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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 2,314 $ 1,063
Interest-bearing demand deposits 65,511 24,089
Total cash and cash equivalents 67,825 25,152
Interest-bearing time deposits 250 1,000
Securities available-for-sale, at fair value (amortized cost of $469,539 and $215,576 in 2016 and 2015, respectively) 470,978 213,698
Securities held-to-maturity, at amortized cost (fair value of $5,578 and $0 in 2016 and 2015, respectively) 5,500 0
Loans held-for-sale (includes $31,196 and $24,065 at fair value in 2016 and 2015, respectively) 32,471 36,518
Loans 1,198,932 953,859
Allowance for loan losses (10,561) (8,351)
Net loans 1,188,371 945,508
Accrued interest receivable 5,848 4,105
Federal Home Loan Bank of Indianapolis stock 8,595 8,595
Cash surrender value of bank-owned life insurance 18,044 12,727
Premises and equipment, net 10,116 8,521
Goodwill 4,687 4,687
Other real estate owned 4,533 4,488
Accrued income and other assets 6,978 4,871
Total assets 1,824,196 1,269,870
Liabilities and Shareholders’ Equity    
Noninterest-bearing deposits 32,938 23,700
Interest-bearing deposits 1,460,663 932,354
Total deposits 1,493,601 956,054
Advances from Federal Home Loan Bank 147,978 190,957
Subordinated debt, net of unamortized discounts and debt issuance costs of $1,459 and $276 in 2016 and 2015, respectively 36,541 12,724
Accrued interest payable 125 117
Accrued expenses and other liabilities 8,797 5,688
Total liabilities 1,687,042 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 40,389 32,980
Accumulated other comprehensive income (loss) 926 (1,209)
Total shareholders’ equity 137,154 104,330
Total liabilities and shareholders’ equity 1,824,196 1,269,870
Voting Common Stock    
Shareholders’ Equity    
Common stock 95,839 72,559
Nonvoting Common Stock    
Shareholders’ Equity    
Common stock $ 0 $ 0