|
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Assets |
|
|
| Cash and due from banks |
$ 2,485 |
$ 2,468 |
| Interest earning deposits with banks |
14,173 |
17,956 |
| Total cash and cash equivalents |
16,658 |
20,424 |
| Securities available for sale |
117,304 |
120,206 |
| Loans receivable, net of allowance for loan losses of $4,869 and $5,350 |
352,430 |
333,801 |
| Federal bank stocks, at cost |
3,977 |
2,885 |
| Bank-owned life insurance |
10,401 |
10,072 |
| Accrued interest receivable |
1,466 |
1,533 |
| Premises and equipment, net |
12,310 |
9,180 |
| Goodwill |
3,664 |
3,664 |
| Core deposit intangible, net |
965 |
1,235 |
| Prepaid expenses and other assets |
6,667 |
6,014 |
| Total Assets |
525,842 |
509,014 |
| Deposits: |
|
|
| Non-interest bearing |
104,269 |
98,559 |
| Interest bearing |
327,737 |
333,900 |
| Total deposits |
432,006 |
432,459 |
| Borrowed funds |
44,150 |
20,000 |
| Accrued interest payable |
292 |
442 |
| Accrued expenses and other liabilities |
4,322 |
4,388 |
| Total Liabilities |
480,770 |
457,289 |
| Commitments and Contingent Liabilities |
|
|
| Stockholders' Equity |
|
|
| Common stock, $1.25 par value, 12,000,000 shares authorized; 1,870,675 and 1,861,425 shares issued; 1,768,658 and 1,759,408 shares outstanding |
2,338 |
2,327 |
| Additional paid-in capital |
19,478 |
19,270 |
| Treasury stock, at cost; 102,017 shares |
(2,114) |
(2,114) |
| Retained earnings |
23,650 |
21,672 |
| Accumulated other comprehensive income (loss) |
(3,280) |
570 |
| Total Stockholders' Equity |
45,072 |
51,725 |
| Total Liabilities and Stockholders' Equity |
525,842 |
509,014 |
|
Series B Non Cumulative Preferred Stock [Member]
|
|
|
| Stockholders' Equity |
|
|
| Preferred stock, $1.00 par value, 3,000,000 shares authorized; Series B, non-cumulative preferred stock, $5,000 and $10,000 liquidation value, 5,000 and 10,000 shares issued and outstanding |
$ 5,000 |
$ 10,000 |