XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CONDITION (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 106,282 $ 82,692
Securities available-for-sale 287,471 323,070
Securities held-to-maturity (fair value of $ 214,952 and $210,958) 214,191 215,286
Loans 987,529 960,943
Less: Allowance for loan losses 10,633 10,333
Net loans 976,896 950,610
Restricted investment in bank stocks, at cost 8,986 8,986
Premises and equipment, net 13,833 13,681
Accrued interest receivable 6,341 6,802
Bank-owned life insurance 35,989 35,734
Goodwill and other intangible assets 16,821 16,828
Other real estate owned 220 220
Due from brokers for investment securities 0 8,759
Other assets 9,130 10,414
Total assets 1,676,160 1,673,082
LIABILITIES    
Deposits: Non-interest bearing 223,332 227,370
Deposits: Interest-bearing: Time deposits $100 and over 110,353 99,444
Deposits: Interest-bearing transaction, savings and time deposits less than $100 1,006,200 1,015,191
Total deposits 1,339,885 1,342,005
Long-term borrowings 146,000 146,000
Subordinated debentures 5,155 5,155
Accounts payable and accrued liabilities 11,307 11,338
Total liabilities 1,502,347 1,504,498
STOCKHOLDERS' EQUITY    
Preferred stock, $1,000 liquidation value per share, authorized 5,000,000 shares; issued and outstanding 11,250 shares of Series B preferred stock at March 31, 2014 and December 31, 2013; total liquidation value of $11,250,000 at March 31, 2014 and December 31, 2013 11,250 11,250
Common stock, no par value, authorized 25,000,000 shares; issued 18,477,412 shares at March 31, 2014 and December 31, 2013; outstanding 16,369,012 shares at March 31, 2014 and December 31, 2013 110,056 110,056
Additional paid-in capital 5,002 4,986
Retained earnings 65,053 61,914
Treasury stock, at cost (2,108,400 common shares at March 31, 2014 and December 31, 2013) (17,078) (17,078)
Accumulated other comprehensive loss (470) (2,544)
Total stockholders' equity 173,813 168,584
Total liabilities and stockholders' equity $ 1,676,160 $ 1,673,082