XML 40 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 8,496,000 $ 9,697,000
Interest-bearing deposits in banks 19,120,000 24,469,000
Total cash and cash equivalents 27,616,000 34,166,000
Investment securities available-for-sale, at fair value 204,719,000 204,966,000
Investment securities held-to-maturity, at amortized cost 34,290,000 29,120,000
Federal Home Loan Bank stock, at cost 515,000 738,000
Loans, net of allowance for loan losses of $4,345 and $6,168, respectively 237,715,000 259,516,000
Premises and equipment, net 11,708,000 9,764,000
Cash surrender value of bank-owned life insurance 14,213,000 13,975,000
Accrued interest receivable 1,790,000 2,235,000
Other real estate owned 6,656,000 7,735,000
Other assets 9,315,000 10,394,000
Total assets 548,537,000 572,609,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 463,266,000 483,659,000
Accrued interest expense 189,000 221,000
Other liabilities 7,624,000 8,131,000
Short-term borrowings 1,175,000 436,000
Long-term debt 0 5,000,000
Total liabilities $ 472,254,000 $ 497,447,000
Commitments and contingencies
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,329,060 shares issued; 6,038,554 and 6,034,059 shares outstanding, respectively $ 73,000 $ 73,000
Surplus 9,768,000 9,577,000
Accumulated other comprehensive income, net of tax 899,000 1,829,000
Retained earnings 86,373,000 84,582,000
Less treasury stock: 1,290,506 and 1,295,001 shares at cost, respectively (20,817,000) (20,886,000)
Noncontrolling interest (13,000) (13,000)
Total shareholders’ equity 76,283,000 75,162,000
Total liabilities and shareholders’ equity $ 548,537,000 $ 572,609,000