Parent Company Financial Information

12 Months Ended

Dec. 31, 2011

Parent Company Financial Information [Abstract]

Parent Company Financial Information

Note 22 – Parent Company Financial Information

Condensed Parent Company financial information is as follows (in thousands):

	December 31,
Condensed Balance Sheets	2011		2010
Cash	$	1,970	$	8,585
Investment in subsidiaries		178,144		120,159
Other assets		4		23
Total Assets	$	180,118	$	128,767
Trust preferred capital notes	$	27,212	$	20,619
Other liabilities		77		61
Shareholders' equity		152,829		108,087
Total Liabilities and Shareholders' Equity	$	180,118	$	128,767

	Years Ended December 31,
Condensed Statements of Income	2011			2010			2009
Dividends from subsidiary	$	4,500		$	6,000		$	1,650
Other income		84			168			351
Expenses		2,542			1,600			1,699
Income taxes (benefit)		(447	)		(487	)		(458	)
Income before equity in undistributed
earnings of subsidiary		2,489			5,055			760
Equity (deficit) in undistributed earnings of subsidiary		9,082			3,223			6,050
Net Income	$	11,571		$	8,278		$	6,810
	Years Ended December 31,
Condensed Statements of Cash Flows		2011			2010			2009
Cash provided by dividends received
from subsidiary	$	4,500		$	6,000		$	1,650
Cash used for payment of dividends		(6,524	)		(5,636	)		(5,612	)
Cash used for repurchase of stock		(3,100	)		-			(121	)
Proceeds from exercise of options and stock
compensation		769			111			536
Other		(2,260	)		(984	)		(715	)
Net decrease in cash	$	( 6,615	)	$	( 509	)	$	(4,262	)