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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets:    
Cash and due from banks $ 3,899 $ 11,233
Interest-bearing deposits with banks 245 432
Total cash and cash equivalents 4,144 11,665
Securities available for sale 10,990 11,437
Loans, net of allowance for loan losses of $3,993 and $3,991 69,100 68,220
Federal Home Loan Bank stock 979 979
Premises and equipment, net 2,671 2,593
Accrued interest receivable 284 316
Other assets 676 656
Total assets 88,844 95,866
Liabilities:    
Noninterest-bearing demand deposits 12,268 12,632
Savings, NOW and money-market deposits 21,548 22,045
Time deposits 21,281 30,574
Total deposits 55,097 65,251
Federal Home Loan Bank advances 21,000 20,500
Federal funds purchased 2,767
Junior subordinated debenture 5,155 5,155
Official checks 47 39
Other liabilities 1,905 2,376
Total liabilities 85,971 93,321
Commitments and contingencies (Notes 1, 8 and 9)
Stockholders’ equity:    
Preferred stock, no par value; 6,000,000 shares authorized, designated Series A, no par value, $25,000 liquidation value per share, 7 shares issued and outstanding
Common stock, $.01 par value; 5,000,000 shares authorized, 1,286,503 shares issued and outstanding in 2018 and 1,120,947 shares issued and outstanding in 2017 13 11
Additional paid-in capital 34,748 34,090
Accumulated deficit (31,591) (31,306)
Accumulated other comprehensive loss (297) (250)
Total stockholders’ equity 2,873 2,545
Total liabilities and stockholders’ equity $ 88,844 $ 95,866