Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 12,593 $ 9,915
Interest bearing deposits in other financial institutions 17,385 773
Federal funds sold 1,347 845
Total cash and cash equivalents 31,325 11,533
Securities available-for-sale 243,233 233,350
Loans held-for-sale 1,837 2,435
Loans receivable 586,127 571,898
Less: allowance for loan losses (7,337) (6,953)
Net loans receivable 578,790 564,945
Federal Home Loan Bank stock 3,000 3,000
Accrued interest receivable 3,001 3,000
Premises and equipment 18,840 18,942
Foreclosed real estate 1,116 1,590
Cash value of bank owned life insurance 18,663 18,426
Goodwill 2,792 2,561
Other assets 6,793 5,111
Total assets 909,390 864,893
Deposits:    
Non-interest bearing 99,273 100,031
Interest bearing 649,640 614,844
Total 748,913 714,875
Repurchase agreements 17,585 18,508
Borrowed funds 39,001 39,493
Accrued expenses and other liabilities 17,430 11,108
Total liabilities 822,929 783,984
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: June 30, 2016 - 2,916,195 December 31, 2015 - 2,907,455 shares outstanding: June 30, 2016 - 2,860,157 December 31, 2015 - 2,851,417 0 0
Additional paid-in capital 4,586 4,519
Accumulated other comprehensive income 3,979 1,406
Retained earnings 77,896 74,984
Total stockholders' equity 86,461 80,909
Total liabilities and stockholders' equity $ 909,390 $ 864,893