Extraordinary Item

12 Months Ended

Dec. 31, 2012

Extraordinary Item

8. 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. TXDOT paid $2.2 million for land and damages to our existing property resulting in a net gain of $2.0 million before income taxes. As a result, our prior location’s accessibility significantly deteriorated and we constructed a new bank location in Southlake. We sold the prior Southlake location in August 2011.