Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Retained Earnings (Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
Balance at Dec. 31, 2010 $ 30,604 $ 2,560 $ 167,321 $ (132,654) $ 11 $ 67,842
Net income       5,829   5,829
Net change in unrealized gain (loss) on securities available for sale, net of tax         367 367
Net proceeds from sale of 8,912,372 shares of common stock on June 7, 2011 and June 29, 2011     19,319     19,319
Conversion of subordinated note to 491,830 shares of common stock on June 29, 2011     1,003     1,003
Stock compensation expense     66     66
Balance at Dec. 31, 2011 30,604 2,560 187,709 (126,825) 378 94,426
Net income       35,490   35,490
Net change in unrealized gain (loss) on securities available for sale, net of tax         582 582
Net proceeds from sale of 8,912,372 shares of common stock on June 7, 2011 and June 29, 2011           0
Conversion of subordinated note to 491,830 shares of common stock on June 29, 2011           0
Stock compensation expense     9     9
Balance at Dec. 31, 2012 $ 30,604 $ 2,560 $ 187,718 $ (91,335) $ 960 $ 130,507