XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CONDITION (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Cash and cash equivalents    
Cash and non-interest-bearing deposits due from banks $ 69,065 $ 80,436
Interest-bearing deposits due from banks 62,287 304,220
Federal funds sold 1,000 1,150
Total cash and cash equivalents 132,352 385,806
Interest-bearing time deposits in other banks 10,000 0
Federal Reserve Bank, Federal Home Loan Bank and other stock 2,863 3,043
Investment securities:    
Available for sale, at fair value 400,780 402,353
Held to maturity (fair value of $12,234 and $8,861, respectively) 11,666 8,035
Total investment securities 412,446 410,388
Loans 1,068,848 780,780
Allowance for loan losses 17,263 17,781
Net loans 1,051,585 762,999
Loans held-for-sale 175 907
Premises and equipment, net 25,261 27,656
Bank owned life insurance 38,755 0
Deferred taxes 13,953 11,385
Income tax receivable 0 5,406
Other real estate owned ("OREO") 0 1,572
Accrued interest and loan fees receivable 5,441 4,883
Goodwill and other intangibles 2,978 2,670
Other assets 4,007 5,749
TOTAL ASSETS 1,699,816 1,622,464
LIABILITIES & STOCKHOLDERS' EQUITY    
Demand deposits 628,616 615,120
Saving, N.O.W. and money market deposits 656,366 572,263
Time certificates of $100,000 or more 158,337 165,731
Other time deposits 66,742 78,000
Total deposits 1,510,061 1,431,114
Unfunded pension liability 258 7,781
Capital leases 4,612 4,688
Other liabilities 17,687 14,896
TOTAL LIABILITIES 1,532,618 1,458,479
COMMITMENTS AND CONTINGENT LIABILITIES      
STOCKHOLDERS' EQUITY    
Common stock (par value $2.50; 15,000,000 shares authorized; 13,738,752 shares issued at December 31, 2013, 13,732,085 shares issued at December 31, 2012; 11,573,014 shares outstanding at December 31, 2013, 11,566,347 shares outstanding at December 31, 2012) 34,348 34,330
Surplus 43,280 42,628
Retained earnings 102,273 89,555
Treasury stock at par (2,165,738 shares) (5,414) (5,414)
Accumulated other comprehensive (loss) income, net of tax (7,289) 2,886
TOTAL STOCKHOLDERS' EQUITY 167,198 163,985
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 1,699,816 $ 1,622,464