FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2012

U.S. Treasury securities are classified as Level 1 within the fair value hierarchy, as fair value is based on quoted prices in active markets.



	Dollars in Thousands
	September 30, 2012		December 31, 2011
U.S. Treasury securities	$	3,998	$	—

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

During the three months ended September 30, 2011, the changes in the fair value of the liabilities measured using significant unobservable inputs (Level 3) were comprised of the following:



	Dollars in Thousands
	For the three months ended
	September 30, 2011
	Preferred Stock Conversion Feature		Preferred Stock Warrant Liability		Total
Beginning balance at June 30, 2011	$	7,600	$	3,000	$	10,600
Total gains or losses:
Recognized in earnings	400		200		600
Balance at September 30, 2011	$	8,000	$	3,200	$	11,200

During the nine months ended September 30, 2011, the changes in the fair value of the liabilities measured using significant unobservable inputs (Level 3) were comprised of the following:



	Dollars in Thousands
	For the nine months ended
	September 30, 2011
	Preferred Stock Conversion Feature		Warrants		Total
Beginning balance at January 1, 2011	$	1,983	$	2,351	$	4,334
Total gains or losses:
Recognized in earnings	6,017		849		6,866
Balance at September 30, 2011	$	8,000	$	3,200	$	11,200

During the three months ended September 30, 2012, the changes in the fair value of the liability measured using significant unobservable inputs (Level 3) was comprised of the following:



	Dollars in Thousands
	For the Three Months Ended
	September 30, 2012
Beginning balance at June 30, 2012	$	2,100
Total gains or losses:
Recognized in earnings	—
Balance at September 30, 2012	$	2,100

During the nine months ended September 30, 2012, the changes in the fair value of the liability measured using significant unobservable inputs (Level 3) was comprised of the following:



	Dollars in Thousands
	For the Nine Months Ended
	September 30, 2012
Beginning balance	$	3,100
Total gains or losses:
Recognized in earnings	(1,000		)
Balance at September 30, 2012	$	2,100

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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