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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 95,993 $ 67,304
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 9,144 10,114
Loans held for sale, at fair value 27,920 17,385
Loans and leases, net of allowance of $7,024 and $7,012 564,556 550,683
FHLB and FRB stock 3,816 3,476
Foreclosed assets, net   38
Premises and equipment, net 3,875 3,864
Operating lease right-of-use assets 2,057  
Bank owned life insurance 5,237 5,203
Accrued interest receivable and other assets 7,781 6,858
Total assets 720,479 665,025
Deposits    
Noninterest bearing 130,563 111,445
Interest bearing 501,266 468,341
Total deposits 631,829 579,786
FHLB advances and other debt 18,500 19,500
Advances by borrowers for taxes and insurance 398 827
Operating lease liabilities 2,261  
Accrued interest payable and other liabilities 5,081 4,586
Subordinated debentures 14,776 14,767
Total liabilities 672,845 619,466
Commitments and contingent liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 9,090,909(1); shares issued: 4,423,531 at March 31, 2019 and 4,366,297 at December 31, 2018 44 44
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 0 issued at March 31, 2019 and 0 at December 31, 2018
Additional paid-in capital 62,039 61,706
Accumulated deficit (11,045) (12,752)
Accumulated other comprehensive loss [1] (38) (73)
Treasury stock, at cost; 31,235 shares of common stock at March 31, 2019 and December 31, 2018 (3,366) (3,366)
Total stockholders' equity 47,634 45,559
Total liabilities and stockholder's equity $ 720,479 $ 665,025
[1] All amounts are net of tax. Amounts in parentheses indicate a reduction of other comprehensive income.