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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Cash and due from banks:    
Noninterest bearing deposits and cash $ 2,892 $ 2,095
Interest bearing deposits 50,201 71,163
Total cash and cash equivalents 53,093 73,258
Securities:    
Available for sale securities, at fair value (Note 2) 31,640 33,682
Other investments 4,450 4,450
Federal Reserve Bank stock, at cost 2,020 2,058
Federal Home Loan Bank stock, at cost 6,628 6,628
Total securities 44,738 46,818
Loans receivable (net of allowance for loan losses: 2015: $5,208 2014: $4,924) (Note 3) 488,705 471,984
Accrued interest and dividends receivable 2,034 1,918
Premises and equipment, net 24,703 22,357
Deferred tax asset (Note 6) 14,221 14,926
Other assets 1,407 1,363
Total assets 628,901 632,624
Deposits (Note 4):    
Noninterest bearing deposits 79,774 63,398
Interest bearing deposits 377,681 379,635
Total deposits 457,455 443,033
Federal Home Loan Bank borrowings 100,000 120,000
Junior subordinated debt owed to unconsolidated trust 8,248 8,248
Accrued expenses and other liabilities 3,121 2,608
Total liabilities $ 568,824 $ 573,889
Commitments and Contingencies (Note 9)    
Shareholders' equity (1) (Note 7)    
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding    
Common stock, $.01 par value, 100,000,000 shares authorized; 2015: 3,955,119 shares issued; 3,953,949 shares outstanding. 2014 : 3,952,179 shares issued; 3,951,009 shares outstanding $ 396 $ 395
Additional paid-in capital (Note 5) 105,979 105,752
Accumulated deficit (45,997) (46,975)
Less: Treasury stock, at cost: 2015 and 2014, 1,170 shares (160) (160)
Accumulated other comprehensive loss (Note 8) (141) (277)
Total shareholders' equity 60,077 58,735
Total liabilities and shareholders' equity $ 628,901 $ 632,624