Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 10,482 $ 8,057
Interest bearing deposits in other financial institutions 628 5,866
Federal funds sold 86 8,040
Total cash and cash equivalents 11,196 21,963
Securities available-for-sale 232,872 220,053
Loans held-for-sale 223 2,913
Loans receivable 552,920 488,153
Less: allowance for loan losses (6,725) (6,361)
Net loans receivable 546,195 481,792
Federal Home Loan Bank stock 3,000 3,681
Accrued interest receivable 2,842 2,727
Premises and equipment 18,628 17,724
Foreclosed real estate 1,411 1,745
Cash value of bank owned life insurance 18,308 16,814
Goodwill 2,561 1,611
Other assets 4,954 4,021
Total assets 842,190 775,044
Deposits:    
Non-interest bearing 99,487 80,352
Interest bearing 598,969 553,594
Total 698,456 633,946
Repurchase agreements 21,447 17,525
Borrowed funds 32,195 36,381
Accrued expenses and other liabilities 10,014 11,027
Total liabilities 762,112 698,879
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, 2015 - 2,907,455 December 31, 2014 - 2,900,205 shares outstanding: September 30, 2015 - 2,851,417 December 31, 2014 - 2,844,167 361 361
Additional paid-in capital 4,134 4,062
Accumulated other comprehensive income 1,859 1,588
Retained earnings 73,724 70,154
Total stockholders' equity 80,078 76,165
Total liabilities and stockholders' equity $ 842,190 $ 775,044