XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (Current Period Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and noninterest-bearing deposits with banks $ 8,817 $ 10,617
Interest-bearing deposits with banks 31,157 35,034
Total cash and cash equivalents 39,974 45,651
Securities available for sale 89,949 94,965
Securities held to maturity (estimated fair value: 2013 - $23,920; 2012 - $24,624) 23,746 23,511
Federal Home Loan Bank and Federal Reserve Bank stock 7,776 6,281
Total loans 551,445 558,288
Less: Allowance for loan losses (6,468) (6,905)
Net loans 544,977 551,383
Premises and equipment, net 8,438 8,680
Other real estate owned 2,925 3,667
Accrued interest receivable 2,044 2,057
Goodwill 1,267 1,267
Bank owned life insurance and annuity assets 24,650 25,056
Other assets 6,366 6,705
Total assets 752,112 769,223
LIABILITIES    
Noninterest-bearing deposits 144,476 139,526
Interest-bearing deposits 490,081 515,538
Total deposits 634,557 655,064
Other borrowed funds 19,764 14,285
Subordinated debentures 8,500 13,500
Accrued liabilities 11,150 10,554
Total liabilities 673,971 693,403
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)      
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 4,721,943 shares issued) 4,722 4,722
Additional paid-in capital 34,109 34,109
Retained earnings 55,000 51,094
Accumulated other comprehensive income 22 1,607
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 78,141 75,820
Total liabilities and shareholders’ equity $ 752,112 $ 769,223