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
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 14,283 $ 9,875
Interest bearing balances in financial institutions 474 10,676
Federal funds sold 4,658 5,816
Total cash and cash equivalents 19,415 26,367
Securities available-for-sale 192,705 186,962
Loans receivable 431,356 401,401
Less: allowance for loan losses (8,044) (8,005)
Net loans receivable 423,312 393,396
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,547 2,554
Premises and equipment 17,860 18,242
Foreclosed real estate 2,245 2,457
Cash value of bank owned life insurance 13,043 12,850
Prepaid FDIC insurance premium 1,252 1,523
Other assets 4,616 4,321
Total assets 680,081 651,758
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 59,710 55,577
Interest bearing 487,790 471,304
Total 547,500 526,881
Repurchase agreements 21,010 15,395
Borrowed funds 38,054 36,618
Accrued expenses and other liabilities 8,596 9,904
Total liabilities 615,160 588,798
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: June 30, 2012 - 2,888,902 December 31, 2011 - 2,888,902 shares outstanding: June 30, 2012 - 2,839,224 December 31, 2011 - 2,835,403 361 361
Additional paid in capital 5,181 5,173
Accumulated other comprehensive income 2,416 2,536
Retained earnings 58,026 56,032
Treasury stock, common shares at cost: June 30, 2012 - 49,678 December 31, 2011 - 53,499 (1,063) (1,142)
Total stockholders' equity 64,921 62,960
Total liabilities and stockholders' equity $ 680,081 $ 651,758