Financial Statements

Consolidated Reports of Financial Condition

Dollar Amounts in Thousands

As of December 31

Assets

2017

2016

Cash and balances due from banks
$50,710
$48,515
Securities - Available-for-sale
998
1,011
Loans receivable
307,611
299,805
Less: Allowance for loan losses
2,272
2,228
Loans receivable, net
305,339
297,577
Premises and fixed assets
8,803
9,197
Other real estate owned
350
Goodwill
13,785
13,785
Other assets
6,009
6,838

Liabilities and Equity Capital

2017

2016

Interest-bearing deposits
$232,662
$230,593
Noninterest-bearing deposits
100,479
90,329
Other borrowed money
45
4,000
Other liabilities
6,203
8,132
Total liabilities
339,389
310,698
Total equity capital
46,605
43,869