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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Cash and due from banks $ 9,812 $ 12,529
Federal funds sold 196 10,363
Securities available for sale, at fair value 63,466 69,207
Restricted equity securities, at cost 2,591 2,390
Loans, net of allowance for loan losses of $3,790 in 2012 and $3,979 in 2011 271,147 245,100
Property and equipment, net 9,754 9,582
Other real estate owned, net of valuation allowance of $575 in 2012 and $331 in 2011 8,938 9,562
Deferred tax asset, net 1,338 0
Accrued income 1,590 1,372
Prepaid FDIC insurance 5 473
Other assets 1,614 597
Total assets 370,451 361,175
Noninterest-bearing 32,627 26,822
Interest-bearing 277,370 280,814
Total deposits 309,997 307,636
Short term borrowings 216 449
Federal Home Loan Bank borrowings 22,000 19,000
Accrued interest payable 332 435
Other liabilities 1,187 567
Total liabilities 333,732 328,087
Stockholders’ equity:    
Preferred stock, $1,000 par value; 10,000 shares of series A and 374 shares of series B authorized, issued and outstanding at December 31, 2012 and 2011 10,374 10,374
Discount on preferred stock (142) (217)
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 3,262,518 (includes 25,896 restricted shares) at December 31, 2012 and 3,241,547 (includes 6,566 restricted shares) at December 31, 2011 16,167 16,167
Surplus 15,487 15,458
Retained deficit (6,587) (9,773)
Accumulated other comprehensive income 1,420 1,079
Total stockholders’ equity 36,719 33,088
Total liabilities and stockholders’ equity $ 370,451 $ 361,175