Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 15,684 $ 10,848
Federal funds sold 15,026 948
Total cash and cash equivalents 30,710 11,796
Investment securities available for sale 44,834 43,894
Loans held for sale 5,641 14,784
Loans    
Outstandings 347,002 337,100
Allowance for loan losses (3,243) (3,373)
Deferred fees and costs, net 676 660
Total loans, net 344,435 334,387
Other real estate owned, net of valuation allowance 1,788 2,926
Assets held for sale 841 841
Premises and equipment, net 13,077 12,758
Bank owned life insurance 7,222 7,093
Accrued interest receivable 2,516 2,274
Other assets 13,642 14,049
Total assets 464,706 444,802
Deposits    
Noninterest bearing demand 103,396 92,574
Interest bearing 304,008 290,703
Total deposits 407,404 383,277
Federal Home Loan Bank advances 1,600 2,400
Long-term debt - trust preferred securities 8,764 8,764
Other borrowings 0 81
Accrued interest payable 142 70
Other liabilities 3,162 6,596
Total liabilities 421,072 401,188
Shareholders' equity    
Preferred stock, $4 par value, $1,000 liquidation preference, 1,000,000 shares authorized; 5,027 shares issued and outstanding at September 30, 2017 and 5,715 shares issued and outstanding at December 31, 2016 20 23
Common stock, $4 par value - 10,000,000 shares authorized; 1,430,854 shares issued and outstanding at September 30, 2017 and 1,428,261 shares issued and outstanding at December 31, 2016 5,661 5,629
Additional paid-in capital 58,028 58,643
Accumulated deficit (20,631) (21,172)
Common stock warrant 732 732
Stock in directors rabbi trust (1,010) (1,034)
Directors deferred fees obligation 1,010 1,034
Accumulated other comprehensive loss (176) (241)
Total shareholders' equity 43,634 43,614
Liabilities and Equity $ 464,706 $ 444,802