XML 41 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 9,227 $ 9,697
Interest bearing deposits in banks 15,826 24,469
Total cash and cash equivalents 25,053 34,166
Investment securities available-for-sale, at fair value 202,247 204,966
Investment securities held-to-maturity, at amortized cost 43,929 29,120
Federal Home Loan Bank stock, at cost 740 738
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively 244,993 259,516
Premises and equipment, net 10,929 9,764
Cash surrender value of bank-owned life insurance 14,133 13,975
Accrued interest receivable 1,931 2,235
Other real estate owned 7,168 7,735
Other assets 9,527 10,394
Total assets 560,650 572,609
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 471,141 483,659
Accrued interest expense 198 221
Other liabilities 7,543 8,131
Short-term borrowings 985 436
Long-term debt 5,000 5,000
Total liabilities $ 484,867 $ 497,447
Commitments and contingencies    
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,329,060 shares issued; 6,034,059 shares outstanding $ 73 $ 73
Surplus 9,691 9,577
Accumulated other comprehensive income, net of tax 968 1,829
Retained earnings 85,950 84,582
Less treasury stock: 1,295,001 shares at cost (20,886) (20,886)
Noncontrolling interest (13) (13)
Total shareholders’ equity 75,783 75,162
Total liabilities and shareholders’ equity $ 560,650 $ 572,609