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Consolidated Statements of Financial Condition (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 30,479 $ 18,360
Federal funds sold 0 8,000
Cash and cash equivalents 30,479 26,360
AFS investment securities (amortized cost of $115,528 and $144,205) 115,849 142,161
HTM investment securities (fair value of $40,008 and $8,723) 39,780 8,431
Total investments securities 155,629 150,592
Loans and leases 417,473 396,171
Allowance for credit losses (6,443) (5,884)
Net loans and leases 411,030 390,287
Restricted stock 3,898 4,201
Office property and equipment, net 8,073 8,248
Accrued interest receivable 2,392 2,283
OREO & other repossessed property 3,966 4,324
Bank owned life insurance (BOLI) 8,257 8,137
Intangible assets 185 160
Net deferred taxes 3,056 3,822
Other assets 3,032 3,918
Total assets 629,997 602,332
Liabilities    
Non-interest-bearing deposits 64,756 58,948
Interest-bearing deposits: NOW 168,186 163,104
Interest-bearing deposits: Money Market 114,309 89,944
Interest-bearing deposits: Savings 44,123 42,521
Interest-bearing deposits: Time 127,246 138,229
Total deposits 518,620 492,746
Federal Home Loan Bank of Pittsburgh (FHLBP) advances 20,000 25,000
Repurchase agreements 29,196 23,349
Junior subordinated debentures 9,279 9,279
Other borrowings 610 2,602
Total borrowings 59,085 60,230
Accrued interest payable 468 527
Other liabilities 3,128 3,621
Total liabilities 581,301 557,124
Stockholders' Equity    
Preferred stock, $10.00 par value; 1,000,000 shares authorized; $1,000 liquidation preference per share; 11,750 issued 11,556 11,541
Common stock, $1.00 par value; 10,000,000 shares authorized; 2,874,694 issued 2,888 2,884
Stock warrants 151 151
Treasury stock, at cost; 202,639 and 213,545 shares, respectively (4,404) (4,515)
Surplus 35,333 35,294
Retained earnings 3,903 2,069
Accumulated other comprehensive loss, net (731) (2,216)
Total stockholders' equity 48,696 45,208
Total liabilities and stockholders' equity $ 629,997 $ 602,332