Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance sheets

v2.4.0.6
Consolidated Balance sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 6,487 $ 8,512
Interest bearing balances in financial institutions 16,311 19,832
Federal funds sold 1,582 5,407
Total cash and cash equivalents 24,380 33,751
Securities available-for-sale 190,462 187,475
Loans held-for-sale 120 323
Loans receivable 440,926 436,981
Less: allowance for loan losses (8,347) (8,421)
Net loans receivable 432,579 428,560
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,367 2,483
Premises and equipment 17,432 17,678
Foreclosed real estate 447 425
Cash value of bank owned life insurance 12,603 12,516
Prepaid FDIC insurance premium 879 991
Other assets 4,463 4,557
Total assets 688,818 691,845
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 76,121 75,228
Interest bearing 486,233 491,181
Total 562,354 566,409
Repurchase agreements 16,685 16,298
Borrowed funds 34,280 33,207
Accrued expenses and other liabilities 7,384 8,280
Total liabilities 620,703 624,194
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: March 31, 2013 - 2,892,852 December 31, 2012 - 2,888,902 shares outstanding: March 31, 2013 - 2,841,346 December 31, 2012 - 2,839,137 361 361
Additional paid in capital 5,195 5,189
Accumulated other comprehensive income 1,702 2,339
Retained earnings 61,947 60,817
Treasury stock, common shares at cost: March 31, 2013 - 51,506 December 31, 2012 - 49,765 (1,090) (1,055)
Total stockholders' equity 68,115 67,651
Total liabilities and stockholders' equity $ 688,818 $ 691,845