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, 2013
Dec. 31, 2012
ASSETS    
Cash and non-interest bearing balances in financial institutions $ 6,465 $ 8,512
Interest bearing balances in financial institutions 35,314 19,832
Federal funds sold 987 5,407
Total cash and cash equivalents 42,766 33,751
Securities available-for-sale 184,791 187,475
Loans held-for-sale 522 323
Loans receivable 434,140 436,981
Less: allowance for loan losses (7,764) (8,421)
Net loans receivable 426,376 428,560
Federal Home Loan Bank stock 3,086 3,086
Accrued interest receivable 2,334 2,483
Premises and equipment 17,284 17,678
Foreclosed real estate 415 425
Cash value of bank owned life insurance 12,691 12,516
Prepaid FDIC insurance premium 0 991
Other assets 6,745 4,557
Total assets 697,010 691,845
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 72,182 75,228
Interest bearing 500,546 491,181
Total 572,728 566,409
Repurchase agreements 19,360 16,298
Borrowed funds 33,406 33,207
Accrued expenses and other liabilities 5,952 8,280
Total liabilities 631,446 624,194
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: June 30, 2013 - 2,895,702 December 31, 2012 - 2,888,902 shares outstanding: June 30, 2013 - 2,844,219 December 31, 2012 - 2,839,137 361 361
Additional paid in capital 5,204 5,189
Accumulated other comprehensive (loss)/income (1,940) 2,339
Retained earnings 63,028 60,817
Treasury stock, common shares at cost: June 30, 2013 - 51,483 December 31, 2012 - 49,765 (1,089) (1,055)
Total stockholders' equity 65,564 67,651
Total liabilities and stockholders' equity $ 697,010 $ 691,845