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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 60,207 $ 63,433
Federal funds sold 28 29
Cash and cash equivalents 60,235 63,462
Investment securities available for sale 115,645 155,094
FHLB stock/Federal Reserve Bank stock, at cost 12,475 13,334
Loans held for investment 738,589 564,417
Allowance for loan losses (8,522) (8,879)
Loans held for investment, net 730,067 555,538
Accrued interest receivable 3,885 3,755
Other real estate owned 1,231 34
Premises and equipment 9,819 8,223
Deferred income taxes 8,998 11,103
Bank owned life insurance 12,977 12,454
Intangible assets 2,069  
Other assets 3,727 3,819
TOTAL ASSETS 961,128 826,816
Deposit accounts:    
Noninterest bearing 112,313 47,229
Interest bearing:    
Transaction accounts 287,876 203,029
Retail certificates of deposit 428,688 407,108
Wholesale/brokered certificates of deposit   1,874
Total deposits 828,877 659,240
FHLB advances and other borrowings 28,500 68,500
Subordinated debentures 10,310 10,310
Accrued expenses and other liabilities 6,664 10,164
TOTAL LIABILITIES 874,351 748,214
COMMITMENTS AND CONTINGENCIES (Note 12)      
STOCKHOLDERS' EQUITY:    
Preferred stock, $.01 par value; 1,000,000 shares authorized; no shares outstanding      
Common stock, $.01 par value; 15,000,000 shares authorized; 10,337,626 shares at December 31, 2011, and 10,033,836 shares at December 31, 2010 issued and outstanding 103 100
Additional paid-in capital 76,310 79,942
Retained earnings (accumulated deficit) 10,046 (526)
Accumulated other comprehensive income (loss), net of tax (benefit) of $221 at December 31, 2011, and ($639) at December 31, 2010 318 (914)
TOTAL STOCKHOLDERS' EQUITY 86,777 78,602
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 961,128 $ 826,816