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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Cash and due from banks $ 16,492 $ 22,405
Interest-earning deposits in other banks 20,929 30,123
Federal funds sold 30 428
Total cash and cash equivalents 37,451 52,956
Available-for-sale investment securities (Amortized cost of $377,074 at June 30, 2013 and $381,074 at December 31, 2012) 374,840 393,965
Loans, less allowance for credit losses of $9,601 at June 30, 2013 and $10,133 at December 31, 2012 395,343 385,185
Bank premises and equipment, net 6,370 6,252
Bank owned life insurance 12,356 12,163
Federal Home Loan Bank stock 3,802 3,850
Goodwill 23,577 23,577
Core deposit intangibles 483 583
Accrued interest receivable and other assets 17,150 11,697
Total assets 871,372 890,228
Deposits:    
Non-interest bearing 222,181 240,169
Interest bearing 516,216 511,263
Total deposits 738,397 751,432
Short-term borrowings 0 4,000
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 16,278 11,976
Total liabilities 759,830 772,563
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 June 30, 2013 and December 31, 2012 7,000 7,000
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 9,649,600 at June 30, 2013 and 9,558,746 at December 31, 2012 41,422 40,583
Retained earnings 64,435 62,496
Accumulated other comprehensive (loss) income, net of tax (1,315) 7,586
Total shareholders’ equity 111,542 117,665
Total liabilities and shareholders’ equity $ 871,372 $ 890,228