Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 24,779	$ 25,895
Interest-bearing deposits in other financial institutions
Securities available for sale	$ 9,372	$ 9,368
Loans held for sale, at fair value	1,598	889
Loans, net of allowance of $6,716 and $6,620	300,479	297,064
FHLB stock	1,942	1,942
Foreclosed assets, net	1,636	1,636
Premises and equipment, net	3,561	3,609
Bank owned life insurance	4,830	4,797
Accrued interest receivable and other assets	5,154	6,093
Total assets	353,351	351,293
Deposits
Noninterest bearing	37,266	42,926
Interest bearing	255,168	247,541
Total deposits	292,434	290,467
FHLB advances	14,500	14,500
Advances by borrowers for taxes and insurance	353	656
Accrued interest payable and other liabilities	2,369	2,203
Subordinated debentures	5,155	5,155
Total liabilities	$ 314,811	$ 312,981
Commitments and contingent liabilities
Stockholders' equity
Common stock, $.01 par value; shares authorized: 50,000,000; shares issued: 16,135,917 in 2016 and 16,135,917 in 2015	$ 161	$ 161
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 480,000 issued at March 31, 2016 and December 31, 2015	5	5
Additional paid-in capital	59,994	59,937
Accumulated deficit	(18,435)	(18,537)
Accumulated other comprehensive income	60	(9)
Treasury stock, at cost; 111,707 shares of common stock	(3,245)	(3,245)
Total stockholders' equity	38,540	38,312
Total liabilities and stockholder's equity	$ 353,351	$ 351,293