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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 20,861 $ 7,692
Interest-bearing deposits in other financial institutions 52,011 64,485
Total cash and cash equivalents 72,872 72,177
Securities available-for-sale, at fair value 380,455 232,165
Loans held-for-sale - SBA, at lower of cost or market, including deferred costs 753 8,750
Loans held-for-sale - other, at lower of cost or market, including deferred costs 413 2,260
Loans, including deferred costs 764,591 846,049
Allowance for loan losses (20,700) (25,204)
Loans, net 743,891 820,845
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 9,925 9,174
Company owned life insurance 46,388 43,682
Premises and equipment, net 7,980 8,397
Intangible assets 2,491 3,014
Accrued interest receivable and other assets 41,026 45,905
Total assets 1,306,194 1,246,369
Deposits:    
Demand, noninterest-bearing 344,303 280,258
Demand, interest-bearing 134,119 153,917
Savings and money market 282,478 272,399
Time deposits-under $100 28,557 33,499
Time deposits-$100 and over 168,874 137,514
Time deposits-CDARS 6,371 17,864
Time deposits-brokered 84,726 98,467
Total deposits 1,049,428 993,918
Securities sold under agreement to repurchase   5,000
Subordinated debt 23,702 23,702
Short-term borrowings   2,445
Accrued interest payable and other liabilities 35,233 39,152
Total liabilities 1,108,363 1,064,217
Commitments and contingencies (Note 14)      
Shareholders' equity:    
Common stock, no par value; 60,000,000 shares authorized; 26,295,001 shares issued and outstanding at December 31, 2011 and 26,233,001 shares issued and outstanding at December 31, 2010 131,172 130,531
Retained earnings / (Accumulated deficit) 7,172 (1,866)
Accumulated other comprehensive income (loss) 955 (4,651)
Total shareholders' equity 197,831 182,152
Total liabilities and shareholders' equity 1,306,194 1,246,369
Series A Preferred Stock
   
Shareholders' equity:    
Preferred stock, no par value 39,846 39,846
Discount on Series A preferred stock (833) (1,227)
Series C Preferred Stock
   
Shareholders' equity:    
Preferred stock, no par value $ 19,519 $ 19,519