Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

 v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 9,673 $ 7,427
Interest bearing balances in financial institutions 4,215 90
Federal funds sold 4,077 3,421
Total cash and cash equivalents 17,965 10,938
Securities available-for-sale 161,995 142,055
Securities held-to-maturity 17,431 18,397
Loans held-for-sale 75 422
Loans receivable 406,061 418,233
Less: allowance for loan losses (8,138) (9,121)
Net loans receivable 397,923 409,112
Federal Home Loan Bank stock 3,086 3,381
Accrued interest receivable 2,669 2,591
Premises and equipment 18,621 19,293
Foreclosed real estate 1,275 3,298
Cash value of bank owned life insurance 12,653 12,452
Prepaid FDIC insurance premium 1,858 2,425
Other assets 5,733 6,689
Total assets 641,284 631,053
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 53,491 50,712
Interest bearing 464,757 469,559
Total 518,248 520,271
Repurchase agreements 21,388 16,074
Borrowed funds 29,336 32,544
Accrued expenses and other liabilities 13,154 6,075
Total liabilities 582,126 574,964
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: June 30, 2011 - 2,888,902 December 31, 2010 - 2,888,902 shares outstanding: June 30, 2011 - 2,830,978 December 31, 2010 - 2,826,796 361 361
Additional paid in capital 5,158 5,140
Accumulated other comprehensive income/(loss) 496 (492)
Retained earnings 54,375 52,398
Treasury stock, common shares at cost: June 30, 2011 - 57,924 December 31, 2010 - 62,106 (1,232) (1,318)
Total stockholders' equity 59,158 56,089
Total liabilities and stockholders' equity $ 641,284 $ 631,053