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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
[1]
ASSETS    
Cash and due from banks $ 8,319 $ 9,396
Interest-bearing deposits 28,263 41,971
Certificates of deposit 3,224 3,224
Federal funds sold 1,944 6,961
Available-for-sale securities, at fair value 74,322 77,153
Restricted securities 6,190 5,787
Loans receivable, net of allowance for loan losses of $7,113 and $7,770, respectively 794,443 758,726
Loans held for sale 669 1,651
Premises and equipment, net 18,079 17,463
Accrued interest receivable 2,954 3,194
Other real estate owned, net 3,501 4,284
Bank owned life insurance 19,024 18,773
Goodwill 10,374 10,374
Mortgage servicing rights 977 999
Core deposit intangible 2,576 2,991
Other assets 8,357 7,609
Total assets 983,216 970,556
LIABILITIES    
Noninterest-bearing deposits 108,943 103,037
Savings and interest-bearing demand deposits 296,206 299,820
Time deposits 369,917 358,989
Total deposits 775,066 761,846
Securities sold under repurchase agreements 7,008 9,498
Federal Home Loan Bank advances 70,000 70,000
Subordinated notes, net of issuance costs 6,885 6,877
Other liabilities 8,533 7,781
Total liabilities 867,492 856,002
SHAREHOLDERS’ EQUITY    
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,223,096 and 13,203,605 shares, respectively) [2] 66,130 66,018
Additional paid-in capital 37,207 37,142
Unearned employee stock ownership plan shares (1,047) (1,129)
Retained earnings 15,749 13,679
Accumulated other comprehensive loss, net (2,315) (1,156)
Total shareholders’ equity 115,724 114,554
Total liabilities and shareholders’ equity $ 983,216 $ 970,556
[1] Derived from audited December 31, 2017 Consolidated Financial Statements.
[2] Preferred stock is authorized; however, none was outstanding as of June 30, 2018 and December 31, 2017.