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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Cash and due from banks:    
Noninterest bearing deposits and cash $ 7,381,000 $ 3,582,000
Interest bearing deposits 59,056,000 45,147,000
Total cash and cash equivalents 66,437,000 48,729,000
Investment securities:    
Available-for-sale securities, at fair value 39,496,000 25,576,000
Other investments, at cost 4,963,000 4,962,000
Total investment securities 44,459,000 30,538,000
Federal Reserve Bank stock, at cost 2,866,000 2,502,000
Federal Home Loan Bank stock, at cost 4,928,000 5,889,000
Loans receivable (net of allowance for loan and lease losses: 2018: $7,609, 2017: $6,297) 772,767,000 713,350,000
Accrued interest and dividends receivable 3,766,000 3,496,000
Premises and equipment, net 35,435,000 35,358,000
Other real estate owned 2,945,000 0
Deferred tax asset 10,851,000 10,397,000
Balance 1,728,000
Core deposit intangible, net 698,000
Other assets 4,816,000 1,821,000
Total assets 951,696,000 852,080,000
Liabilities    
Noninterest bearing deposits 84,471,000 81,197,000
Interest bearing deposits 658,810,000 556,242,000
Total deposits 743,281,000 637,439,000
Federal Home Loan Bank and correspondent bank borrowings 100,000,000 120,000,000
Senior notes, net 11,778,000 11,703,000
Subordinated debt, net 9,723,000
Junior subordinated debt owed to unconsolidated trust, net 8,094,000 8,086,000
Note payable 1,388,000 1,580,000
Advances from borrowers for taxes and insurance 2,926,000 2,829,000
Accrued expenses and other liabilities 5,166,000 3,694,000
Total liabilities 882,356,000 785,331,000
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; 2018: 3,984,415 shares issued; 3,910,674 shares outstanding. 2017: 3,973,416 shares issued; 3,899,675 shares outstanding 40,000 40,000
Additional paid-in capital 107,095,000 106,875,000
Accumulated deficit (35,790,000) (38,832,000)
Less: Treasury stock, at cost: 2018 and 2017, 73,741 and 73,741 shares, respectively (1,179,000) (1,179,000)
Accumulated other comprehensive loss (826,000) (155,000)
Total shareholders' equity 69,340,000 66,749,000
Total liabilities and shareholders' equity $ 951,696,000 $ 852,080,000