BALANCE SHEET
(Unaudited)
| June 30, |
| 2008 | 2007 |
| ASSETS | (in thousands) |
| Cash & Due from Banks |
28,197 | 26,704
|
| Obligations of Federal Agencies |
146,840 | 319,145
|
Collateralized Mortgage Obligations &
Mortgage Backed Securities |
204,010 | 56,028 |
| Obligations of States & Political Subdivisions |
58,658 | 36,646 |
| Other Investments |
8,653 | 5,859 |
Total Investments
|
418,161
| 417,678
|
| Federal Funds, Sold |
1,789 | 21 |
|
| Loans, Total |
1,043,154 | 966,058 |
| Reserve for Loan Losses |
(9,896) | (9,117) |
| Loans, Net |
1,033,258 | 956,941 |
|
| Premises & Equipment |
32,036 | 30,260 |
| Other Real Estate |
2,176 | 0 |
| Other Assets |
52,743 | 53,103 |
| |
| TOTAL ASSETS |
1,568,360 | 1,484,707 |
| LIABILITIES | | |
| Demand Deposits |
274,113 | 265,983 |
| NOW Deposits |
188,085 | 187,166 |
| Time and Savings Deposits |
732,104
| 722,523 |
| Total Deposits
|
1,194,302
| 1,175,672 |
|
| Repurchase Agreements |
62,558 | 80,584 |
| Federal Funds Purchased |
9,000 | 0 |
| Other Borrowed Funds |
130,000
| 70,000
|
| Other Liabilities |
9,820
| 6,446 |
| TOTAL LIABILITIES |
1,405,680
| 1,332,702
|
| STOCKHOLDERS' EQUITY | | |
| Common Stock |
3,845
| 3,860 |
| Surplus |
10,000 | 10,000 |
| Retained earnings |
155,086 | 146,067 |
| Net Income Year To Date |
11,377
| 9,037 |
| Accumulated Other Comprehensive Income |
(6,104) | (6,399) |
| Common Stock Repurchased |
(11,524) | (10,560) |
| TOTAL STOCKHOLDERS' EQUITY |
162,680
| 152,005 |
| |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY |
$1,568,360
| 1,484,707
|
