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Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 32,877 $ 18,360
Federal funds sold   8,000
Cash and cash equivalents 32,877 26,360
AFS investment securities at fair value (amortized cost of $107,543 in 2011 and $144,205 in 2010) 107,530 142,161
HTM investment securities (fair value of $37,681 in 2011 and $8,723 in 2010) 36,427 8,431
Total investments securities 143,957 150,592
Loans and leases 403,684 396,171
Allowance for credit losses (6,164) (5,884)
Net loans and leases 397,520 390,287
Restricted stock 3,625 4,201
Office property and equipment, net 7,846 8,248
Accrued interest receivable 2,536 2,283
OREO & other repossessed property 3,974 4,324
Bank owned life insurance (BOLI) 8,383 8,137
Core deposit intangible 111 160
Net deferred taxes 3,614 3,822
Other assets 2,656 3,918
Total assets 607,099 602,332
Liabilities    
Non-interest-bearing deposits 68,371 58,948
Interest-bearing deposits: NOW 171,321 163,104
Interest-bearing deposits: Money market 107,368 89,944
Interest-bearing deposits: Savings 45,250 42,521
Interest-bearing deposits: Time 105,235 138,229
Total deposits 497,545 492,746
Federal Home Loan Bank of Pittsburgh (FHLBP) advances 20,000 25,000
Repurchase agreements 23,770 23,349
Junior subordinated debentures 9,279 9,279
Other borrowings 598 2,602
Total borrowings 53,647 60,230
Accrued interest payable 444 527
Other liabilities 4,407 3,621
Total liabilities 556,043 557,124
Commitments and contingencies      
Stockholders' Equity    
Preferred stock, $10.00 par value; 1,000,000 shares authorized; $1,000 liquidation preference per share; 13,000 and 11,750 shares issued respectively 12,962 11,541
Common stock, $1.00 par value; 10,000,000 shares authorized; 2,882,503 and 2,874,694 issued, respectively 2,891 2,884
Stock warrants   151
Treasury stock, at cost; 187,654 and 213,545 shares, respectively (4,252) (4,515)
Surplus 35,060 35,294
Retained earnings 5,871 2,069
Accumulated other comprehensive loss, net (1,476) (2,216)
Total stockholders' equity 51,056 45,208
Total liabilities and stockholders' equity $ 607,099 $ 602,332