XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Cash and due from banks:    
Noninterest bearing deposits and cash $ 5,578 $ 7,381
Interest bearing deposits 45,538 59,056
Total cash and cash equivalents 51,116 66,437
Investment securities:    
Available-for-sale securities, at fair value 43,839 39,496
Other investments, at cost 4,963 4,963
Total investment securities 48,802 44,459
Federal Reserve Bank stock, at cost 2,922 2,866
Federal Home Loan Bank stock, at cost 4,513 4,928
Loans receivable (net of allowance for loan losses: 2019: $8,458, 2018: $7,609) 803,319 772,767
SBA Loans held for sale 4,283
Accrued interest and dividends receivable 3,678 3,766
Premises and equipment, net 35,249 35,435
Other real estate owned 1,954 2,945
Deferred tax asset, net 11,132 10,851
Goodwill 1,107 1,728
Core deposit intangible, net 661 698
Other assets 9,031 4,816
Total assets 977,767 951,696
Deposits:    
Noninterest bearing deposits 84,295 84,471
Interest bearing deposits 683,271 658,810
Total deposits 767,566 743,281
Federal Home Loan Bank and correspondent bank borrowings 100,000 100,000
Senior notes, net 11,815 11,778
Subordinated debt, net 9,738 9,723
Junior subordinated debt owed to unconsolidated trust, net 8,098 8,094
Note payable 1,291 1,388
Advances from borrowers for taxes and insurance 3,239 2,926
Accrued expenses and other liabilities 7,730 5,166
Total liabilities 909,477 882,356
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; As of June 30, 2019: 3,996,351 shares issued; 3,922,610 shares outstanding. As of December 31, 2018: 3,984,415 shares issued; 3,910,674 shares outstanding 40 40
Additional paid-in capital 107,198 107,095
Accumulated deficit (37,210) (35,790)
Treasury stock, at cost: As of June 30, 2019 and December 31, 2018, 73,741 and 73,741 shares, respectively (1,179) (1,179)
Accumulated other comprehensive loss (559) (826)
Total shareholders' equity 68,290 69,340
Total liabilities and shareholders' equity $ 977,767 $ 951,696