Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 9,915 $ 8,057
Interest bearing deposits in other financial institutions 773 5,866
Federal funds sold 845 8,040
Total cash and cash equivalents 11,533 21,963
Securities available-for-sale 233,350 220,053
Loans held-for-sale 2,435 2,913
Loans receivable 571,898 488,153
Less: allowance for loan losses (6,953) (6,361)
Net loans receivable 564,945 481,792
Federal Home Loan Bank stock 3,000 3,681
Accrued interest receivable 3,000 2,727
Premises and equipment 18,942 17,724
Foreclosed real estate 1,590 1,745
Cash value of bank owned life insurance 18,426 16,814
Goodwill 2,561 1,611
Other assets 5,111 4,021
Total assets 864,893 775,044
Deposits:    
Non-interest bearing 100,031 80,352
Interest bearing 614,844 553,594
Total 714,875 633,946
Repurchase agreements 18,508 17,525
Borrowed funds 39,493 36,381
Accrued expenses and other liabilities 11,108 11,027
Total liabilities 783,984 698,879
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: December 31, 2015 - 2,907,455 December 31, 2014 - 2,900,205 shares outstanding: December 31, 2015 - 2,851,417 December 31, 2014 - 2,844,167 361 361
Additional paid-in capital 4,158 4,062
Accumulated other comprehensive income 1,406 1,588
Retained earnings 74,984 70,154
Total stockholders' equity 80,909 76,165
Total liabilities and stockholders' equity $ 864,893 $ 775,044