Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Jun. 30, 2016
ASSETS:    
Cash on hand and noninterest-bearing deposits in financial institutions $ 9,439 $ 8,164
Federal funds sold and interest-bearing deposits in financial institutions 473 2,017
Total cash and cash equivalents 9,912 10,181
Certificate of deposits in financial institutions 3,921 5,906
Securities, available-for-sale 142,086 133,369
Securities, held-to-maturity (fair value 2017 $4,329 and 2016 $3,619) 4,259 3,494
Federal bank and other restricted stocks, at cost 1,425 1,396
Loans held for sale 1,252 1,048
Total loans 272,867 256,278
Less allowance for loan losses (3,086) (3,566)
Net loans 269,781 252,712
Cash surrender value of life insurance 9,065 6,819
Premises and equipment, net 13,398 13,585
Other real estate owned 71
Accrued interest receivable and other assets 2,713 1,880
Total assets 457,883 430,390
LIABILITIES:    
Non-interest bearing demand 102,683 98,224
Interest bearing demand 54,123 48,810
Savings 151,154 134,606
Time 66,511 65,008
Total deposits 374,471 346,648
Short-term borrowings 23,986 19,129
Federal Home Loan Bank advances 12,320 17,281
Accrued interest payable and other liabilities 3,571 3,539
Total liabilities 414,348 386,597
Commitments and contingent liabilities (Note 11)
SHAREHOLDERS’ EQUITY:    
Preferred stock, no par value; 350,000 shares authorized 0 0
Common shares, no par value; 3,500,000 shares authorized; 2,854,133 shares issued as of June 30, 2017 and 2016 14,630 14,630
Retained earnings 30,122 28,432
Treasury stock, at cost (130,606 and 130,375 common shares at June 30, 2017 and 2016, respectively) (1,662) (1,658)
Accumulated other comprehensive income 445 2,389
Total shareholders’ equity 43,535 43,793
Total liabilities and shareholders’ equity $ 457,883 $ 430,390