Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 24,731 $ 38,714
Federal funds sold and other short -term investments 74,808 118,178
Cash and cash equivalents 99,539 156,892
Interest-bearing time deposits in other financial institutions 20,000 25,000
Securities available for sale, at fair value 162,101 139,659
Securities held to maturity (fair value 2014 - $31,771 and 2013 - $19,278) 31,744 19,248
Federal Home Loan Bank (FHLB) stock 11,236 11,236
Loans held for sale, at fair value 905 1,915
Total loans 1,054,788 1,042,377
Allowance for loan losses (19,629) (20,798)
Net loans 1,035,159 1,021,579
Premises and equipment - net 53,292 53,641
Accrued interest receivable 3,415 3,231
Bank-owned life insurance 28,021 27,517
Other real estate owned 28,763 36,796
Net deferred tax asset 12,387 16,200
Other assets 3,102 4,491
Total assets 1,489,664 1,517,405
Deposits    
Noninterest-bearing 385,182 344,550
Interest-bearing 830,907 905,184
Total deposits 1,216,089 1,249,734
Other borrowed funds 88,107 89,991
Long-term debt 41,238 41,238
Accrued expenses and other liabilities 3,761 3,920
Total liabilities 1,349,195 1,384,883
Commitments and contingent liabilities      
Shareholders' equity    
Common stock, no par value, 200,000,000 shares authorized; 33,803,823 shares issued and outstanding at September 30, 2014 and 33,801,097 shares issued and outstanding at December 31, 2013 216,394 216,263
Retained deficit (75,659) (81,786)
Accumulated other comprehensive income (loss) (266) (1,955)
Total shareholders' equity 140,469 132,522
Total liabilities and shareholders' equity $ 1,489,664 $ 1,517,405