|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 79,423 |
$ 69,735 |
| Securities available-for-sale |
181,496 |
228,836 |
| Restricted securities |
7,028 |
9,150 |
| Loans |
561,476 |
582,395 |
| Allowance for loan losses |
(21,070) |
(21,232) |
| Net loans |
540,406 |
561,163 |
| Bank-owned life insurance |
32,146 |
31,412 |
| Mortgage servicing rights |
1,997 |
2,089 |
| Premises and equipment, net |
23,098 |
23,754 |
| Other intangible assets, net |
4,551 |
5,264 |
| Other real estate owned |
28,601 |
29,667 |
| Other assets |
6,079 |
6,914 |
| Total assets |
904,825 |
967,984 |
| Deposits |
|
|
| Non-interest-bearing |
118,733 |
134,137 |
| Interest-bearing |
663,864 |
714,501 |
| Total deposits |
782,597 |
848,638 |
| Federal funds purchased and securities sold under agreements to repurchase |
16,669 |
18,036 |
| Federal Home Loan Bank advances |
30,057 |
23,058 |
| Notes payable |
10,345 |
10,440 |
| Series B mandatory redeemable preferred stock |
268 |
268 |
| Subordinated debentures |
20,620 |
20,620 |
| Other liabilities |
15,562 |
14,355 |
| Total liabilities |
876,118 |
935,415 |
| Commitments and contingent liabilities |
|
|
| Stockholders' equity |
|
|
| Common stock, $1 par value, 15,000,000 shares authorized; 7,453,555 shares issued at September 30, 2012 and December 31, 2011 |
7,454 |
7,454 |
| Surplus |
74,581 |
74,558 |
| Accumulated deficit |
(65,834) |
(60,064) |
| Accumulated other comprehensive income |
1,989 |
569 |
| Total stockholders' equity including treasury stock |
50,584 |
54,446 |
| Treasury stock, at cost, 1,390,114 shares at September 30, 2012 and December 31, 2011 |
(21,877) |
(21,877) |
| Total stockholders' equity |
28,707 |
32,569 |
| Total liabilities and stockholders' equity |
904,825 |
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 |
$ 31,894 |
$ 31,429 |