XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Assets      
Cash and cash equivalents $ 20,117,000 $ 14,958,000 $ 14,904,000
Interest bearing deposits in other banks 787,000 1,638,000 681,000
Securities available for sale 317,900,000 291,614,000 299,900,000
Securities to be held to maturity (fair value of $166,269,000 at September 30, 2013, $150,247,000 at December 31, 2012 and $162,382,000 at September 30, 2012) 172,251,000 143,320,000 154,256,000
Restricted equity securities, at cost 13,912,000 14,448,000 14,448,000
Loans held for sale 1,555,000 1,035,000 0
Loans 862,073,000 869,284,000 869,871,000
Less allowance for loan losses 12,457,000 12,500,000 14,739,000
Total loans 849,616,000 856,784,000 855,132,000
Accrued interest receivable 5,353,000 4,912,000 5,425,000
Premises and equipment, net 23,667,000 22,988,000 18,376,000
Other real estate owned 3,760,000 7,593,000 5,471,000
Goodwill 29,805,000 29,805,000 27,684,000
Other assets 26,026,000 25,904,000 27,039,000
Total assets 1,464,749,000 1,414,999,000 1,423,316,000
Liabilities      
Demand deposits 110,007,000 90,252,000 89,500,000
NOW deposits 151,126,000 147,309,000 136,472,000
Money market deposits 96,313,000 80,983,000 74,805,000
Savings deposits 147,560,000 135,250,000 130,354,000
Certificates of deposit 532,460,000 505,056,000 513,416,000
Total deposits 1,037,466,000 958,850,000 944,547,000
Borrowed funds - short term 131,627,000 142,750,000 164,592,000
Borrowed funds - long term 135,150,000 140,155,000 140,157,000
Other liabilities 13,853,000 16,921,000 17,383,000
Total liabilities 1,318,096,000 1,258,676,000 1,266,679,000
Shareholders' equity      
Preferred stock, $1,000 preference value per share 0 12,402,000 12,377,000
Common stock, one cent par value per share 106,000 98,000 98,000
Additional paid-in capital 58,241,000 46,314,000 46,205,000
Retained earnings 92,633,000 89,692,000 88,541,000
Accumulated other comprehensive income (loss)      
Net unrealized gain (loss) on securities available-for-sale (4,212,000) 7,940,000 9,488,000
Net unrealized loss on postretirement benefit costs (115,000) (123,000) (72,000)
Total shareholders' equity 146,653,000 156,323,000 156,637,000
Total liabilities & shareholders' equity $ 1,464,749,000 $ 1,414,999,000 $ 1,423,316,000
Common Stock      
Number of shares authorized (shares) 18,000,000 18,000,000 18,000,000
Number of shares issued and outstanding (shares) 10,665,378 9,859,914 9,853,396
Book value per common share (usd per share) $ 13.75 $ 14.60 $ 14.64
Tangible book value per common share (usd per share) $ 10.88 $ 11.47 $ 11.83