XML 25 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Condition (unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 8,678 $ 6,490
Federal funds sold 100 100
Interest-earning deposits 51,606 56,097
Total cash and cash equivalents 60,384 62,687
Investment securities held to maturity 140,572 140,277
Securities available for sale 249,837 275,076
FHLB and FRB Stock, at cost 4,704 4,624
Loans Held for Sale, at fair value 1,813 0
Loans 965,757 932,497
Less: Allowance for loan losses 14,056 14,282
Net Loans 951,701 918,215
Premises and equipment 33,098 33,820
Other real estate owned 3,000 4,000
Accrued interest receivable 4,391 4,231
Bank owned life insurance 27,537 27,074
Deferred tax assets, net 24,689 25,725
Other assets 9,014 9,696
TOTAL ASSETS 1,510,740 1,505,425
Deposits:    
Noninterest-bearing demand deposits 238,788 228,764
Interest-bearing deposits:    
Checking 322,801 290,322
Savings 86,828 80,799
Money market accounts 507,159 524,449
Certificates of deposit $100,000 and over 73,186 79,311
Certificates of deposit less than $100,000 132,949 147,901
Total deposits 1,361,711 1,351,546
Federal Home Loan Bank advances 20,905 24,126
Capital lease obligation 6,426 6,304
Accrued expenses and other liabilities 6,489 5,733
TOTAL LIABILITIES 1,395,531 1,387,709
SHAREHOLDERS' EQUITY    
Preferred stock (no par value; authorized 500,000 shares; issued 14,341 shares at June 30, 2011 and 21,513 at December 31, 2010; liquidation preference of $1,000 per share) 13,898 20,746
Common stock (no par value; $0.83 per share; authorized 21,000,000 shares; issued shares, 9,234,060 at June 30, 2011 and 9,199,038 at December 31, 2010; outstanding shares 8,825,882 at June 30, 2011 and 8,790,860 at December 31, 2010) 7,679 7,650
Surplus 95,973 95,586
Treasury stock at cost, 408,178 shares at June 30, 2011 and 408,178 shares at December 31, 2010 (8,988) (8,988)
Retained earnings 7,331 4,693
Accumulated other comprehensive loss, net of income tax (684) (1,971)
TOTAL SHAREHOLDERS' EQUITY 115,209 117,716
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 1,510,740 $ 1,505,425