Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 8,199 $ 9,915
Interest bearing deposits in other financial institutions 511 773
Federal funds sold 1,215 845
Total cash and cash equivalents 9,925 11,533
Securities available-for-sale 239,895 233,350
Loans held-for-sale 1,505 2,435
Loans receivable 571,205 571,898
Less: allowance for loan losses (7,208) (6,953)
Net loans receivable 563,997 564,945
Federal Home Loan Bank stock 3,000 3,000
Accrued interest receivable 2,853 3,000
Premises and equipment 18,974 18,942
Foreclosed real estate 1,424 1,590
Cash value of bank owned life insurance 18,542 18,426
Goodwill 2,561 2,561
Other assets 4,682 5,111
Total assets 867,358 864,893
Deposits:    
Non-interest bearing 102,078 100,031
Interest bearing 616,618 614,844
Total 718,696 714,875
Repurchase agreements 16,825 18,508
Borrowed funds 33,927 39,493
Accrued expenses and other liabilities 14,108 11,108
Total liabilities 783,556 783,984
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, 2016 - 2,912,695 December 31, 2015 - 2,907,455 shares outstanding: March 31, 2016 - 2,856,657 December 31, 2015 - 2,851,417 0 0
Additional paid-in capital 4,549 4,519
Accumulated other comprehensive income 2,796 1,406
Retained earnings 76,457 74,984
Total stockholders' equity 83,802 80,909
Total liabilities and stockholders' equity $ 867,358 $ 864,893