Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 8,805 $ 9,875
Interest bearing balances in financial institutions 6,317 10,676
Federal funds sold 4,396 5,816
Total cash and cash equivalents 19,518 26,367
Securities available-for-sale 192,279 186,962
Loans held-for-sale 253 0
Loans receivable 432,512 401,401
Less: allowance for loan losses (8,573) (8,005)
Net loans receivable 423,939 393,396
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,303 2,554
Premises and equipment 17,675 18,242
Foreclosed real estate 936 2,457
Cash value of bank owned life insurance 12,426 12,850
Prepaid FDIC insurance premium 1,119 1,523
Other assets 5,087 4,321
Total assets 678,621 651,758
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 71,991 55,577
Interest bearing 475,683 471,304
Total 547,674 526,881
Repurchase agreements 23,290 15,395
Borrowed funds 34,401 36,618
Accrued expenses and other liabilities 5,856 9,904
Total liabilities 611,221 588,798
Stockholders' Equity:    
Preferred stock, no par or stated value; 10,000,000 shares authorized, none outstanding 0 0
Common stock, no par or stated value; 10,000,000 shares authorized; shares issued: September 30, 2012 - 2,888,902 December 31, 2011 - 2,888,902 shares outstanding: September 30, 2012 - 2,841,318 December 31, 2011 - 2,835,403 361 361
Additional paid in capital 5,184 5,173
Accumulated other comprehensive income 3,137 2,536
Retained earnings 59,738 56,032
Treasury stock, common shares at cost: September 30, 2012 - 47,584 December 31, 2011 - 53,499 (1,020) (1,142)
Total stockholders' equity 67,400 62,960
Total liabilities and stockholders' equity $ 678,621 $ 651,758