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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and due from banks$ 12,472$ 5,782
Interest bearing deposits with banks25,5777,843
Federal funds sold 3,000
Cash and cash equivalents38,04916,625
Securities available for sale, at fair value145,734145,815
Securities held to maturity, fair value 2011: $177, 2010: $179171170
Loans receivable (net of unearned income)454,832356,855
Less: Allowance for loan losses5,3455,616
Net loans receivable449,487351,239
Investment in Federal Home Loan Bank Stock, at cost3,7823,361
Bank premises and equipment, net7,6014,904
Bank owned life insurance11,7678,249
Accrued interest receivable2,7582,166
Foreclosed real estate owned3,355748
Goodwill9,48313
Other intangibles840 
Other assets5,8543,715
TOTAL ASSETS678,881537,005
LIABILITIES  
Deposits: Non-interest bearing demand78,50062,238
Deposits: Interest-bearing448,013331,627
Total deposits526,513393,865
Short-term borrowings31,97633,309
Other borrowings27,71638,000
Accrued interest payable1,4891,536
Other liabilities4,2742,597
TOTAL LIABILITIES591,968469,307
STOCKHOLDERS' EQUITY  
Common stock, $.10 par value per share, authorized 10,000,000; shares issued 2011: 3,371,866 shares, 2010: 2,840,872 shares337284
Surplus24,6479,826
Retained earnings61,29658,648
Treasury stock at cost: 2011: 79,500 shares, 2010: 72,068 shares(2,404)(2,197)
Accumulated other comprehensive income3,0371,137
TOTAL STOCKHOLDERS' EQUITY86,91367,698
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 678,881$ 537,005