|
Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| ASSETS |
|
|
| CASH AND DUE FROM BANKS |
$ 10,276 |
$ 12,181 |
| INTEREST-BEARING DEPOSITS IN OTHER BANKS |
37,444 |
41,945 |
| Total cash and cash equivalents |
47,720 |
54,126 |
| FEDERAL FUNDS SOLD |
|
5,000 |
| INVESTMENT SECURITIES AVAILABLE-FOR-SALE, at fair value |
135,754 |
92,614 |
| INVESTMENT SECURITIES HELD TO MATURITY, at amortized cost |
35,050 |
21,136 |
| FEDERAL HOME LOAN BANK STOCK, at cost |
906 |
936 |
| LOANS, net of allowance for loan losses of $9,396 and $19,278, respectively |
300,927 |
337,400 |
| PREMISES AND EQUIPMENT, net of accumulated depreciation of $18,178 and $17,760, respectively |
8,928 |
8,903 |
| CASH SURRENDER VALUE OF BANK-OWNED LIFE INSURANCE |
13,650 |
13,303 |
| ACCRUED INTEREST RECEIVABLE |
2,702 |
3,101 |
| OTHER REAL ESTATE OWNED |
9,310 |
13,286 |
| OTHER ASSETS |
14,854 |
17,328 |
| TOTAL ASSETS |
569,801 |
567,133 |
| DEPOSITS: |
|
|
| Demand, non-interest-bearing |
64,432 |
57,747 |
| Demand, interest-bearing |
137,285 |
124,219 |
| Savings |
70,838 |
65,296 |
| Time, $100 and over |
93,007 |
108,927 |
| Other time |
118,717 |
132,845 |
| Total deposits |
484,279 |
489,034 |
| ACCRUED INTEREST EXPENSE |
266 |
413 |
| OTHER LIABILITIES |
8,930 |
8,401 |
| SHORT-TERM BORROWINGS |
1,231 |
638 |
| LONG-TERM DEBT |
5,000 |
0 |
| TOTAL LIABILITIES |
499,706 |
498,486 |
| COMMITMENTS AND CONTINGENCIES (SEE NOTE 18) |
|
|
| SHAREHOLDERS' EQUITY: |
|
|
| Common stock, par value $.01 per share; 10,000,000 shares authorized; 7,327,560 shares issued; 6,028,091 shares and 6,023,622 shares outstanding for December 31, 2013 and 2012, respectively |
73 |
73 |
| Surplus |
9,284 |
9,284 |
| Accumulated other comprehensive income, net of tax |
529 |
3,139 |
| Retained earnings |
81,214 |
77,287 |
| Treasury stock, 1,299,469 and 1,303,938 shares at cost for 2013 and 2012, respectively |
(20,992) |
(21,123) |
| Noncontrolling interest |
(13) |
(13) |
| TOTAL SHAREHOLDERS' EQUITY |
70,095 |
68,647 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
$ 569,801 |
$ 567,133 |