Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 8,513 $ 9,875
Interest bearing balances in financial institutions 16,733 10,676
Federal funds sold 5,382 5,816
Total cash and cash equivalents 30,628 26,367
Securities available-for-sale 188,104 186,962
Loans receivable 413,767 401,401
Less: allowance for loan losses (8,206) (8,005)
Net loans receivable 405,561 393,396
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,369 2,554
Premises and equipment 18,096 18,242
Foreclosed real estate 2,222 2,457
Cash value of bank owned life insurance 12,947 12,850
Prepaid FDIC insurance premium 1,389 1,523
Other assets 4,136 4,321
Total assets 668,538 651,758
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 61,791 55,577
Interest bearing 475,074 471,304
Total 536,865 526,881
Repurchase agreements 21,587 15,395
Borrowed funds 38,882 36,618
Accrued expenses and other liabilities 7,449 9,904
Total liabilities 604,783 588,798
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, 2012 - 2,888,902 December 31, 2011 - 2,888,902 shares outstanding: March 31, 2012 - 2,837,562 December 31, 2011 - 2,835,403 361 361
Additional paid in capital 5,177 5,173
Accumulated other comprehensive income 2,367 2,536
Retained earnings 56,947 56,032
Treasury stock, common shares at cost: March 31, 2012 - 51,340 December 31, 2011 - 53,499 (1,097) (1,142)
Total stockholders' equity 63,755 62,960
Total liabilities and stockholders' equity $ 668,538 $ 651,758