Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 13,878 $ 15,338
Interest bearing deposits in other financial institutions 10,588 29,556
Federal funds sold 3,293 215
Total cash and cash equivalents 27,759 45,109
Securities available-for-sale 240,748 233,625
Loans held-for-sale 2,677 2,193
Loans receivable 600,944 583,650
Less: allowance for loan losses (7,073) (7,698)
Net loans receivable 593,871 575,952
Federal Home Loan Bank stock 3,000 3,000
Accrued interest receivable 3,006 3,086
Premises and equipment 19,640 19,287
Foreclosed real estate 2,167 2,665
Cash value of bank owned life insurance 19,125 18,895
Goodwill 2,792 2,792
Other assets 6,458 7,022
Total assets 921,243 913,626
Deposits:    
Non-interest bearing 119,874 111,800
Interest bearing 667,107 667,971
Total 786,981 779,771
Repurchase agreements 15,635 13,998
Borrowed funds 19,610 25,828
Accrued expenses and other liabilities 9,709 9,921
Total liabilities 831,935 829,518
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: June 30, 2017 - 2,920,045 December 31, 2016 - 2,916,195 shares outstanding: June 30, 2017 - 2,864,007 December 31, 2016 - 2,860,157 361 361
Additional paid-in capital 4,391 4,300
Accumulated other comprehensive gain/(loss) 409 (1,506)
Retained earnings 84,147 80,953
Total stockholders' equity 89,308 84,108
Total liabilities and stockholders' equity $ 921,243 $ 913,626