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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Cash and due from banks:    
Noninterest bearing deposits and cash $ 3,006 $ 2,693
Interest bearing deposits 31,630 36,711
Total cash and cash equivalents 34,636 39,404
Investment securities:    
Available-for-sale securities, at fair value 49,262 48,317
Other investments, at cost 4,450 4,450
Total investment securities 53,712 52,767
Federal Reserve Bank stock, at cost 2,783 2,897
Federal Home Loan Bank stock, at cost 4,503 4,477
Loans receivable (net of allowance for loan losses: 2020: $10,584 and 2019: $10,115) 719,596 802,049
Loans held for sale 1,217 15,282
Accrued interest and dividends receivable 6,620 3,603
Premises and equipment, net 33,423 34,568
Other real estate owned 1,906 2,400
Deferred tax asset, net 11,496 11,133
Goodwill 1,107 1,107
Core deposit intangible, net 343 623
Other assets 9,387 9,526
Total assets 880,729 979,836
Deposits:    
Noninterest bearing deposits 158,676 88,135
Interest bearing deposits 526,980 681,400
Total deposits 685,656 769,535
Federal Home Loan Bank and correspondent bank borrowings 90,000 100,000
Senior notes, net 11,927 11,853
Subordinated debt, net 9,782 9,752
Junior subordinated debt owed to unconsolidated trust, net 8,110 8,102
Note payable 994 1,193
Advances from borrowers for taxes and insurance 3,786 3,681
Accrued expenses and other liabilities 7,255 8,726
Total liabilities 817,510 912,842
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 December 31, 2020: 4,017,313 shares issued; 3,943,572 shares outstanding; As of December 31, 2019: 4,004,410 shares issued; 3,930,669 shares outstanding 106,329 106,170
Accumulated deficit (42,592) (38,773)
Accumulated other comprehensive loss (518) (403)
Total shareholders' equity 63,219 66,994
Total liabilities and shareholders' equity $ 880,729 $ 979,836