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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Assets    
Cash and due from banks $ 1,713 $ 1,940
Interest-bearing demand deposits 28,889 26,349
Total cash and cash equivalents 30,602 28,289
Interest-bearing time deposits 1,250 2,000
Securities available-for-sale, at fair value (amortized cost of $192,697 and $137,727, respectively) 190,767 137,518
Loans held-for-sale (includes $28,494 and $32,618 at fair value, respectively) 29,872 34,671
Loans receivable 814,243 732,426
Allowance for loan losses (7,073) (5,800)
Net loans receivable 807,170 726,626
Accrued interest receivable 3,550 2,833
Federal Home Loan Bank of Indianapolis stock 6,946 5,350
Cash surrender value of bank-owned life insurance 12,524 12,325
Premises and equipment, net 8,120 7,061
Goodwill 4,687 4,687
Other real estate owned 4,488 4,488
Accrued income and other assets 4,669 4,655
Total assets 1,104,645 970,503
Liabilities and Shareholders’ Equity    
Noninterest-bearing deposits 20,994 21,790
Interest-bearing deposits 835,509 736,808
Total deposits 856,503 758,598
Advances from Federal Home Loan Bank 140,935 106,897
Subordinated debt 2,915 2,873
Accrued interest payable 108 97
Accrued expenses and other liabilities 4,276 5,253
Total liabilities 1,004,737 873,718
Shareholders’ Equity    
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none 0 0
Retained earnings 28,928 25,146
Accumulated other comprehensive loss (1,238) (135)
Total shareholders’ equity 99,908 96,785
Total liabilities and shareholders’ equity 1,104,645 970,503
Voting Common Stock    
Shareholders’ Equity    
Common stock 72,218 71,774
Nonvoting Common Stock    
Shareholders’ Equity    
Common stock $ 0 $ 0