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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 1,654 $ 39,396
Federal funds sold and interest-bearing deposits in other banks 39,981 27,718
Cash and cash equivalents 41,635 67,114
Securities available for sale, at fair value 3,129 0
Securities held to maturity (fair value of $58,959 at September 30, 2017 and $62,827 at December 31, 2016) 58,764 62,757
Loans held for sale, at fair value at September 30, 2017 4,871 10,307
Loans receivable 650,964 610,278
Allowance for loan losses (7,936) (8,969)
Loans, net 643,028 601,309
Real estate acquired through foreclosure 1,104 973
Restricted stock investments 4,699 5,103
Premises and equipment, net 23,398 24,030
Accrued interest receivable 2,503 2,249
Bank owned life insurance 5,023 0
Deferred income taxes 8,002 10,081
Other assets 5,174 3,562
Total assets 801,330 787,485
Deposits:    
Noninterest bearing 71,515 58,145
Interest-bearing 521,977 513,801
Total deposits 593,492 571,946
Short-term borrowings 4,950 0
Long-term borrowings 88,500 103,500
Subordinated debentures 20,619 20,619
Accrued expenses and other liabilities 1,759 3,490
Total liabilities 709,320 699,555
Stockholders' Equity:    
Common stock, $0.01 par value, 20,000,000 shares authorized; 12,245,425 and 12,123,179 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 122 121
Additional paid-in capital 65,290 63,960
Retained earnings 26,598 23,845
Accumulated other comprehensive loss (4) 0
Total stockholders' equity 92,010 87,930
Total liabilities and stockholders' equity 801,330 787,485
Series A Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized: Preferred stock series "A," 437,500 shares issued and outstanding and $3,500 liquidation preference at both September 30, 2017 and December 31, 2016 $ 4 $ 4