v2.4.0.6
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2008$ 101,448 $ 3,098$ 2,708$ 94,608$ 1,034
Beginning Balance (in shares) at Dec. 31, 2008  5,606,607   
Comprehensive income      
Net income8,760   8,760 
Change in net unrealized gain (loss), net of tax(80)    (80)
Total comprehensive income8,680     
Cash dividends - $.56 per share(3,144)   (3,144) 
Dividends paid and accrued on preferred stock(1,497)   (1,497) 
Issuance of preferred stock32,93132,931    
Issuance of a warrant to purchase common shares1,015  1,015  
Exercise of stock options, including tax benefit (in shares)  10,100   
Exercise of stock options, including tax benefit206  206  
Stock-based compensation expense494  494  
Issuance of common shares (in shares)  50,000   
Issuance of common shares1,000  1,000  
Accretion of preferred stock discount 295  (295) 
Ending Balance at Dec. 31, 2009141,13333,2263,0985,42398,432954
Ending Balance (in shares) at Dec. 31, 2009  5,666,707   
Comprehensive income      
Net income11,671   11,671 
Change in net unrealized gain (loss), net of tax(58)    (58)
Total comprehensive income11,613     
Cash dividends - $.56 per share(3,174)   (3,174) 
Dividends paid and accrued on preferred stock(1,682)   (1,682) 
Preferred stock repurchased(17,000)(17,000)    
Stock-based compensation expense307  307  
Issuance of common shares (in shares)  1,765,588   
Issuance of common shares28,173  28,173  
Accretion of preferred stock discount 564  (564) 
Ending Balance at Dec. 31, 2010159,37016,7903,09833,903104,683896
Ending Balance (in shares) at Dec. 31, 2010  7,432,295   
Comprehensive income      
Net income16,489   16,489 
Change in net unrealized gain (loss), net of tax2,417    2,417
Total comprehensive income18,906     
Cash dividends - $.56 per share(4,162)   (4,162) 
Dividends paid and accrued on preferred stock(762)   (762) 
Preferred stock repurchased(17,000)(17,000)    
Exercise of stock options, including tax benefit (in shares)  700   
Exercise of stock options, including tax benefit15  15  
Stock-based compensation expense203  203  
Accretion of preferred stock discount 210  (210) 
Ending Balance at Dec. 31, 2011$ 156,570 $ 3,098$ 34,121$ 116,038$ 3,313
Ending Balance (in shares) at Dec. 31, 2011  7,432,995