|
Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Assets |
|
|
| Cash and due from banks |
$ 32,710 |
$ 17,149 |
| Federal Funds Sold |
1,350 |
|
| Cash and cash equivalents |
34,060 |
17,149 |
| Available-for-sale investment securities at fair value (amortized cost of $124,118 and $134,035) |
121,659 |
135,288 |
| Held-to-maturity investment securities (fair value of $63,402 and $68,307) |
65,299 |
66,024 |
| Total investments securities |
186,958 |
201,312 |
| Loans and leases |
415,354 |
396,498 |
| Allowance for credit losses |
(4,623) |
(6,838) |
| Net loans and leases |
410,731 |
389,660 |
| Restricted stock |
2,903 |
3,426 |
| Office property and equipment, net |
8,218 |
8,456 |
| Accrued interest receivable |
2,297 |
2,470 |
| Other real estate owned & other repossessed property |
1,096 |
1,237 |
| Bank owned life insurance (BOLI) |
8,863 |
8,625 |
| Core deposit intangible |
111 |
181 |
| Net deferred taxes |
3,788 |
3,561 |
| Other assets |
2,448 |
3,491 |
| Total assets |
661,473 |
639,568 |
| Liabilities |
|
|
| Non-interest-bearing deposits |
101,853 |
85,055 |
| Interest-bearing deposits: |
|
|
| NOW |
170,427 |
161,844 |
| Money market |
130,835 |
122,953 |
| Savings |
60,090 |
58,256 |
| Time |
95,542 |
102,316 |
| Total deposits |
558,747 |
530,424 |
| Federal Home Loan Bank of Pittsburgh (FHLBP) advances |
10,000 |
20,000 |
| Repurchase agreements |
19,854 |
17,014 |
| Junior subordinated debentures |
9,279 |
9,279 |
| Other borrowings |
541 |
571 |
| Total borrowings |
39,674 |
46,864 |
| Accrued interest payable |
376 |
421 |
| Other liabilities |
4,093 |
5,154 |
| Total liabilities |
602,890 |
582,863 |
| Commitments and contingencies (Note 14) |
|
|
| Stockholders' Equity |
|
|
| Preferred stock, $10.00 par value; 1,000,000 shares authorized; $1,000 liquidation preference per share; 13,000 shares issued and outstanding |
12,995 |
12,978 |
| Common stock, $1.00 par value; 10,000,000 shares authorized; 2,896,703 and 2,882,503 issued, respectively |
2,910 |
2,899 |
| Treasury stock, at cost; 142,772 and 162,803 shares, respectively |
(2,629) |
(2,999) |
| Surplus |
34,441 |
34,274 |
| Retained earnings |
13,239 |
10,236 |
| Accumulated other comprehensive loss, net |
(2,373) |
(683) |
| Total stockholders' equity |
58,583 |
56,705 |
| Total liabilities and stockholders' equity |
$ 661,473 |
$ 639,568 |