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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Cash and due from banks:    
Noninterest bearing deposits and cash $ 4,589 $ 3,582
Interest bearing deposits 81,052 45,659
Total cash and cash equivalents 85,641 49,241
Investment securities:    
Available-for-sale securities 23,982 25,576
Other investments, at cost 4,450 4,450
Total investment securities 28,432 30,026
Federal Reserve Bank stock, at cost 2,564 2,502
Federal Home Loan Bank stock, at cost 5,807 5,889
Loans receivable (net of allowance for loan losses: 2018: $6,525, 2017: $6,297) 750,804 713,350
Accrued interest and dividends receivable 3,306 3,496
Premises and equipment, net 35,715 35,358
Other real estate owned 991
Deferred tax asset 11,085 10,397
Goodwill 2,100
Core deposit intangible, net 534
Other assets 3,256 1,821
Total assets 930,235 852,080
Deposits:    
Noninterest bearing deposits 83,808 81,197
Interest bearing deposits 628,504 556,242
Total deposits 712,312 637,439
Federal Home Loan Bank and correspondent bank borrowings 110,000 120,000
Senior notes, net 11,740 11,703
Subordinated debt, net 9,576
Junior subordinated debt owed to unconsolidated trust 8,090 8,086
Note payable 1,484 1,580
Advances from borrowers for taxes and insurance 2,876 2,829
Accrued expenses and other liabilities 5,796 3,694
Total liabilities 861,874 785,331
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: 3,978,319 shares issued; 3,904,578 shares outstanding. 2017: 3,973,416 shares issued; 3,899,675 shares outstanding 40 40
Additional paid-in capital 106,982 106,875
Accumulated deficit (36,808) (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 (674) (155)
Total shareholders' equity 68,361 66,749
Total liabilities and shareholders' equity $ 930,235 $ 852,080