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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Cash and due from banks $ 28,690 $ 25,878
Interest-earning deposits in other banks 66,581 85,956
Federal funds sold 260 218
Total cash and cash equivalents 95,531 112,052
Available-for-sale investment securities (Amortized cost of $419,372 at March 31, 2014 and $447,108 at December 31, 2013) 422,073 443,224
Held-to-maturity investment securities (Fair value of $32,047 at March 31, 2014) 31,589 0
Loans, less allowance for credit losses of $8,321 at March 31, 2014 and $9,208 at December 31, 2013 506,100 503,149
Bank premises and equipment, net 10,561 10,541
Other real estate owned 0 190
Bank owned life insurance 20,489 19,443
Federal Home Loan Bank stock 4,499 4,499
Goodwill 29,917 29,917
Core deposit intangibles 1,596 1,680
Accrued interest receivable and other assets 17,147 20,940
Total assets 1,139,502 1,145,635
Deposits:    
Non-interest bearing 354,377 356,392
Interest bearing 636,619 647,751
Total deposits 990,996 1,004,143
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 17,183 16,294
Total liabilities 1,013,334 1,025,592
Commitments and contingencies (Note 9)      
Shareholders’ equity:    
Preferred stock, no par value, $1,000 per share liquidation preference; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 10,925,085 at March 31, 2014 and 10,914,680 at December 31, 2013 54,016 53,981
Retained earnings 70,418 68,348
Accumulated other comprehensive income (loss), net of tax 1,734 (2,286)
Total shareholders’ equity 126,168 120,043
Total liabilities and shareholders’ equity $ 1,139,502 $ 1,145,635