Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance sheets

v2.4.0.8
Consolidated Balance sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 7,711 $ 8,512
Interest bearing balances in financial institutions 21,082 19,832
Federal funds sold 10,312 5,407
Total cash and cash equivalents 39,105 33,751
Securities available-for-sale 186,307 187,475
Loans held-for-sale 170 323
Loans receivable 428,806 436,981
Less: allowance for loan losses (7,612) (8,421)
Net loans receivable 421,194 428,560
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,359 2,483
Premises and equipment 17,217 17,678
Foreclosed real estate 1,657 425
Cash value of bank owned life insurance 16,285 12,516
Prepaid FDIC insurance premium 0 991
Other assets 6,057 4,557
Total assets 693,437 691,845
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 78,669 75,228
Interest bearing 488,761 491,181
Total 567,430 566,409
Repurchase agreements 20,543 16,298
Borrowed funds 31,309 33,207
Accrued expenses and other liabilities 6,940 8,280
Total liabilities 626,222 624,194
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: September 30, 2013 - 2,897,202 December 31, 2012 - 2,888,902 shares outstanding: September 30, 2013 - 2,840,757 December 31, 2012 - 2,839,137 361 361
Additional paid in capital 5,216 5,189
Accumulated other comprehensive (loss)/income (1,937) 2,339
Retained earnings 64,780 60,817
Treasury stock, common shares at cost: September 30, 2013 - 56,445 December 31, 2012 - 49,765 (1,205) (1,055)
Total stockholders' equity 67,215 67,651
Total liabilities and stockholders' equity $ 693,437 $ 691,845