XML 51 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and due from depository institutions $ 20,000 $ 20,288
Interest bearing deposits 2,963 2,967
Short-term investments in money market funds 5,050 6,811
Total cash and cash equivalents 28,013 30,066
Investment securities:    
Available for sale 134,504 141,978
Held to maturity (fair value $19,263 on June 30, 2014 and $17,788 on December 31, 2013) 19,099 18,187
Loans held for sale 4,689 3,402
Loans 800,557 783,927
Less: Unearned income 571 581
Allowance for loan losses 10,150 10,104
Net loans 789,836 773,242
Premises and equipment, net 13,400 13,119
Accrued interest income receivable 3,186 2,908
Goodwill 12,613 12,613
Bank owned life insurance 37,040 36,669
Net deferred tax asset 8,717 9,572
Federal Home Loan Bank stock 4,518 4,677
Federal Reserve Bank stock 2,125 2,125
Other assets 5,977 7,478
TOTAL ASSETS 1,063,717 1,056,036
LIABILITIES    
Non-interest bearing deposits 153,416 154,002
Interest bearing deposits 720,492 700,520
Total deposits 873,908 854,522
Short-term borrowings 18,677 41,555
Advances from Federal Home Loan Bank 34,000 25,000
Guaranteed junior subordinated deferrable interest debentures 13,085 13,085
Total borrowed funds 65,762 79,640
Other liabilities 8,101 8,567
TOTAL LIABILITIES 947,771 942,729
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, 2014 and December 31, 2013 21,000 21,000
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,412,707 shares issued and 18,794,888 outstanding on June 30, 2014; 26,402,007 shares issued and 18,784,188 outstanding on December 31, 2013 264 264
Treasury stock at cost, 7,617,819 shares on June 30, 2014 and December 31, 2013 (74,829) (74,829)
Capital surplus 145,235 145,190
Retained earnings 28,985 27,557
Accumulated other comprehensive loss, net (4,709) (5,875)
TOTAL SHAREHOLDERS' EQUITY 115,946 113,307
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,063,717 $ 1,056,036