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Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 2,135 $ 1,746
Fed funds sold 418 2,742
Cash and cash equivalents 2,553 4,488
Available for sale securities, stated at fair value 44,169 43,751
Loans held for sale 679
Loans, net of allowance for loan and lease losses of $2,188 and $2,118, respectively 198,090 198,694
Premises and equipment, net 4,975 5,057
Foreclosed assets 69 69
FHLB stock, at cost 609 739
Accrued interest receivable 856 768
Cash value of life insurance 7,054 7,007
Other assets 1,212 1,474
TOTAL ASSETS 259,587 262,726
Liabilities and Equity    
Deposits 180,942 183,205
Advance payments by borrowers for taxes and insurance 430 55
FHLB advances 15,750 17,750
Accrued interest payable 364 70
Other liabilities 1,260 1,284
Total liabilities 198,746 202,364
Preferred stock ($0.01 par value, 1,000,000 authorized, no shares issued or outstanding as of March 31, 2019 and December 31, 2018, respectively)
Common stock ($0.01 par value, 19,000,000 authorized, 6,696,742 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively) 67 67
Additional paid in capital 28,406 28,326
Unallocated common stock of Employee Stock Ownership Plan ("ESOP") (240,063 and 243,303 shares at March 31, 2019 and December 31, 2018, respectively) (2,401) (2,433)
Retained earnings 35,244 34,995
Accumulated other comprehensive loss, net of income taxes (156) (593)
Less common stock repurchased, 29,436 and 0 shares at cost, at March 31, 2019 and December 31, 2018, respectively (319)
Total equity 60,841 60,362
TOTAL LIABILITIES AND EQUITY $ 259,587 $ 262,726