XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and due from financial institutions $ 27,980 $ 16,799
Federal funds sold and other 26,264 23,526
Cash and cash equivalents 54,244 40,325
Accounts receivable 1,000 0
Securities available-for-sale 82,425 84,771
Loans, net of allowance for loan losses of $15,170 and $15,760 as of September 30, 2014 and December 31, 2013, respectively 345,492 354,592
Premises and equipment, net 5,265 6,421
Assets held for sale 925 0
Bank-owned life insurance 11,813 12,956
Federal Home Loan Bank stock, at cost 1,243 1,580
Other real estate owned, net 4,606 3,078
Accrued interest receivable 1,523 1,723
Other intangible assets, net 634 849
Other assets 1,314 994
Total assets 510,484 507,289
Deposits    
Noninterest-bearing demand deposits 113,442 100,788
Money market, NOW and savings deposits 204,991 188,085
Time deposits 119,932 146,093
Total deposits 438,365 434,966
Federal Home Loan Bank advances and other borrowings 17,635 20,153
Subordinated debentures 16,202 16,154
Accrued expenses and other liabilities 1,988 2,084
Total liabilities 474,190 473,357
SHAREHOLDERS' EQUITY    
Preferred stock 0 0
Additional paid-in capital (1) 138,096 [1] 138,050 [1]
Retained earnings (deficit) (101,347) (102,688)
Accumulated other comprehensive loss (513) (1,488)
Total shareholders' equity 36,294 33,932
Total liabilities and shareholders' equity 510,484 507,289
Common Stock [Member]
   
SHAREHOLDERS' EQUITY    
Common stock 32 32
Nonvoting Common Stock [Member]
   
SHAREHOLDERS' EQUITY    
Common stock $ 26 $ 26
[1] Reflects the 1-for-20 reverse stock split completed in October 2013. Please refer to Note 9 - Shareholders Equity for additional information related to the reverse stock split.