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PARENT COMPANY FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2011
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
PARENT COMPANY FINANCIAL INFORMATION | Note 20 PARENT COMPANY FINANCIAL INFORMATION The operating results of the parent company for the three years ended December 31 are shown below: Parent Company Statements of Operations
(Dollars in Thousands) | 2011 |  |  | 2010 |  |  | 2009 |
OPERATING INCOME |  |  |  |  |  |  |  |
Income Received from Subsidiary Bank: |  |  |  |  |  |  |  |
Dividends | $ | - |  |  | $ | - |  |  | $ | 35,000 |
Overhead Fees |  | 3,364 |  |  |  | 3,059 |  |  |  | 3,209 |
Other Income |  | 48 |  |  |  | 74 |  |  |  | 121 |
Total Operating Income |  | 3,412 |  |  |  | 3,133 |  |  |  | 38,330 |
OPERATING EXPENSE |  |  |  |  |  |  |  |  |  |  |
Salaries and Associate Benefits |  | 1,974 |  |  |  | 1,359 |  |  |  | 1,694 |
Interest on Subordinated Notes Payable |  | 1,380 |  |  |  | 2,008 |  |  |  | 3,730 |
Professional Fees |  | 1,251 |  |  |  | 1,185 |  |  |  | 999 |
Advertising |  | 135 |  |  |  | 96 |  |  |  | 202 |
Legal Fees |  | 249 |  |  |  | 226 |  |  |  | 176 |
Other |  | 440 |  |  |  | 623 |  |  |  | 813 |
Total Operating Expense |  | 5,429 |  |  |  | 5,497 |  |  |  | 7,614 |
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiary Bank |  | (2,017 | ) |  |  | (2,364 | ) |  |  | 30,716 |
Income Tax Benefit |  | (666 | ) |  |  | (771 | ) |  |  | (1,430 | )
Income Before Equity in Undistributed Earnings of Subsidiary Bank |  | (1,351 | ) |  |  | (1,593 | ) |  |  | 32,146 |
Equity in Undistributed Earnings of Subsidiary Bank |  | 6,248 |  |  |  | 1,180 |  |  |  | (35,617 | )
Net Income (Loss) | $ | 4,897 |  |  | $ | (413 | ) |  | $ | (3,471 | )
The following are condensed statements of financial condition of the parent company at December 31: Parent Company Statements of Financial Condition
(Dollars in Thousands, Except Per Share Data) | 2011 |  |  | 2010 |
ASSETS |  |  |  |  |
Cash and Due From Subsidiary Bank | $ | 6,269 |  |  | $ | 10,986 |
Investment in Subsidiary Bank |  | 313,372 |  |  |  | 314,874 |
Other Assets |  | 3,016 |  |  |  | 2,693 |
Total Assets | $ | 322,657 |  |  | $ | 328,553 |
LIABILITIES |  |  |  |  |  |  |
Subordinated Notes Payable | $ | 62,887 |  |  | $ | 62,887 |
Other Liabilities |  | 7,828 |  |  |  | 6,647 |
Total Liabilities |  | 70,715 |  |  |  | 69,534 |
SHAREOWNERS' EQUITY |  |  |  |  |  |  |
Preferred Stock, $.01 par value, 3,000,000 shares authorized; no shares issued and outstanding |  | - |  |  |  | - |
Common Stock, $.01 par value; 90,000,000 shares authorized; 17,160,274 and 17,100,081 shares issued and outstanding at December 31, 2011 and December 31, 2010, respectively |  | 172 |  |  |  | 171 |
Additional Paid-In Capital |  | 37,838 |  |  |  | 36,920 |
Retained Earnings |  | 237,461 |  |  |  | 237,679 |
Accumulated Other Comprehensive Loss, Net of Tax |  | (23,529 | ) |  |  | (15,751 | )
Total Shareowners' Equity |  | 251,942 |  |  |  | 259,019 |
Total Liabilities and Shareowners' Equity | $ | 322,657 |  |  | $ | 328,553 |
The cash flows for the parent company for the three years ended December 31 were as follows: Parent Company Statements of Cash Flows
(Dollars in Thousands) | 2011 |  |  | 2010 |  |  | 2009 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |
Net Income (Loss) | $ | 4,897 |  |  | $ | (413 | ) |  | $ | (3,471 | )
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |  |  |  |  |  |  |
Equity in Undistributed Earnings of Subsidiary Bank |  | (6,248 | ) |  |  | (1,180 | ) |  |  | 35,617 |
Increase in Other Assets |  | (324 | ) |  |  | (97 | ) |  |  | (528 | )
Increase in Other Liabilities |  | 1,182 |  |  |  | (203 | ) |  |  | 1,325 |
Net Cash (Used In) Provided by Operating Activities |  | (493 | ) |  |  | (1,893 | ) |  |  | 32,943 |
CASH FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payment of Dividends |  | (5,142 | ) |  |  | (8,368 | ) |  |  | (12,959 | )
Repurchase of Common Stock |  | - |  |  |  | - |  |  |  | (1,561 | )
Issuance of Common Stock |  | 918 |  |  |  | 822 |  |  |  | 1,052 |
Net Cash Used in Financing Activities |  | (4,224 | ) |  |  | (7,546 | ) |  |  | (13,468 | )
Net (Decrease) Increase in Cash |  | (4,717 | ) |  |  | (9,439 | ) |  |  | 19,475 |
Cash at Beginning of Period |  | 10,986 |  |  |  | 20,425 |  |  |  | 950 |
Cash at End of Period | $ | 6,269 |  |  | $ | 10,986 |  |  | $ | 20,425 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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