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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $)
Total
Preferred Stock
Common Stock
Common Stock Warrant
Retained Earnings (Deficit)
Accumulated Other Comprehensive Income
Balances at Dec. 31, 2010 $ 125,936,000 $ 20,077,000 $ 172,677,000 $ 1,138,000 $ (68,781,000) $ 825,000
Employee stock purchase plan (1,059 and 637 shares in 2011 and 2012 respectively) 11,000   11,000      
Stock option exercises (3,500 and 2,900 shares in 2011 and 2012 respectively) 22,000   22,000      
Dividend reinvestment plan (10 shares) 0   0      
Stock-based compensation expense 22,000   22,000      
Preferred stock dividends (271,000)       (271,000)  
Accretion of preferred stock 0 61,000     (61,000)  
Net Income for the period from January 1 through March 31, in 2011 and 2012, respectively 1,420,000       1,420,000  
Change in net unrealized gain on securities available for sale, net of tax effect (326,000)         (326,000)
Change in fair value of interest rate swap, net of tax effect 0          
Balances at Mar. 31, 2011 126,814,000 20,138,000 172,732,000 1,138,000 (67,693,000) 499,000
Balances at Dec. 31, 2011 164,999,000 20,331,000 172,841,000 1,138,000 (32,639,000) 3,328,000
Employee stock purchase plan (1,059 and 637 shares in 2011 and 2012 respectively) 9,000   9,000      
Stock option exercises (3,500 and 2,900 shares in 2011 and 2012 respectively) 18,000   18,000      
Stock-based compensation expense 4,000   4,000      
Preferred stock dividends (263,000)       (263,000)  
Accretion of preferred stock 0 65,000     (65,000)  
Net Income for the period from January 1 through March 31, in 2011 and 2012, respectively 2,880,000       2,880,000  
Change in net unrealized gain on securities available for sale, net of tax effect (657,000)         (657,000)
Change in fair value of interest rate swap, net of tax effect 94,000         94,000
Balances at Mar. 31, 2012 $ 167,084,000 $ 20,396,000 $ 172,872,000 $ 1,138,000 $ (30,087,000) $ 2,765,000