Extraordinary Item

9 Months Ended

Sep. 30, 2011

Extraordinary Item [Abstract]

Extraordinary Item

Note 7 – Extraordinary Item

In the third quarter of 2010, the Company recorded income from an extraordinary item in the amount of $1.3 million, after income taxes, related to the expropriation of a portion of our real property. The Texas Department of Transportation (TXDOT) expropriated a portion of our real property at our Southlake bank location to expand highway access. As a result, our prior Southlake location's accessibility significantly deteriorated and we constructed a new bank location in Southlake. We sold the prior Southlake location in August 2011. TXDOT paid $2.2 million for land and damages to our prior Southlake property resulting in a net gain of $2.0 million before income taxes.