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 Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Retained Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
Balance at Dec. 31, 2012 $ 30,604 $ 2,560 $ 187,718 $ (91,335) $ 960 $ 130,507
Net income       5,077   5,077
Conversion of 300 shares of Preferred Stock Series B to 50,000 shares of Common Stock   (300) 300     0
Common stock issuance costs           0
Net change in unrealized gain (loss) on securities available for sale, net of tax         (2,394) (2,394)
Stock compensation expense     62     62
Balance at Jun. 30, 2013 30,604 2,260 188,080 (86,258) (1,434) 133,252
Balance at Dec. 31, 2013 0 0 216,263 (81,786) (1,955) 132,522
Net income       5,393   5,393
Common stock issuance costs     (102)     (102)
Cash dividends at $.04 per share       (1,352)   (1,352)
Net change in unrealized gain (loss) on securities available for sale, net of tax         1,484 1,484
Stock compensation expense     147     147
Balance at Jun. 30, 2014 $ 0 $ 0 $ 216,308 $ (77,745) $ (471) $ 138,092