XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (Current Period Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Cash and due from banks:    
Noninterest bearing deposits and cash $ 1,584 $ 1,570
Interest bearing deposits 58,345 33,296
Total cash and cash equivalents 59,929 34,866
Securities:    
Available for sale securities, at fair value (Note 2) 35,686 37,701
Other Investments 4,450 4,450
Federal Reserve Bank stock, at cost 1,517 1,444
Federal Home Loan Bank stock, at cost 4,143 4,143
Total securities 45,796 47,738
Loans receivable (net of allowance for loan losses: 2014: $5,214 2013: $5,681) (Note 3) 402,786 418,148
Accrued interest and dividends receivable 1,555 1,566
Premises and equipment, net 18,227 15,061
Cash surrender value of life insurance 22,262 22,025
Deferred tax asset (Note 6) 0 0
Other assets 1,498 1,844
Total assets 552,053 541,248
Deposits (Note 4):    
Noninterest bearing deposits 61,685 55,358
Interest bearing deposits 364,747 374,846
Total deposits 426,432 430,204
Federal Home Loan Bank borrowings 72,000 57,000
Junior subordinated debt owed to unconsolidated trust 8,248 8,248
Accrued expenses and other liabilities 2,057 3,955
Total liabilities 508,737 499,407
Commitments and Contingencies (Note 9)      
Shareholders' equity (Notes 5 and 10)    
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.01 par value, 100,000,000 shares authorized; 2014: 39,172,332 shares issued; 39,160,627 shares outstanding. 2013 :38,786,680 shares issued; 38,774,975 shares outstanding 392 388
Additional paid-in capital 105,610 105,484
Accumulated deficit (61,840) (62,684)
Less: Treasury stock, at cost: 2014 and 2013, 11,705 shares (160) (160)
Accumulated other comprehensive income (686) (1,187)
Total shareholders' equity 43,316 41,841
Total liabilities and shareholders' equity $ 552,053 $ 541,248