Annual report pursuant to Section 13 and 15(d)

Consolidated Balance sheets

v2.4.0.8
Consolidated Balance sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 11,758 $ 8,512
Interest bearing deposits in other financial institutions 9,256 24,827
Federal funds sold 110 412
Total cash and cash equivalents 21,124 33,751
Securities available-for-sale 194,296 187,475
Loans held-for-sale 136 323
Loans receivable 437,821 436,981
Less: allowance for loan losses (7,189) (8,421)
Net loans receivable 430,632 428,560
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,480 2,483
Premises and equipment 17,260 17,678
Foreclosed real estate 1,084 425
Cash value of bank owned life insurance 16,396 12,516
Prepaid FDIC insurance premium 0 991
Other assets 6,959 4,557
Total assets 693,453 691,845
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 73,430 75,228
Interest bearing 499,463 491,181
Total 572,893 566,409
Repurchase agreements 14,031 16,298
Borrowed funds 30,898 33,207
Accrued expenses and other liabilities 8,870 8,280
Total liabilities 626,692 624,194
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: December 31, 2013 - 2,897,202 December 31, 2012 - 2,888,902 shares outstanding: December 31, 2013 - 2,841,164 December 31, 2012 - 2,839,137 361 361
Additional paid-in capital 5,229 5,189
Accumulated other comprehensive income (3,151) 2,339
Retained earnings 65,519 60,817
Treasury stock, common shares at cost: December 31, 2013 - 56,038 December 31, 2012 - 49,765 (1,197) (1,055)
Total stockholders' equity 66,761 67,651
Total liabilities and stockholders' equity $ 693,453 $ 691,845