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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Noninterest bearing deposits and cash $ 3,210 $ 2,596
Interest bearing deposits 7,633 89,693
Total cash and cash equivalents 10,843 92,289
Investment securities:    
Available-for-sale securities, at fair value 24,981 24,428
Other investments, at cost 4,450 4,450
Total investment securities 29,431 28,878
Federal Reserve Bank stock, at cost 2,424 2,109
Federal Home Loan Bank stock, at cost 5,833 5,609
Loans receivable (net of allowance for loan losses: 2017: $5,944, 2016: $4,675) 673,144 576,982
Accrued interest and dividends receivable 3,208 2,726
Premises and equipment, net 34,471 32,759
Other real estate owned 851 851
Deferred tax asset 11,212 12,632
Other assets 2,003 1,819
Total assets 773,420 756,654
Liabilities    
Noninterest bearing deposits 77,778 76,772
Interest bearing deposits 484,261 452,552
Total deposits 562,039 529,324
Federal Home Loan Bank and correspondent bank borrowings 120,000 138,000
Senior notes, net 11,666 11,628
Junior subordinated debt owed to unconsolidated trust 8,082 8,079
Note payable 1,675 1,769
Advances from borrowers for taxes and insurance 3,111 2,676
Accrued expenses and other liabilities 1,547 2,608
Total liabilities 708,120 694,084
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: 3,967,769 shares issued; 3,894,128 shares outstanding. 2016: 3,965,538 shares issued; 3,891,897 shares outstanding 40 40
Additional paid-in capital 106,797 106,729
Accumulated deficit (40,368) (42,902)
Less: Treasury stock, at cost: 2017 and 2016, 73,641 and 73,641 shares, respectively (1,177) (1,177)
Accumulated other comprehensive gain (loss) 8 (120)
Total shareholders' equity 65,300 62,570
Total liabilities and shareholders' equity $ 773,420 $ 756,654