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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 34,323 $ 67,304
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 10,189 10,114
Loans held for sale, at fair value 52,184 17,385
Loans and leases, net of allowance of $7,029 and $7,012 598,695 550,683
FHLB and FRB stock 3,816 3,476
Foreclosed assets, net   38
Premises and equipment, net 4,032 3,864
Operating lease right-of-use assets 1,967  
Bank owned life insurance 5,272 5,203
Accrued interest receivable and other assets 10,415 6,858
Total assets 720,993 665,025
Deposits    
Noninterest bearing 106,716 111,445
Interest bearing 521,870 468,341
Total deposits 628,586 579,786
FHLB advances and other debt 18,500 19,500
Advances by borrowers for taxes and insurance 340 827
Operating lease liabilities 2,163  
Accrued interest payable and other liabilities 5,698 4,586
Subordinated debentures 14,786 14,767
Total liabilities 670,073 619,466
Commitments and contingent liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 9,090,909; shares issued: 4,502,600 at June 30, 2019 and 4,366,297 at December 31, 2018 45 44
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 0 issued at June 30, 2019 and 0 at December 31, 2018
Additional paid-in capital 62,835 61,706
Accumulated deficit (8,608) (12,752)
Accumulated other comprehensive loss 14 (73)
Treasury stock, at cost; 31,235 shares of common stock at June 30, 2019 and December 31, 2018 (3,366) (3,366)
Total stockholders' equity 50,920 45,559
Total liabilities and stockholder's equity $ 720,993 $ 665,025