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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Cash and due from banks:    
Noninterest bearing deposits and cash $ 6,661 $ 7,381
Interest bearing deposits 49,971 59,056
Total cash and cash equivalents 56,632 66,437
Investment securities:    
Available-for-sale securities, at fair value 40,275 39,496
Other investments, at cost 4,963 4,963
Total investment securities 45,238 44,459
Federal Reserve Bank stock, at cost 2,892 2,866
Federal Home Loan Bank stock, at cost 4,513 4,928
Loans receivable (net of allowance for loan losses: 2019: $7,823, 2018: $7,609) 780,713 772,767
Accrued interest and dividends receivable 3,621 3,766
Premises and equipment, net 35,335 35,435
Other real estate owned 2,945 2,945
Deferred tax asset, net 10,357 10,851
Goodwill 1,107 1,728
Core deposit intangible, net 680 698
Other assets 9,075 4,816
Total assets 953,108 951,696
Deposits:    
Noninterest bearing deposits 82,248 84,471
Interest bearing deposits 670,573 658,810
Total deposits 752,821 743,281
Federal Home Loan Bank and correspondent bank borrowings 90,000 100,000
Senior notes, net 11,796 11,778
Subordinated debt, net 9,731 9,723
Junior subordinated debt owed to unconsolidated trust, net 8,096 8,094
Note payable 1,339 1,388
Advances from borrowers for taxes and insurance 1,922 2,926
Accrued expenses and other liabilities 7,754 5,166
Total liabilities 883,459 882,356
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; 2019: 3,993,351 shares issued; 3,919,610 shares outstanding. 2018: 3,984,415 shares issued; 3,910,674 shares outstanding 40 40
Additional paid-in capital 107,143 107,095
Accumulated deficit (35,517) (35,790)
Less: Treasury stock, at cost: 2019 and 2018, 73,741 and 73,741 shares, respectively (1,179) (1,179)
Accumulated other comprehensive loss (838) (826)
Total shareholders' equity 69,649 69,340
Total liabilities and shareholders' equity $ 953,108 $ 951,696