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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 45,498 $ 57,941
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 11,773 14,058
Loans held for sale, at fair value 1,124 2,812
Loans and leases, net of allowance of $6,970 and $6,925 406,406 346,125
FHLB and FRB stock 3,227 1,942
Foreclosed assets, net   204
Premises and equipment, net 3,533 3,429
Bank owned life insurance 5,065 4,930
Accrued interest receivable and other assets 4,699 4,571
Total assets 481,425 436,112
Deposits    
Noninterest bearing 89,588 72,779
Interest bearing 329,440 302,585
Total deposits 419,028 375,364
FHLB advances 13,500 13,500
Advances by borrowers for taxes and insurance 489 408
Accrued interest payable and other liabilities 2,992 2,393
Subordinated debentures 5,155 5,155
Total liabilities 441,164 396,820
Commitments and Contingent Liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 50,000,000; shares issued: 23,501,972 at December 31, 2017 and 16,427,917 at December 31, 2016 235 164
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 0 issued at December 31, 2017 and 480,000 at December 31, 2016   5
Additional paid-in capital 60,484 60,163
Accumulated deficit (17,087) (17,767)
Accumulated other comprehensive income (loss) (47) 2
Treasury stock, at cost; 152,359 shares of common stock at December 31, 2017 and 133,007 shares at December 31, 2016 (3,324) (3,275)
Total stockholders' equity 40,261 39,292
Total liabilities and stockholder's equity $ 481,425 $ 436,112