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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS:    
Cash and due from banks $ 1,761 $ 1,634
Interest earning demand deposits 6,468 5,773
Total cash and cash equivalents 8,229 7,407
Available-for-sale securities, at fair value 18,395 17,747
Held-to-maturity securities, at amortized cost (fair value of $6,644 and $7,384, respectively) 6,598 7,420
Investment in restricted stock, at cost 2,909 2,886
Loans held for sale 2,412 2,059
Loans 243,172 227,182
Less: Allowance for loan losses (1,102) (990)
Loans receivable, net 242,070 226,192
Bank owned life insurance 3,727 3,696
Accrued interest receivable 699 652
Premises and equipment, net 3,199 3,175
Other assets 2,861 2,487
Total assets 291,099 273,721
Deposits:    
Non-interest bearing 9,128 8,423
Interest bearing 192,707 174,511
Total deposits 201,835 182,934
Short-term borrowings 5,500 6,000
Long-term borrowings 49,648 50,813
Official bank checks 595 318
Other liabilities 1,366 1,797
Total liabilities 258,944 241,862
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; 1,941,688 shares issued and outstanding 19 19
Paid-in capital 16,360 16,352
Retained earnings 16,174 15,923
Accumulated other comprehensive loss (66) (85)
Unearned ESOP shares, at cost (332) (350)
Total stockholders' equity 32,155 31,859
Total liabilities and stockholders' equity $ 291,099 $ 273,721