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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Cash and due from banks:    
Noninterest bearing deposits and cash $ 3,582,000 $ 2,596,000
Interest bearing deposits 45,659,000 89,693,000
Total cash and cash equivalents 49,241,000 92,289,000
Investment securities:    
Available-for-sale securities 25,576,000 24,428,000
Other investments, at cost 4,450,000 4,450,000
Total investment securities 30,026,000 28,878,000
Federal Reserve Bank stock, at cost 2,502,000 2,109,000
Federal Home Loan Bank stock, at cost 5,889,000 5,609,000
Loans receivable (net of allowance for loan losses: 2017: $6,297, 2016: $4,675) 713,350,000 576,982,000
Accrued interest and dividends receivable 3,496,000 2,726,000
Premises and equipment, net 35,358,000 32,759,000
Other real estate owned 0 851,000
Deferred tax asset 10,397,000 12,632,000
Other assets 1,821,000 1,819,000
Total assets 852,080,000 756,654,000
Deposits:    
Noninterest bearing deposits 81,197,000 76,772,000
Interest bearing deposits 556,242,000 452,552,000
Total deposits 637,439,000 529,324,000
Federal Home Loan Bank and correspondent bank borrowings 120,000,000 138,000,000
Senior notes, net 11,703,000 11,628,000
Junior subordinated debt owed to unconsolidated trust 8,086,000 8,079,000
Note payable 1,580,000 1,769,000
Advances from borrowers for taxes and insurance 2,829,000 2,676,000
Accrued expenses and other liabilities 3,694,000 2,608,000
Total liabilities 785,331,000 694,084,000
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: 3,973,416 shares issued; 3,899,675 shares outstanding. 2016: 3,965,538 shares issued; 3,891,897 shares outstanding 40,000 40,000
Additional paid-in capital 106,875,000 106,729,000
Accumulated deficit (38,832,000) (42,902,000)
Less: Treasury stock, at cost: 2017 and 2016, 73,741 and 73,641 shares, respectively (1,179,000) (1,177,000)
Accumulated other comprehensive loss (155,000) (120,000)
Total shareholders' equity 66,749,000 62,570,000
Total liabilities and shareholders' equity $ 852,080,000 $ 756,654,000