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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Cash and due from banks:    
Noninterest bearing deposits and cash $ 3,157 $ 7,381
Interest bearing deposits 46,844 59,056
Total cash and cash equivalents 50,001 66,437
Investment securities:    
Available-for-sale securities, at fair value 50,057 39,496
Other investments, at cost 4,963 4,963
Total investment securities 55,020 44,459
Federal Reserve Bank stock, at cost 2,889 2,866
Federal Home Loan Bank stock, at cost 4,477 4,928
Loans receivable (net of allowance for loan losses: 2019: $8,405, 2018: $7,609) 791,909 772,767
SBA loans held for sale 4,103
Accrued interest and dividends receivable 3,538 3,766
Premises and equipment, net 34,883 35,435
Other real estate owned 2,400 2,945
Deferred tax asset, net 11,495 10,851
Goodwill 1,107 1,728
Core deposit intangible, net 642 698
Other assets 9,521 4,816
Total assets 971,985 951,696
Deposits:    
Noninterest bearing deposits 80,772 84,471
Interest bearing deposits 681,284 658,810
Total deposits 762,056 743,281
Federal Home Loan Bank and correspondent bank borrowings 100,000 100,000
Senior notes, net 11,834 11,778
Subordinated debt, net 9,745 9,723
Junior subordinated debt owed to unconsolidated trust, net 8,100 8,094
Note payable 1,242 1,388
Advances from borrowers for taxes and insurance 2,182 2,926
Accrued expenses and other liabilities 8,647 5,166
Total liabilities 903,806 882,356
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 September 30, 2019: 3,998,743 shares issued; 3,925,002 shares outstanding. As of December 31, 2018: 3,984,415 shares issued; 3,910,674 shares outstanding 106,118 105,956
Accumulated deficit (37,222) (35,790)
Accumulated other comprehensive loss (717) (826)
Total shareholders' equity 68,179 69,340
Total liabilities and shareholders' equity $ 971,985 $ 951,696