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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 10,848 $ 17,076
Federal funds sold 948 186
Total cash and cash equivalents 11,796 17,262
Investment securities available for sale 43,894 37,919
Loans held for sale 14,784 14,373
Loans    
Outstandings 337,100 306,771
Allowance for loan losses (3,373) (3,562)
Deferred fees and costs, net 660 670
Total loans, net 334,387 303,879
Other real estate owned, net of valuation allowance 2,926 6,249
Assets held for sale 841 12,631
Premises and equipment, net 12,758 13,671
Bank owned life insurance 7,093 7,130
Accrued interest receivable 2,274 2,060
Other assets 14,049 4,767
Total assets 444,802 419,941
Deposits    
Noninterest bearing demand 92,574 78,282
Interest bearing 290,703 286,566
Total deposits 383,277 364,848
Federal Home Loan Bank advances 2,400 6,000
Long-term debt - trust preferred securities 8,764 8,764
Other borrowings 81 508
Accrued interest payable 70 1,346
Other liabilities 6,596 8,116
Total liabilities 401,188 389,582
Shareholders' equity    
Preferred stock, $4 par value, $1,000 liquidation preference, 1,000,000 shares authorized; 5,715 shares issued and outstanding at December 31, 2016 and December 31, 2015 23 23
Common stock, $4 par value - 10,000,000 shares authorized; 1,428,261 shares issued and outstanding at December 31, 2016 1,417,775 shares issued and outstanding at December 31, 2015 5,629 5,562
Additional paid-in capital 58,643 58,497
Accumulated deficit (21,172) (33,948)
Common stock warrant 732 732
Stock in directors rabbi trust (1,034) (1,034)
Directors deferred fees obligation 1,034 1,034
Accumulated other comprehensive loss (241) (507)
Total shareholders' equity 43,614 30,359
Liabilities and Equity $ 444,802 $ 419,941