XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
ASSETS      
Cash and due from banks $ 3,749 $ 3,442 $ 4,336
Interest bearing deposits with other banks 9,970 8,340 7,971
Cash and cash equivalents 13,719 11,782 12,307
Securities available for sale 287,883 288,780 291,180
Other investments 7,436 7,815 7,411
Loans held for sale, net 413 321 1,080
Loans, net 992,816 937,070 925,979
Property held for sale 48,783 53,392 47,258
Premises and equipment, net 20,301 20,623 20,936
Accrued interest receivable 5,683 5,669 5,718
Intangible assets 7,798 7,949 8,124
Cash surrender value of life insurance policies 36,151 35,611 30,027
Other assets 14,975 17,215 19,950
Total assets 1,435,958 1,386,227 1,369,970
Deposits      
Non interest bearing 106,134 92,837 92,147
Interest bearing 951,661 910,975 946,016
Total deposits 1,057,795 1,003,812 1,038,163
Short-term borrowings 91,729 62,769 16,762
Long-term borrowings 121,942 163,516 163,565
Subordinated debentures 16,800 16,800 16,800
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 19,589
Other liabilities 10,638 8,669 7,880
Total liabilities 1,318,493 1,275,155 1,262,759
Shareholders' Equity      
Preferred stock and related surplus - authorized 250,000 shares; Series 2009, 8% Non-cumulative convertible preferred stock, par value $1.00; issued 3,710 shares Series 2011, 8% Non-cumulative convertible preferred stock, par value $1.00; issued 2014 - 11,914, December 2013 - 11,938 shares, June 2013 - 11,978 shares 9,283 9,295 9,315
Common stock and related surplus - authorized 20,000,000 shares; $2.50 par value; issued and outstanding 2014 - 7,457,222 shares, December 2013 - 7,451,022 shares, and June 2013 - 7,440,222 shares 24,691 24,664 24,593
Retained earnings 81,569 77,134 72,462
Accumulated other comprehensive income 1,922 (21) 841
Total shareholders' equity 117,465 111,072 107,211
Total liabilities and shareholders' equity 1,435,958 1,386,227 1,369,970
Series 2009 Preferred Stock [Member]
     
Shareholders' Equity      
Preferred stock and related surplus - authorized 250,000 shares; Series 2009, 8% Non-cumulative convertible preferred stock, par value $1.00; issued 3,710 shares Series 2011, 8% Non-cumulative convertible preferred stock, par value $1.00; issued 2014 - 11,914, December 2013 - 11,938 shares, June 2013 - 11,978 shares 3,519 3,519 3,519
Series 2011 Preferred Stock [Member]
     
Shareholders' Equity      
Preferred stock and related surplus - authorized 250,000 shares; Series 2009, 8% Non-cumulative convertible preferred stock, par value $1.00; issued 3,710 shares Series 2011, 8% Non-cumulative convertible preferred stock, par value $1.00; issued 2014 - 11,914, December 2013 - 11,938 shares, June 2013 - 11,978 shares $ 5,764 $ 5,776 $ 5,796