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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS:    
Cash and due from banks $ 10,581 $ 10,144
Interest bearing deposits in banks 2,855 1,057
Total cash and cash equivalents 13,436 11,201
Securities available-for-sale, at fair value 124,065 142,165
Federal Home Loan Bank ("FHLB") stock 5,384 5,011
Federal Reserve Bank ("FRB") stock 2,526 2,033
Investment in Eagle Bancorp Statutory Trust I 155 155
Mortgage loans held-for-sale, at fair value 23,760 7,318
Loans receivable, net of deferred loan fees of $1,215 at June 30, 2019 and $1,098 at December 31, 2018 and allowance for loan losses of $7,750 at June 30, 2019 and $6,600 at December 31, 2018 744,684 610,333
Accrued interest and dividends receivable 4,903 3,479
Mortgage servicing rights, net 7,666 7,100
Premises and equipment, net 36,992 29,343
Cash surrender value of life insurance, net 23,724 20,545
Real estate and other repossessed assets acquired in settlement of loans, net 91 107
Goodwill 15,710 12,124
Core deposit intangible, net 3,136 1,498
Deferred tax asset, net 75 1,190
Other assets 1,418 301
Total assets 1,007,725 853,903
LIABILITIES:    
Noninterest bearing 183,116 142,788
Interest bearing 565,272 483,823
Total deposits 748,388 626,611
Accrued expenses and other liabilities 11,987 5,388
FHLB advances and other borrowings 106,748 102,222
Other long-term debt:    
Principal amount 25,155 25,155
Unamortized debt issuance costs (247) (279)
Total other long-term debt, net 24,908 24,876
Total liabilities 892,031 759,097
SHAREHOLDERS' EQUITY:    
Preferred stock (par value $0.01 per share; 1,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock (par value $0.01 per share; 20,000,000 and 8,000,000 shares authorized; 6,714,983 and 5,718,942 shares issued; 6,403,693 and 5,477,652 shares outstanding at June 30, 2019 and December 31, 2018, respectively) 67 57
Additional paid-in capital 68,535 52,051
Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (393) (477)
Treasury stock, at cost (3,850) (2,640)
Retained earnings 50,167 46,926
Accumulated other comprehensive income (loss), net of tax 1,168 (1,111)
Total shareholders' equity 115,694 94,806
Total liabilities and shareholders' equity $ 1,007,725 $ 853,903