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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 18,349 $ 12,992
Interest-bearing deposits with financial institutions 55,634 30,888
Total cash and cash equivalents 73,983 43,880
Loans held-for-sale, at lower of cost or market 2,615 5,515
Investment securities:    
Available-for-sale, at fair value 233,883 248,752
Held-to-maturity, at amortized cost (fair value of $11,502 and $12,472) 11,350 12,187
Total investment securities 245,233 260,939
Loans:    
Loans, net of unearned interest 657,687 704,074
Allowance for loan losses (19,129) (29,726)
Net loans 638,558 674,348
Premises and equipment, net of accumulated depreciation 26,212 26,901
Land held for sale, at lower of cost or market 2,244 2,244
Federal Reserve Bank and Federal Home Loan Bank stock 4,500 4,498
Bank-owned life insurance 23,871 23,416
Accrued interest receivable 6,116 7,482
Other real estate owned 18,308 20,652
Deferred income taxes 13,457 10,512
Intangible assets, net of accumulated amortization 2,163 2,531
Other assets 12,501 13,553
TOTAL ASSETS 1,069,761 1,096,471
Deposits:    
Demand 142,579 138,683
Interest-bearing demand 373,086 383,126
Savings 82,127 74,817
Time 341,623 366,335
Total deposits 939,415 962,961
Borrowings:    
Customer repurchase agreements 38,309 35,806
Interest-bearing demand notes issued to the U.S. Treasury 978 1,753
Advances from the Federal Home Loan Bank 5,000 9,000
Trust preferred securities 25,000 25,000
Total borrowings 69,287 71,559
Other liabilities 6,033 5,090
TOTAL LIABILITIES 1,014,735 1,039,610
STOCKHOLDERS' EQUITY    
Preferred stock: no par value, 100,000 shares authorized: 25,083 shares issued and outstanding at June 30, 2011 and December 31, 2010 25,001 24,986
Common stock: $5 par value, 7,000,000 shares authorized: 4,478,295 shares issued at June 30, 2011 and December 31, 2010 22,391 22,391
Common stock warrants 150 150
Surplus 18,259 18,275
Retained earnings 10,384 11,589
Accumulated other comprehensive income, net of tax 2,365 3,064
Less: cost of 1,148,257 and 1,152,354 treasury shares at June 30, 2011 and December 31, 2010 (23,524) (23,594)
TOTAL STOCKHOLDERS' EQUITY 55,026 56,861
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,069,761 $ 1,096,471