Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and due from banks $ 1,063 $ 1,940
Interest-bearing demand deposits 24,089 26,349
Total cash and cash equivalents 25,152 28,289
Interest-bearing time deposits 1,000 2,000
Securities available-for-sale - at fair value (amortized cost of $215,576 in 2015 and $137,727 in 2014) 213,698 137,518
Loans held-for-sale (includes $24,065 and $32,618 at fair value in 2015 and 2014, respectively) 36,518 34,671
Loans receivable 953,859 732,426
Allowance for loan losses (8,351) (5,800)
Net loans receivable 945,508 726,626
Accrued interest receivable 4,105 2,833
Federal Home Loan Bank of Indianapolis stock 8,595 5,350
Cash surrender value of bank-owned life insurance 12,727 12,325
Premises and equipment, net 8,521 7,061
Goodwill 4,687 4,687
Other real estate owned 4,488 4,488
Accrued income and other assets 4,871 4,655
Total assets 1,269,870 970,503
Liabilities    
Noninterest-bearing deposits 23,700 21,790
Interest-bearing deposits 932,354 736,808
Total deposits 956,054 758,598
Advances from Federal Home Loan Bank 190,957 106,897
Subordinated debt, net of unamortized discounts and debt issuance costs of $276 and $127 in 2015 and 2014, respectively 12,724 2,873
Accrued interest payable 117 97
Accrued expenses and other liabilities 5,688 5,253
Total liabilities $ 1,165,540 $ 873,718
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none $ 0 $ 0
Retained earnings 32,980 25,146
Accumulated other comprehensive loss (1,209) (135)
Total shareholders’ equity 104,330 96,785
Total liabilities and shareholders’ equity 1,269,870 970,503
Voting Common Stock    
Shareholders’ Equity    
Voting and nonvoting common stock 72,559 71,774
Nonvoting Common Stock    
Shareholders’ Equity    
Voting and nonvoting common stock $ 0 $ 0