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 [Member]
Total
Balance at Dec. 31, 2010 $ 30,604 $ 2,560 $ 167,321 $ (132,654) $ 11 $ 67,842
Net income       3,692   3,692
Net change in unrealized gain on securities available for sale, net of tax         152 152
Net proceeds from sale of common stock     19,426     19,426
Conversion of subordinated note to common stock     1,003     1,003
Stock compensation expense     38     38
Balance at Jun. 30, 2011 30,604 2,560 187,788 (128,962) 163 92,153
Balance at Dec. 31, 2011 30,604 2,560 187,709 (126,825) 378 94,426
Net income       7,671   7,671
Net change in unrealized gain on securities available for sale, net of tax         302 302
Net proceeds from sale of common stock           0
Conversion of subordinated note to common stock           0
Balance at Jun. 30, 2012 $ 30,604 $ 2,560 $ 187,709 $ (119,154) $ 680 $ 102,399