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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Cash and due from banks:    
Noninterest bearing deposits and cash $ 2,593 $ 3,006
Interest bearing deposits 81,681 31,630
Total cash and cash equivalents 84,274 34,636
Investment securities:    
Available-for-sale securities, at fair value 57,893 49,262
Other investments, at cost 4,450 4,450
Total investment securities 62,343 53,712
Federal Reserve Bank stock, at cost 2,744 2,783
Federal Home Loan Bank stock, at cost 4,503 4,503
Loans receivable (net of allowance for loan losses: 2021: $10,426 and 2020: $10,584) 666,250 719,596
Loans held for sale 2,829 1,217
Accrued interest and dividends receivable 6,270 6,620
Premises and equipment, net 33,128 33,423
Other real estate owned 1,216 1,906
Deferred tax asset, net 11,274 11,496
Goodwill 1,107 1,107
Core deposit intangible, net 331 343
Other assets 9,919 9,387
Total assets 886,188 880,729
Deposits:    
Noninterest bearing deposits 173,520 158,676
Interest bearing deposits 519,358 526,980
Total deposits 692,878 685,656
Federal Home Loan Bank and correspondent bank borrowings 90,000 90,000
Senior notes, net 11,946 11,927
Subordinated debt, net 9,789 9,782
Junior subordinated debt owed to unconsolidated trust, net 8,112 8,110
Note payable 943 994
Advances from borrowers for taxes and insurance 2,158 3,786
Accrued expenses and other liabilities 6,425 7,255
Total liabilities 822,251 817,510
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 March 31, 2021: 4,018,013 shares issued; 3,944,272 shares outstanding; As of December 31, 2020: 4,017,313 shares issued; 3,943,572 shares outstanding; 106,363 106,329
Accumulated deficit (41,738) (42,592)
Accumulated other comprehensive loss (688) (518)
Total shareholders' equity 63,937 63,219
Total liabilities and shareholders' equity $ 886,188 $ 880,729