CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
| ASSETS |
|
|
| Cash and due from banks |
$ 1,764
|
$ 1,871
|
| Interest-bearing deposits in other banks |
48,006
|
49,390
|
| Cash and cash equivalents |
49,770
|
51,261
|
| Interest-bearing time deposits with other banks |
134
|
131
|
| Investments in available-for-sale securities |
22,216
|
21,876
|
| Investments in held-to-maturity securities (fair value of $136,448 as of September 30, 2016 (unaudited) and $136,728 as of December 31, 2015) |
134,486
|
137,119
|
| Loans held for sale |
900
|
1,245
|
| Loans, net of allowance for loan losses of $12,969 as of September 30, 2016 (unaudited) and $11,240 as of December 31, 2015 |
1,786,362
|
1,534,957
|
| Federal Home Loan Bank stock, at cost |
24,475
|
18,309
|
| Premises and equipment, net |
2,449
|
2,657
|
| Accrued interest receivable |
4,262
|
3,781
|
| Deferred tax asset, net |
7,893
|
6,726
|
| Income taxes receivable |
897
|
|
| Bank-owned life insurance |
35,554
|
29,787
|
| Other assets |
4,351
|
5,067
|
| Total assets |
2,073,749
|
1,812,916
|
| Deposits: |
|
|
| Noninterest-bearing |
184,501
|
192,476
|
| Interest-bearing |
1,241,594
|
1,077,043
|
| Total deposits |
1,426,095
|
1,269,519
|
| Federal Home Loan Bank advances |
469,250
|
374,000
|
| Securities sold under agreements to repurchase |
3,772
|
3,695
|
| Other borrowed funds |
|
1,020
|
| Accrued interest payable |
1,013
|
993
|
| Deferred compensation liability |
7,102
|
6,434
|
| Income taxes payable |
|
184
|
| Other liabilities |
9,702
|
10,868
|
| Total liabilities |
1,916,934
|
1,666,713
|
| Stockholders' Equity: |
|
|
| Common stock; $0.01 par value per share, 100,000,000 shares authorized; 9,102,016 and 9,086,639 shares issued and outstanding at September 30, 2016 (unaudited) and December 31, 2015, respectively |
91
|
91
|
| Additional paid-in capital |
91,238
|
89,648
|
| Retained earnings |
69,188
|
60,517
|
| Accumulated other comprehensive income (loss) |
121
|
(116)
|
| Unearned compensation - ESOP |
(3,823)
|
(3,937)
|
| Total stockholders' equity |
156,815
|
146,203
|
| Total liabilities and stockholders' equity |
$ 2,073,749
|
$ 1,812,916
|