Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 9,541 $ 15,338
Interest bearing deposits in other financial institutions 5,145 29,556
Federal funds sold 1,098 215
Total cash and cash equivalents 15,784 45,109
Securities available-for-sale 237,279 233,625
Loans held-for-sale 841 2,193
Loans receivable 596,100 583,650
Less: allowance for loan losses (6,834) (7,698)
Net loans receivable 589,266 575,952
Federal Home Loan Bank stock 3,000 3,000
Accrued interest receivable 2,895 3,086
Premises and equipment 19,666 19,287
Foreclosed real estate 2,621 2,665
Cash value of bank owned life insurance 19,010 18,895
Goodwill 2,792 2,792
Other assets 6,029 7,022
Total assets 899,183 913,626
Deposits:    
Non-interest bearing 118,137 111,800
Interest bearing 652,492 667,971
Total 770,629 779,771
Repurchase agreements 12,096 13,998
Borrowed funds 21,493 25,828
Accrued expenses and other liabilities 8,538 9,921
Total liabilities 812,756 829,518
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, 2017 - 2,920,770 December 31, 2016 - 2,916,195 shares outstanding: March 31, 2017 - 2,864,732 December 31, 2016 - 2,860,157 361 361
Additional paid-in capital 4,348 4,300
Accumulated other comprehensive loss (730) (1,506)
Retained earnings 82,448 80,953
Total stockholders' equity 86,427 84,108
Total liabilities and stockholders' equity $ 899,183 $ 913,626