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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 37,299 $ 67,304
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 9,183 10,114
Loans held for sale, at fair value 82,382 17,385
Loans and leases, net of allowance of $7,057 and $7,012 630,459 550,683
FHLB and FRB stock 3,969 3,476
Foreclosed assets, net   38
Premises and equipment, net 4,052 3,864
Operating lease right-of-use assets 1,874  
Bank owned life insurance 5,309 5,203
Accrued interest receivable and other assets 11,810 6,858
Total assets 786,437 665,025
Deposits    
Noninterest bearing 110,378 111,445
Interest bearing 575,569 468,341
Total deposits 685,947 579,786
FHLB advances and other debt 22,500 19,500
Advances by borrowers for taxes and insurance 509 827
Operating lease liabilities 2,062  
Accrued interest payable and other liabilities 6,741 4,586
Subordinated debentures 14,796 14,767
Total liabilities 732,555 619,466
Commitments and contingent liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 9,090,909; shares issued: 4,521,510 at September 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 September 30, 2019 and 0 at December 31, 2018
Additional paid-in capital 63,134 61,706
Accumulated deficit (5,955) (12,752)
Accumulated other comprehensive income (loss) 24 (73)
Treasury stock, at cost; 31,235 shares of common stock at September 30, 2019 and December 31, 2018 (3,366) (3,366)
Total stockholders' equity 53,882 45,559
Total liabilities and stockholder's equity $ 786,437 $ 665,025