|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| ASSETS |
|
|
| Cash and due from banks |
$ 1,438 |
$ 1,196 |
| Interest-bearing deposits in other banks |
31,635 |
21,599 |
| Cash and cash equivalents |
33,073 |
22,795 |
| Interest-bearing time deposits with other banks |
119 |
119 |
| Investments in available-for-sale securities |
22,765 |
|
| Investments in held-to-maturity securities, at cost |
71,992 |
89,391 |
| Federal Home Loan Bank stock, at cost |
7,627 |
8,038 |
| Loans held-for-sale |
4,042 |
15,877 |
| Loans, net of allowance for loan losses of $5,979 as of September 30, 2012 (unaudited) and $4,776 as of December 31, 2011 |
657,353 |
509,964 |
| Premises and equipment, net |
2,866 |
2,000 |
| Accrued interest receivable |
2,446 |
2,185 |
| Deferred tax asset, net |
4,243 |
4,315 |
| Income taxes receivable |
357 |
|
| Bank-owned life insurance |
12,761 |
12,420 |
| Other real estate owned |
661 |
|
| Other assets |
2,008 |
1,901 |
| Total assets |
822,313 |
669,005 |
| Deposits: |
|
|
| Noninterest-bearing |
109,427 |
55,900 |
| Interest-bearing |
469,198 |
374,754 |
| Total deposits |
578,625 |
430,654 |
| Federal Home Loan Bank advances |
97,600 |
95,600 |
| Securities sold under agreements to repurchase |
3,193 |
2,985 |
| Other borrowed funds |
1,463 |
1,502 |
| Accrued interest payable |
370 |
177 |
| Deferred compensation liability |
4,523 |
4,173 |
| Income taxes payable |
|
121 |
| Other liabilities |
3,841 |
2,287 |
| Total liabilities |
689,615 |
537,499 |
| Stockholders' Equity: |
|
|
| Common stock |
92 |
92 |
| Additional paid-in capital |
90,039 |
90,016 |
| Retained earnings |
46,867 |
45,951 |
| Accumulated other comprehensive income (loss) |
134 |
(5) |
| Unearned compensation - ESOP |
(4,434) |
(4,548) |
| Total equity |
132,698 |
131,506 |
| Total liabilities and stockholders' equity |
$ 822,313 |
$ 669,005 |