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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 24,307 $ 57,941
Interest-bearing deposits in other financial institutions 100 100
Securities available for sale 14,007 14,058
Loans held for sale, at fair value 830 2,812
Loans and leases, net of allowance of $6,942 and $6,925 360,974 346,125
FHLB and FRB stock 3,186 1,942
Foreclosed assets, net 204 204
Premises and equipment, net 3,409 3,429
Bank owned life insurance 4,963 4,930
Accrued interest receivable and other assets 4,481 4,571
Total assets 416,461 436,112
Deposits    
Noninterest bearing 72,001 72,779
Interest bearing 276,244 302,585
Total deposits 348,245 375,364
FHLB advances 21,500 13,500
Advances by borrowers for taxes and insurance 132 408
Accrued interest payable and other liabilities 1,860 2,393
Subordinated debentures 5,155 5,155
Total liabilities 376,892 396,820
Commitments and contingent liabilities
Stockholders' equity    
Common stock, $.01 par value; shares authorized: 50,000,000; shares issued: 16,421,584 at March 31, 2017 and 16,427,917 at December 31, 2016 164 164
Series B Preferred stock, $0.01 par value; 480,000 shares authorized; 480,000 issued at March 31, 2017 and December 31, 2016 5 5
Additional paid-in capital 60,251 60,163
Accumulated deficit (17,577) (17,767)
Accumulated other comprehensive income 1 2
Treasury stock, at cost; 133,007 shares of common stock at March 31, 2017 and December 31, 2016 (3,275) (3,275)
Total stockholders' equity 39,569 39,292
Total liabilities and stockholder's equity $ 416,461 $ 436,112