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       7,315   7,315
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         (2,409) (2,409)
Stock compensation expense     94     94
Balance at Sep. 30, 2013 30,604 2,260 188,112 (84,020) (1,449) 135,507
Balance at Dec. 31, 2013 0 0 216,263 (81,786) (1,955) 132,522
Net income       8,155   8,155
Common stock issuance costs     (102)     (102)
Issuance of 392 shares of Common Stock on exercise of stock purchase warrants     4     4
Cash dividends at $.06 per share       (2,028)   (2,028)
Net change in unrealized gain (loss) on securities available for sale, net of tax         1,689 1,689
Stock compensation expense     229     229
Balance at Sep. 30, 2014 $ 0 $ 0 $ 216,394 $ (75,659) $ (266) $ 140,469