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Consolidated Statement of Financial Condition (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets    
Cash and due from banks $ 54,421 $ 32,895
Interest bearing deposits in banks 7,638 10,168
Cash and cash equivalents 62,059 43,063
Investment securities - available-for-sale (at fair value) 205,258 336,589
Investment securities - held to maturity (fair value $107,161 at June 30, 2014 and $3,590 at December 31, 2013, respectively) 107,586 3,900
Restricted investment in bank stock, at cost 7,480 7,913
Loans 825,138 810,240
Allowance for loan losses (12,463) (13,594)
Net loans 812,675 796,646
Premises and equipment, net 26,312 26,905
Goodwill and other intangible assets, net 11,004 11,004
Bank owned life insurance 32,901 32,413
Deferred tax assets 23,106 29,209
Other real estate owned 12,288 17,031
Accrued interest receivable and other assets 26,906 28,830
Total Assets 1,327,575 1,333,503
Liabilities:    
Non-interest bearing deposits 193,983 175,863
Interest bearing deposits 784,757 801,540
Total deposits 978,740 977,403
Short-term borrowings 37,913 43,676
Long-term borrowings 182,640 182,672
Accrued interest payable and other liabilities 16,371 28,412
Total Liabilities 1,215,664 1,232,163
Shareholders' Equity:    
Preferred stock - no par value; Authorized 2,000 shares of which 30 shares of Series A, $1,000 per share liquidation preference, 5% cumulative increasing to 9% cumulative on February 15, 2014, were issued and outstanding on June 30, 2014 and December 31, 2013 (discount of $0 and $6, respectively) 30,000 29,994
Common stock - par value $.01 per share; Authorized 25,000 shares; issued and outstanding 6,228 shares at June 30, 2014 and 6,211 at December 31, 2013, respectively 62 62
Surplus 21,717 21,661
Retained earnings 75,184 73,836
Accumulated other comprehensive loss (15,052) (24,213)
Total Shareholders' Equity 111,911 101,340
Total Liabilities and Shareholders' Equity $ 1,327,575 $ 1,333,503