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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 33,843 $ 30,333
Interest-bearing deposits with banks 22,333 13,899
Federal funds sold 5,845 386
Total cash and cash equivalents 62,021 44,618
Securities held-to-maturity, at amortized cost 7,651 8,193
Securities available-for-sale, at fair value 236,476 254,746
Other securities 5,787 7,235
Total securities 249,914 270,174
Loans held for sale 1,864 2,103
Loans 731,037 704,531
Allowance for loan losses (6,419) (6,095)
Loans, net 726,482 700,539
Premises and equipment 33,571 34,810
Interest receivable 3,628 3,659
Cash surrender value of life insurance 14,670 14,463
Goodwill 12,276 12,276
Other real estate owned 4,116 4,655
Other assets 10,970 8,574
TOTAL ASSETS 1,117,648 1,093,768
Deposits:    
Noninterest-bearing 193,810 201,362
Interest-bearing 768,289 691,413
TOTAL DEPOSITS 962,099 892,775
Interest payable 255 316
Borrowed funds 43,991 89,450
Subordinated debentures 10,310 10,310
Other liabilities 2,559 4,701
TOTAL LIABILITIES 1,019,214 997,552
STOCKHOLDERS' EQUITY:    
Preferred stock, no par value, $1,000 per share liquidation, 10,000,000 shares authorized; 17,123 issued and outstanding at June 30, 2015 and December 31, 2014, respectively 17,123 17,123
Common stock, par value $1 per share, 20,000,000 shares authorized and 5,400,909 shares issued at June 30, 2015; 10,000,000 shares authorized and 5,342,670 shares issued at December 31, 2014, respectively 5,401 5,343
Additional paid-in capital 44,294 44,421
Retained earnings 31,613 27,975
Accumulated other comprehensive income 467 1,818
Treasury stock, at cost, 26,494 shares at June 30, 2015 and at December 31, 2014 (464) (464)
TOTAL STOCKHOLDERS’ EQUITY 98,434 96,216
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,117,648 $ 1,093,768