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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 1,868 $ 1,063
Interest-bearing demand deposits 68,140 24,089
Total cash and cash equivalents 70,008 25,152
Interest-bearing time deposits 250 1,000
Securities available-for-sale, at fair value (amortized cost of $430,070 and $215,576 in 2016 and 2015, respectively) 433,806 213,698
Loans held-for-sale (includes $38,128 and $24,065 at fair value in 2016 and 2015, respectively) 44,503 36,518
Loans 1,111,622 953,859
Allowance for loan losses (10,016) (8,351)
Net loans 1,101,606 945,508
Accrued interest receivable 5,508 4,105
Federal Home Loan Bank of Indianapolis stock 8,595 8,595
Cash surrender value of bank-owned life insurance 12,932 12,727
Premises and equipment, net 9,267 8,521
Goodwill 4,687 4,687
Other real estate owned 4,488 4,488
Accrued income and other assets 6,818 4,871
Total assets 1,702,468 1,269,870
Liabilities and Shareholders’ Equity    
Noninterest-bearing deposits 28,066 23,700
Interest-bearing deposits 1,360,867 932,354
Total deposits 1,388,933 956,054
Advances from Federal Home Loan Bank 147,974 190,957
Subordinated debt, net of unamortized discounts and debt issuance costs of $222 and $276 in 2016 and 2015, respectively 12,778 12,724
Accrued interest payable 138 117
Accrued expenses and other liabilities 16,966 5,688
Total liabilities 1,566,789 1,165,540
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none 0 0
Retained earnings 37,630 32,980
Accumulated other comprehensive income (loss) 2,407 (1,209)
Total shareholders’ equity 135,679 104,330
Total liabilities and shareholders’ equity 1,702,468 1,269,870
Voting Common Stock    
Shareholders’ Equity    
Common stock 95,642 72,559
Nonvoting Common Stock    
Shareholders’ Equity    
Common stock $ 0 $ 0