XML 57 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 $ 11,336 $ 23,425
Interest bearing deposits in other banks 14,902 10,691
Total cash and cash equivalents 26,238 34,116
Investment securities available for sale 276,795 287,682
Federal Home Loan Bank stock 4,739 4,575
Loans held for sale 2,386 22,549
Gross loans 827,484 689,608
Net deferred loan fees (1,281) (937)
Allowance for loan losses (17,859) (18,118)
Net loans 808,344 670,553
Property, premises and equipment 24,220 15,956
Deferred tax assets, net 21,624 21,933
Bank owned life insurance 15,826 15,349
Goodwill and other intangible assets 12,581 12,981
Other assets 10,898 11,838
Total assets 1,203,651 1,097,532
Liabilities    
Non-interest bearing deposits 291,856 273,242
Interest bearing deposits 682,039 597,628
Total deposits 973,895 870,870
Short term FHLB borrowing 29,000 33,000
Long term FHLB borrowing 59,500 33,500
Junior subordinated debentures 8,248 8,248
Other liabilities 6,581 6,385
Total liabilities 1,077,224 952,003
Commitments and contingencies (Note 18)      
Stockholders' Equity    
Common stock, no par value; authorized: 100,000,000 shares; issued and outstanding: 25,397,780 shares and 25,307,110 shares as of December 31, 2013 and 2012 respectively 101,511 101,354
Paid in capital 6,020 7,337
Retained earnings 18,717 8,773
Accumulated other comprehensive (loss) / income, net of tax (benefit) / expense of ($2,395) and $2,745 as of December 31, 2013 and 2012, respectively (3,425) 3,925
Total stockholders' equity 126,427 145,529
Total liabilities and stockholders' equity 1,203,651 1,097,532
Series A senior preferred stock
   
Stockholders' Equity    
Preferred stock   20,536
Series C preferred stock
   
Stockholders' Equity    
Preferred stock $ 3,604 $ 3,604