XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 39,997 $ 46,855
Interest earning deposits with banks 5,576 4,394
Total cash and cash equivalents 45,573 51,249
Securities available for sale, at fair value 575,179 529,070
Securities held to maturity (fair value of $197,339 and $213,702, respectively) 201,328 210,735
Total securities 776,507 739,805
Securities, restricted 7,034 2,978
Loans held for investment 1,013,263 798,446
Allowance for loan losses (16,001) (14,439)
Loans, net 997,262 784,007
Premises and equipment, net 27,983 26,001
Accrued interest receivable 5,648 5,436
Goodwill 2,034 2,034
Core deposit intangible 190 249
Bank owned life insurance 10,035  
Other real estate owned 2,242 250
Other assets 22,238 12,704
Total Assets 1,896,746 1,624,713
LIABILITIES AND STOCKHOLDERS' EQUITY    
Demand deposits 582,938 529,205
Savings, NOW and money market deposits 855,246 722,869
Certificates of deposit of $100,000 or more 64,445 118,724
Other time deposits 36,450 38,524
Total deposits 1,539,079 1,409,322
Federal funds purchased and Federal Home Loan Bank overnight borrowings 122,000 44,500
Federal Home Loan Bank term advances 40,000 15,000
Repurchase agreements 11,370 12,390
Junior subordinated debentures 16,002 16,002
Accrued interest payable 225 147
Other liabilities and accrued expenses 8,610 8,680
Total Liabilities 1,737,286 1,506,041
Commitments and Contingencies      
Stockholders' equity:    
Preferred stock, par value $.01 per share (2,000,000 shares authorized; none issued)      
Common stock, par value $.01 per share: Authorized: 20,000,000 shares; 11,317,367 and 8,923,010 shares issued, respectively; 11,307,607 and 8,907,890 shares outstanding, respectively 113 89
Surplus 111,377 64,208
Retained earnings 61,441 55,102
Less: Treasury Stock at cost, 9,760 and 15,120 shares, respectively (235) (309)
Total stockholders' equity before accumulated other comprehensive income (loss) 172,696 119,090
Accumulated other comprehensive income (loss):    
Net unrealized (loss) gain on securities, net of deferred income taxes of $7,895 and ($1,803), respectively (11,994) 2,738
Pension liability, net of deferred income taxes of $781 and $2,036, respectively (1,143) (3,050)
Net unrealized loss on cash flow hedge, net of deferred income taxes of $65 and $70, respectively (99) (106)
Total Stockholders' Equity 159,460 118,672
Total Liabilities and Stockholders' Equity $ 1,896,746 $ 1,624,713