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Consolidated Statements of Changes in Shareholders' Equity (USD $)
Total
Preferred Stock
Common Stock
Common Stock Warrant
Retained Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Balances at Dec. 31, 2008 $ 174,372,000 $ 0 $ 172,353,000 $ 0 $ (1,281,000) $ 3,300,000
Preferred stock issued, net 19,696,000 19,696,000        
Accretion of preferred stock 0 143,000     (143,000)  
Common stock warrant issued 1,138,000     1,138,000    
Employee stock purchase plan (14,694, 9,129 and 4,726 shares in 2009, 2010 and 2011 respectively) 57,000   57,000      
Dividend reinvestment plan (2,875, 687 and 644 shares in 2009, 2010 and 2011 respectively) 11,000   11,000      
Stock-based compensation expense 611,000   611,000      
Cash dividends ($0.07, $0.01 per common share in 2009 & 2010 respectively) (594,000)   (594,000)      
Preferred stock dividends (659,000)       (659,000)  
Comprehensive income (loss):            
Net income (loss) (52,087,000)       (52,087,000)  
Change in net unrealized gain on securities available for sale, net of reclassifications and tax effect (1,269,000)         (1,269,000)
Reclassification of unrealized gain on interest rate swaps, net of tax effect (1,172,000)         (1,172,000)
Total comprehensive (loss) income (54,528,000)          
Balances at Dec. 31, 2009 140,104,000 19,839,000 172,438,000 1,138,000 (54,170,000) 859,000
Accretion of preferred stock 0 238,000     (238,000)  
Employee stock purchase plan (14,694, 9,129 and 4,726 shares in 2009, 2010 and 2011 respectively) 47,000   47,000      
Dividend reinvestment plan (2,875, 687 and 644 shares in 2009, 2010 and 2011 respectively) 2,000   2,000      
Stock-based compensation expense 275,000   275,000      
Cash dividends ($0.07, $0.01 per common share in 2009 & 2010 respectively) (85,000)   (85,000)      
Preferred stock dividends (1,057,000)       (1,057,000)  
Comprehensive income (loss):            
Net income (loss) (13,316,000)       (13,316,000)  
Change in net unrealized gain on securities available for sale, net of reclassifications and tax effect (244,000)         (244,000)
Net unrealized gain on securities transferred from held to maturity to available for sale, net of tax effect 274,000         274,000
Reclassification of unrealized gain on interest rate swaps, net of tax effect (64,000)         (64,000)
Total comprehensive (loss) income (13,350,000)          
Balances at Dec. 31, 2010 125,936,000 20,077,000 172,677,000 1,138,000 (68,781,000) 825,000
Accretion of preferred stock 0 254,000     (254,000)  
Employee stock purchase plan (14,694, 9,129 and 4,726 shares in 2009, 2010 and 2011 respectively) 42,000   42,000      
Stock option exercises (8,800 shares in 2011) 55,000   55,000      
Dividend reinvestment plan (2,875, 687 and 644 shares in 2009, 2010 and 2011 respectively) 6,000   6,000      
Stock-based compensation expense 61,000   61,000      
Preferred stock dividends (1,089,000)       (1,089,000)  
Comprehensive income (loss):            
Net income (loss) 37,485,000       37,485,000  
Change in net unrealized gain on securities available for sale, net of reclassifications and tax effect 2,503,000         2,503,000
Total comprehensive (loss) income 39,988,000          
Balances at Dec. 31, 2011 $ 164,999,000 $ 20,331,000 $ 172,841,000 $ 1,138,000 $ (32,639,000) $ 3,328,000