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Consolidated Statement of Financial Condition (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and due from banks $ 42,916 $ 32,895
Interest bearing deposits in banks 8,224 10,168
Cash and cash equivalents 51,140 43,063
Investment securities - available-for-sale (at fair value) 222,835 336,589
Investment securities - held to maturity (fair value $106,426 at September 30, 2014 and $3,590 at December 31, 2013) 106,961 3,900
Restricted investment in bank stock, at cost 7,524 7,913
Loans 824,925 810,240
Allowance for loan losses (12,068) (13,594)
Net loans 812,857 796,646
Premises and equipment, net 26,001 26,905
Goodwill and other intangible assets, net 11,004 11,004
Bank owned life insurance 33,150 32,413
Deferred tax assets 23,341 29,209
Other real estate owned 11,588 17,031
Accrued interest receivable and other assets 25,515 28,830
Total Assets 1,331,916 1,333,503
Liabilities:    
Non-interest bearing deposits 197,612 175,863
Interest bearing deposits 775,421 801,540
Total deposits 973,033 977,403
Short-term borrowings 47,994 43,676
Long-term borrowings 182,623 182,672
Accrued interest payable and other liabilities 15,996 28,412
Total Liabilities 1,219,646 1,232,163
Shareholders' Equity:    
Preferred stock - no par value; Authorized 2,000 shares of which 30 shares of Series A, $1,000 per share liquidation preference, 5% cumulative increasing to 9% cumulative on February 15, 2014, were issued and outstanding on September 30, 2014 and December 31, 2013 (discount of $0 and $6, respectively) 30,000 29,994
Common stock - par value $.01 per share; Authorized 25,000 shares; issued and outstanding 6,228 shares at September 30, 2014 and 6,211 at December 31, 2013 62 62
Surplus 21,756 21,661
Retained earnings 75,849 73,836
Accumulated other comprehensive loss (15,397) (24,213)
Total Shareholders' Equity 112,270 101,340
Total Liabilities and Shareholders' Equity $ 1,331,916 $ 1,333,503