|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| ASSETS |
|
|
| Cash and due from banks |
$ 3,534,000 |
$ 2,472,000 |
| Interest-earning deposits with banks |
82,119,000 |
62,498,000 |
| Total cash and cash equivalents |
85,653,000 |
64,970,000 |
| Restricted interest-earning deposits with banks |
1,273,000 |
3,520,000 |
| Securities available for sale (amortized cost of $5.8 million and $4.8 million at December 31, 2013 and December 31, 2012, respectively) |
5,387,000 |
4,845,000 |
| Net investment in leases and loans |
597,075,000 |
503,017,000 |
| Property and equipment, Net |
2,265,000 |
1,970,000 |
| Property tax receivables |
377,000 |
397,000 |
| Other assets |
10,177,000 |
23,629,000 |
| Total assets |
702,207,000 |
602,348,000 |
| LIABILITIES AND STOCKHOLDERS EQUITY |
|
|
| Deposits |
503,038,000 |
378,188,000 |
| Long-term borrowings |
0 |
15,514,000 |
| Other liabilities: |
|
|
| Sales and property taxes payable |
4,035,000 |
4,505,000 |
| Accounts payable and accrued expenses |
14,220,000 |
12,062,000 |
| Net deferred income tax liability |
17,876,000 |
17,829,000 |
| Total liabilities |
539,169,000 |
428,098,000 |
| Stockholders' equity: |
|
|
| Common Stock, $0.01 par value; 75,000,000 shares authorized; 12,994,758 and 12,774,829 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively |
130,000 |
128,000 |
| Preferred Stock, $0.01 par value; 5,000,000 shares authorized; none issued |
0 |
0 |
| Additional paid-in capital |
91,730,000 |
87,494,000 |
| Stock subscription receivable |
(2,000) |
(2,000) |
| Accumulated other comprehensive income |
(257,000) |
55,000 |
| Retained earnings |
71,437,000 |
86,575,000 |
| Total stockholders' equity |
163,038,000 |
174,250,000 |
| Total liabilities and stockholders' equity |
$ 702,207,000 |
$ 602,348,000 |