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Consolidated Statements of Financial Condition (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Assets  
Cash and due from banks$ 22,815$ 18,360
Federal funds sold 8,000
Cash and cash equivalents22,81526,360
AFS investment securities (amortized cost of $109,152 and $144,205)109,365142,161
HTM investment securities (fair value of $39,398 and $8,723)38,4698,431
Total investments securities147,834150,592
Loans and leases411,374396,171
Allowance for credit losses(6,371)(5,884)
Net loans and leases405,003390,287
Restricted stock3,7584,201
Office property and equipment, net7,9058,248
Accrued interest receivable2,6372,283
OREO & other repossessed property3,9684,324
Bank owned life insurance (BOLI)8,3188,137
Intangible assets185160
Net deferred taxes3,0913,822
Other assets3,5743,918
Total assets609,088602,332
Liabilities  
Non-interest-bearing deposits61,02558,948
Interest-bearing deposits: NOW166,532163,104
Interest-bearing deposits: Money Market110,97889,944
Interest-bearing deposits: Savings45,67142,521
Interest-bearing deposits: Time114,300138,229
Total deposits498,506492,746
Federal Home Loan Bank of Pittsburgh (FHLBP) advances20,00025,000
Repurchase agreements26,57623,349
Junior subordinated debentures9,2799,279
Other borrowings6042,602
Total borrowings56,45960,230
Accrued interest payable390527
Other liabilities3,1813,621
Total liabilities558,536557,124
Stockholders' Equity  
Preferred stock, $10.00 par value; 1,000,000 shares authorized; $1,000 liquidation preference per share; 13,000 & 11,750 issued respectively12,95811,541
Common stock, $1.00 par value; 10,000,000 shares authorized; 2,874,694 issued2,8892,884
Stock warrants 151
Treasury stock, at cost; 195,227 and 213,545 shares, respectively(4,328)(4,515)
Surplus35,04535,294
Retained earnings4,7862,069
Accumulated other comprehensive loss, net(798)(2,216)
Total stockholders' equity50,55245,208
Total liabilities and stockholders' equity$ 609,088$ 602,332