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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 18,249 $ 18,500
Interest-bearing deposits with banks 14,452 16,816
Federal funds sold 4 132
Total Cash and Cash Equivalents 32,705 35,448
Investment securities available-for-sale 71,088 70,011
Loans receivable 513,008 468,629
Allowance for loan losses (6,196) (6,072)
Net Loans 506,812 462,557
Bank premises and equipment, net 26,115 29,985
Equity securities (restricted) 2,570 2,802
Other real estate owned 6,859 10,655
Accrued interest receivable 2,036 1,848
Bank owned life insurance 4,456 12,274
Deferred taxes, net 5,499 5,285
Right-of-use assets - operating leases 5,253
Other assets 3,307 3,470
Total Assets 666,700 634,335
Deposits    
Noninterest bearing 154,631 151,914
Interest-bearing 34,583 40,213
Savings deposits 121,000 114,492
Time deposits 272,330 247,819
Total Deposits 582,544 554,438
FHLB advances 7,558 13,758
Lease liabilities - operating leases 5,253
Accrued interest payable 426 331
Accrued expenses and other liabilities 3,450 2,395
Trust preferred securities 16,496 16,496
Total Liabilities 615,727 587,418
STOCKHOLDERS' EQUITY    
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,922,086 and 23,354,457 shares issued and outstanding at December 31, 2017 and 2016, respectively 47,844 46,709
Common stock warrants 764
Additional paid-in capital 14,570 13,965
Retained deficit (10,847) (14,065)
Accumulated other comprehensive loss (594) (456)
Total Stockholders' Equity 50,973 46,917
Total Liabilities and Stockholders' Equity $ 666,700 $ 634,335