Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and due from banks $ 32,895 $ 71,290
Interest bearing deposits in banks 10,168 11,778
Cash and cash equivalents 43,063 83,068
Investment securities - available-for-sale (at fair value) 336,589 223,273
Investment securities - held to maturity (fair value $3,590 at December 31, 2013 and $4,347 at December 31, 2012, respectively) 3,900 4,040
Restricted investment in bank stock, at cost 7,913 8,349
Loans 810,240 874,829
Allowance for loan losses (13,594) (16,047)
Net loans 796,646 858,782
Premises and equipment, net 26,905 29,455
Goodwill 11,004 11,004
Bank owned life insurance 32,413 31,407
Deferred tax assets 29,209 28,882
Other real estate owned 17,031 17,513
Accrued interest receivable and other assets 28,830 25,010
Total Assets 1,333,503 1,320,783
Liabilities:    
Non-interest bearing deposits 189,500 161,500
Interest bearing deposits 787,903 815,384
Total deposits 977,403 976,884
Short-term borrowings 43,676 39,257
Long-term borrowings 182,672 182,735
Accrued interest payable and other liabilities 28,412 23,002
Total Liabilities 1,232,163 1,221,878
Shareholders' Equity:    
Preferred stock - no par value; Authorized 2,000 shares of which 30 shares of Series A, $1,000 per share liquidation preference, 5% cumulative increasing to 9% cumulative on February 15, 2014, were issued and outstanding on December 31, 2013 and December 31, 2012 (discount of $6 and $75, respectively) 29,994 29,925
Common Stock - par value $.01 per share; Authorized 25,000 shares; issued and outstanding 6,211 shares at December 31, 2013 and 6,199 share at December 31, 2012 62 62
Surplus 21,661 21,573
Retained earnings 73,836 69,168
Accumulated other comprehensive loss (24,213) (21,823)
Total Shareholders' Equity 101,340 98,905
Total Liabilities and Shareholders' Equity $ 1,333,503 $ 1,320,783