XML 36 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash $ 3,531 $ 3,860
Due from banks 38,654 74,973
Cash and cash equivalents 42,185 78,833
Federal funds sold 287 275
Securities available for sale 90,344 59,228
Loans held for sale 1,088 2,637
Loans, net of allowance for loan losses of $5,412-2011 ($5,694-2010) 327,392 303,830
Premises and equipment, net 12,546 12,599
Accrued interest receivable 2,148 2,107
Net cash surrender value of life insurance 10,312 9,965
Goodwill 13,422 13,422
Other intangible assets, net 1,666 2,005
Other assets 7,830 8,979
Total Assets 509,220 493,880
Deposits    
Non-interest bearing 61,930 59,942
Interest bearing 358,581 349,959
Total deposits 420,511 409,901
Securities sold under agreements to repurchase and overnight borrowings 18,074 15,027
Accrued expenses and other liabilities 4,568 4,476
Other borrowings 7,751 10,079
Subordinated debentures 5,155 5,155
Common stock subject to repurchase obligation in Employee Stock Ownership Plan, 115,170 shares outstanding in 2011 (107,627 shares in 2010) 1,296 1,399
Total Liabilities 457,355 446,037
Shareholders' equity    
Preferred stock, 100,000 shares authorized; none issued or outstanding      
Common stock, $2.50 par value: Authorized - 4,000,000 shares; Issued - 2,358,599 shares in 2011 (2,340,717 shares in 2010); Outstanding (other than ESOP shares) -2,243,429 shares in 2011 (2,233,090 shares in 2010) 5,609 5,583
Additional paid-in capital 18,278 18,033
Retained earnings 27,576 24,692
Accumulated other comprehensive income (loss), net 571 (168)
Unearned Employee Stock Ownership Plan shares (169) (297)
Total Shareholders' Equity 51,865 47,843
Total Liabilities and Shareholders' Equity $ 509,220 $ 493,880