|
Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| Cash and cash equivalents |
|
|
| Cash and due from banks |
$ 12,913 |
$ 12,519 |
| Interest-earning deposits in other banks |
41,762 |
69,739 |
| Total cash and cash equivalents |
54,675 |
82,258 |
| Securities |
|
|
| Available-for-sale, at fair value |
134,889 |
123,026 |
| Restricted stock, at cost |
5,463 |
5,463 |
| Total securities |
140,352 |
128,489 |
| Loans held for sale |
540 |
0 |
| Loans |
352,748 |
324,182 |
| Less allowance for loan losses |
4,661 |
4,082 |
| Net loans |
348,087 |
320,100 |
| Premises and equipment, net |
8,425 |
8,513 |
| Core deposit intangible |
931 |
1,034 |
| Goodwill |
4,728 |
4,728 |
| Bank-owned life insurance |
8,237 |
3,068 |
| Accrued interest receivable and other assets |
2,808 |
3,043 |
| TOTAL ASSETS |
568,783 |
551,233 |
| Deposits |
|
|
| Noninterest-bearing |
91,022 |
85,890 |
| Interest-bearing |
363,277 |
357,663 |
| Total deposits |
454,299 |
443,553 |
| Short-term borrowings |
43,011 |
37,073 |
| Other borrowings |
16,738 |
19,161 |
| Accrued interest payable and other liabilities |
2,634 |
2,017 |
| Total liabilities |
516,682 |
501,804 |
| SHAREHOLDERS' EQUITY |
|
|
| Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding 2,734,799 shares in 2012 and 2011 |
18,629 |
18,629 |
| Additional paid-in capital |
9,994 |
9,994 |
| Retained earnings |
26,342 |
24,391 |
| Treasury stock at cost - 245,803 shares in 2012 and 2011 |
(5,015) |
(5,015) |
| Accumulated other comprehensive income |
2,151 |
1,430 |
| Total shareholders' equity |
52,101 |
49,429 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
$ 568,783 |
$ 551,233 |