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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS:    
Cash and due from banks $ 1,409 $ 1,634
Interest earning demand deposits 5,542 5,773
Total cash and cash equivalents 6,951 7,407
Available-for-sale securities, at fair value 19,053 17,747
Held-to-maturity securities, at amortized cost (fair value of $,6,959 and $7,384, respectively) 6,919 7,420
Investment in restricted stock, at cost 3,498 2,886
Loans held for sale 4,180 2,059
Loans 254,291 227,182
Less: Allowance for loan losses (1,186) (990)
Loans receivable, net 253,105 226,192
Bank owned life insurance 3,743 3,696
Accrued interest receivable 798 652
Premises and equipment, net 3,172 3,175
Other assets 3,165 2,487
Total assets 304,584 273,721
Deposits:    
Non-interest bearing 8,016 8,423
Interest bearing 191,537 174,511
Total deposits 199,553 182,934
Short-term borrowings 14,500 6,000
Long-term borrowings 55,023 50,813
Official bank checks 2,675 318
Other liabilities 1,520 1,797
Total liabilities 273,271 241,862
Stockholders' equity:    
Preferred stock - par value $0.01; 25,000,000 shares authorized, no shares issued and outstanding
Common stock, par value $0.01; 50,000,000 authorized shares; 1,872,753 and 1,941,688 shares issued and outstanding, respectively 18 19
Paid-in capital 15,314 16,352
Retained earnings 16,376 15,923
Accumulated other comprehensive loss (71) (85)
Unearned ESOP shares, at cost (324) (350)
Total stockholders' equity 31,313 31,859
Total liabilities and stockholders' equity $ 304,584 $ 273,721