Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

v3.3.1.900
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - 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, 2012 $ 30,604 $ 2,560 $ 187,718 $ (91,335) $ 960 $ 130,507
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income       9,549   9,549
Conversion of 300 shares of Preferred Stock Series B to 50,000 shares of common stock   (300) 300     0
Net change in unrealized gain (loss) on securities available for sale, net of tax         (2,915) (2,915)
Preferred stock exchange [Abstract]            
Exchange of 31,290 shares of Preferred Stock Series A for 5,973,519 shares of common stock (30,604)   30,604     0
Exchange of 2,300 shares of Preferred Stock Series B for 457,159 shares of common stock   (2,260) 2,260     0
Cash portion of exchange consideration, including exchange-related expenses     (4,734)     (4,734)
Common stock issuance costs           0
Repurchase of shares for taxes withheld on vested restricted stock     (45)     (45)
Stock compensation expense     160     160
Balance at Dec. 31, 2013 0 0 216,263 (81,786) (1,955) 132,522
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income       10,473   10,473
Net change in unrealized gain (loss) on securities available for sale, net of tax         2,016 2,016
Preferred stock exchange [Abstract]            
Common stock issuance costs     (102)     (102)
Issuance of 392 shares of Common Stock on exercise of stock purchase warrants     4     4
Cash dividends       (2,689)   (2,689)
Repurchase of shares for taxes withheld on vested restricted stock     (106)     (106)
Tax effect of vested stock awards     63     63
Stock compensation expense     338     338
Balance at Dec. 31, 2014 0 0 216,460 (74,002) 61 142,519
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income       12,794   12,794
Net change in unrealized gain (loss) on securities available for sale, net of tax         286 286
Preferred stock exchange [Abstract]            
Common stock issuance costs           0
Cash dividends       (3,702)   (3,702)
Repurchase of shares for taxes withheld on vested restricted stock     (171)     (171)
Tax effect of vested stock awards     53     53
Tax effect of expired common stock warrants     (280)     (280)
Stock compensation expense     478     478
Balance at Dec. 31, 2015 $ 0 $ 0 $ 216,540 $ (64,910) $ 347 $ 151,977