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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 25,895 $ 28,207
Interest-bearing deposits in other financial institutions   494
Securities available for sale 9,368 10,445
Loans held for sale, at fair value 889 3,505
Loans, net of allowance of $6,620 and $6,316 297,064 257,085
FHLB stock 1,942 1,942
Foreclosed assets, net 1,636 1,636
Premises and equipment, net 3,609 3,775
Bank owned life insurance 4,797 4,665
Accrued interest receivable and other assets 6,093 3,834
Total assets 351,293 315,588
Deposits    
Noninterest bearing 42,926 37,035
Interest bearing 247,541 221,280
Total deposits 290,467 258,315
FHLB advances 14,500 14,500
Advances by borrowers for taxes and insurance 656 401
Accrued interest payable and other liabilities 2,203 2,708
Subordinated debentures 5,155 5,155
Total liabilities $ 312,981 $ 281,079
Commitments and Contingent Liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 50,000,000; shares issued: 16,135,917 in 2015 and 15,935,417 in 2014 $ 161 $ 159
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 480,000 issued at December 31, 2015 and December 31, 2014 5 5
Additional paid-in capital 59,937 59,696
Accumulated deficit (18,537) (22,157)
Accumulated other comprehensive income (9) 51
Treasury stock, at cost; 111,707 shares of common stock (3,245) (3,245)
Total stockholders' equity 38,312 34,509
Total liabilities and stockholder's equity $ 351,293 $ 315,588