XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Cash and cash equivalents:    
Cash and due from banks $ 47,244 $ 43,810
Interest-earning demand deposits with banks 25 2
Federal funds sold 7,327 68,630
Cash and cash equivalents 54,596 112,442
Investment securities:    
Available for sale, at fair value 598,997 520,497
Held to maturity, at cost ( estimated fair value of $113,197 and $155,326, respectively ) 92,448 112,666
Investment securities 691,445 633,163
Federal Home Loan Bank stock, at cost 1,798 643
Loans held for sale 55 0
Loans, net of unearned income 577,233 573,100
Less: allowance for loan losses 9,952 8,879
Net loans 567,281 564,221
Premises and equipment, net 19,850 19,921
Goodwill 1,999 1,999
Intangible assets, net 2,712 2,811
Other real estate, net 5,009 5,709
Accrued interest receivable 8,259 8,128
Other assets 5,915 4,829
Total Assets 1,358,919 1,353,866
Deposits:    
Noninterest-bearing demand 180,506 167,925
Interest-bearing demand 304,300 289,408
Savings 59,233 57,452
Time 668,521 692,517
Total deposits 1,212,560 1,207,302
Short-term borrowings 12,382 12,223
Accrued interest payable 3,861 3,509
Long-term borrowing 3,050 3,200
Other liabilities 2,258 1,030
Total Liabilities 1,234,111 1,227,264
Stockholders' Equity    
Common stock: $1 par value - authorized 100,600,000 shares; issued 6,294,227 6,294 [1] 6,294 [1]
Surplus 39,387 39,387
Treasury Stock, at cost, 600 and 0 shares, respectively (11) 0
Retained earnings 38,571 37,019
Accumulated other comprehensive income (loss) 1,132 4,467
Total Stockholders' Equity 124,808 126,602
Total Liabilities and Stockholders' Equity 1,358,919 1,353,866
Series C - Preferred Stock $1,000 par value [Member]
   
Stockholders' Equity    
Preferred stock 39,435 39,435
Total Stockholders' Equity $ 39,435 $ 39,435
[1] 2011 share amounts have been restated to reflect the ten percent stock dividend paid February 24, 2012 to stockholders of record as of February 17, 2012.