Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 16,429 $ 10,529
Interest bearing deposits in other financial institutions 2,524 139
Federal funds sold 839 357
Total cash and cash equivalents 19,792 11,025
Certificates of deposit in other financial institutions 1,526 1,676
Securities available-for-sale 238,164 244,490
Loans held-for-sale 4,329 1,592
Loans receivable 646,288 620,211
Less: allowance for loan losses (7,448) (7,482)
Net loans receivable 638,840 612,729
Federal Home Loan Bank stock 3,017 3,000
Accrued interest receivable 3,253 3,262
Premises and equipment 19,221 19,559
Foreclosed real estate 1,087 1,699
Cash value of bank owned life insurance 19,583 19,355
Goodwill 2,792 2,792
Other assets 7,347 6,080
Total assets 958,951 927,259
Deposits:    
Non-interest bearing 120,418 120,556
Interest bearing 685,559 672,448
Total 805,977 793,004
Repurchase agreements 14,236 11,300
Borrowed funds 35,679 20,881
Accrued expenses and other liabilities 12,482 10,014
Total liabilities 868,374 835,199
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, 2018 - 2,924,978 December 31, 2017 - 2,920,545 shares outstanding: June 30, 2018 - 2,867,911 December 31, 2017 - 2,864,507 361 361
Additional paid-in capital 4,565 4,506
Accumulated other comprehensive income/(loss) (4,237) 684
Retained earnings 89,888 86,509
Total stockholders' equity 90,577 92,060
Total liabilities and stockholders' equity $ 958,951 $ 927,259