Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited)

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) (USD $)
In Thousands
Preferred Stock [Member]
Series A [Member]
Preferred Stock [Member]
Series B [Member]
Common Stock [Member]
Retained Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
Balance at Dec. 31, 2009 $ 30,604 $ 2,560 $ 167,183 $ (114,800) $ 2,444 $ 87,991
Net income (loss)       (18,689)   (18,689)
Net change in unrealized gain (loss) on securities available for sale, net of tax         (2,416) (2,416)
Net proceeds from sale of 8,912,372 shares of common stock on June 7, 2011 and June 29, 2011           0
Stock compensation expense     106     106
Balance at Sep. 30, 2010 30,604 2,560 167,289 (133,489) 28 66,992
Balance at Dec. 31, 2010 30,604 2,560 167,321 (132,654) 11 67,842
Net income (loss)       4,743   4,743
Net change in unrealized gain (loss) on securities available for sale, net of tax         326 326
Net proceeds from sale of 8,912,372 shares of common stock on June 7, 2011 and June 29, 2011     19,358     19,358
Conversion of subordinated note to 491,830 shares of common stock on June 29, 2011     1,003     1,003
Stock compensation expense     57     57
Balance at Sep. 30, 2011 $ 30,604 $ 2,560 $ 187,739 $ (127,911) $ 337 $ 93,329