XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Assets    
Cash and due from banks $ 32,313 $ 30,785
Interest-bearing bank balances 24,583 9,006
Loans held for sale 3,744 9,464
Available for sale investment securities 304,311 393,815
Held to maturity investment securities (market value $52,401 at September 30, 2013) 53,226 0
Loans 1,266,361 1,155,421
Less allowance for credit losses (25,385) (26,630)
Net loans 1,240,976 1,128,791
Premises and equipment 34,399 35,570
Real estate acquired in settlement of loans 2,695 5,355
Bank-owned life insurance 46,411 45,262
Deferred tax assets 36,908 29,538
Other assets 22,776 21,121
Total assets 1,802,342 1,708,707
Liabilities    
Noninterest-bearing deposits 241,246 206,023
NOW deposits 413,268 424,720
Savings and money market deposits 382,885 367,776
Time deposits 374,611 333,974
Total deposits 1,412,010 1,332,493
Borrowings from the Federal Home Loan Bank 162,700 113,000
Other borrowings 46,774 46,774
Accrued expenses and other liabilities 18,012 20,426
Total liabilities 1,639,496 1,512,693
Shareholders’ Equity    
Common stock, $5.00 par value per share at 12/31/2012 - Authorized 50,000,000 shares; issued and outstanding - 15,655,868 at 12/31/2012 210,153 78,279
Paid-in capital 0 83,259
Directors’ deferred compensation plan (468) (468)
Accumulated deficit (58,068) (75,697)
Accumulated other comprehensive income (loss) (3,752) 2,284
Total shareholders’ equity 162,846 196,014
Total liabilities and shareholders’ equity 1,802,342 1,708,707
Preferred Stock SeriesA
   
Shareholders’ Equity    
Preferred stock - Authorized 30,000,000 shares no par value at 9/30/2013 and10,000,000 shares $.01 par value per share at 12/31/2012 14,981 52,089
Total shareholders’ equity 14,981 52,089
Preferred Stock SeriesB
   
Shareholders’ Equity    
Preferred stock - Authorized 30,000,000 shares no par value at 9/30/2013 and10,000,000 shares $.01 par value per share at 12/31/2012 0 42,246
Total shareholders’ equity 0 42,246
Preferred Stock SeriesC
   
Shareholders’ Equity    
Preferred stock - Authorized 30,000,000 shares no par value at 9/30/2013 and10,000,000 shares $.01 par value per share at 12/31/2012 0 14,022
Total shareholders’ equity $ 0 $ 14,022