|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| ASSETS |
|
|
| Cash and due from banks |
$ 8,239 |
$ 11,517 |
| Interest-bearing bank balances |
5,668 |
6,779 |
| Federal funds sold and securities purchased under agreements to resell |
259 |
412 |
| Investment securities - available for sale |
224,355 |
203,445 |
| Other investments, at cost |
2,674 |
2,527 |
| Loans held for sale |
3,790 |
9,658 |
| Loans |
347,597 |
332,111 |
| Less, allowance for loan losses |
4,219 |
4,621 |
| Net loans |
343,378 |
327,490 |
| Property, furniture and equipment - net |
19,444 |
17,258 |
| Bank owned life insurance |
11,072 |
10,868 |
| Other real estate owned |
3,370 |
3,987 |
| Intangible assets |
|
160 |
| Goodwill |
571 |
571 |
| Other assets |
10,489 |
8,253 |
| Total assets |
633,309 |
602,925 |
| Deposits: |
|
|
| Non-interest bearing demand |
111,198 |
97,526 |
| NOW and money market accounts |
174,224 |
150,874 |
| Savings |
51,134 |
41,100 |
| Time deposits less than $100,000 |
96,096 |
111,182 |
| Time deposits $100,000 and over |
64,419 |
74,295 |
| Total deposits |
497,071 |
474,977 |
| Securities sold under agreements to repurchase |
18,634 |
15,900 |
| Federal Home Loan Bank advances |
43,325 |
36,344 |
| Junior subordinated debt |
15,464 |
15,464 |
| Other liabilities |
6,144 |
6,057 |
| Total liabilities |
580,638 |
548,742 |
| Commitments and Contingencies (Note 15) |
|
|
| SHAREHOLDERS' EQUITY |
|
|
| Preferred stock, par value $1.00 per share; 10,000,000 shares authorized; 0 issued and outstanding at December 31, 2013 and 2012 |
|
|
| Common stock, par value $1.00 per share; 10,000,000 shares authorized; issued and outstanding 5,302,674 at December 31, 2013 and 5,227,300 at December 31, 2012 |
5,303 |
5,227 |
| Common stock warrants issued |
48 |
50 |
| Nonvested restricted stock |
(444) |
(152) |
| Additional paid in capital |
62,214 |
61,615 |
| Accumulated Deficit |
(11,923) |
(14,915) |
| Accumulated other comprehensive income (loss) |
(2,527) |
2,358 |
| Total shareholders' equity |
52,671 |
54,183 |
| Total liabilities and shareholders' equity |
$ 633,309 |
$ 602,925 |