XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Changes in Shareholders' Equity (USD $)
Total
Preferred Stock [Member]
Common Stock [Member]
Common Stock Warrant [Member]
Retained Earnings (Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Opening Balances 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)        
Preferred stock dividends (362,000)       (362,000)  
Accretion of preferred stock 0 669,000     (669,000)  
Repurchase of common stock warrant (7,465,000)   (6,327,000) (1,138,000)    
Employee stock purchase plan (1,098 shares, 1,743 shares in 2013 and 2012 respectively) 29,000   29,000      
Stock option exercises (2,950 shares, 47,007 shares in 2013 and 2012 respectively) 488,000   488,000      
Stock tendered for stock option exercises (2,419 shares, 18,718 shares in 2013 and 2012 respectively) (317,000)   (317,000)      
Stock-based compensation expense 14,000   14,000      
Net income 9,487,000       9,487,000  
Change in net unrealized holding gain on securities available for sale, net of tax effect (596,000)         (596,000)
Change in fair value of interest rate swap, net of tax effect (719,000)         (719,000)
Ending Balances at Sep. 30, 2012 144,558,000 0 166,728,000 0 (24,183,000) 2,013,000
Opening Balances at Dec. 31, 2012 146,590,000 0 166,074,000   (21,134,000) 1,650,000
Employee stock purchase plan (1,098 shares, 1,743 shares in 2013 and 2012 respectively) 19,000    19,000        
Dividend reinvestment plan (1,954 shares) 33,000    33,000        
Stock option exercises (2,950 shares, 47,007 shares in 2013 and 2012 respectively) 52,000    52,000        
Stock tendered for stock option exercises (2,419 shares, 18,718 shares in 2013 and 2012 respectively) (52,000)    (52,000)        
Stock-based compensation expense 354,000    354,000        
Cash dividends ($0.33 per common share) (2,851,000)    (2,851,000)        
Net income 11,870,000         11,870,000   
Change in net unrealized holding gain on securities available for sale, net of tax effect (6,648,000)            (6,648,000)
Change in fair value of interest rate swap, net of tax effect 467,000            467,000
Ending Balances at Sep. 30, 2013 $ 149,834,000 $ 0 $ 163,629,000   $ (9,264,000) $ (4,531,000)