XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets:    
Cash and deposits with banks $ 20,059 $ 20,937
Federal funds sold 9,531 56,394
Total cash and cash equivalents 29,590 77,331
Securities:    
Available for sale, at fair value 507,125 511,006
Loans held for sale 10,567 4,838
Loans, net of allowance for loan losses of $18,132 and $21,116 1,119,955 1,029,192
Federal Home Loan Bank stock, at cost 18,068 26,464
Premises and equipment, net 20,138 20,924
Accrued interest receivable 5,256 5,694
Real estate owned and other repossessed assets, net 4,487 6,341
Core deposit intangible 100 152
Cash surrender value of life insurance 46,048 44,972
Other assets 40,206 10,936
Total assets 1,801,540 1,737,850
Deposits:    
Interest bearing 1,164,745 1,221,162
Non-interest bearing 181,632 170,590
Total deposits 1,346,377 1,391,752
Borrowed funds:    
Federal Home Loan Bank advances 138,000 50,000
Repurchase agreements and other 60,563 90,578
Total borrowed funds 198,563 140,578
Advance payments by borrowers for taxes and insurance 13,350 20,060
Accrued interest payable 380 550
Accrued expenses and other liabilities 9,164 9,836
Total liabilities 1,567,834 1,562,776
Shareholders' Equity:    
Preferred stock-no par value; 1,000,000 shares authorized and no shares issued and outstanding      
Common stock-no par value; 499,000,000 shares authorized; 54,138,910 shares issued and 49,682,291 and 50,339,886 shares, respectively, outstanding 174,283 174,719
Retained earnings 126,229 81,515
Accumulated other comprehensive income (loss) (26,310) (41,665)
Treasury stock, at cost, 4,456,619 and 3,799,821 shares, respectively (40,496) (39,495)
Total shareholders’ equity 233,706 175,074
Total liabilities and shareholders’ equity $ 1,801,540 $ 1,737,850