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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Cash and due from banks (Note 2):    
Noninterest bearing deposits and cash $ 2,588,000 $ 2,095,000
Interest bearing deposits 82,812,000 71,163,000
Total cash and cash equivalents 85,400,000 73,258,000
Securities:    
Available for sale securities, at fair value (Note 3) 29,377,000 33,682,000
Other Investments 4,450,000 4,450,000
Federal Reserve Bank stock, at cost 2,075,000 2,058,000
Federal Home Loan Bank stock, at cost 6,570,000 6,628,000
Total securities 42,472,000 46,818,000
Loans receivable (net of allowance for loan losses: 2015: $5,242, 2014: $4,924) (Notes 4 and 16) 479,127,000 471,984,000
Accrued interest and dividends receivable 2,010,000 1,918,000
Premises and equipment, net (Notes 5 and 8) 29,421,000 22,357,000
Deferred tax asset (Note 9) 13,763,000 14,926,000
Other assets 1,338,000 1,363,000
Total assets 653,531,000 632,624,000
Deposits (Notes 6 and 16):    
Noninterest bearing deposits 85,065,000 63,398,000
Interest bearing deposits 361,982,000 379,635,000
Total deposits 447,047,000 443,033,000
Federal Home Loan Bank borrowings (Note 7) 132,000,000 120,000,000
Junior subordinated debt owed to unconsolidated trust (Note 7) 8,248,000 8,248,000
Note Payable (Note 7) 1,939,000  
Accrued expenses and other liabilities 2,833,000 2,608,000
Total liabilities $ 592,067,000 $ 573,889,000
Commitments and Contingencies (Notes 7, 8 and 13)
Shareholders' equity (1)(Notes 11 and 15)    
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: 3,957,377 shares issued; 3,956,207 shares outstanding. 2014: 3,925,362 shares issued; 3,924,192 shares outstanding $ 40,000 $ 39,000 [1]
Additional paid-in capital 106,568,000 106,108,000 [1]
Accumulated deficit (44,832,000) (46,975,000) [1]
Less: Treasury stock, at cost: 2015 and 2014, 1,170 shares (160,000) (160,000) [1]
Accumulated other comprehensive loss (152,000) (277,000) [1]
Total shareholders' equity 61,464,000 58,735,000 [1]
Total liabilities and shareholders' equity $ 653,531,000 $ 632,624,000 [1]
[1] On March 4, 2015, the Company affected a 1-for-10 reverse stock split. All common stock data included in these financial statements for year 2014 has been restated to give effect to the reverse stock split.