|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 48,253 |
$ 69,735 |
| Securities available-for-sale |
225,667 |
228,836 |
| Restricted securities |
7,028 |
9,150 |
| Loans |
567,908 |
582,395 |
| Allowance for loan losses |
(18,234) |
(21,232) |
| Net loans |
549,674 |
561,163 |
| Bank-owned life insurance |
31,900 |
31,412 |
| Mortgage servicing rights |
2,003 |
2,089 |
| Premises and equipment, net |
23,187 |
23,754 |
| Other intangible assets, net |
4,789 |
5,264 |
| Other real estate owned |
27,890 |
29,667 |
| Other assets |
6,183 |
6,914 |
| Total assets |
926,574 |
967,984 |
| Deposits |
|
|
| Non-interest-bearing |
122,107 |
134,137 |
| Interest-bearing |
660,157 |
714,501 |
| Total deposits |
782,264 |
848,638 |
| Federal funds purchased and securities sold under agreements to repurchase |
17,766 |
18,036 |
| Federal Home Loan Bank advances |
48,057 |
23,058 |
| Notes payable |
10,345 |
10,440 |
| Series B mandatory redeemable preferred stock |
268 |
268 |
| Subordinated debentures |
20,620 |
20,620 |
| Other liabilities |
14,853 |
14,355 |
| Total liabilities |
894,173 |
935,415 |
| Commitments and contingent liabilities |
|
|
| Stockholders' equity |
|
|
| Common stock, $1 par value, 15,000,000 shares authorized; 7,453,555 shares issued at June 30, 2012 and December 31, 2011 |
7,454 |
7,454 |
| Surplus |
74,570 |
74,558 |
| Accumulated deficit |
(61,831) |
(60,064) |
| Accumulated other comprehensive income |
1,846 |
569 |
| Total stockholders' equity including treasury stock |
54,278 |
54,446 |
| Treasury stock, at cost, 1,390,114 shares at June 30, 2012 and December 31, 2011 |
(21,877) |
(21,877) |
| Total stockholders' equity |
32,401 |
32,569 |
| Total liabilities and stockholders' equity |
926,574 |
967,984 |
|
Series A Convertible Preferred Stock [Member]
|
|
|
| Stockholders' equity |
|
|
| Preferred stock |
500 |
500 |
|
Series C Cumulative Perpetual Preferred Stock [Member]
|
|
|
| Stockholders' equity |
|
|
| Preferred stock |
$ 31,739 |
$ 31,429 |