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Consolidated Statements of Changes In Shareholders' Equity (Unaudited) (USD $)
Total
Preferred Stock
Common Stock
Common Stock Warrant
Retained Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2009 $ 140,104,000 $ 19,839,000 $ 172,438,000 $ 1,138,000 $ (54,170,000) $ 859,000
Accretion of preferred stock 0 116,000     (116,000)  
Employee stock purchase plan (5,086 and 2,193 shares in 2010 and 2011, respectively) 23,000   23,000      
Dividend reinvestment plan (687 and 644 shares in 2010 and 2011, respectively) 3,000   3,000      
Stock-based compensation expense 252,000   252,000      
Cash dividends ($0.01 per common share in 2010) (85,000)   (85,000)      
Preferred stock dividends (526,000)       (526,000)  
Comprehensive income (loss):            
Net income (loss) for the period from January 1 through June 30, in 2010 and 2011, respectively) (3,006,000)       (3,006,000)  
Change in net unrealized gain on securities available for sale, net of reclassifications and tax effect 2,068,000         2,068,000
Net unrealized gain on securities transferred from held to maturity to available for sale, net of tax effect 274,000         274,000
Reclassification of unrealized gain on interest rate swaps, net of tax effect (64,000)         (64,000)
Total comprehensive (loss) income (728,000)          
Balance at Jun. 30, 2010 139,043,000 19,955,000 172,631,000 1,138,000 (57,818,000) 3,137,000
Balance at Dec. 31, 2010 125,936,000 20,077,000 172,677,000 1,138,000 (68,781,000) 825,000
Accretion of preferred stock 0 125,000     (125,000)  
Employee stock purchase plan (5,086 and 2,193 shares in 2010 and 2011, respectively) 20,000   20,000      
Stock option exercises (8,800 shares in 2011) 54,000   54,000      
Dividend reinvestment plan (687 and 644 shares in 2010 and 2011, respectively) 6,000   6,000      
Stock-based compensation expense 44,000   44,000      
Preferred stock dividends (544,000)       (544,000)  
Comprehensive income (loss):            
Net income (loss) for the period from January 1 through June 30, in 2010 and 2011, respectively) 4,138,000       4,138,000  
Change in net unrealized gain on securities available for sale, net of reclassifications and tax effect 1,263,000         1,263,000
Total comprehensive (loss) income 5,401,000          
Balance at Jun. 30, 2011 $ 130,917,000 $ 20,202,000 $ 172,801,000 $ 1,138,000 $ (65,312,000) $ 2,088,000