced payment by borrowers for taxes and insurance		(214)
Proceeds from sale of common stock	525	30
Increase in federal funds purchased	560
Net cash provided by (used in) financing activities	2,312	(24,020)
Decrease in cash and cash equivalents	(3,682)	(5,975)
Cash and cash equivalents at beginning of the year	11,665	17,640
Cash and cash equivalents at end of the year	7,983	11,665
Supplemental disclosure of cash flow information:
Interest	931	980
Income taxes
Noncash transactions:
Change in accumulated other comprehensive loss, net change in unrealized loss on securities available for sale, net of income taxes	(80)	2
Transfer of securities from available for sale to held to maturity	7,945
Reclassification of stock compensation from other liabilities to common stock	615
Issuance of common stock in exchange for Trust Preferred Securities	905
Amortization of unrealized loss on securities transferred to held-to-maturity	$ (55)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies Organization. Basis of Presentation. Junior Subordinated Debenture. The Trustee, Wells Fargo Bank, for the Debenture (the “Trustee”) and the beneficial owners of the Debenture are entitled to accelerate the payment of the $5,155,000 principal balance plus accrued and unpaid interest totaling $1,686,350 at December 31, 2018. To date, neither the Trustee nor the holders have accelerated the outstanding balance of the Debenture. No adjustments to the accompanying consolidated financial statements have been made as a result of this uncertainty. In May 2018, a company affiliated with a director of the Company (the “New Holder”) purchased all 5,000 Trust Preferred Securities from a third party. During the third quarter of 2018, the New Holder sold its rights in approximately 694 of the Trust Preferred Securities to several unaffiliated third parties, who subsequently exchanged these Trust Preferred Securities for 301,778 shares of the Company’s common stock. Due to regulatory agreement the exchange of Trust Preferred Securities for the Company’s common stock cannot reduce the principal amount of the Debenture collateralizing the Trust Preferred Securities. Accordingly is recorded as an increase in the Company’s equity interest in the unconsolidated subsidiary trust, presented in “Other Assets” in the accompanying consolidated balance sheets. Although the Company and the New Holder have not executed a formal, definitive bilateral agreement, the New Holder has provided the Company with written representations that the New Holder will not accelerate and demand payment of any of the remaining 4,306 Trust Preferred Securities principal or accrued interest within the next twelve months from the date this Annual Report, Form 10-K as of and for the year ended December 31, 2018, is filed with the Securities and Exchange Commission. 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 deposit with Federal Reserve Banks or in Pass-through accounts with other banks. At December 31, 2018 and 2017, there were no required cash reserves. 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 income. 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 are recorded as a component of income tax expense. See Note 9 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 the income tax provision due to the valuation allowance on the deferred tax asset. Advertising. Stock Compensation Plan. Earnings (loss) Per Share. Year Ended December 31, 2018 2017 Weighted-average number of common shares outstanding used to calculate basic and diluted earnings (loss) per common share 1,493,303 1,104,995 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. Federal Funds Purchased. Off-Balance-Sheet Financial Instruments. Comprehensive income (loss). Accumulated other comprehensive loss consists of the following (in thousands): December 31, December 31, 2018 2017 Unrealized loss on securities available for sale $ (64 ) $ (334 ) Unamortized portion of unrealized loss related to securities available for sale transferred to securities held-to-maturity (377 ) — Income tax benefit 111 84 $ (330 ) $ (250 ) Recent Pronouncements. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326) In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedge Activities In June 2018, the FASB issued ASU No. 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting Equity-Equity-Based payments to Non-Employees

Securities

Securities	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Securities	(2) Securities. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value At December 31, 2018: Held-to-maturity – Collateralized mortgage obligations $ 7,139 $ 40 $ (4 ) $ 7,175 Available for sale – SBA Pool Securities $ 2,423 $ — $ (64 ) $ 2,359 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 In April 2018, the bank transferred securities of $7,945,000 from the available-for-sale category to the held-to-maturity category at their then fair values resulting in unrealized losses of $432,000. The unrealized loss which is recorded in the stockholders’ equity net of amortization and net of tax is being amortized over the remaining term of the securities. At December 31, 2018, $55,000 has been amortized. There were no sales of securities available for sale during the year ended December 31, 2018. The following summarizes the sale of securities available for sale during the year ended December 31, 2017 (in thousands): Proceeds from sales $ 6,448 Gross gains from sales 11 Gross loss from sales - Net gain from sales $ 11 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, 2018 Over Twelve Months Less Than Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Held-to-maturity — Collateralized mortgage obligations $ 4 $ 1,361 $ — $ — Available for Sale — SBA Pool Securities $ 24 $ 829 $ 40 $ 1,530 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 Securities $ 3 $ 539 $ 1 $ 540 343 9,005 $ 1 $ 540 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, 2018 and 2017, the unrealized losses on seven and eight 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, 2018 – SBA Pool Securities $ 2,359 $ — $ 2,359 $ — At December 31, 2017: Collateralized mortgage obligations $ 8,466 $ — $ 8,466 $ — SBA Pool Securities 2,971 — 2,971 — $ 11,437 $ — $ 11,437 $ — During the years ended December 31, 2018 and 2017, no securities were transferred in or out of Level 1, 2 or 3. As of December 31, 2018, the Company had pledged Securities with a market value of $453,000 as collateral for the Federal Reserve Bank Discount Window. The Company’s available-for-sale and held-to-maturity securities all have contractual maturity dates which are greater than ten years after December 31, 2018. Expected maturities of these securities will differ from contractual maturities because borrowers have the right to call or repay obligations with or without call or prepayment penalties.

Loans

Loans	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Loans	(3) Loans. At December 31, At December 31, 2018 2017 Residential real estate $ 27,204 $ 26,054 Multi-family real estate 8,195 7,356 Commercial real estate 36,634 32,152 Land and construction 1,998 1,051 Commercial 4,997 4,522 Consumer 260 794 Total loans 79,288 71,929 Add (deduct): Net deferred loan fees, costs and premiums 155 282 Allowance for loan losses (2,243 ) (3,991 ) Loans, net $ 77,200 $ 68,220 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. An analysis of the change in the allowance for loan losses for the years ended December 31, 2018 and 2017 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total Year Ended December 31, 2018: Beginning balance $ 641 $ 59 $ 759 $ 22 $ 55 $ 86 $ 2,369 $ 3,991 (Credit) provision for loan losses (97 ) 29 (192 ) (26 ) 795 (44 ) (2,219 ) (1,754 ) Charge-offs — — — — — (25 ) — (25 ) Recoveries — — — 23 — 8 — 31 Ending balance $ 544 $ 88 $ 567 $ 19 $ 850 $ 25 $ 150 $ 2,243 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 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, 2018 and 2017 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total At December 31, 2018: Individually evaluated for impairment: Recorded investment $ 954 $ — $ 3,861 $ — $ 1,928 $ — $ — $ 6,743 Balance in allowance for loan losses $ 268 $ — $ 162 $ — $ 814 $ — $ — $ 1,244 Collectively evaluated for impairment: Recorded investment $ 26,250 $ 8,195 $ 32,773 $ 1,998 $ 3,069 $ 260 $ — $ 72,545 Balance in allowance for loan losses $ 276 $ 88 $ 405 $ 19 $ 36 $ 25 $ 150 $ 999 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 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”). That increased the balance of the ALLL to approximately $4.2 million. 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. During the second quarter of 2018, the FDIC approved management’s request. In June 2018, the Bank reversed $2.1 million of the ALLL into income. Residential Real Estate, Multi-Family Real Estate, Commercial Real Estate, Land and Construction Commercial Consumer Pass OLEM (Other Loans Especially Mentioned) Sub- standard Doubtful Loss Total At December 31, 2018: Residential real estate $ 26,250 $ — $ 954 $ — $ — $ 27,204 Multi-family real estate 8,195 — — — — 8,195 Commercial real estate 31,050 1,723 3,861 — — 36,634 Land and construction 1,998 — — — — 1,998 Commercial 2,362 707 1,928 — — 4,997 Consumer 260 — — — — 260 Total $ 70,115 $ 2,430 $ 6,743 $ — $ — $ 79,288 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 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 as 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. Age analysis of past due loans at December 31, 2018 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, 2018: Residential real estate $ — $ — $ — $ — $ 27,204 $ — $ 27,204 Multi-family real estate — — — — 8,195 — 8,195 Commercial real estate — — — — 35,254 1,380 36,634 Land and construction — — — — 1,998 — 1,998 Commercial — — — — 4,997 — 4,997 Consumer — — — — 260 — 260 Total $ — $ — $ — $ — $ 77,908 $ 1,380 $ 79,288 At December 31, 2017, no loans were past due, more than thirty days and no loans were on nonaccrual. The following summarizes the amount of impaired loans (in thousands): At December 31, 2018 At December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Residential real estate $ — $ — $ — $ 194 $ 217 $ — Commercial real estate 2,259 2,259 — 231 231 — Commercial 1,114 1,114 — — — — With related allowance recorded: Residential real estate 954 954 268 978 978 330 Commercial real estate 1,602 1,602 162 744 744 83 Commercial 814 814 814 — — — Total Residential real estate $ 954 $ 954 $ 268 $ 1,172 $ 1,195 $ 330 Commercial real estate $ 3,861 $ 3,861 $ 162 $ 975 $ 975 $ 83 Commercial $ 1,928 $ 1,928 $ 814 $ — $ — $ — Total $ 6,743 $ 6,743 $ 1,244 $ 2,147 $ 2,170 $ 413 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, 2018 2017 Average Recorded Investment Interest Income Recognized Interest Income Received Average Recorded Investment Interest Income Recognized Interest Income Received Residential real estate $ 981 $ 76 $ 76 $ 817 $ 226 $ 121 Commercial real estate $ 677 $ 25 $ 25 $ 984 $ 52 $ 52 Commercial $ 1,638 $ 86 $ 86 $ — $ — $ — Total $ 3,296 $ 187 $ 187 $ 1,801 $ 278 $ 173 There were no loans modified and determined to be troubled debt restructurings during the years ended December 31, 2018 and 2017.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Premises and Equipment	(4) Premises and Equipment A summary of premises and equipment follows (in thousands): At December 31, 2018 2017 Land $ 1,171 $ 1,171 Buildings and improvements 2,123 2,105 Furniture, fixtures and equipment 684 1,308 Leasehold improvements 127 131 Total, at cost 4,105 4,715 Less accumulated depreciation and amortization (1,437 ) (2,122 ) Premises and equipment, net $ 2,668 $ 2,593 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, 2018 and 2017 was $90,000 and $73,000, respectively. At December 31, 2018, the future minimum lease payments are approximately as follows (in thousands): Year Ending December 31, Amount 2019 $ 92 2020 95 2021 98 2022 93 Total $ 378

Deposits

Deposits	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Deposits	(5) Deposits The aggregate amount of time deposits with a minimum denomination of $250,000 was approximately $2.7 and $1.3 million at December 31, 2018 and 2017, respectively. A schedule of maturities of time deposits at December 31, 2018 follows (in thousands): Year Ending December 31, Amount 2019 $ 20,413 2020 3,914 2021 334 2022 1,095 2023 302 $ 26,058

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances, Other Available Credit and Junior Subordinated Debenture	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Federal Home Loan Bank Advances, Other Available Credit and Junior Subordinated Debenture	(6) Federal Home Loan Bank Advances, Other Available Credit 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 2018 2017 2018 1.53% $ — $ 5,000 2019 1.60 - 2.65% 19,600 10,500 2021 1.68% 5,000 5,000 $ 24,600 $ 20,500 At December 31, 2018, all FHLB advances had fixed interest rates, with the exception of one advance in the amount of $9.1 million which is a daily rate credit and matures in 2019. At December 31, 2018, the FHLB advances were collateralized by a blanket lien requiring the Company to maintain certain first mortgage loans as pledged collateral. The Company has remaining credit availability of $2.0 million which can be used if additional collateral is pledged. At December 31, 2018, the Company had loans pledged with a carrying value of $39.5 million as collateral for FHLB advances. At December 31, 2018, the Company also had lines of credit amounting to $8.4 million with four correspondent banks to purchase federal funds. The Company also has a line of credit with the Federal Reserve Bank under which the Company may draw up to $0.4 million. The line is secured by $0.5 million in securities. There were $560,000 of federal funds purchased outstanding with one of the correspondent banks at December 31, 2018. There were no federal funds purchased outstanding at December 31, 2017. Junior Subordinated Debenture Beginning in 2010, the Company exercised its right to defer payment of interest on the Debenture. Interest payments deferred as of December 31, 2018 totaled $1,686,350. The Company has deferred interest payments with respect to the Debenture for the maximum allowable twenty consecutive quarterly payments. The Trustee for the Debenture and the beneficial owners of the Debenture can accelerate the $5,155,000 principal balance plus accrued and unpaid interest, as a result of this default. To date, neither the Trustee nor the holders have accelerated the outstanding balance of the Debenture. No adjustments to the accompanying consolidated financial statements have been made as a result of this uncertainty. Under the Written Agreement, the Company is not able to make any interest or principal payments without the prior approval of the Federal Reserve Bank of Atlanta. In May 2018, a company affiliated with a director of the Company (the “New Holder”) purchased all 5,000 Trust Preferred Securities from a third party. During the third quarter of 2018, the New Holder sold its rights in approximately 694 of the Trust Preferred Securities to several unaffiliated third parties, who subsequently exchanged these Trust Preferred Securities for 301,778 shares of the Company’s common stock. Due to regulatory agreement the exchange of Trust Preferred Securities for the Company’s common stock cannot reduce the prinicipal amount of the Debenture collateralizing the Trust Preferred Securities. Accordingly is recorded as an increase in the Company’s equity interest in the unconsolidated subsidiary trust, presented in “Other Assets” in the accompanying consolidated balance sheets. Although the Company and the New Holder have not executed a formal, definitive bilateral agreement, the New Holder has provided the Company with written representations that the New Holder will not accelerate and demand payment of any of the remaining 4,306 Trust Preferred Securities principal or accrued interest within the next twelve months from the date this Annual Report, Form 10-K as of and for the year ended December 31, 2018, is filed with the Securities and Exchange Commission.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2018
Investments, All Other Investments [Abstract]
Financial Instruments	(7) Financial Instruments The estimated fair values of the Company’s financial instruments were as follows (in thousands): At December 31, 2018 At December 31, 2017 Carrying Amount Fair Value Level Carrying Amount Fair Value Level Financial assets: Cash and cash equivalents $ 7,983 $ 7,983 1 $ 11,665 $ 11,665 1 Securities available for sale 2,359 2,359 2 11,437 11,437 2 Securities held-to-maturity 7,139 7,175 2 — — 2 Loans 77,200 77,062 3 68,220 68,079 3 Federal Home Loan Bank stock 1,132 1,132 3 979 979 3 Accrued interest receivable 314 314 3 316 316 3 Financial liabilities: Deposit liabilities 62,378 62,243 3 65,251 65,475 3 Federal Home Loan Bank advances 24,600 24,437 3 20,500 20,394 3 Junior subordinated debenture 5,155 N/A (1) 3 5,155 N/A (1) 3 Federal funds purchased 560 560 3 — — 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 6 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 Company 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 Company 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, 2018 follows (in thousands): Commitments to extend credit $ 1,820 Unused lines of credit $ 2,735 Standby letters of credit $ -

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	(8) Income Taxes Income tax benefit consisted of the following (in thousands): Year Ended December 31, 2018 2017 Current: Federal $ — $ — State — — Total Current — — Deferred: Federal 182 1,633 ) State 38 (32 ) Change in Valuation Allowance (220 ) (1,601 ) 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, 2018 2017 Amount % of Pretax Loss Amount % of Pretax Loss Income tax benefit at statutory rate $ 167 21.00 % $ (200 ) 34.0 % Increase (decrease) resulting from: State taxes, net of Federal tax benefit 38 4.77 % (21 ) 3.6 % Other permanent differences 15 1.88 % — — % Reduction in Federal income-tax rate 220 (27.64) % 1822 (309.3 )% Change in valuation allowance — — (1,601 ) 271.7 )% $ — — $ — — 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, 2018 2017 Deferred tax assets: Net operating loss carryforwards $ 3,926 $ 3,547 Premises and equipment 70 66 Accrued expenses — 104 Nonaccrual loan interest 77 122 Unrealized loss on available for sale securities 111 84 Other 54 56 Gross deferred tax assets 4,238 3,979 Less: Valuation allowance 3,572 3,792 Net deferred tax assets 666 187 Deferred tax liabilities: Allowance for loan losses (521 ) (77 ) Loan costs (34 ) (26 ) Total deferred tax liabilities (555 ) (103 ) Net deferred tax asset $ 111 $ 84 During the years ended December 31, 2018 and 2017, 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, 2018, the Company had net operating loss carryforwards of approximately $15.1 million for Federal tax purposes and $15.1 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 2015. 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 a change in unrecognized tax benefits in the next year.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	(9) 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, 2018 or 2017. During 2018, the Company incurred approximately $99,000 in legal fees related to a law firm owned by a director. At December 31, 2018 and 2017, related parties had approximately $1,147,000 and $229,000, respectively, on deposit with the Company. At December 31, 2018, all 4,306 Trust Preferred Securities are owned by a company affiliated with a director of the Company.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(10) Stock-Based Compensation The Company is authorized to grant stock options, stock grants and other forms of equity-based compensation under its 2011 Equity Incentive Plan as amended (the “2011 Plan”) and its 2018 Equity Incentive Plan (the “2018 Plan”). Both plans have been approved by shareholders. The Company is authorized to issue up to 210,000 shares of common stock under the 2011 Plan as amended, of which 208,881 have been issued, and 1,119 shares remain available for grant, and up to 250,000 shares of common stock under the 2018 Plan, of which 100,000 have been issued, and 150,000 shares remain available for grant. The Company’s only grants under the 2011 Plan as amended have been the issuance of shares of common stock to directors for director’s fees and compensation for services rendered. As of April 1, 2017, the Company discontinued the issuance of common stock as a method of payment of director’s fees. During 2018, the sale of 20,814 shares of common stock to a director of the Company, and the issuance of 79,186 shares of common stock in exchange for 7 shares of the Company’s preferred stock held by a director in April 2018, were treated as grants under the 2018 Plan. Please refer to the Company’s Forms 8-K filed with the Securities and Exchange Commission on November 16, 2018 and January 10, 2019 for further details. During year ended December 31, 2017, the Company accrued compensation expense of $8,858 with respect to 2,821 shares to be issued to directors at a value of $3.14 per share on account of director’s fees accrued during the first quarter of 2017. These shares were issued in 2018. During the year ended December 31, 2018, the Company accrued compensation expense of $200,000 with respect to 36,101 shares issued to a director for services performed in 2018. The Company had previously agreed to issue 105,820 shares to this director for services performed in 2016 and 2017. These shares were issued in 2018.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2018
Banking and Thrift [Abstract]
Regulatory Matters	(11) 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, 2018 and 2017, the Bank’s capital conservation buffer exceeds the minimum requirements of 1.875% and 1.250%, respectively. The required conservation buffer of 2.50% is effective January 1, 2019. The following table shows the Bank’s capital amounts and ratios and regulatory thresholds at December 31, 2018 and 2017 (dollars in thousands): Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount % Amount % Amount % As of December 31, 2018: Total Capital to Risk-Weighted Assets $ 12,155 15.86 % $ 6,132 8.00 % $ 7,665 10.00 % Tier I Capital to Risk-Weighted Assets 11,181 14.59 4,599 6.00 6,132 8.00 Common equity Tier I capital to Risk-Weighted Assets 11,181 14.59 3,449 4.50 4,983 6.50 Tier I Capital to Total Assets 11,181 11.68 3,828 4.00 4,785 5.00 As of December 31, 2017: Total Capital to Risk-Weighted Assets $ 10,484 15.08 % $ 5,561 8.00 % $ 6,951 10.00 % Tier I Capital to Risk-Weighted Assets 9,577 13.78 4,170 6.00 5,561 8.00 Common equity Tier I capital to Risk-Weighted Assets 9,577 13.78 3,128 4.50 4,518 6.50 Tier I Capital to Total Assets 9,577 8.89 4,307 4.00 5,383 5.00 Regulatory Enforcement Actions Memorandum of Understanding. Pursuant to the MOU, the Bank is required to take certain measures to maintain qualified management, improve its strategic planning and budgeting process, strengthen the interest rate management practices, limit its asset growth and provide for the ongoing organization, monitoring and operational administration of the Bank Secrecy Act Program. The MOU prohibits the payment of dividends by the Bank. Company Written Agreement with Reserve Bank

Dividends

Dividends	12 Months Ended
	Dec. 31, 2018
Dividends [Abstract]
Dividends	(12) 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, 2018, the Bank and Holding Company could not pay cash dividends (See Note 11).

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies	(13) 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, 2018
Retirement Benefits [Abstract]
Retirement Plans	(14) 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, 2018 or 2017.

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurement	(15) 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 on a nonrecurring basis are as follows (in thousands): At December 31, 2018 Fair Value Level 1 Level 2 Level 3 Total Losses Losses Recorded in Operations For the Year Ended December 31, 2018 Residential real estate $ 686 $ — $ — $ 686 $ 268 $ — Commercial real estate 1,312 — — 1,312 71 — 1,998 — — 1,998 339 — 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 $ —

Holding Company Financial Infor

Holding Company Financial Information	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Holding Company Financial Information	(16) Holding Company Financial Information The Holding Company’s unconsolidated financial information as of December 31, 2018 and 2017 and for the years then ended follows (in thousands): Condensed Balance Sheets At December 31, 2018 2017 Assets Cash $ 245 $ 51 Investment in subsidiary 10,851 9,327 Other assets 1,103 200 Total assets $ 12,199 $ 9,578 Liabilities and Stockholders’ Equity Other liabilities $ 1,738 $ 1,878 Junior subordinated debenture 5,155 5,155 Stockholders’ equity 5,306 2,545 Total liabilities and stockholders’ equity $ 12,199 $ 9,578 Condensed Statements of Operations Year Ended December 31, 2018 2017 Earnings of subsidiary $ 1,604 $ 79 Interest expense (298 ) (227 ) Other expense (510 ) (441 ) Net earnings (loss) $ 796 $ (589 ) Condensed Statements of Cash Flows Year Ended December 31, 2018 2017 Cash flows from operating activities: Net earnings (loss) $ 796 $ (589 ) Adjustments to reconcile net earnings (loss) to net cash used in operating activities: Stock compensation for services — 21 Equity in undistributed earnings of subsidiary (1,604 ) (79 ) Increase in other liabilities 475 525 Decrease (increase) in other assets 2 (19 ) Net cash used in operating activities (331 ) (141 ) Cash flow from investing activities- Investment in subsidiary — (2 ) Cash flow from financing activities – Proceeds from sale of common stock 525 30 Net increase (decrease) in cash 194 (113 ) Cash at beginning of the year 51 164 Cash at end of year $ 245 $ 51 Noncash transactions: Change in accumulated other comprehensive loss of subsidiary, net change in unrealized loss on securities available for sale, net of income taxes $ (80 ) $ 2 Reclassification of stock compensation from other liabilities to common stock 615 — Issuance of common stock in exchange for Trust Preferred Securities 905 —

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Preferred Stock	(17) Preferred Stock Prior to 2016, the Company issued 7 shares of Series A Preferred Stock (the “Series A Preferred”) at a price of $25,000 per share to a director. Each share of the Series A Preferred had an initial liquidation preference of $25,000 per share and was entitled to cumulative dividends at the rate of 10% per annum, provided that no dividends would be declared, paid or set aside for payment to the extent such act would cause the Company to fail to comply with any applicable regulatory requirements. In April 2018, the Company issued 79,186 shares of Common Stock in exchange for the 7 outstanding shares of the Series A Preferred.

Bank Secrecy Act (''BSA'') Look

Bank Secrecy Act (''BSA'') Lookback Review	12 Months Ended
	Dec. 31, 2018
Bank Secrecy Act Bsa Lookback Review
Bank Secrecy Act ("BSA") Lookback Review	(18) Bank Secrecy Act (“BSA”) Lookback Review. The Bank is required to perform a BSA lookback review. The Bank expects the cost of the BSA lookback review to be $235,000 based on an independent firm’s proposal for services. The proposal and ultimate agreement is subject to FDIC review and approval. Until the approval is received, these BSA services cannot be rendered. Once the BSA lookback review begins, the independent firm has 120 days to complete the work. At December 31, 2018, the Bank has accrued $235,000 for the proposed services.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Organization	Organization.
Basis of Presentation	Basis of Presentation.
Junior Subordinated Debenture	Junior Subordinated Debenture. The Trustee, Wells Fargo Bank, for the Debenture (the “Trustee”) and the beneficial owners of the Debenture are entitled to accelerate the payment of the $5,155,000 principal balance plus accrued and unpaid interest totaling $1,686,350 at December 31, 2018. To date, neither the Trustee nor the holders have accelerated the outstanding balance of the Debenture. No adjustments to the accompanying consolidated financial statements have been made as a result of this uncertainty. In May 2018, a company affiliated with a director of the Company (the “New Holder”) purchased all 5,000 Trust Preferred Securities from a third party. During the third quarter of 2018, the New Holder sold its rights in approximately 694 of the Trust Preferred Securities to several unaffiliated third parties, who subsequently exchanged these Trust Preferred Securities for 301,778 shares of the Company’s common stock. Due to regulatory agreement the exchange of Trust Preferred Securities for the Company’s common stock cannot reduce the principal amount of the Debenture collateralizing the Trust Preferred Securities. Accordingly is recorded as an increase in the Company’s equity interest in the unconsolidated subsidiary trust, presented in “Other Assets” in the accompanying consolidated balance sheets. Although the Company and the New Holder have not executed a formal, definitive bilateral agreement, the New Holder has provided the Company with written representations that the New Holder will not accelerate and demand payment of any of the remaining 4,306 Trust Preferred Securities principal or accrued interest within the next twelve months from the date this Annual Report, Form 10-K as of and for the year ended December 31, 2018, is filed with the Securities and Exchange Commission.
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 deposit with Federal Reserve Banks or in Pass-through accounts with other banks. At December 31, 2018 and 2017, there were no required cash reserves.
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 income. 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 are recorded as a component of income tax expense. See Note 9 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 the income tax provision due to the valuation allowance on the deferred tax asset.
Advertising	Advertising.
Stock Compensation Plan	Stock Compensation Plan.
Earnings (loss) Per Share	Earnings (loss) Per Share. Year Ended December 31, 2018 2017 Weighted-average number of common shares outstanding used to calculate basic and diluted earnings (loss) per common share 1,493,303 1,104,995
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. Federal Funds Purchased. Off-Balance-Sheet Financial Instruments.
Comprehensive income (loss)	Comprehensive income (loss). Accumulated other comprehensive loss consists of the following (in thousands): December 31, December 31, 2018 2017 Unrealized loss on securities available for sale $ (64 ) $ (334 ) Unamortized portion of unrealized loss related to securities available for sale transferred to securities held-to-maturity (377 ) — Income tax benefit 111 84 $ (330 ) $ (250 )
Recent Pronouncements	Recent Pronouncements. In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326) In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedge Activities In June 2018, the FASB issued ASU No. 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting Equity-Equity-Based payments to Non-Employees

Summary of Significant Account

Summary of Significant Account Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of Weighted Average Number of Common Shares Outstanding	Earnings (loss) per common share has been computed based on the following: Year Ended December 31, 2018 2017 Weighted-average number of common shares outstanding used to calculate basic and diluted earnings (loss) per common share 1,493,303 1,104,995
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consists of the following (in thousands): December 31, December 31, 2018 2017 Unrealized loss on securities available for sale $ (64 ) $ (334 ) Unamortized portion of unrealized loss related to securities available for sale transferred to securities held-to-maturity (377 ) — Income tax benefit 111 84 $ (330 ) $ (250 )

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Approximate Fair Values of Securities	Securities have been classified according to management’s intent. 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, 2018: Held-to-maturity – Collateralized mortgage obligations $ 7,139 $ 40 $ (4 ) $ 7,175 Available for sale – SBA Pool Securities $ 2,423 $ — $ (64 ) $ 2,359 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
Schedule of Sales of Securities	The following summarizes the sale of securities available for sale during the year ended December 31, 2017 (in thousands): Proceeds from sales $ 6,448 Gross gains from sales 11 Gross loss from sales - Net gain from sales $ 11
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, 2018 Over Twelve Months Less Than Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Held-to-maturity — Collateralized mortgage obligations $ 4 $ 1,361 $ — $ — Available for Sale — SBA Pool Securities $ 24 $ 829 $ 40 $ 1,530 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 Securities $ 3 $ 539 $ 1 $ 540 343 9,005 $ 1 $ 540
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, 2018 – SBA Pool Securities $ 2,359 $ — $ 2,359 $ — At December 31, 2017: Collateralized mortgage obligations $ 8,466 $ — $ 8,466 $ — SBA Pool Securities 2,971 — 2,971 — $ 11,437 $ — $ 11,437 $ —

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Schedule of Components of Loans	The components of loans are as follows (in thousands): At December 31, At December 31, 2018 2017 Residential real estate $ 27,204 $ 26,054 Multi-family real estate 8,195 7,356 Commercial real estate 36,634 32,152 Land and construction 1,998 1,051 Commercial 4,997 4,522 Consumer 260 794 Total loans 79,288 71,929 Add (deduct): Net deferred loan fees, costs and premiums 155 282 Allowance for loan losses (2,243 ) (3,991 ) Loans, net $ 77,200 $ 68,220
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, 2018 and 2017 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total Year Ended December 31, 2018: Beginning balance $ 641 $ 59 $ 759 $ 22 $ 55 $ 86 $ 2,369 $ 3,991 (Credit) provision for loan losses (97 ) 29 (192 ) (26 ) 795 (44 ) (2,219 ) (1,754 ) Charge-offs — — — — — (25 ) — (25 ) Recoveries — — — 23 — 8 — 31 Ending balance $ 544 $ 88 $ 567 $ 19 $ 850 $ 25 $ 150 $ 2,243 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 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, 2018 and 2017 follows (in thousands): Residential Real Estate Multi-Family Real Estate Commercial Real Estate Land and Construction Commercial Consumer Unallocated Total At December 31, 2018: Individually evaluated for impairment: Recorded investment $ 954 $ — $ 3,861 $ — $ 1,928 $ — $ — $ 6,743 Balance in allowance for loan losses $ 268 $ — $ 162 $ — $ 814 $ — $ — $ 1,244 Collectively evaluated for impairment: Recorded investment $ 26,250 $ 8,195 $ 32,773 $ 1,998 $ 3,069 $ 260 $ — $ 72,545 Balance in allowance for loan losses $ 276 $ 88 $ 405 $ 19 $ 36 $ 25 $ 150 $ 999 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
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, 2018: Residential real estate $ 26,250 $ — $ 954 $ — $ — $ 27,204 Multi-family real estate 8,195 — — — — 8,195 Commercial real estate 31,050 1,723 3,861 — — 36,634 Land and construction 1,998 — — — — 1,998 Commercial 2,362 707 1,928 — — 4,997 Consumer 260 — — — — 260 Total $ 70,115 $ 2,430 $ 6,743 $ — $ — $ 79,288 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
Schedule of Age Analysis of Past-due Loans	Age analysis of past due loans at December 31, 2018 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, 2018: Residential real estate $ — $ — $ — $ — $ 27,204 $ — $ 27,204 Multi-family real estate — — — — 8,195 — 8,195 Commercial real estate — — — — 35,254 1,380 36,634 Land and construction — — — — 1,998 — 1,998 Commercial — — — — 4,997 — 4,997 Consumer — — — — 260 — 260 Total $ — $ — $ — $ — $ 77,908 $ 1,380 $ 79,288
Schedule of Impaired Loans	The following summarizes the amount of impaired loans (in thousands): At December 31, 2018 At December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Residential real estate $ — $ — $ — $ 194 $ 217 $ — Commercial real estate 2,259 2,259 — 231 231 — Commercial 1,114 1,114 — — — — With related allowance recorded: Residential real estate 954 954 268 978 978 330 Commercial real estate 1,602 1,602 162 744 744 83 Commercial 814 814 814 — — — Total Residential real estate $ 954 $ 954 $ 268 $ 1,172 $ 1,195 $ 330 Commercial real estate $ 3,861 $ 3,861 $ 162 $ 975 $ 975 $ 83 Commercial $ 1,928 $ 1,928 $ 814 $ — — — Total $ 6,743 $ 6,743 $ 1,244 $ 2,147 $ 2,170 $ 413
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, 2018 2017 Average Recorded Investment Interest Income Recognized Interest Income Received Average Recorded Investment Interest Income Recognized Interest Income Received Residential real estate $ 981 $ 76 $ 76 $ 817 $ 226 $ 121 Commercial real estate $ 677 $ 25 $ 25 $ 984 $ 52 $ 52 Commercial $ 1,638 $ 86 $ 86 — — — Total $ 3,296 $ 187 $ 187 $ 1,801 $ 278 $ 173

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	A summary of premises and equipment follows (in thousands): At December 31, 2018 2017 Land $ 1,171 $ 1,171 Buildings and improvements 2,123 2,105 Furniture, fixtures and equipment 684 1,308 Leasehold improvements 127 131 Total, at cost 4,105 4,715 Less accumulated depreciation and amortization (1,437 ) (2,122 ) Premises and equipment, net $ 2,668 $ 2,593
Schedule of Future Minimum Lease Payments for an Operating Lease	At December 31, 2018, the future minimum lease payments are approximately as follows (in thousands): Year Ending December 31, Amount 2019 $ 92 2020 95 2021 98 2022 93 Total $ 378

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Schedule of Maturities of Time Deposits	A schedule of maturities of time deposits at December 31, 2018 follows (in thousands): Year Ending December 31, Amount 2019 $ 20,413 2020 3,914 2021 334 2022 1,095 2023 302 $ 26,058

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances, Other Available Credit and Junior Subordinated Debenture (Tables)	12 Months Ended
	Dec. 31, 2018
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 2018 2017 2018 1.53% $ — $ 5,000 2019 1.60 - 2.65% 19,600 10,500 2021 1.68% 5,000 5,000 $ 24,600 $ 20,500

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 At December 31, 2017 Carrying Amount Fair Value Level Carrying Amount Fair Value Level Financial assets: Cash and cash equivalents $ 7,983 $ 7,983 1 $ 11,665 $ 11,665 1 Securities available for sale 2,359 2,359 2 11,437 11,437 2 Securities held-to-maturity 7,139 7,175 2 — — 2 Loans 77,200 77,062 3 68,220 68,079 3 Federal Home Loan Bank stock 1,132 1,132 3 979 979 3 Accrued interest receivable 314 314 3 316 316 3 Financial liabilities: Deposit liabilities 62,378 62,243 3 65,251 65,475 3 Federal Home Loan Bank advances 24,600 24,437 3 20,500 20,394 3 Junior subordinated debenture 5,155 N/A (1) 3 5,155 N/A (1) 3 Federal funds purchased 560 560 3 — — 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 6 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, 2018 follows (in thousands): Commitments to extend credit $ 1,820 Unused lines of credit $ 2,735 Standby letters of credit $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Benefit	Income tax benefit consisted of the following (in thousands): Year Ended December 31, 2018 2017 Current: Federal $ — $ — State — — Total Current — — Deferred: Federal 182 1,633 ) State 38 (32 ) Change in Valuation Allowance (220 ) (1,601 ) 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, 2018 2017 Amount % of Pretax Loss Amount % of Pretax Loss Income tax benefit at statutory rate $ 167 21.00 % $ (200 ) 34.0 % Increase (decrease) resulting from: State taxes, net of Federal tax benefit 38 4.77 % (21 ) 3.6 % Other permanent differences 15 1.88 % — — % Reduction in Federal income-tax rate 220 (27.64) % 1822 (309.3 )% Change in valuation allowance — — (1,601 ) 271.7 )% $ — — $ — —
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, 2018 2017 Deferred tax assets: Net operating loss carryforwards $ 3,926 $ 3,547 Premises and equipment 70 66 Accrued expenses — 104 Nonaccrual loan interest 77 122 Unrealized loss on available for sale securities 111 84 Other 54 56 Gross deferred tax assets 4,238 3,979 Less: Valuation allowance 3,572 3,792 Net deferred tax assets 666 187 Deferred tax liabilities: Allowance for loan losses (521 ) (77 ) Loan costs (34 ) (26 ) Total deferred tax liabilities (555 ) (103 ) Net deferred tax asset $ 111 $ 84

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 (dollars in thousands): Actual For Capital Adequacy Purposes Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount % Amount % Amount % As of December 31, 2018: Total Capital to Risk-Weighted Assets $ 12,155 15.86 % $ 6,132 8.00 % $ 7,665 10.00 % Tier I Capital to Risk-Weighted Assets 11,181 14.59 4,599 6.00 6,132 8.00 Common equity Tier I capital to Risk-Weighted Assets 11,181 14.59 3,449 4.50 4,983 6.50 Tier I Capital to Total Assets 11,181 11.68 3,828 4.00 4,785 5.00 As of December 31, 2017: Total Capital to Risk-Weighted Assets $ 10,484 15.08 % $ 5,561 8.00 % $ 6,951 10.00 % Tier I Capital to Risk-Weighted Assets 9,577 13.78 4,170 6.00 5,561 8.00 Common equity Tier I capital to Risk-Weighted Assets 9,577 13.78 3,128 4.50 4,518 6.50 Tier I Capital to Total Assets 9,577 8.89 4,307 4.00 5,383 5.00

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets Measured On Nonrecurring Basis	Those impaired collateral-dependent loans which are measured at fair value on a nonrecurring basis are as follows (in thousands): At December 31, 2018 Fair Value Level 1 Level 2 Level 3 Total Losses Losses Recorded in Operations For the Year Ended December 31, 2018 Residential real estate $ 686 $ — $ — $ 686 $ 268 $ — Commercial real estate 1,312 — — 1,312 71 — 1,998 — — 1,998 339 — 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 $ —

Holding Company Financial Inf_2

Holding Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Balance Sheet	Condensed Balance Sheets At December 31, 2018 2017 Assets Cash $ 245 $ 51 Investment in subsidiary 10,851 9,327 Other assets 1,103 200 Total assets $ 12,199 $ 9,578 Liabilities and Stockholders’ Equity Other liabilities $ 1,738 $ 1,878 Junior subordinated debenture 5,155 5,155 Stockholders’ equity 5,306 2,545 Total liabilities and stockholders’ equity $ 12,199 $ 9,578
Schedule of Condensed Statements of Operations	Condensed Statements of Operations Year Ended December 31, 2018 2017 Earnings of subsidiary $ 1,604 $ 79 Interest expense (298 ) (227 ) Other expense (510 ) (441 ) Net earnings (loss) $ 796 $ (589 )
Schedule of Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, 2018 2017 Cash flows from operating activities: Net earnings (loss) $ 796 $ (589 ) Adjustments to reconcile net earnings (loss) to net cash used in operating activities: Stock compensation for services — 21 Equity in undistributed earnings of subsidiary (1,604 ) (79 ) Increase in other liabilities 475 525 Decrease (increase) in other assets 2 (19 ) Net cash used in operating activities (331 ) (141 ) Cash flow from investing activities- Investment in subsidiary — (2 ) Cash flow from financing activities – Proceeds from sale of common stock 525 30 Net increase (decrease) in cash 194 (113 ) Cash at beginning of the year 51 164 Cash at end of year $ 245 $ 51 Noncash transaction: Change in accumulated other comprehensive loss of subsidiary, net change in unrealized loss on securities available for sale, net of income taxes $ (80 ) $ 2 Reclassification of stock compensation from other liabilities to common stock 615 — Issuance of common stock in exchange for Trust Preferred Securities 905 —

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	May 31, 2018
Ownership percentage		100.00%
Junior subordinated debenture		$ 5,155,000
Debt instrument periodic payment, principal		5,155,000
Accrued and unpaid interest payable		$ 1,686,350
Statutory federal corporate income tax rate		21.00%	(34.00%)
Statutory income tax description			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.
Advertising expense		$ 40,000	$ 69,000
Asset increases upon effect of accounting standard update		276,000
Liability increases upon effect of accounting standard update		280,000
Accumulated deficit upon effect of accounting standard update		$ 4,000
Tax Cuts and Jobs Act [Member]
Statutory federal corporate income tax rate			21.00%
OptimumBank Holdings Capital Trust I [Member]
Number of trust preferred securities issued		5,000
Remaining trust preferred securities		4,306
Proceeds from issuance of preferred securities		$ 5,000,000
Common stock to acquire debenture issued, value		$ 5,155,000
New Holder [Member]
Trust preferred securities repurchased				5,000
New Holder [Member] | Several Unaffiliated Third Parties [Member]
Number of trust preferred securities issued	694	694
Conversion of stock, shares converted	301,778	301,778

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Weighted Average Number of Common Shares Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Weighted-average number of common shares outstanding used to calculate basic and diluted earnings (loss) per common share	1,493,303	1,104,995

Summary of Significant Accoun_5

Summary of Significant Account Policies - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Unrealized loss on securities available for sale	$ (64)	$ (334)
Unamortized portion of unrealized loss related to securities available for sale transferred to securities held-to-maturity	(377)
Income tax benefit	111	84
Accumulated other comprehensive loss	$ (330)	$ (250)

Securities (Details Narrative)

Securities (Details Narrative)	Dec. 31, 2018USD ($)Number	Apr. 30, 2018USD ($)	Dec. 31, 2017USD ($)Number
Held-to-maturity	$ 7,139,000	$ 7,945,000
Unrealized losses of held-to-maturity		$ 432,000
Amortized cost on held-to-maturity	$ 55,000
Available for sale securities
Investment securities in unrealized loss position | Number	7		8
Federal Reserve Bank [Member]
Securities pledged, market value	$ 453,000

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Approximate Fair Values of Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Apr. 30, 2018	Dec. 31, 2017
Held-to-maturity, amortized cost	$ 55
Held-to-maturity, gross unrealized losses		$ (432)
Available for sale, fair value	2,359		$ 11,437
Total, amortized cost			11,771
Total, gross unrealized gains			10
Total, gross unrealized losses			(344)
Total, fair value			11,437
Collateralized Mortgage Obligations [Member]
Held-to-maturity, amortized cost	7,139
Held-to-maturity, gross unrealized gains	40
Held-to-maturity, gross unrealized losses	(4)
Held-to-maturity, fair value	7,175
Available for sale, amortized cost			8,806
Available for sale, gross unrealized gains
Available for sale, gross unrealized losses			(340)
Available for sale, fair value			8,466
SBA Pools Securities [Member]
Available for sale, amortized cost	2,423		2,965
Available for sale, gross unrealized gains			10
Available for sale, gross unrealized losses	(64)		(4)
Available for sale, fair value	$ 2,359		$ 2,971

Securities - Schedule of Sales

Securities - Schedule of Sales of Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales		$ 6,448
Gross gains from sales		11
Gross loss from sales
Net gain from sales		$ 11

Securities - Schedule of Securi

Securities - Schedule of Securities with Gross Unrealized Losses, by Investment Category (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses		$ 343
Available for Sale, Securities Position Over 12 Months, Fair Value		9,005
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses		1
Available for Sale, Securities Position Less than 12 Month, Fair Value		540
SBA Pools Securities [Member]
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses	$ 24	3
Available for Sale, Securities Position Over 12 Months, Fair Value	829	539
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses	40	1
Available for Sale, Securities Position Less than 12 Month, Fair Value	1,530	540
Collateralized Mortgage Obligations [Member]
Available for Sale, Securities Position Over 12 Months, Gross unrealized Losses		340
Available for Sale, Securities Position Over 12 Months, Fair Value		8,466
Available for Sale, Securities Position Less than 12 Month, Gross unrealized Losses
Available for Sale, Securities Position Less than 12 Month, Fair Value
Held to Maturity, Securities Position Over 12 Months, Gross Unrealized Losses	4
Held to Maturity, Securities Position Over 12 Months,Fair Value	1,361
Held to Maturity, Securities Position Less Than 12 Months, Gross Unrealized Losses
Held to Maturity, Securities Position Less Than 12 Months, Fair Value

Securities - Schedule of Availa

Securities - Schedule of Available-for-Sale Securities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Securities available for sale, fair value	$ 2,359	$ 11,437
Fair Value [Member]
Securities available for sale, fair value	9,534	11,437
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Securities available for sale, fair value
Significant Other Observable Inputs Level 2 [Member]
Securities available for sale, fair value	9,534	11,437
Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale, fair value
SBA Pool Securities [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Securities available for sale, fair value
SBA Pool Securities [Member] | Significant Other Observable Inputs Level 2 [Member]
Securities available for sale, fair value	2,359	2,971
SBA Pool Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale, fair value
Collateralized Mortgage Obligations [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Securities available for sale, fair value
Collateralized Mortgage Obligations [Member] | Significant Other Observable Inputs Level 2 [Member]
Securities available for sale, fair value		8,466
Collateralized Mortgage Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale, fair value
Fair Value [Member] | SBA Pool Securities [Member]
Securities available for sale, fair value	$ 2,359	2,971
Fair Value [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale, fair value		$ 8,466

Loans (Details Narrative)

Loans (Details Narrative) - USD ($) $ in Thousands	Jun. 06, 2016	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Recovery of previously charged-off amounts to the allowance for loan and lease losses	$ 1,800
Allowance for loan and lease losses	$ 4,200		$ 2,243	$ 3,991	$ 3,915
Bank reversed allowance for loan and lease losses		$ 2,100
Total Past Due				0
Total Loans			79,288	71,929
Nonaccrual Loans			1,380	0
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Total Loans				$ 0

Loans - Schedule of Components

Loans - Schedule of Components of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jun. 06, 2016
Total loans	$ 79,288	$ 71,929
Net deferred loan fees, costs and premiums	155	282
Allowance for loan losses	(2,243)	(3,991)	$ (3,915)	$ (4,200)
Loans, net	77,200	68,220
Residential Real Estate [Member]
Total loans	27,204	26,054
Allowance for loan losses	(544)	(641)	(310)
Multi-Family Real Estate [Member]
Total loans	8,195	7,356
Allowance for loan losses	(88)	(59)	(58)
Commercial Real Estate [Member]
Total loans	36,634	32,152
Allowance for loan losses	(567)	(759)	(787)
Land and Construction [Member]
Total loans	1,998	1,051
Allowance for loan losses	(19)	(22)	(120)
Commercial [Member]
Total loans	4,997	4,522
Allowance for loan losses	(850)	(55)	(188)
Consumer [Member]
Total loans	260	794
Allowance for loan losses	$ (25)	$ (86)	$ (165)

Loans - Schedule of Change in A

Loans - Schedule of Change in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Beginning balance	$ 3,991	$ 3,915
(Credit) provision for loan losses	(1,754)
Charge-offs	(25)	(67)
Recoveries	31	143
Ending balance	2,243	3,991
Individually evaluated for impairment, Recorded investment	6,743	2,147
Individually evaluated for impairment, Allowance for loan losses	1,244	413
Collectively evaluated for impairment, Recorded investment	72,545	69,782
Collectively evaluated for impairment, Allowance for loan losses	999	3,578
Residential Real Estate [Member]
Beginning balance	641	310
(Credit) provision for loan losses	(97)	229
Charge-offs
Recoveries		102
Ending balance	544	641
Individually evaluated for impairment, Recorded investment	954	1,172
Individually evaluated for impairment, Allowance for loan losses	268	330
Collectively evaluated for impairment, Recorded investment	26,250	24,882
Collectively evaluated for impairment, Allowance for loan losses	276	311
Multi-Family Real Estate [Member]
Beginning balance	59	58
(Credit) provision for loan losses	29	1
Charge-offs
Recoveries
Ending balance	88	59
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment	8,195	7,356
Collectively evaluated for impairment, Allowance for loan losses	88	59
Commercial Real Estate [Member]
Beginning balance	759	787
(Credit) provision for loan losses	(192)	(28)
Charge-offs
Recoveries
Ending balance	567	759
Individually evaluated for impairment, Recorded investment	3,861	975
Individually evaluated for impairment, Allowance for loan losses	162	83
Collectively evaluated for impairment, Recorded investment	32,773	31,177
Collectively evaluated for impairment, Allowance for loan losses	405	676
Land and Construction [Member]
Beginning balance	22	120
(Credit) provision for loan losses	(26)	(122)
Charge-offs
Recoveries	23	24
Ending balance	19	22
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment	1,998	1,051
Collectively evaluated for impairment, Allowance for loan losses	19	22
Commercial [Member]
Beginning balance	55	188
(Credit) provision for loan losses	795	(133)
Charge-offs
Recoveries
Ending balance	850	55
Individually evaluated for impairment, Recorded investment	1,928
Individually evaluated for impairment, Allowance for loan losses	814
Collectively evaluated for impairment, Recorded investment	3,069	4,522
Collectively evaluated for impairment, Allowance for loan losses	36	55
Consumer [Member]
Beginning balance	86	165
(Credit) provision for loan losses	(44)	(29)
Charge-offs	(25)	(67)
Recoveries	8	17
Ending balance	25	86
Individually evaluated for impairment, Recorded investment
Individually evaluated for impairment, Allowance for loan losses
Collectively evaluated for impairment, Recorded investment	260	794
Collectively evaluated for impairment, Allowance for loan losses	25	86
Unallocated [Member]
Beginning balance	2,369	2,287
(Credit) provision for loan losses	(2,219)	82
Charge-offs
Recoveries
Ending balance	150	2,369
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	$ 150	$ 2,369

Loans - Schedule of Loans by Cr

Loans - Schedule of Loans by Credit Quality (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Risk rated loans	$ 79,288	$ 71,929
Pass [Member]
Risk rated loans	70,115	58,524
OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans	2,430	11,185
Substandard [Member]
Risk rated loans	6,743	2,220
Doubtful [Member]
Risk rated loans
Loss [Member]
Risk rated loans
Residential Real Estate [Member]
Risk rated loans	27,204	26,054
Residential Real Estate [Member] | Pass [Member]
Risk rated loans	26,250	22,315
Residential Real Estate [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans		2,494
Residential Real Estate [Member] | Substandard [Member]
Risk rated loans	954	1,245
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	8,195	7,356
Multi-Family Real Estate [Member] | Pass [Member]
Risk rated loans	8,195	7,356
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	36,634	32,152
Commercial Real Estate [Member] | Pass [Member]
Risk rated loans	31,050	24,704
Commercial Real Estate [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans	1,723	6,473
Commercial Real Estate [Member] | Substandard [Member]
Risk rated loans	3,861	975
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	1,998	1,051
Land and Construction [Member] | Pass [Member]
Risk rated loans	1,998	1,051
Land and Construction [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans
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	4,997	4,522
Commercial [Member] | Pass [Member]
Risk rated loans	2,362	2,304
Commercial [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans	707	2,218
Commercial [Member] | Substandard [Member]
Risk rated loans	1,928
Commercial [Member] | Doubtful [Member]
Risk rated loans
Commercial [Member] | Loss [Member]
Risk rated loans
Consumer [Member]
Risk rated loans	260	794
Consumer [Member] | Pass [Member]
Risk rated loans	260	794
Consumer [Member] | OLEM (Other Loans Especially Mentioned) [Member]
Risk rated loans
Consumer [Member] | Substandard [Member]
Risk rated loans
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, 2018	Dec. 31, 2017
Total Past Due		$ 0
Current Loans	77,908
Nonaccrual Loans	1,380	0
Total Loans	79,288	71,929
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due
Total Loans		0
Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due
Financing Receivables, Greater Than 90 Days Past Due [Member]
Total Past Due
Residential Real Estate [Member]
Total Past Due
Current Loans	27,204
Nonaccrual Loans
Total Loans	27,204	26,054
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	8,195
Nonaccrual Loans
Total Loans	8,195	7,356
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	35,254
Nonaccrual Loans	1,380
Total Loans	36,634	32,152
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	1,998
Nonaccrual Loans
Total Loans	1,998	1,051
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	4,997
Nonaccrual Loans
Total Loans	4,997	4,522
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
Current Loans	260
Nonaccrual Loans
Total Loans	260	$ 794
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
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, 2018	Dec. 31, 2017
Total recorded investment	$ 6,743	$ 2,174
Total unpaid principal balance	6,743	2,170
Total related allowance	1,244	413
Residential Real Estate [Member]
Recorded Investment , With no related allowance recorded		194
Unpaid Principal Balance, With no related allowance recorded		217
Related Allowance, With no related allowance recorded
Recorded Investment , With related allowance recorded	954	978
Unpaid Principal Balance, With related allowance recorded	954	978
Related Allowance, With related allowance recorded	268	330
Total recorded investment	954	1,172
Total unpaid principal balance	954	1,195
Total related allowance	268	330
Commercial Real Estate [Member]
Recorded Investment , With no related allowance recorded	2,259	231
Unpaid Principal Balance, With no related allowance recorded	2,259	231
Related Allowance, With no related allowance recorded
Recorded Investment , With related allowance recorded	1,602	744
Unpaid Principal Balance, With related allowance recorded	1,602	744
Related Allowance, With related allowance recorded	162	83
Total recorded investment	3,861	975
Total unpaid principal balance	3,861	975
Total related allowance	162	83
Commercial [Member]
Recorded Investment , With no related allowance recorded	1,114
Unpaid Principal Balance, With no related allowance recorded	1,114
Related Allowance, With no related allowance recorded
Recorded Investment , With related allowance recorded	814
Unpaid Principal Balance, With related allowance recorded	814
Related Allowance, With related allowance recorded	814
Total recorded investment	1,928
Total unpaid principal balance	1,928
Total related allowance	$ 814

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, 2018	Dec. 31, 2017
Impaired loans - Average Recorded Investment	$ 3,296	$ 1,801
Impaired loans - Interest Income Recognized	187	278
Impaired loans - Interest Income Received	187	173
Residential Real Estate [Member]
Impaired loans - Average Recorded Investment	981	817
Impaired loans - Interest Income Recognized	76	226
Impaired loans - Interest Income Received	76	121
Commercial Real Estate [Member]
Impaired loans - Average Recorded Investment	677	984
Impaired loans - Interest Income Recognized	25	52
Impaired loans - Interest Income Received	25	52
Commercial [Member]
Impaired loans - Average Recorded Investment	1,638
Impaired loans - Interest Income Recognized	86
Impaired loans - Interest Income Received	$ 86

Premises and Equipment (Details

Premises and Equipment (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Rental Expense	$ 90	$ 73

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Premises and equipment, gross	$ 4,105	$ 4,715
Less Accumulated Depreciation and Amortization	(1,437)	(2,122)
Premises and equipment, net	2,668	2,593
Land [Member]
Premises and equipment, gross	1,171	1,171
Buildings and Improvements [Member]
Premises and equipment, gross	2,123	2,105
Furniture, Fixtures and Equipment [Member]
Premises and equipment, gross	684	1,308
Leasehold Improvements [Member]
Premises and equipment, gross	$ 127	$ 131

Premises and Equipment - Sche_2

Premises and Equipment - Schedule of Future Minimum Lease Payments for an Operating Lease (Details) $ in Thousands	Dec. 31, 2018USD ($)
Property, Plant and Equipment [Abstract]
2019	$ 92
2020	95
2021	98
2022	93
Total	$ 378

Deposits (Details Narrative)

Deposits (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Time deposits	$ 26,058	$ 30,574
Time deposits greater than $100,000	2,700	$ 1,300
Minimum [Member]
Time deposits	$ 250

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
2019	$ 20,413
2020	3,914
2021	334
2022	1,095
2023	302
Total	$ 26,058	$ 30,574

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances, Other Available Credit and Junior Subordinated Debenture (Details Narrative) - USD ($)	Sep. 30, 2004	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	May 31, 2018
Available for sale securities and blanket lien on qualifying loans pledged as collateral to the Federal Home Loan Bank			$ 39,500,000
Mortgage loans line of credit remaining credit availablity			2,000,000
Line of credit			8,400,000
Federal funds purchased outstanding			560,000
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 6.40% for the first five years, and thereafter, the coupon rate floats quarterly at the three-month LIBOR rate plus 2.45% (5.25% at December 31, 2018).
Variable rate basis description	three-month LIBOR rate plus 2.45%
Basis spread on variable rate	2.45%
Deferred interest payments on debenture			1,686,350
New Holder [Member]
Trust preferred securities repurchased					5,000
2019 Maturity [Member]
Available for sale securities and blanket lien on qualifying loans pledged as collateral to the Federal Home Loan Bank			$ 9,100
OptimumBank Holdings Capital Trust I [Member]
Number of trust preferred securities issued			5,000
Remaining trust preferred securities			4,306
Several Unaffiliated Third Parties [Member] | New Holder [Member]
Number of trust preferred securities issued		694	694
Conversion of stock, shares converted		301,778	301,778
Federal Reserve Bank [Member]
Line of credit			$ 400,000
Securities [Member]
Line of credit			$ 500,000

Federal Home Loan Bank Advanc_4

Federal Home Loan Bank Advances, Other Available Credit and Junior Subordinated Debenture (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Total	$ 24,600	$ 20,500
2018 [Member]
Average Interest Rate	1.53%
Total		5,000
2019 [Member]
Average Interest Rate	1.60%
Total	$ 19,600	10,500
2019 [Member]
Average Interest Rate	2.65%
Total
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, 2018	Apr. 30, 2018	Dec. 31, 2017
Securities available for sale		$ 2,359		$ 11,437
Securities held-to-maturity		7,139	$ 7,945
Accrued interest receivable		314		316
Federal funds purchased		560
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Cash and cash equivalents		7,983		11,665
Securities available for sale
Significant Other Observable Inputs Level 2 [Member]
Securities available for sale		9,534		11,437
Securities held-to-maturity		7,175
Significant Unobservable Inputs (Level 3) [Member]
Securities available for sale
Loans				68,079
Federal Home Loan Bank stock		1,132		979
Accrued interest receivable		314		316
Deposit liabilities		62,243		65,475
Federal Home Loan Bank advances		24,437		20,394
Junior subordinated debenture
Federal funds purchased		560
Off-balance sheet financial instruments
Carrying Amount [Member]
Cash and cash equivalents		7,983		11,665
Securities available for sale		2,359		11,437
Securities held-to-maturity		7,139
Loans		77,200		68,220
Federal Home Loan Bank stock		1,132		979
Accrued interest receivable		314		316
Deposit liabilities		62,378		65,251
Federal Home Loan Bank advances		24,600		20,500
Junior subordinated debenture		5,155		5,155
Federal funds purchased		560
Off-balance sheet financial instruments
Fair Value [Member]
Cash and cash equivalents		7,983		11,665
Securities available for sale		9,534		11,437
Securities held-to-maturity		7,175
Loans		77,062		68,079
Federal Home Loan Bank stock		1,132		979
Accrued interest receivable		314		316
Deposit liabilities		62,243		65,475
Federal Home Loan Bank advances		24,437		20,394
Junior subordinated debenture	[1]
Federal funds purchased		560
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 6 for further information.

Financial Instruments - Sched_2

Financial Instruments - Schedule of Contractual Amounts of Bank-balance Sheet Risk (Details) $ in Thousands	Dec. 31, 2018USD ($)
Investments, All Other Investments [Abstract]
Commitments to extend credit	$ 1,820
Unused lines of credit	2,735
Standby letters of credit

Income Taxes (Details Narrative

Income Taxes (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Operating Loss Carryforwards [Line Items]
Carryforwards expiration, description	carryforwards will begin to expire in 2029.
Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 15,100
Florida [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 15,100

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Current: Federal
Current: State
Total Current
Deferred: Federal	182	1,633
Deferred: State	38	(32)
Deferred: Change in valuation allowance	(220)	(1,601)
Total Deferred
Total

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax benefit at statutory rate	$ 167	$ (200)
State taxes, net of Federal tax benefit	38	(21)
Other permanent differences	15
Reduction in Federal income-tax rate	(220)	1,822
Change in valuation allowance		(1,601)
Income Tax Expense
Income tax benefit at statutory rate, tax rate	21.00%	(34.00%)
State taxes, net of Federal tax benefit	4.77%	(3.60%)
Other permanent differences	1.88%	0.00%
Reduction in Federal income-tax rate	(27.65%)	309.30%
Change in valuation allowance		(271.70%)
Total	0.00%	0.00%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 3,926	$ 3,547
Premises and equipment	70	66
Accrued expenses		104
Nonaccrual loan interest	77	122
Unrealized loss on available for sale securities	111	84
Other	54	56
Gross deferred tax assets	4,238	3,979
Less: Valuation allowance	3,572	3,792
Net deferred tax assets	666	187
Allowance for loan losses	(521)	(77)
Loan costs	(34)	(26)
Total deferred tax liabilities	(555)	(103)
Net deferred tax asset	$ 111	$ 84

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Related party loans receivable
Related party deposit liabilities	$ 1,147	$ 229
Number of trust preferred securities owned	4,306
Directors [Member]
Legal fees	$ 99

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Apr. 09, 2018	Dec. 31, 2018	Dec. 31, 2017
Common stock shares authorized to issue		5,000,000	5,000,000
Directors [Member]
Number of common stock issued		36,101
Common stock issued as compensation to directors for services, shares		105,820
Series A Preferred Stock [Member]
Number of common stock issued
Common stock issued as compensation to directors for services, shares
Director [Member]
Number of common stock issued			2,821
Number of common stock sold		20,814
Accrued compensation expense		$ 200,000	$ 8,858
Shares issued price per share			$ 3.14
Director [Member] | Series A Preferred Stock [Member]
Number of common stock issued	79,186
2011 Equity Incentive Plan [Member]
Common stock shares authorized to issue		210,000
Number of common stock issued		208,881
Number of shares remain available for grant		1,119
2018 Equity Incentive Plan [Member]
Common stock shares authorized to issue		250,000
Number of common stock issued		100,000
Number of shares remain available for grant		150,000

Regulatory Matters (Details Nar

Regulatory Matters (Details Narrative)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Minimum requirement of capital conservation buffer, ratio	1.875%	1.25%
Conversion buffer, description	The required conservation buffer of 2.50% is effective January 1, 2019.

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Capital Amounts, Ratios and Regulatory Thresholds (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Total Capital to Risk-Weighted Assets	$ 12,155	$ 10,484
Total Capital to Risk-Weighted Assets ratio	15.86%	15.08%
Tier I Capital to Risk-Weighted Assets	$ 11,181	$ 9,577
Tier I Capital to Risk-Weighted Assets ratio	14.59%	13.78%
Common equity Tier 1 capital to Risk-Weighted Assets	$ 11,181	$ 9,577
Common equity Tier 1 capital to Risk-Weighted Assets, ratio	14.59%	13.78%
Tier I Capital to Total Assets	$ 11,181	$ 9,577
Tier I Capital to Total Assets ratio	11.68%	8.89%
Minimum amount of capital for adequacy purposes	$ 6,132	$ 5,561
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 4,599	$ 4,170
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	$ 3,449	$ 3,128
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	$ 3,828	$ 4,307
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
Minimum Capital required to be well-capitalized	$ 7,665	$ 6,951
Minimum Capital required to be well-capitalized, ratio	10.00%	10.00%
Minimum Tier 1 Capital required to be well-capitalized	$ 6,132	$ 5,561
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	$ 4,983	$ 4,518
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	$ 4,785	$ 5,383
Minimum Capital required to be well-capitalized, ratio	5.00%	5.00%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Significant Unobservable Inputs (Level 3) [Member]
Loans receivable, fair value		$ 68,079
Fair Value Measurements Nonrecurring [Member]
Loans receivable, fair value	339
Losses recorded in operations during the period
Fair Value Measurements Nonrecurring [Member] | Fair Value [Member]
Loans receivable, fair value	1,998
Fair Value Measurements Nonrecurring [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Loans receivable, fair value
Fair Value Measurements Nonrecurring [Member] | Significant Other Observable Inputs Level 2 [Member]
Loans receivable, fair value
Fair Value Measurements Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Loans receivable, fair value	1,998
Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member]
Loans receivable, fair value	268	330
Losses recorded in operations during the period
Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member] | Fair Value [Member]
Loans receivable, fair value	686	648
Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Loans receivable, fair value
Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member] | Significant Other Observable Inputs Level 2 [Member]
Loans receivable, fair value
Fair Value Measurements Nonrecurring [Member] | Residential Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Loans receivable, fair value	686	$ 648
Fair Value Measurements Nonrecurring [Member] | Commercial Real Estate [Member] | Fair Value [Member]
Loans receivable, fair value	1,312
Fair Value Measurements Nonrecurring [Member] | Commercial Real Estate [Member]
Loans receivable, fair value	71
Losses recorded in operations during the period
Fair Value Measurements Nonrecurring [Member] | Commercial Real Estate [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Loans receivable, fair value
Fair Value Measurements Nonrecurring [Member] | Commercial Real Estate [Member] | Significant Other Observable Inputs Level 2 [Member]
Loans receivable, fair value
Fair Value Measurements Nonrecurring [Member] | Commercial Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Loans receivable, fair value	$ 1,312

Holding Company Financial Inf_3

Holding Company Financial Information - Schedule of Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other assets	$ 1,573	$ 656
Total assets	100,368	95,866
Other liabilities	2,095	2,369
Junior subordinated debenture	5,155	5,155
Stockholders' equity	5,306	2,545	$ 3,081
Total liabilities and stockholders' equity	100,368	95,866
Holding Company [Member]
Cash	245	51	$ 164
Investment in subsidiary	10,851	9,327
Other assets	1,103	200
Total assets	12,199	9,578
Other liabilities	1,738	1,878
Junior subordinated debenture	5,155	5,155
Stockholders' equity	5,306	2,545
Total liabilities and stockholders' equity	$ 12,199	$ 9,578

Holding Company Financial Inf_4

Holding Company Financial Information - Schedule of Condensed Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest expense	$ (1,246)	$ (1,196)
Other expense	(613)	(553)
Net earnings (loss)	796	(589)
Holding Company [Member]
Earnings of subsidiary	1,604	79
Interest expense	(298)	(227)
Other expense	(510)	(441)
Net earnings (loss)	$ 796	$ (589)

Holding Company Financial Inf_5

Holding Company Financial Information - Schedule of Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net earnings (loss)	$ 796	$ (589)
Increase in other liabilities	569	749
Decrease (increase) in other assets	(15)	24
Net cash used in operating activities	24	570
Proceeds from sale of common stock	525	30
Change in accumulated other comprehensive loss of subsidiary, net change in unrealized loss on securities available for sale, net of income taxes	200	2
Reclassification of stock compensation from other liabilities to common stock	615
Issuance of common stock in exchange for Trust Preferred Securities	905
Holding Company [Member]
Net earnings (loss)	796	(589)
Stock compensation for services		21
Equity in undistributed earnings of subsidiary	(1,604)	(79)
Increase in other liabilities	475	525
Decrease (increase) in other assets	2	(19)
Net cash used in operating activities	(331)	(141)
Investment in subsidiary		(2)
Proceeds from sale of common stock	525	30
Net increase (decrease) in cash	194	(113)
Cash at beginning of the year	51	164
Cash at end of year	245	51
Change in accumulated other comprehensive loss of subsidiary, net change in unrealized loss on securities available for sale, net of income taxes	(80)	2
Reclassification of stock compensation from other liabilities to common stock	615
Issuance of common stock in exchange for Trust Preferred Securities	$ 905

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - Series A Preferred Stock [Member] - $ / shares	Dec. 31, 2015	Apr. 30, 2018
Preferred stock number of shares issued	7
Preferred stock value per share	$ 25,000
Preferred stock dividend rate per annum	10.00%
Preferred stock, liquidation value per share	$ 25,000
Conversion of stock, shares converted		79,186
Preferred stock, shares outstanding		7

Bank Secrecy Act (''BSA'') Lo_2

Bank Secrecy Act (''BSA'') Lookback Review (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Expects cost under Bank Secrecy Act	$ 235
Bank Secrecy Act [Member]
Expects cost under Bank Secrecy Act	$ 235