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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Cash and due from banks $ 30,504 $ 25,878
Interest-earning deposits in other banks 36,096 85,956
Federal funds sold 295 218
Total cash and cash equivalents 66,895 112,052
Available-for-sale investment securities (Amortized cost of $434,162 at June 30, 2014 and $447,108 at December 31, 2013) 441,223 443,224
Held-to-maturity investment securities (Fair value of $33,666 at June 30, 2014) 31,711 0
Loans, less allowance for credit losses of $7,307 at June 30, 2014 and $9,208 at December 31, 2013 537,848 503,149
Bank premises and equipment, net 10,540 10,541
Other real estate owned 0 190
Bank owned life insurance 20,647 19,443
Federal Home Loan Bank stock 4,791 4,499
Goodwill 29,917 29,917
Core deposit intangibles 1,512 1,680
Accrued interest receivable and other assets 15,604 20,940
Total assets 1,160,688 1,145,635
Deposits:    
Non-interest bearing 351,341 356,392
Interest bearing 657,871 647,751
Total deposits 1,009,212 1,004,143
Junior subordinated deferrable interest debentures 5,155 5,155
Accrued interest payable and other liabilities 15,390 16,294
Total liabilities 1,029,757 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: 10,927,925 at June 30, 2014 and 10,914,680 at December 31, 2013 54,066 53,981
Retained earnings 72,565 68,348
Accumulated other comprehensive income (loss), net of tax 4,300 (2,286)
Total shareholders’ equity 130,931 120,043
Total liabilities and shareholders’ equity $ 1,160,688 $ 1,145,635