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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Noninterest bearing deposits and cash $ 5,087 $ 2,596
Interest bearing deposits 55,179 89,693
Total cash and cash equivalents 60,266 92,289
Investment securities:    
Available-for-sale securities, at fair value 21,201 24,428
Other Investments, at cost 4,450 4,450
Total investment securities 25,651 28,878
Federal Reserve Bank stock, at cost 2,358 2,109
Federal Home Loan Bank stock, at cost 5,489 5,609
Loans receivable (net of allowance for loan losses: 2017: $5,697, 2016: $4,675) 625,030 576,982
Accrued interest and dividends receivable 3,063 2,726
Premises and equipment, net 33,442 32,759
Other real estate owned 851 851
Deferred tax asset 11,691 12,632
Receivable for securities sold, not settled 4,968
Other assets 1,952 1,819
Total assets 774,761 756,654
Liabilities    
Noninterest bearing deposits 78,372 76,772
Interest bearing deposits 482,587 452,552
Total deposits 560,959 529,324
Federal Home Loan Bank and correspondent bank borrowings 124,000 138,000
Senior notes, net 11,647 11,628
Junior subordinated debt owed to unconsolidated trust 8,080 8,079
Note Payable 1,722 1,769
Advances from borrowers for taxes and insurance 1,755 2,676
Accrued expenses and other liabilities 2,157 2,608
Total liabilities 710,320 694,084
Commitments and Contingencies
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; 2017: 3,965,538 shares issued; 3,894,128 shares outstanding. 2016: 3,965,538 shares issued; 3,891,897 shares outstanding 40 40
Additional paid-in capital 106,772 106,729
Accumulated deficit (41,172) (42,902)
Less: Treasury stock, at cost: 2017 and 2016, 73,641 and 73,641 shares, respectively (1,177) (1,177)
Accumulated other comprehensive loss (22) (120)
Total shareholders' equity 64,441 62,570
Total liabilities and shareholders' equity $ 774,761 $ 756,654