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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Cash and due from banks:    
Noninterest bearing deposits and cash $ 2,596,000 $ 2,588,000
Interest bearing deposits 89,693,000 82,812,000
Total cash and cash equivalents 92,289,000 85,400,000
Investment securities:    
Available-for-sale securities 24,428,000 29,377,000
Other Investments, at cost 4,450,000 4,450,000
Total investment securities 28,878,000 33,827,000
Federal Reserve Bank stock, at cost 2,109,000 2,075,000
Federal Home Loan Bank stock, at cost 5,609,000 6,570,000
Loans receivable (net of allowance for loan losses: 2016: $4,675, 2015: $5,242) 576,982,000 479,127,000
Accrued interest and dividends receivable 2,726,000 2,010,000
Premises and equipment, net 32,759,000 29,421,000
Other real estate owned 851,000 0
Deferred tax asset 12,632,000 13,763,000
Other assets 1,819,000 1,162,000
Total assets 756,654,000 653,355,000
Deposits:    
Noninterest bearing deposits 76,772,000 85,797,000
Interest bearing deposits 452,552,000 358,868,000
Total deposits 529,324,000 444,665,000
Federal Home Loan Bank and correspondent bank borrowings 138,000,000 132,000,000
Senior notes, net 11,628,000
Junior subordinated debt owed to unconsolidated trust 8,079,000 8,072,000
Note Payable 1,769,000 1,954,000
Advances from borrowers for taxes and insurance 2,676,000 2,367,000
Accrued expenses and other liabilities 2,608,000 2,833,000
Total liabilities 694,084,000 591,891,000
Commitments and Contingencies
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; 2016: 3,965,538 shares issued; 3,891,897 shares outstanding. 2015: 3,957,377 shares issued; 3,956,207 shares outstanding 40,000 40,000
Additional paid-in capital 106,729,000 106,568,000
Accumulated deficit (42,902,000) (44,832,000)
Less: Treasury stock, at cost: 2016 and 2015, 73,641 and 1,170 shares, respectively (1,177,000) (160,000)
Accumulated other comprehensive loss (120,000) (152,000)
Total shareholders' equity 62,570,000 61,464,000
Total liabilities and shareholders' equity $ 756,654,000 $ 653,355,000