Consolidated Statements of Financial Condition
At or for the three months ended
($ in thousands) Jun 30, Mar 31, Dec 31, Sept 30, Jun 30,
(unaudited) 2017 2017 2016 2016 2016
Assets
Cash and cash equivalents $ 34,199 $ 24,307 $ 57,941 $ 52,302 $ 13,007
Interest-bearing deposits in other financial
institutions 100 100 100 100 100
Securities available for sale 12,925 14,007 14,058 9,226 9,329
Loans held for sale 649 830 2,812 2,466 2,736
Loans and leases 372,807 367,916 353,050 336,269 330,977
Less allowance for loan and lease losses (6,958) (6,942) (6,925) (6,893) (6,613)
Loans and leases, net 365,849 360,974 346,125 329,376 324,364
FHLB and FRB stock 3,186 3,186 1,942 1,942 1,942
Foreclosed assets, net - 204 204 - -
Premises and equipment, net 3,394 3,409 3,429 3,494 3,530
Bank owned life insurance 4,997 4,963 4,930 4,896 4,863
Accrued interest receivable and other assets 6,310 4,481 4,571 4,592 4,882
Total assets $ 431,609 $ 416,461 $ 436,112 $ 408,394 $ 364,753
Liabilities and Stockholders' Equity
Deposits
Noninterest bearing $ 85,129 $ 72,001 $ 72,779 $ 53,515 $ 37,182
Interest bearing 284,182 276,244 302,585 292,339 258,846
Total deposits 369,311 348,245 375,364 345,854 296,028
FHLB advances 13,500 21,500 13,500 15,500 22,500
Advances by borrowers for taxes and insurance 104 132 408 349 198
Accrued interest payable and other liabilities 3,543 1,860 2,393 2,415 2,078
Subordinated debentures 5,155 5,155 5,155 5,155 5,155
Total liabilities 391,613 376,892 396,820 369,273 325,959
Stockholders' equity 39,996 39,569 39,292 39,121 38,794
Total liabilities and stockholders' equity $ 431,609 $ 416,461 $ 436,112 $ 408,394 $ 364,753
