XML 34 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Cash and cash equivalents:    
Cash and due from banks $ 11,944 $ 13,403
Interest bearing balances 2,070 16,674
Total cash and cash equivalents 14,014 30,077
Certificates of deposit with other banks 11,659 11,907
Investment Securities:    
Securities available-for-sale 65,855 68,213
Securities held-to-maturity (fair value of $53,441 for 2015 and $55,871 for 2014) 53,141 54,538
Loans held for sale 116,307 69,527
Loans: 911,085 798,297
Less: Allowance for loan losses (7,047) (6,223)
Net Loans 904,038 792,074
Bank premises, furniture and equipment 25,645 25,472
Bank owned life insurance 22,011 21,679
Accrued interest receivable and other assets 22,617 19,193
Goodwill 17,779 17,779
Total assets 1,253,066 1,110,459
Deposits:    
Non-interest bearing 76,666 67,066
Interest bearing 814,303 756,161
Total Deposits 890,969 823,227
Accrued interest, taxes, and other liabilities 10,791 10,310
Repurchase agreements 26,263 32,673
FHLB and other borrowings 178,245 101,287
Subordinated debt 33,524 33,524
Total Liabilities 1,139,792 1,001,021
STOCKHOLDERS' EQUITY    
Preferred stock, par value $1,000; 20,783 authorized and 9,283 issued in 2015 and 2014, respectively 16,334 16,334
Common stock, par value $1; 20,000,000 shares authorized; 8,047,550 and 8,034,362 issued; and 7,996,473 and 7,983,285 outstanding in 2015 and 2014, respectively 8,048 8,034
Additional paid-in capital 74,450 74,342
Retained earnings 17,858 14,454
Accumulated other comprehensive loss (2,332) (2,642)
Treasury Stock, 51,077 shares, at cost (1,084) (1,084)
Total Stockholders' Equity 113,274 109,438
Total liabilities and stockholders’ equity $ 1,253,066 $ 1,110,459