XML 47 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Cash and cash equivalents:    
Cash and due from banks $ 21,532 $ 19,295
Interest-bearing deposits in other banks 18,461 84,261
Total cash and cash equivalents 39,993 103,556
Securities available for sale, at fair value 217,412 203,867
Securities held to maturity, at amortized cost (fair value $0 and $2,424) 0 2,308
Stock in Federal Home Loan Bank of Pittsburgh, at cost 4,356 2,146
Loans held for sale 171 820
Loans, net of allowance for loan and lease losses of $11,898 and $14,017 666,262 629,880
Bank premises and equipment, net 11,094 15,363
Accrued interest receivable 2,158 2,191
Intangible assets 344 467
Bank-owned life insurance 28,663 28,167
Other real estate owned 2,617 4,246
Other assets 9,063 10,797
Total assets 982,133 1,003,808
Deposits:    
Demand (non-interest-bearing) 148,430 157,550
Interest-bearing 654,766 727,148
Total deposits 803,196 884,698
Borrowed funds    
Federal Home Loan Bank of Pittsburgh advances 68,786 27,123
Subordinated debentures 25,000 25,000
Junior subordinated debentures 10,310 10,310
Total borrowed funds 104,096 62,433
Accrued interest payable 10,515 8,732
Other liabilities 14,005 14,367
Total liabilities 931,812 970,230
Shareholders' equity    
Preferred shares ($1.25 par) Authorized: 20,000,000 shares at September 30, 2014 and December 31, 2013 Issued and outstanding: 0 shares at September 30, 2014 and December 31, 2013 0 0
Common shares ($1.25 par) Authorized: 50,000,000 shares at September 30, 2014 and December 31, 2013 Issued and outstanding: 16,471,569 shares at September 30, 2014 and December 31, 2013 20,589 20,589
Additional paid-in capital 61,692 61,627
Accumulated deficit (32,095) (45,546)
Accumulated other comprehensive income (loss) 135 (3,092)
Total shareholders' equity 50,321 33,578
Total liabilities and shareholders' equity $ 982,133 $ 1,003,808