Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 11,354 $ 15,338
Interest bearing deposits in other financial institutions 2,306 29,556
Federal funds sold 468 215
Total cash and cash equivalents 14,128 45,109
Securities available-for-sale 243,552 233,625
Loans held-for-sale 2,007 2,193
Loans receivable 607,964 583,650
Less: allowance for loan losses (7,059) (7,698)
Net loans receivable 600,905 575,952
Federal Home Loan Bank stock 3,000 3,000
Accrued interest receivable 3,021 3,086
Premises and equipment 19,573 19,287
Foreclosed real estate 1,805 2,665
Cash value of bank owned life insurance 19,244 18,895
Goodwill 2,792 2,792
Other assets 6,320 7,022
Total assets 916,347 913,626
Deposits:    
Non-interest bearing 118,797 111,800
Interest bearing 638,763 667,971
Total 757,560 779,771
Repurchase agreements 15,946 13,998
Borrowed funds 41,421 25,828
Accrued expenses and other liabilities 10,293 9,921
Total liabilities 825,220 829,518
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: September 30, 2017 - 2,920,045 December 31, 2016 - 2,916,195 shares outstanding: September 30, 2017 - 2,864,007 December 31, 2016 - 2,860,157 361 361
Additional paid-in capital 4,442 4,300
Accumulated other comprehensive gain/(loss) 760 (1,506)
Retained earnings 85,564 80,953
Total stockholders' equity 91,127 84,108
Total liabilities and stockholders' equity $ 916,347 $ 913,626