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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
[1]
ASSETS    
Cash and due from banks $ 8,139 $ 7,685
Interest-earning deposits 15,869 18,981
Federal funds sold 596 625
Certificates of deposit 3,498 3,746
Available-for-sale securities, at fair value 81,169 82,232
Restricted securities 6,769 7,600
Loans receivable, net of allowance for loan losses of $7,479 and $7,902, respectively 909,913 894,191
Loans held for sale 593 368
Premises and equipment, net 21,001 18,169
Accrued interest receivable 3,191 3,172
Other real estate owned, net 3,168 3,597
Bank owned life insurance 19,511 19,270
Goodwill 10,374 10,374
Mortgage servicing rights 916 977
Deferred tax asset, net 1,128 1,510
Other assets 6,585 5,927
Total assets 1,094,260 1,080,617
LIABILITIES    
Noninterest-bearing demand deposits 116,229 114,122
Savings and interest-bearing demand deposits 374,175 359,400
Time deposits 385,218 368,670
Total deposits 875,622 842,192
Securities sold under repurchase agreements 6,983 6,089
Federal Home Loan Bank advances 70,000 100,000
Subordinated notes, net of issuance costs 6,902 6,893
Other liabilities 12,136 7,967
Total liabilities 971,643 963,141
SHAREHOLDERS’ EQUITY    
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,238,716 and 13,201,682 shares, respectively) [2] 66,662 66,008
Additional paid-in capital 36,699 36,972
Unearned employee stock ownership plan shares (1,668) (1,734)
Retained earnings 20,817 17,557
Accumulated other comprehensive income (loss), net 107 (1,327)
Total shareholders’ equity 122,617 117,476
Total liabilities and shareholders’ equity 1,094,260 1,080,617
Core Deposits    
ASSETS    
Intangible $ 1,840 $ 2,193
[1] Derived from audited December 31, 2018 Consolidated Financial Statements.
[2] Preferred stock is authorized; however, none was outstanding as of June 30, 2019 and December 31, 2018.