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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Cash and due from banks:    
Noninterest bearing deposits and cash $ 3,865 $ 3,582
Interest bearing deposits 58,127 45,659
Total cash and cash equivalents 61,992 49,241
Investment securities:    
Available-for-sale securities, at fair value 24,793 25,576
Other investments, at cost 4,450 4,450
Total investment securities 29,243 30,026
Federal Reserve Bank stock, at cost 2,526 2,502
Federal Home Loan Bank stock, at cost 5,889 5,889
Loans receivable (net of allowance for loan losses: 2018: $6,485, 2017: $6,297) 718,070 713,350
Accrued interest and dividends receivable 3,505 3,496
Premises and equipment, net 35,638 35,358
Deferred tax asset 11,335 10,397
Other assets 2,219 1,821
Total assets 870,417 852,080
Deposits:    
Noninterest bearing deposits 71,736 81,197
Interest bearing deposits 583,562 556,242
Total deposits 655,298 637,439
Federal Home Loan Bank and correspondent bank borrowings 120,000 120,000
Senior notes, net 11,722 11,703
Junior subordinated debt owed to unconsolidated trust 8,088 8,086
Note payable 1,532 1,580
Advances from borrowers for taxes and insurance 1,904 2,829
Accrued expenses and other liabilities 4,268 3,694
Total liabilities 802,812 785,331
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; 2018: 3,976,351 shares issued; 3,902,610 shares outstanding. 2017: 3,973,416 shares issued; 3,899,675 shares outstanding 40 40
Additional paid-in capital 106,928 106,875
Accumulated deficit (37,805) (38,832)
Less: Treasury stock, at cost: 2018 and 2017, 73,741 and 73,741 shares, respectively (1,179) (1,179)
Accumulated other comprehensive loss (379) (155)
Total shareholders' equity 67,605 66,749
Total liabilities and shareholders' equity $ 870,417 $ 852,080