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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Cash and due from banks $ 19,297 $ 22,405
Interest-earning deposits in other banks 58,472 30,123
Federal funds sold 309 428
Total cash and cash equivalents 78,078 52,956
Available-for-sale investment securities (Amortized cost of $357,955 at March 31, 2013 and $381,074 at December 31, 2012) 367,962 393,965
Loans, less allowance for credit losses of $9,489 at March 31, 2013 and $10,133 at December 31, 2012 381,476 385,185
Bank premises and equipment, net 6,313 6,252
Bank owned life insurance 12,258 12,163
Federal Home Loan Bank stock 3,850 3,850
Goodwill 23,577 23,577
Core deposit intangibles 533 583
Accrued interest receivable and other assets 12,312 11,697
Total assets 886,359 890,228
Deposits:    
Non-interest bearing 226,758 240,169
Interest bearing 510,001 511,263
Total deposits 736,759 751,432
Short-term borrowings 0 4,000
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 27,230 11,976
Total liabilities 769,144 772,563
Commitments and contingencies (Note 9)      
Shareholders’ equity:    
Preferred stock, no par value, $1,000 per share liquidation preference; 10,000,000 shares authorized, Series C, issued and outstanding: 7,000 shares at March 31, 2013 and December 31, 2012 7,000 7,000
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 9,559,446 at March 31, 2013 and 9,558,746 at December 31, 2012 40,612 40,583
Retained earnings 63,714 62,496
Accumulated other comprehensive income, net of tax 5,889 7,586
Total shareholders’ equity 117,215 117,665
Total liabilities and shareholders’ equity $ 886,359 $ 890,228