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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from depository institutions $ 19,817 $ 26,938
Interest bearing deposits 10,310 1,716
Short-term investments in money market funds 3,848 6,129
Total cash and cash equivalents 33,975 34,783
Investment securities:    
Available for sale 176,896 182,923
Held to maturity (fair value $15,457 on June 30, 2012 and $12,914 on December 31, 2011) 14,895 12,280
Loans held for sale 6,009 7,110
Loans 685,323 664,189
Less: Unearned income 517 452
Allowance for loan losses 13,317 14,623
Net loans 671,489 649,114
Premises and equipment, net 10,885 10,674
Accrued interest income receivable 3,159 3,216
Goodwill 12,613 12,613
Bank owned life insurance 35,779 35,351
Net deferred tax asset 11,364 12,681
Federal Home Loan Bank stock 5,317 5,891
Federal Reserve Bank stock 2,125 2,125
Prepaid federal deposit insurance 1,614 1,814
Other assets 10,982 8,501
TOTAL ASSETS 997,102 979,076
LIABILITIES    
Non-interest bearing deposits 155,797 141,982
Interest bearing deposits 698,220 674,438
Total deposits 854,017 816,420
Short-term borrowings   15,765
Advances from Federal Home Loan Bank 3,000 6,000
Guaranteed junior subordinated deferrable interest debentures 13,085 13,085
Total borrowed funds 16,085 34,850
Other liabilities 16,190 15,454
TOTAL LIABILITIES 886,292 866,724
SHAREHOLDERS' EQUITY    
Preferred stock, no par value; $1,000 per share liquidation preference; 2,000,000 shares authorized; 21,000 shares issued and outstanding on June 30, 2012 and December 31, 2011. 21,000 21,000
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,398,540 shares issued and 19,284,521 outstanding on June 30, 2012; 26,397,040 shares issued and 20,921,021 outstanding on December 31, 2011 264 264
Treasury stock at cost, 7,114,019 shares on June 30, 2012 and 5,476,019 shares on December 31, 2011 (73,302) (69,241)
Capital surplus 145,070 145,061
Retained earnings 21,400 18,928
Accumulated other comprehensive loss, net (3,622) (3,660)
TOTAL SHAREHOLDERS' EQUITY 110,810 112,352
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 997,102 $ 979,076