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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
Opening Balance 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 (2,193 and 1,217 shares in 2011 and 2012 respectively) 20,000   20,000      
Stock option exercises (8,800 and 5,900 shares in 2011 and 2012 respectively) 54,000   54,000      
Dividend reinvestment plan (644 shares) 6,000   6,000      
Stock-based compensation expense 44,000   44,000      
Preferred stock dividends (544,000)       (544,000)  
Accretion of preferred stock 0 125,000     (125,000)  
Net income for the period from January 1 through June 30, in 2011 and 2012, respectively 4,138,000       4,138,000  
Change in net unrealized gain on securities available for sale, net of tax effect 1,263,000         1,263,000
Change in fair value of interest rate swap, net of tax effect 0          
Ending Balance at Jun. 30, 2011 130,917,000 20,202,000 172,801,000 1,138,000 (65,312,000) 2,088,000
Opening Balance at Dec. 31, 2011 164,999,000 20,331,000 172,841,000 1,138,000 (32,639,000) 3,328,000
Repurchase of preferred stock (21,000,000) (21,000,000)        
Employee stock purchase plan (2,193 and 1,217 shares in 2011 and 2012 respectively) 20,000   20,000      
Stock option exercises (8,800 and 5,900 shares in 2011 and 2012 respectively) 37,000   37,000      
Stock tendered for stock option exercises (0 and 1,293 shares in 2011 and 2012, respectively (19,000)   (19,000)      
Stock-based compensation expense 9,000   9,000      
Preferred stock dividends (362,000)       (362,000)  
Accretion of preferred stock 0 669,000     (669,000)  
Net income for the period from January 1 through June 30, in 2011 and 2012, respectively 6,871,000       6,871,000  
Change in net unrealized gain on securities available for sale, net of tax effect (472,000)         (472,000)
Change in fair value of interest rate swap, net of tax effect (421,000)         (421,000)
Ending Balance at Jun. 30, 2012 $ 149,662,000 $ 0 $ 172,888,000 $ 1,138,000 $ (26,799,000) $ 2,435,000