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Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 2,393 $ 3,285
Fed funds sold 8,528
Cash and cash equivalents 2,393 11,813
Available for sale securities, stated at fair value 55,135 58,012
Loans held for sale 109
Loans, net of allowance for loan and lease losses of $1,908 and $1,800, respectively 193,057 171,355
Premises and equipment, net 5,161 5,290
Foreclosed assets 619
FHLB stock, at cost 1,098 514
Accrued interest receivable 821 782
Cash value of life insurance 6,653 6,558
Other assets 1,593 1,429
TOTAL ASSETS 265,911 256,481
Liabilities and Equity    
Deposits 166,334 182,913
Advance payments by borrowers for taxes and insurance 812 36
FHLB advances 38,000 12,750
Accrued interest payable 360 37
Other liabilities 1,104 1,256
Total liabilities 206,610 196,992
Preferred stock ($0.01 par value, 1,000,000 authorized, no shares issued or outstanding as of June 30, 2018 and December 31, 2017, respectively)
Common stock ($0.01 par value, 19,000,000 authorized, 6,612,500 issued and outstanding as of June 30, 2018 and December 31, 2017, respectively) 66 66
Additional paid in capital 28,302 28,296
Unallocated common stock of Employee Stock Ownership Plan ("ESOP") (249,783 and 256,263 shares at June 30, 2018 and December 31, 2017, respectively) (2,498) (2,563)
Retained earnings 34,413 33,937
Accumulated other comprehensive loss, net of income taxes (982) (247)
Total equity 59,301 59,489
TOTAL LIABILITIES AND EQUITY $ 265,911 $ 256,481