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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 20,101 $ 28,207
Interest-bearing deposits in other financial institutions 494 494
Securities available for sale 11,573 10,445
Loans held for sale, at fair value 673 3,505
Loans, net of allowance of $6,522 and $6,316 283,434 257,085
FHLB stock 1,942 1,942
Foreclosed assets, net 1,636 1,636
Premises and equipment, net 3,657 3,775
Bank owned life insurance 4,763 4,665
Accrued interest receivable and other assets 3,169 3,834
Total assets 331,442 315,588
Deposits    
Noninterest bearing 29,664 37,035
Interest bearing 244,150 221,280
Total deposits 273,814 258,315
FHLB advances 14,500 14,500
Advances by borrowers for taxes and insurance 311 401
Accrued interest payable and other liabilities 2,537 2,708
Subordinated debentures 5,155 5,155
Total liabilities $ 296,317 $ 281,079
Commitments and Contingent Liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized; 50,000,000; shares issued: 15,935,417 in 2015 and 2014 $ 159 $ 159
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 480,000 issued at September 30, 2015 and December 31, 2014 5 5
Additional paid-in capital 59,879 59,696
Accumulated deficit (21,752) (22,157)
Accumulated other comprehensive income 79 51
Treasury stock, at cost; 111,707 shares of common stock (3,245) (3,245)
Total stockholders' equity 35,125 34,509
Total liabilities and stockholder's equity $ 331,442 $ 315,588