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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and due from depository institutions $ 26,938 $ 14,160
Interest bearing deposits 1,716 1,716
Short-term investments in money market funds 6,129 3,461
Cash and cash equivalents 34,783 19,337
Investment securities:    
Available for sale 182,923 164,811
Held to maturity (fair value $12,914 at December 31, 2011 and $8,267 at December 31, 2010) 12,280 7,824
Loans held for sale 7,110 7,405
Loans 664,189 671,253
Less: Unearned income 452 477
Allowance for loan losses 14,623 19,765
Net loans 649,114 651,011
Premises and equipment, net 10,674 10,485
Accrued income receivable 3,216 3,210
Goodwill 12,613 12,950
Bank owned life insurance 35,351 34,466
Net deferred tax asset 12,681 16,058
Federal Home Loan Bank stock 5,891 7,233
Federal Reserve Bank stock 2,125 2,125
Prepaid federal deposit insurance 1,814 3,073
Other assets 8,501 8,986
TOTAL ASSETS 979,076 948,974
LIABILITIES    
Non-interest bearing deposits 141,982 127,870
Interest bearing deposits 674,438 673,346
Total deposits 816,420 801,216
Short-term borrowings 15,765 4,550
Advances from Federal Home Loan Bank 6,000 9,750
Guaranteed junior subordinated deferrable interest debentures 13,085 13,085
Total borrowed funds 34,850 27,385
Other liabilities 15,454 13,315
TOTAL LIABILITIES 866,724 841,916
STOCKHOLDERS' EQUITY    
Preferred stock, no par value; $1,000 per share liquidation preference; 2,000,000 shares authorized; there were 21,000 shares issued and outstanding on December 31, 2011 and 2010 21,000 20,669
Common stock, par value $0.01 per share; 30,000,000 shares authorized: 26,397,040 shares issued and 20,921,021 shares outstanding on December 31, 2011; 26,396,289 shares issued and 21,207,670 shares outstanding on December 31, 2010 264 264
Treasury stock at cost, 5,476,019 shares on December 31, 2011 and 5,188,619 shares on December 31, 2010 (69,241) (68,659)
Capital surplus 145,061 145,045
Retained earnings 18,928 14,601
Accumulated other comprehensive loss, net (3,660) (4,862)
TOTAL STOCKHOLDERS' EQUITY 112,352 107,058
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 979,076 $ 948,974