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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Cash and due from banks:    
Noninterest bearing deposits and cash $ 2,454,000 $ 2,588,000
Interest bearing deposits 43,060,000 82,812,000
Total cash and cash equivalents 45,514,000 85,400,000
Securities:    
Available for sale securities, at fair value (Note 2) 23,374,000 29,377,000
Other Investments 4,450,000 4,450,000
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 7,818,000 8,645,000
Total securities 35,642,000 42,472,000
Loans receivable (net of allowance for loan losses: 2016: $7,328; 2015: $5,242) (Note 3) 552,822,000 479,127,000
Premises and equipment, net 30,850,000 29,421,000
Other real estate owned 851,000
Accrued interest and dividends receivable 2,308,000 2,010,000
Deferred tax asset (Note 7) 13,340,000 13,763,000
Other assets 1,759,000 1,338,000
Total assets 683,086,000 653,531,000
Deposits (Note 5):    
Noninterest bearing deposits 77,304,000 85,812,000
Interest bearing deposits 393,881,000 358,868,000
Total deposits 471,185,000 444,680,000
Federal Home Loan Bank borrowings (Note 9) 135,000,000 132,000,000
Junior subordinated debt owed to unconsolidated trust (Note 9) 8,248,000 8,248,000
Note Payable (Note 9) 1,800,000 1,939,000
Advances from borrowers for taxes and insurance 1,478,000 2,367,000
Accrued expenses and other liabilities 2,793,000 2,833,000
Total liabilities 620,504,000 592,067,000
Commitments and Contingencies (Note 10)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.01 par value, 100,000,000 shares authorized; 3,961,591 and 3,957,377 shares issued; 3,959,903 and 3,956,207 shares outstanding; at September 30, 2016 and December 31, 2015, respectively 40,000 40,000
Additional paid-in capital 106,694,000 106,568,000
Accumulated deficit (43,947,000) (44,832,000)
Less: Treasury stock, at cost: 1,688 and 1,170 shares held at September 30, 2016 and December 31, 2015, respectively (167,000) (160,000)
Accumulated other comprehensive loss (38,000) (152,000)
Total shareholders' equity 62,582,000 61,464,000
Total liabilities and shareholders' equity $ 683,086,000 $ 653,531,000