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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 70,396 $ 45,498
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 11,185 11,773
Loans held for sale, at fair value 8,863 1,124
Loans and leases, net of allowance of $6,976 and $6,970 422,495 406,406
FHLB and FRB stock 3,251 3,227
Premises and equipment, net 3,584 3,533
Bank owned life insurance 5,098 5,065
Accrued interest receivable and other assets 4,955 4,699
Total assets 529,927 481,425
Deposits    
Noninterest bearing 91,359 89,588
Interest bearing 369,686 329,440
Total deposits 461,045 419,028
FHLB advances and other debt 19,500 13,500
Advances by borrowers for taxes and insurance 236 489
Accrued interest payable and other liabilities 2,889 2,992
Subordinated debentures 5,155 5,155
Total liabilities 488,825 441,164
Commitments and contingent liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 50,000,000; shares issued: 23,467,906 at March 31, 2018 and 23,501,972 at December 31, 2017 235 235
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 0 issued at March 31, 2018 and 0 at December 31, 2017
Additional paid-in capital 60,613 60,484
Accumulated deficit (16,321) (17,087)
Accumulated other comprehensive loss (101) (47)
Treasury stock, at cost; 152,359 shares of common stock at March 31, 2018 and December 31, 2017 (3,324) (3,324)
Total stockholders' equity 41,102 40,261
Total liabilities and stockholder's equity $ 529,927 $ 481,425