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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 57,941 $ 25,895
Interest-bearing deposits in other financial institutions 100  
Securities available for sale 14,058 9,368
Loans held for sale, at fair value 2,812 889
Loans and leases, net of allowance of $6,925 and $6,620 346,125 297,064
FHLB stock 1,942 1,942
Foreclosed assets, net 204 1,636
Premises and equipment, net 3,429 3,609
Bank owned life insurance 4,930 4,797
Accrued interest receivable and other assets 4,571 6,093
Total assets 436,112 351,293
Deposits    
Noninterest bearing 72,779 42,926
Interest bearing 302,585 247,541
Total deposits 375,364 290,467
FHLB advances 13,500 14,500
Advances by borrowers for taxes and insurance 408 656
Accrued interest payable and other liabilities 2,393 2,203
Subordinated debentures 5,155 5,155
Total liabilities 396,820 312,981
Commitments and Contingent Liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 50,000,000; shares issued: 16,427,917 in 2016 and 16,135,917 in 2015 164 161
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 480,000 issued at December 31, 2016 and December 31, 2015 5 5
Additional paid-in capital 60,163 59,937
Accumulated deficit (17,767) (18,537)
Accumulated other comprehensive income (loss) 2 (9)
Treasury stock, at cost; 133,007 and 111,707 shares of common stock (3,275) (3,245)
Total stockholders' equity 39,292 38,312
Total liabilities and stockholder's equity $ 436,112 $ 351,293