XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and due from banks $ 13,219 $ 21,626
Short-term investments 68,067 63,960
Cash and cash equivalents 81,286 85,586
Securities available-for-sale, at fair value 180,118 200,596
Loans and leases receivable, net of allowance for loan and lease losses of $13,901 and $15,400, respectively 967,050 896,560
Leasehold improvements and equipment, net 1,155 968
Foreclosed properties 333 1,574
Cash surrender value of bank-owned life insurance 23,142 22,272
Investment in Federal Home Loan Bank stock, at cost 1,255 1,144
Accrued interest receivable and other assets 14,316 17,408
Total assets 1,268,655 1,226,108
Liabilities and Stockholders’ Equity    
Deposits 1,129,855 1,092,254
Federal Home Loan Bank and other borrowings 11,936 12,405
Junior subordinated notes 10,315 10,315
Accrued interest payable and other liabilities 7,274 11,595
Total liabilities 1,159,380 1,126,569
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 4,106,084 and 4,011,370 shares issued, 3,943,997 and 3,916,667 shares outstanding at December 31, 2013 and 2012, respectively 41 40
Additional paid-in capital 56,002 53,504
Retained earnings 57,143 45,599
Accumulated other comprehensive (loss) income (342) 2,183
Treasury stock (162,087 and 94,703 shares at December 31, 2013 and 2012, respectively), at cost (3,569) (1,787)
Total stockholders’ equity 109,275 99,539
Total liabilities and stockholders’ equity $ 1,268,655 $ 1,226,108