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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Cash and due from banks:    
Noninterest bearing deposits and cash $ 2,429 $ 2,095
Interest bearing deposits 56,909 71,163
Total cash and cash equivalents 59,338 73,258
Securities:    
Available for sale securities, at fair value (Note 2) 30,719 33,682
Other investments 4,450 4,450
Federal Reserve Bank stock, at cost 2,048 2,058
Federal Home Loan Bank stock, at cost 6,628 6,628
Total securities 43,845 46,818
Loans receivable (net of allowance for loan losses: 2015: $5,240, 2014: $4,924) (Note 3) 491,074 471,984
Accrued interest and dividends receivable 2,107 1,918
Premises and equipment, net 29,193 22,357
Deferred tax asset (Note 6) 13,905 14,926
Other assets 1,263 1,363
Total assets 640,725 632,624
Deposits (Note 4):    
Noninterest bearing deposits 75,011 63,398
Interest bearing deposits 371,429 379,635
Total deposits 446,440 443,033
Federal Home Loan Bank borrowings (Note 8) 120,000 120,000
Junior subordinated debt owed to unconsolidated trust (Note 8) 8,248 8,248
Note Payable (Note 8) 1,985  
Accrued expenses and other liabilities 3,156 2,608
Total liabilities $ 579,829 $ 573,889
Commitments and Contingencies (Note 10)
Shareholders' equity (1) (Note 7)    
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding [1]
Common stock, $.01 par value, 100,000,000 shares authorized; 2015 : 3,963,340 shares issued; 3,962,170 shares outstanding. 2014 : 3,952,177 shares issued; 3,951,007 shares outstanding $ 396 $ 395
Additional paid-in capital (Note 5) [1] 106,091 105,752
Accumulated deficit [1] (45,364) (46,975)
Less: Treasury stock, at cost: 2015 and 2014, 1,170 shares [1] (160) (160)
Accumulated other comprehensive loss (Note 9) [1] (67) (277)
Total shareholders' equity [1] 60,896 58,735
Total liabilities and shareholders' equity [1] $ 640,725 $ 632,624
[1] All common stock data has been restated for a 1-for-10 reverse stock split which took effect on March 4, 2015.