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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 26,110 $ 20,225
Interest-bearing deposits with banks 24,326 9,588
Federal funds sold 1,328 1,064
Total cash and cash equivalents 51,764 30,877
Securities held-to-maturity, at amortized cost 8,446 8,470
Securities available-for-sale, at fair value 251,813 214,393
Other securities 4,624 3,438
Total securities 264,883 226,301
Loans held for sale 1,399 5,586
Loans 571,114 408,112
Allowance for loan losses (5,672) (4,727)
Loans, net 566,841 408,971
Premises and equipment 32,551 22,243
Interest receivable 3,377 2,887
Cash surrender value of life insurance 6,548 6,441
Goodwill 10,621 9,362
Other assets 10,018 7,522
Other real estate owned 5,292 6,782
TOTAL ASSETS 951,895 721,386
Deposits:    
Noninterest-bearing 169,001 109,625
Interest-bearing 644,964 487,002
TOTAL DEPOSITS 813,965 596,627
Interest payable 413 212
Borrowed funds 30,000 36,771
Subordinated debentures 10,310 10,310
Other liabilities 13,447 11,580
TOTAL LIABILITIES 868,135 655,500
STOCKHOLDERS’ EQUITY:    
Preferred stock, no par value, $1,000 per 2012, share liquidation, 10,000,000 shares authorized; 17,123 issued and outstanding at September 30, 2013 and December 31, 2012 respectively 17,082 17,021
Common stock, par value $1 per share, 10,000,000 shares authorized; 5,133,625 shares issued at September 30, 2013 and 3,133,596 at December 31, 2012, respectively 5,134 3,134
Additional paid-in capital 41,994 23,711
Retained earnings 21,305 19,951
Accumulated other comprehensive income (loss) (1,291) 2,533
Treasury stock, at cost, 26,494 shares at September 30, 2013 and at December 31, 2012 (464) (464)
TOTAL STOCKHOLDERS’ EQUITY 83,760 65,886
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 951,895 $ 721,386