|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Cash and cash equivalents |
|
|
| Cash and demand deposits due from banks |
$ 21,755 |
$ 22,634 |
| Interest bearing balances due from banks |
19,803 |
2,286 |
| Total cash and cash equivalents |
41,558 |
24,920 |
| Certificates of deposit held in other financial institutions |
580 |
4,465 |
| Trading securities |
525 |
1,573 |
| AFS securities (amortized cost of $517,614 in 2013 and $490,420 in 2012) |
512,062 |
504,010 |
| Mortgage loans AFS |
1,104 |
3,633 |
| Loans |
|
|
| Commercial |
392,104 |
371,505 |
| Agricultural |
92,589 |
83,606 |
| Residential real estate |
289,931 |
284,148 |
| Consumer |
33,413 |
33,494 |
| Gross loans |
808,037 |
772,753 |
| Less allowance for loan losses |
11,500 |
11,936 |
| Net loans |
796,537 |
760,817 |
| Premises and equipment |
25,719 |
25,787 |
| Corporate owned life insurance |
24,401 |
22,773 |
| Accrued interest receivable |
5,442 |
5,227 |
| Equity securities without readily determinable fair values |
18,293 |
18,118 |
| Goodwill and other intangible assets |
46,311 |
46,532 |
| Other assets |
20,605 |
12,784 |
| TOTAL ASSETS |
1,493,137 |
1,430,639 |
| Deposits |
|
|
| Noninterest bearing |
158,428 |
143,735 |
| NOW accounts |
192,089 |
181,259 |
| Certificates of deposit under $100 and other savings |
455,547 |
455,546 |
| Certificates of deposit over $100 |
237,702 |
237,127 |
| Total deposits |
1,043,766 |
1,017,667 |
| Borrowed funds |
279,326 |
241,001 |
| Accrued interest payable and other liabilities |
9,436 |
7,482 |
| Total liabilities |
1,332,528 |
1,266,150 |
| Shareholders' equity |
|
|
| Common stock — no par value 15,000,000 shares authorized; issued and outstanding 7,723,023 shares (including 12,761 shares held in the Rabbi Trust) in 2013 and 7,671,846 shares (including 5,130 shares held in the Rabbi Trust) in 2012 |
137,580 |
136,580 |
| Shares to be issued for deferred compensation obligations |
4,148 |
3,734 |
| Retained earnings |
25,222 |
19,168 |
| Accumulated other comprehensive income |
(6,341) |
5,007 |
| Total shareholders' equity |
160,609 |
164,489 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
$ 1,493,137 |
$ 1,430,639 |