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
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 10,970 $ 11,758
Interest bearing balances in financial institutions 16,919 9,256
Federal funds sold 102 110
Total cash and cash equivalents 27,991 21,124
Securities available-for-sale 216,476 194,296
Loans held-for-sale 2,082 136
Loans receivable 491,638 437,821
Less: allowance for loan losses (6,231) (7,189)
Net loans receivable 485,407 430,632
Federal Home Loan Bank stock 4,392 3,086
Accrued interest receivable 2,663 2,480
Premises and equipment 17,809 17,260
Foreclosed real estate 1,814 1,084
Cash value of bank owned life insurance 16,706 16,396
Goodwill 1,611 0
Other assets 4,755 6,959
Total assets 781,706 693,453
Deposits:    
Non-interest bearing 86,348 73,430
Interest bearing 544,897 499,463
Total 631,245 572,893
Repurchase agreements 25,540 14,031
Borrowed funds 38,683 30,898
Accrued expenses and other liabilities 12,138 8,870
Total liabilities 707,606 626,692
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: September 30, 2014 - 2,901,377 December 31, 2013 - 2,897,202 shares outstanding: September 30, 2014 - 2,844,167 December 31, 2013 - 2,841,164 361 361
Additional paid in capital 4,047 4,032
Accumulated other comprehensive income/(loss) 555 (3,151)
Retained earnings 69,137 65,519
Total stockholders' equity 74,100 66,761
Total liabilities and stockholders' equity $ 781,706 $ 693,453