XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 32,254 $ 32,226 [1]
Federal funds sold 15 10 [1]
Interest-bearing deposits 29,249 8,759 [1]
Securities available-for-sale at fair value (amortized cost $265,842 in 2014 and $288,914 in 2013) 267,093 288,922 [1]
Gross loans 1,382,698 1,358,746 [1]
Less: allowance for loan losses 16,522 18,063 [1]
Net loans 1,366,176 1,340,683 [1]
Loans held-for-sale 6,962 18,913 [1]
Accrued interest receivable 5,915 6,219 [1]
Premises and equipment, net 40,396 40,698 [1]
Other real estate owned 2,828 3,267 [1]
Federal Home Loan Bank stock, at cost 2,789 3,473 [1]
Investment in bank-owned life insurance 27,169 27,032 [1]
Core deposit intangible (net of accumulated amortization of $10,702 in 2014 and $10,546 in 2013) 1,818 1,974 [1]
Deferred Tax Assets, Net 20,305 23,425 [1]
Other assets 10,518 10,426 [1]
Total Assets 1,813,487 1,806,027 [1]
Deposits    
Noninterest-bearing demand deposits 287,585 267,596 [1]
Interest-bearing deposits:    
NOW, savings and money market accounts 704,581 693,558 [1]
Time certificates:    
$100 or more 218,273 227,919 [1]
Other 315,035 329,350 [1]
Total Deposits 1,525,474 1,518,423 [1]
Short-term borrowings 49,083 43,260 [1]
Long-term borrowings 40,956 45,954 [1]
Capital lease obligations 2,270 2,281 [1]
Accrued interest payable 768 852 [1]
Other liabilities 6,160 10,787 [1]
Total Liabilities 1,624,711 1,621,557 [1]
Shareholders' Equity    
Preferred stock, no par value, 1,000,000 shares authorized; 28,405 issued and outstanding in 2014 and 2013 28,405 28,405 [1]
Common stock, $1 par value, 33,333,333 shares authorized at March 31, 2014 and December 31, 2013; 14,380,673 issued and outstanding in 2014 and 14,383,986 issued and outstanding in 2013 14,381 14,384 [1]
Warrants 1,850 1,850 [1]
Surplus 187,317 187,118 [1]
Accumulated deficit (43,943) (47,292) [1]
Accumulated other comprehensive income 766 5 [1]
Total Shareholders' Equity 188,776 184,470 [1]
Total Liabilities and Shareholders' Equity $ 1,813,487 $ 1,806,027 [1]
[1] Derived from audited consolidated financial statements