Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.3.0.15
Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 10,749 $ 7,427
Interest bearing balances in financial institutions 5,207 90
Federal funds sold 7,358 3,421
Total cash and cash equivalents 23,314 10,938
Securities available-for-sale 184,391 142,055
Securities held-to-maturity 0 18,397
Loans held-for-sale 414 422
Loans receivable 407,095 418,233
Less: allowance for loan losses (8,362) (9,121)
Net loans receivable 398,733 409,112
Federal Home Loan Bank stock 3,086 3,381
Accrued interest receivable 2,325 2,591
Premises and equipment 18,383 19,293
Foreclosed real estate 1,606 3,298
Cash value of bank owned life insurance 12,751 12,452
Prepaid FDIC insurance premium 1,655 2,425
Other assets 4,299 6,689
Total assets 650,957 631,053
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 61,737 50,712
Interest bearing 465,926 469,559
Total 527,663 520,271
Repurchase agreements 24,258 16,074
Borrowed funds 29,555 32,544
Accrued expenses and other liabilities 7,408 6,075
Total liabilities 588,884 574,964
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, 2011 - 2,888,902 December 31, 2010 - 2,888,902 shares outstanding: September 30, 2011 - 2,833,204 December 31, 2010 - 2,826,796 361 361
Additional paid in capital 5,167 5,140
Accumulated other comprehensive income/(loss) 2,666 (492)
Retained earnings 55,066 52,398
Treasury stock, common shares at cost: September 30, 2011 - 55,698 December 31, 2010 - 62,106 (1,187) (1,318)
Total stockholders' equity 62,073 56,089
Total liabilities and stockholders' equity $ 650,957 $ 631,053