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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Noninterest bearing deposits and cash $ 3,337 $ 2,596
Interest bearing deposits 25,075 89,693
Total cash and cash equivalents 28,412 92,289
Investment securities:    
Available-for-sale securities, at fair value 29,586 24,428
Other investments, at cost 4,450 4,450
Total investment securities 34,036 28,878
Federal Reserve Bank stock, at cost 2,460 2,109
Federal Home Loan Bank stock, at cost 6,353 5,609
Loans receivable (net of allowance for loan losses: 2017: $6,222, 2016: $4,675) 703,896 576,982
Accrued interest and dividends receivable 3,501 2,726
Premises and equipment, net 34,713 32,759
Other real estate owned 851 851
Deferred tax asset 10,686 12,632
Other assets 1,823 1,819
Total assets 826,731 756,654
Liabilities    
Noninterest bearing deposits 76,875 76,772
Interest bearing deposits 528,539 452,552
Total deposits 605,414 529,324
Federal Home Loan Bank and correspondent bank borrowings 130,000 138,000
Senior notes, net 11,684 11,628
Junior subordinated debt owed to unconsolidated trust 8,085 8,079
Note payable 1,627 1,769
Advances from borrowers for taxes and insurance 1,799 2,676
Accrued expenses and other liabilities 1,812 2,608
Total liabilities 760,421 694,084
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: 3,969,461 shares issued; 3,895,720 shares outstanding. 2016: 3,965,538 shares issued; 3,891,897 shares outstanding 40 40
Additional paid-in capital 106,834 106,729
Accumulated deficit (39,394) (42,902)
Less: Treasury stock, at cost: 2017 and 2016, 73,741 and 73,641 shares, respectively (1,179) (1,177)
Accumulated other comprehensive gain (loss) 9 (120)
Total shareholders' equity 66,310 62,570
Total liabilities and shareholders' equity $ 826,731 $ 756,654