Annual report pursuant to Section 13 and 15(d)

Consolidated Balance sheet

v2.4.0.6
Consolidated Balance sheet (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 8,512 $ 9,875
Interest bearing deposits in other financial institutions 19,832 10,676
Federal funds sold 5,407 5,816
Total cash and cash equivalents 33,751 26,367
Securities available-for-sale 187,475 186,962
Loans held-for-sale 323 0
Loans receivable 436,981 401,401
Less: allowance for loan losses (8,421) (8,005)
Net loans receivable 428,560 393,396
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,483 2,554
Premises and equipment 17,678 18,242
Foreclosed real estate 425 2,457
Cash value of bank owned life insurance 12,516 12,850
Prepaid FDIC insurance premium 991 1,523
Other assets 4,557 4,321
Total assets 691,845 651,758
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 75,228 55,577
Interest bearing 491,181 471,304
Total 566,409 526,881
Repurchase agreements 16,298 15,395
Borrowed funds 33,207 36,618
Accrued expenses and other liabilities 8,280 9,904
Total liabilities 624,194 588,798
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: December 31, 2012 - 2,888,902 December 31, 2011 - 2,888,902 shares outstanding: December 31, 2012 - 2,839,137 December 31, 2011 - 2,835,403 361 361
Additional paid-in capital 5,189 5,173
Accumulated other comprehensive income 2,339 2,536
Retained earnings 60,817 56,032
Treasury stock, common shares at cost: December 31, 2012 - 49,765 December 31, 2011 - 53,499 (1,055) (1,142)
Total stockholders' equity 67,651 62,960
Total liabilities and stockholders' equity $ 691,845 $ 651,758