XML 52 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed 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)
Opening Balances at Dec. 31, 2011 $ 164,999,000 $ 20,331,000 $ 172,841,000 $ 1,138,000 $ (32,639,000) $ 3,328,000
Repurchase of preferred stock (21,000,000) (21,000,000)        
Preferred stock dividends (362,000)       (362,000)  
Accretion of preferred stock 0 669,000     (669,000)  
Employee stock purchase plan (1,098 shares, 1,217 shares in 2013 and 2012 respectively) 20,000   20,000      
Stock option exercises (5,900 shares) 37,000   37,000      
Stock tendered for stock option exercises (1,293 shares) (19,000)   (19,000)      
Stock-based compensation expense 9,000   9,000      
Net income for the six months ended June 30, in 2012 and 2013 respectively 6,871,000       6,871,000  
Change in net unrealized gain on securities available for sale, net of tax effect (472,000)         (472,000)
Change in fair value of interest rate swap, net of tax effect (421,000)         (421,000)
Ending Balances at Jun. 30, 2012 149,662,000 0 172,888,000 1,138,000 (26,799,000) 2,435,000
Opening Balances at Dec. 31, 2012 146,590,000 0 166,074,000   (21,134,000) 1,650,000
Employee stock purchase plan (1,098 shares, 1,217 shares in 2013 and 2012 respectively) 19,000   19,000      
Dividend reinvestment plan (1,954 shares) 33,000   33,000      
Stock-based compensation expense 236,000   236,000      
Cash dividends ($0.21 per common share) (1,814,000)   (1,814,000)      
Net income for the six months ended June 30, in 2012 and 2013 respectively 8,416,000       8,416,000  
Change in net unrealized gain on securities available for sale, net of tax effect (3,113)         (3,113,000)
Change in fair value of interest rate swap, net of tax effect 571,000         571,000
Ending Balances at Jun. 30, 2013 $ 150,938,000 $ 0 $ 164,548,000   $ (12,718,000) $ (892,000)