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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets:    
Cash and due from banks $ 2,058 $ 1,934
Interest-bearing deposits with banks 6,342 6,049
Total cash and cash equivalents 8,400 7,983
Securities available for sale 5,861 2,359
Securities held-to-maturity (fair value of $6,421 and $7,175) 6,195 7,139
Loans, net of allowance for loan losses of $2,104 and $2,243 92,081 77,200
Federal Home Loan Bank stock 642 1,132
Premises and equipment, net 2,753 2,668
Right-of-use lease assets 1,092
Accrued interest receivable 354 314
Other assets 1,927 1,350
Total assets 119,305 100,145
Liabilities:    
Noninterest-bearing demand deposits 11,513 9,638
Savings, NOW and money-market deposits 48,063 26,682
Time deposits 33,689 26,058
Total deposits 93,265 62,378
Federal Home Loan Bank advances 13,000 24,600
Federal funds purchased 560
Junior subordinated debenture 5,155 5,155
Official checks 70 274
Operating lease liabilities 1,095
Other liabilities 1,928 1,872
Total liabilities 114,513 94,839
Commitments and contingencies (Notes 8, 10, 11 and 12)
Stockholders' equity:    
Preferred stock, no par value; 6,000,000 shares authorized: Designated Series A, no par value, $25,000 liquidation value per share, no shares issued and outstanding
Common stock, $.01 par value; 5,000,000 shares authorized, 1,928,776 shares issued and outstanding in 2019 and 1,858,020 shares issued and outstanding in 2018 19 18
Additional paid-in capital 36,359 36,128
Accumulated deficit (31,366) (30,510)
Accumulated other comprehensive loss (220) (330)
Total stockholders' equity 4,792 5,306
Total liabilities and stockholders' equity $ 119,305 $ 100,145