|
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Assets |
|
|
| Cash and due from banks |
$ 16,088 |
$ 8,611 |
| Federal funds sold |
2,502 |
1,567 |
| Interest-bearing deposits |
5,472 |
5,774 |
| Cash and Cash Equivalents |
24,062 |
15,952 |
| Interest-bearing time deposits with banks |
1,244 |
250 |
| Investment securities available-for-sale |
57,246 |
45,101 |
| Mortgage loans held for sale |
245 |
830 |
| Loans, net of allowance for loan losses of $3,663 and $3,736 |
319,674 |
234,112 |
| Premises and equipment |
8,352 |
7,162 |
| Accrued interest receivable |
1,380 |
1,014 |
| Restricted investments in bank stocks |
1,030 |
1,429 |
| Cash value of life insurance |
8,338 |
6,706 |
| Foreclosed assets |
1,127 |
1,909 |
| Goodwill |
2,297 |
2,297 |
| Intangible assets |
1,670 |
547 |
| Other assets |
6,217 |
1,888 |
| Total Assets |
432,882 |
319,197 |
| Deposits: |
|
|
| Demand, non-interest bearing |
50,181 |
24,526 |
| Demand, interest-bearing |
127,992 |
97,576 |
| Savings and money market |
90,919 |
48,342 |
| Time |
113,253 |
99,001 |
| Total Deposits |
382,345 |
269,445 |
| Short-term borrowings |
|
11,000 |
| Long-term borrowings |
10,000 |
9,550 |
| Accrued interest payable |
197 |
214 |
| Other liabilities |
4,112 |
2,251 |
| Total Liabilities |
396,654 |
292,460 |
| Shareholders' Equity |
|
|
| Preferred stock, 2013 no par value; authorized 3,000,000 shares; 2012 none |
|
|
| Common stock, 2013 no par value; 2012 par value $0.50 per share; authorized 5,000,000 shares; issued 2013 2,703,840 shares; 2012 1,750,003 shares; outstanding 2013 2,703,840 shares; 2012 - 1,716,316 shares |
22,077 |
875 |
| Surplus |
124 |
11,350 |
| Retained earnings |
14,562 |
14,217 |
| Accumulated other comprehensive income (loss) |
(535) |
632 |
| Treasury stock, at cost 2013 - none; 2012 - 33,687 shares |
|
(337) |
| Total Shareholders' Equity |
36,228 |
26,737 |
| Total Liabilities and Shareholders' Equity |
$ 432,882 |
$ 319,197 |