Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 9,857 $ 9,915
Interest bearing deposits in other financial institutions 6,497 773
Federal funds sold 207 845
Total cash and cash equivalents 16,561 11,533
Securities available-for-sale 240,050 233,350
Loans held-for-sale 3,633 2,435
Loans receivable 594,631 571,898
Less: allowance for loan losses (7,504) (6,953)
Net loans receivable 587,127 564,945
Federal Home Loan Bank stock 3,000 3,000
Accrued interest receivable 2,903 3,000
Premises and equipment 18,754 18,942
Foreclosed real estate 1,123 1,590
Cash value of bank owned life insurance 18,780 18,426
Goodwill 2,792 2,561
Other assets 6,166 5,111
Total assets 900,889 864,893
Deposits:    
Non-interest bearing 107,917 100,031
Interest bearing 640,443 614,844
Total 748,360 714,875
Repurchase agreements 20,807 18,508
Borrowed funds 33,488 39,493
Accrued expenses and other liabilities 11,022 11,108
Total liabilities 813,677 783,984
Stockholders' Equity:    
Preferred stock, no par or stated value; 10,000,000 shares authorized, none outstanding 0 0
Common stock, no par or stated value; 10,000,000 shares authorized; shares issued: September 30, 2016 - 2,916,195 December 31, 2015 - 2,907,455 shares outstanding: September 30, 2016 - 2,860,157 December 31, 2015 - 2,851,417 0 0
Additional paid-in capital 4,624 4,519
Accumulated other comprehensive income 3,164 1,406
Retained earnings 79,424 74,984
Total stockholders' equity 87,212 80,909
Total liabilities and stockholders' equity $ 900,889 $ 864,893