Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 13,240,000	$ 10,162,000
Interest-bearing deposits with banks	424,000	203,000
Total cash and cash equivalents	13,664,000	10,365,000
Securities available for sale	23,322,000	25,749,000
Loans, net of allowance for loan losses of $4,240 and $2,295	79,410,000	82,573,000
Federal Home Loan Bank stock	1,017,000	966,000
Premises and equipment, net	2,706,000	2,703,000
Foreclosed real estate, net	2,412,000	4,029,000
Accrued interest receivable	350,000	462,000
Other assets	767,000	631,000
Total assets	123,648,000	127,478,000
Liabilities:
Noninterest-bearing demand deposits	7,547,000	9,478,000
Savings, NOW and money-market deposits	22,777,000	24,034,000
Time deposits	61,817,000	64,059,000
Total deposits	92,141,000	97,571,000
Federal Home Loan Bank advances	20,500,000	20,000,000
Junior subordinated debenture	5,155,000	5,155,000
Advanced payment by borrowers for taxes and insurance	558,000	251,000
Official checks	205,000	130,000
Other liabilities	1,429,000	1,404,000
Total liabilities	119,988,000	124,511,000
Stockholders' equity:
Preferred stock, no par value; 6,000,000 shares authorized, 7 shares issued and outstanding in 2016 and 4 shares issued and outstanding in 2015
Common stock, $.01 par value; 5,000,000 shares authorized, 1,143,916 shares issued and outstanding in 2016 and 50,000,000 shares authorized, 9,628,863 shares issued and outstanding in 2015	11,000	96,000
Additional paid-in capital	34,215,000	33,330,000
Accumulated deficit	(30,652,000)	(30,321,000)
Accumulated other comprehensive income (loss)	86,000	(138,000)
Total stockholders' equity	3,660,000	2,967,000
Total liabilities and stockholders' equity	$ 123,648,000	$ 127,478,000