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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 6,124 $ 7,493
Interest-bearing deposits in other financial institutions 6,069 2,308
Federal funds sold 8,425 2,570
Cash and cash equivalents 20,618 12,371
Investment securities available for sale, at fair value 99,476 98,790
Federal Home Loan Bank stock, at cost 1,200 1,203
Maryland Financial Bank stock 30 30
Loans, less allowance for credit losses (March 31: $2,312; December 31: $3,150) 254,791 259,637
Premises and equipment, at cost, less accumulated depreciation 3,302 3,369
Other real estate owned 201 74
Cash value of life insurance 9,411 9,358
Other assets 5,437 5,748
Total assets 394,466 390,580
Liabilities:    
Deposits 339,055 335,191
Long-term borrowings 20,000 20,000
Other liabilities 744 1,213
Total liabilities $ 359,799 $ 356,404
Commitments and contingencies
Stockholders' equity:    
Common stock, par value $1, authorized 15,000,000 shares; issued and outstanding: March 31: 2,776,566 shares; December 31: 2,773,361 shares $ 2,777 $ 2,773
Surplus 10,036 9,986
Retained earnings 21,723 21,718
Accumulated other comprehensive income (loss), net of taxes 131 (301)
Total stockholders' equity 34,667 34,176
Total liabilities and stockholders' equity $ 394,466 $ 390,580