XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 31,004 $ 31,137
Investment securities    
Available for sale 129,074 102,284
Held to maturity (fair value of $1,719 and $2,271 as of September 30, 2013 and December 31, 2012, respectively) 1,540 1,965
Loans receivable, held for sale 691 706
Loans receivable, net of allowance of $6,691 and $6,922 at September 30, 2013 and December 31, 2012, respectively 622,330 526,720
Federal Home Loan Bank ("FHLB") stock - at cost 3,425 5,431
Accrued interest receivable 2,669 2,460
Premises and equipment, net 8,657 6,108
Goodwill 4,324 4,324
Core deposit intangible 528 0
Bank owned life insurance 18,451 19,109
Other assets 10,641 11,592
TOTAL ASSETS 833,334 711,836
Liabilities    
Deposits 681,825 560,315
Advances from the FHLB 50,990 60,656
Advances from borrowers for taxes and insurance 2,344 2,880
Accrued interest payable 729 817
Other liabilities 4,635 4,223
Total liabilities 740,523 628,891
Stockholders' equity    
Preferred stock, no par value; 2,000,000 shares authorized at September 30, 2013 and December 31, 2012, none issued 0 0
Common stock, $0.10 par value; 10,000,000 shares authorized, 5,290,000 shares issued, 3,147,902 and 2,838,493 shares outstanding at September 30, 2013 and December 31, 2012, respectively, net of shares in treasury of 2,142,098 and 2,451,507, respectively. 529 529
Additional paid-in capital 56,072 54,328
Unearned ESOP shares (877) (970)
Treasury stock - at cost (44,530) (50,896)
Retained earnings 83,394 78,984
Accumulated other comprehensive (loss) income (1,777) [1],[2] 970 [1],[2]
Total stockholders' equity 92,811 82,945
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 833,334 $ 711,836
[1] Amounts in parenthesis indicate debits.
[2] All amounts are net of tax. Related income tax expense or benefit is calculated using a Federal income tax rate of 34%