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
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 13,137 $ 11,758
Interest bearing balances in financial institutions 17,628 9,256
Federal funds sold 200 110
Total cash and cash equivalents 30,965 21,124
Securities available-for-sale 209,379 194,296
Loans held-for-sale 1,830 136
Loans receivable 489,960 437,821
Less: allowance for loan losses (6,176) (7,189)
Net loans receivable 483,784 430,632
Federal Home Loan Bank stock 4,392 3,086
Accrued interest receivable 2,680 2,480
Premises and equipment 17,951 17,260
Foreclosed real estate 1,402 1,084
Cash value of bank owned life insurance 16,601 16,396
Goodwill 1,611 0
Other assets 5,732 6,959
Total assets 776,327 693,453
Deposits:    
Non-interest bearing 84,551 73,430
Interest bearing 555,079 499,463
Total 639,630 572,893
Repurchase agreements 18,437 14,031
Borrowed funds 38,964 30,898
Accrued expenses and other liabilities 6,586 8,870
Total liabilities 703,617 626,692
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: June 30, 2014 - 2,901,377 December 31, 2013 - 2,897,202 shares outstanding: June 30, 2014 - 2,844,167 December 31, 2013 - 2,841,164 361 361
Additional paid in capital 4,032 4,032
Accumulated other comprehensive income/(loss) 382 (3,151)
Retained earnings 67,935 65,519
Total stockholders' equity 72,710 66,761
Total liabilities and stockholders' equity $ 776,327 $ 693,453