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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from financial institutions $ 6,259 $ 8,865
Federal funds sold 1,095 6,390
Cash and cash equivalents 7,354 15,255
Interest-bearing deposits in other financial institutions 2,728 2,728
Available-for-sale securities 58,541 60,200
Loans held for sale 118  
Loans, net of allowance for loan losses of $4,949 and $4,916 at June 30, 2016 and December 31, 2015, respectively 342,064 325,866
Premises and equipment, net 9,543 9,998
Bank owned life insurance (BOLI) 8,262 8,174
Federal Home Loan Bank (FHLB) stock, at cost 2,025 2,025
Accrued interest receivable 1,536 1,680
Deferred income taxes 1,177 1,328
Goodwill 4,097 4,097
Core deposit intangible 230 265
Other real estate owned 66 100
Other assets 514 465
Total Assets 438,255 432,181
Deposits    
Noninterest bearing 49,623 48,522
Savings, NOW and money market 163,951 168,335
Time 139,859 153,531
Total deposits 353,433 370,388
FHLB advances and other borrowings 36,000 15,000
Subordinated debentures 5,000 5,000
Accrued interest payable 223 213
Other liabilities 2,152 2,056
Total Liabilities 396,808 392,657
Stockholders' Equity    
6.5% cumulative convertible preferred stock; no par value, authorized 250 shares, aggregate liquidation preference of $7,998; issued and outstanding 237 and 250 shares at June 30, 2016 and December 31, 2015, respectively 7,261 7,659
Common stock, no par value, authorized 5,000,000 shares; issued and outstanding 1,999,587 and 1,968,777 shares at June 30, 2016 and December 31, 2015, respectively 25,862 25,406
Retained earnings 7,876 6,304
Accumulated other comprehensive income 448 155
Total stockholders' equity 41,447 39,524
Total liabilities and stockholders' equity $ 438,255 $ 432,181