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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 3,517 $ 4,539
Interest-bearing deposits 82,273 43,442
Total cash and cash equivalents 85,790 47,981
Securities available-for-sale, at fair value (amortized cost of $491,726 and $481,357 in 2018 and 2017, respectively) 468,997 473,275
Securities held-to-maturity, at amortized cost (fair value of $19,510 and $19,083 in 2018 and 2017, respectively) 20,200 19,209
Loans held-for-sale (includes $23,493 and $23,571 at fair value in 2018 and 2017, respectively) 23,493 51,407
Loans 2,493,622 2,091,193
Allowance for loan losses (16,704) (14,970)
Net loans 2,476,918 2,076,223
Accrued interest receivable 14,472 11,944
Federal Home Loan Bank of Indianapolis stock 22,050 19,575
Cash surrender value of bank-owned life insurance 35,819 35,105
Premises and equipment, net 10,041 10,058
Goodwill 4,687 4,687
Other real estate owned 5,041 5,041
Accrued income and other assets 35,410 13,182
Total assets 3,202,918 2,767,687
Liabilities and Shareholders’ Equity    
Noninterest-bearing deposits 42,750 44,686
Interest-bearing deposits 2,403,814 2,040,255
Total deposits 2,446,564 2,084,941
Advances from Federal Home Loan Bank 425,160 410,176
Subordinated debt, net of unamortized discounts and debt issuance costs of $1,163 and $1,274 in 2018 and 2017, respectively 33,837 36,726
Accrued interest payable 887 311
Accrued expenses and other liabilities 8,730 11,406
Total liabilities 2,915,178 2,543,560
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none 0 0
Retained earnings 74,733 57,103
Accumulated other comprehensive loss (14,447) (5,019)
Total shareholders’ equity 287,740 224,127
Total liabilities and shareholders’ equity 3,202,918 2,767,687
Voting Common Stock    
Shareholders’ Equity    
Common stock 227,454 172,043
Nonvoting Common Stock    
Shareholders’ Equity    
Common stock $ 0 $ 0