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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 9,269 $ 5,782
Interest bearing deposits with banks 34,213 7,843
Federal funds sold 1,729 3,000
Cash and cash equivalents 45,211 16,625
Securities available for sale, at fair value 152,275 145,815
Securities held to maturity, fair value 2011: $178, 2010: $179 170 170
Loans receivable (net of unearned income) 464,646 356,855
Less: Allowance for loan losses 5,267 5,616
Net loans receivable 459,379 351,239
Investment in Federal Home Loan Bank Stock, at cost 3,981 3,361
Bank premises and equipment, net 7,672 4,904
Bank owned life insurance 11,648 8,249
Accrued interest receivable 2,539 2,166
Foreclosed real estate owned 1,755 748
Goodwill 9,483 13
Other intangibles 881 0
Other assets 8,801 3,715
TOTAL ASSETS 703,795 537,005
LIABILITIES    
Deposits: Non-interest bearing demand 73,718 62,238
Deposits: Interest-bearing 464,571 331,627
Total deposits 538,289 393,865
Short-term borrowings 32,181 33,309
Other borrowings 42,761 38,000
Accrued interest payable 1,473 1,536
Other liabilities 4,456 2,597
TOTAL LIABILITIES 619,160 469,307
STOCKHOLDERS' EQUITY    
Common stock, $.10 par value per share, authorized 10,000,000; shares issued 2011: 3,371,866 shares, 2010: 2,840,872 shares 337 284
Surplus 24,603 9,826
Retained earnings 60,036 58,648
Treasury stock at cost: 2011: 79,500 shares, 2010: 72,068 shares (2,404) (2,197)
Accumulated other comprehensive income 2,063 1,137
TOTAL STOCKHOLDERS' EQUITY 84,635 67,698
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 703,795 $ 537,005