Financial Statements
Consolidated Reports of Financial Condition
Dollar Amounts in Thousands
As of December 31
Assets
2016
2015
Cash and balances due from banks
$48,515
$40,800
Securities - Available-for-sale
1,011
1,014
Loans receivable
299,805
281,753
Less: Allowance for loan losses
2,228
2,110
Loans receivable, net
297,577
279,643
Premises and fixed assets
9,197
9,751
Other real estate owned
—
—
Goodwill
13,785
13,785
Other assets
6,838
7,397
Liabilities and Equity Capital
2016
2015
Interest-bearing deposits
$230,593
$211,921
Noninterest-bearing deposits
90,329
80,977
Other borrowed money
4,000
10,000
Other liabilities
8,132
7,800
Total liabilities
310,698
288,953
Bank equity capital
310,698
310,698
Total equity capital
43,869
41,692