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Consolidated Balance Sheets (unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
[1]
Jun. 30, 2014
ASSETS      
Cash and due from banks $ 3,988,000 $ 3,728,000 $ 3,749,000
Interest bearing deposits with other banks 9,274,000 8,782,000 9,970,000
Cash and cash equivalents 13,262,000 12,510,000 13,719,000
Securities available for sale 276,661,000 282,834,000 287,883,000
Other investments 8,583,000 6,183,000 7,436,000
Loans held for sale, net 0 527,000 413,000
Loans, net 1,064,472,000 1,019,842,000 992,816,000
Property held for sale 31,500,000 37,529,000 48,783,000
Premises and equipment, net 20,490,000 20,060,000 20,301,000
Accrued interest receivable 5,473,000 5,838,000 5,683,000
Intangible assets 7,598,000 7,698,000 7,798,000
Cash surrender value of life insurance policies 37,222,000 36,700,000 36,151,000
Other assets 14,708,000 13,847,000 14,975,000
Total assets 1,479,969,000 1,443,568,000 1,435,958,000
Deposits      
Non interest bearing 113,256,000 115,427,000 106,134,000
Interest bearing 940,054,000 945,887,000 951,661,000
Total deposits 1,053,310,000 1,061,314,000 1,057,795,000
Short-term borrowings 174,599,000 123,633,000 91,729,000
Long-term borrowings 76,536,000 77,490,000 121,942,000
Subordinated debentures 2,500,000 16,800,000 16,800,000
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589,000 19,589,000 19,589,000
Other liabilities 13,363,000 13,098,000 10,638,000
Total liabilities $ 1,339,897,000 $ 1,311,924,000 $ 1,318,493,000
Commitments and Contingencies      
Shareholders' Equity      
Common stock and related surplus - authorized 20,000,000 shares; $2.50 par value; issued and outstanding 2015 - 10,843,676 shares, December 2014 - 8,301,746 shares, and June 2014 - 7,457,222 shares $ 45,563,000 $ 32,670,000 $ 24,691,000
Retained earnings 94,318,000 87,719,000 81,569,000
Accumulated other comprehensive income 191,000 2,072,000 1,922,000
Total shareholders' equity 140,072,000 131,644,000 117,465,000
Total liabilities and shareholders' equity 1,479,969,000 1,443,568,000 1,435,958,000
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 December 2014 - 3,610 shares, and June 2014 - 3,710 shares and Series 2011, 8% Non-cumulative convertible preferred stock, par value $1.00; issued December 2014 - 11,914 shares, and June 2014 - 11,914 shares 0 3,419,000 3,519,000
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 December 2014 - 3,610 shares, and June 2014 - 3,710 shares and Series 2011, 8% Non-cumulative convertible preferred stock, par value $1.00; issued December 2014 - 11,914 shares, and June 2014 - 11,914 shares $ 0 $ 5,764,000 $ 5,764,000
[1] December 31, 2014 financial information has been extracted from audited consolidated financial statements