Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 9,709 $ 11,758
Interest bearing balances in financial institutions 21,094 9,256
Federal funds sold 91 110
Total cash and cash equivalents 30,894 21,124
Securities available-for-sale 198,200 194,296
Loans held-for-sale 1,693 136
Loans receivable 453,045 437,821
Less: allowance for loan losses (7,443) (7,189)
Net loans receivable 445,602 430,632
Federal Home Loan Bank stock 3,967 3,086
Accrued interest receivable 2,565 2,480
Premises and equipment 17,129 17,260
Foreclosed real estate 1,119 1,084
Cash value of bank owned life insurance 16,499 16,396
Other assets 5,928 6,959
Total assets 723,596 693,453
Deposits:    
Non-interest bearing 82,760 73,430
Interest bearing 509,044 499,463
Total 591,804 572,893
Repurchase agreements 15,940 14,031
Borrowed funds 38,248 30,898
Accrued expenses and other liabilities 7,849 8,870
Total liabilities 653,841 626,692
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: March 31, 2014 - 2,900,877 December 31, 2013 - 2,897,202 shares outstanding: March 31, 2014 - 2,844,839 December 31, 2013 - 2,841,164 361 361
Additional paid in capital 5,244 5,229
Accumulated other comprehensive income (1,350) (3,151)
Retained earnings 66,697 65,519
Treasury stock, common shares at cost: March 31, 2014 - 56,038 December 31, 2013 - 56,038 (1,197) (1,197)
Total stockholders' equity 69,755 66,761
Total liabilities and stockholders' equity $ 723,596 $ 693,453