Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS:    
Cash and due from banks $ 13,476 $ 12,598
Interest bearing deposits 52,512 50,505
Total cash and cash equivalents 65,988 63,103
Securities available-for-sale 269,282 354,131
Loans held for sale 470 3,887
Loans, net of unearned fees 466,862 524,835
Allowance for loan losses (9,576) (17,265)
Net loans 457,286 507,570
Federal Home Loan Bank stock 4,430 4,805
Cash surrender value of life insurance 10,428 10,060
Premises and equipment, net 23,773 27,048
Real estate owned:    
Acquired through foreclosure, net of valuation allowance of $581 (2013) and $500 (2012) 11,657 22,286
Bank lots 1,469 0
Other repossessed assets 37 34
Accrued interest receivable 2,224 2,690
Accrued income taxes 2,907 2,928
Low-income housing investments 6,965 7,061
Other assets 1,701 1,459
TOTAL ASSETS 858,617 1,007,062
Deposits:    
Non-interest bearing 78,480 75,842
Interest bearing 705,007 846,778
Total deposits 783,487 922,620
Advances from Federal Home Loan Bank 12,389 12,596
Subordinated debentures 18,000 18,000
Accrued interest payable 4,485 3,121
Accrued senior preferred dividend 3,469 2,469
Accounts payable and other liabilities 3,968 3,884
TOTAL LIABILITIES 825,798 962,690
Commitments and contingent liabilities (See Note 20) 0 0
STOCKHOLDERS' EQUITY:    
Senior preferred stock, $1 par value per share; authorized 5,000,000 shares; issued and outstanding, 20,000 shares with a liquidation preference of $23.5 million (2013), and $22.5 million (2012) 19,997 19,943
Common stock, $1 par value per share; authorized 35,000,000 shares; issued and outstanding, 4,870,887 shares (2013), and 4,775,114 shares (2012) 4,871 4,775
Additional paid-in capital 36,230 35,782
Accumulated deficit (17,711) (17,398)
Accumulated other comprehensive income/(loss) (10,568) 1,270
TOTAL STOCKHOLDERS' EQUITY 32,819 44,372
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 858,617 $ 1,007,062