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Consolidated Balance Sheets (unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
[1]
Sep. 30, 2014
ASSETS      
Cash and due from banks $ 4,232,000 $ 3,728,000 $ 3,933,000
Interest bearing deposits with other banks 8,057,000 8,782,000 9,300,000
Cash and cash equivalents 12,289,000 12,510,000 13,233,000
Securities available for sale 272,127,000 282,834,000 282,401,000
Other investments 7,016,000 6,183,000 7,393,000
Loans held for sale, net 83,000 527,000 319,000
Loans, net 1,062,348,000 1,019,842,000 993,347,000
Property held for sale 29,713,000 37,529,000 47,252,000
Premises and equipment, net 20,457,000 20,060,000 20,131,000
Accrued interest receivable 5,295,000 5,838,000 5,467,000
Intangible assets 7,548,000 7,698,000 7,748,000
Cash surrender value of life insurance policies 37,481,000 36,700,000 36,417,000
Other assets 14,947,000 13,847,000 14,961,000
Total assets 1,469,304,000 1,443,568,000 1,428,669,000
Deposits      
Non interest bearing 118,887,000 115,427,000 104,442,000
Interest bearing 953,204,000 945,887,000 950,012,000
Total deposits 1,072,091,000 1,061,314,000 1,054,454,000
Short-term borrowings 145,291,000 123,633,000 127,432,000
Long-term borrowings 76,059,000 77,490,000 78,466,000
Subordinated debentures 0 16,800,000 16,800,000
Subordinated debentures owed to unconsolidated subsidiary trusts 19,589,000 19,589,000 19,589,000
Other liabilities 15,985,000 13,098,000 10,566,000
Total liabilities $ 1,329,015,000 $ 1,311,924,000 $ 1,307,307,000
Commitments and Contingencies
Shareholders' Equity      
Common stock and related surplus - authorized 20,000,000 shares: $2.50 par value; issued and outstanding 2015 - 10,658,199 shares, December 2014 - 8,301,746 shares, and September 2014 - 7,457,222 shares $ 45,612,000 $ 32,670,000 $ 24,691,000
Unallocated common stock held by Employee Stock Ownership Plan 2015 - 186,713 shares (2,017,000)    
Retained earnings 97,129,000 87,719,000 84,712,000
Accumulated other comprehensive income (435,000) 2,072,000 2,676,000
Total shareholders' equity 140,289,000 131,644,000 121,362,000
Total liabilities and shareholders' equity 1,469,304,000 1,443,568,000 1,428,669,000
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