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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 5,708 $ 7,080
Interest-bearing deposits 124,786 181,632
Total cash and cash equivalents 130,494 188,712
Securities available-for-sale, at fair value (amortized cost of $530,847 and $499,893 in 2019 and 2018, respectively) 520,382 481,345
Securities held-to-maturity, at amortized cost (fair value of $31,268 and $22,418 in 2019 and 2018, respectively) 31,222 22,750
Loans held-for-sale (includes $13,706 and $18,328 at fair value in 2019 and 2018, respectively) 13,706 18,328
Loans 2,839,928 2,716,228
Allowance for loan losses (18,841) (17,896)
Net loans 2,821,087 2,698,332
Accrued interest receivable 17,217 16,822
Federal Home Loan Bank of Indianapolis stock 23,625 23,625
Cash surrender value of bank-owned life insurance 36,293 36,059
Premises and equipment, net 13,737 10,697
Goodwill 4,687 4,687
Other real estate owned 2,619 2,619
Accrued income and other assets 55,107 37,716
Total assets 3,670,176 3,541,692
Liabilities and Shareholders’ Equity    
Noninterest-bearing deposits 45,878 43,301
Interest-bearing deposits 2,765,230 2,628,050
Total deposits 2,811,108 2,671,351
Advances from Federal Home Loan Bank 495,146 525,153
Subordinated debt, net of unamortized discounts and debt issuance costs of $1,089 and $1,125 in 2019 and 2018, respectively 33,911 33,875
Accrued interest payable 1,549 1,108
Accrued expenses and other liabilities 34,449 21,470
Total liabilities 3,376,163 3,252,957
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none 0 0
Retained earnings 81,946 77,689
Accumulated other comprehensive loss (14,168) (16,541)
Total shareholders’ equity 294,013 288,735
Total liabilities and shareholders’ equity 3,670,176 3,541,692
Voting Common Stock    
Shareholders’ Equity    
Common stock 226,235 227,587
Nonvoting Common Stock    
Shareholders’ Equity    
Common stock $ 0 $ 0