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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Common Stock
Preferred Stock
Warrants
Paid-in capital
Retained earnings
Accumulated other comprehensive loss
Total
Balance - Beginning at Dec. 31, 2008 $ 168       $ 13,158 $ 34,518 $ (8,905) $ 38,939
Balance - Beginning, shares at Dec. 31, 2008 1,685,861            
Net income for period             2,467    2,467
Other comprehensive income, net of tax                3,827 3,827
Total comprehensive income             6,294
Issuance of preferred stock and warrants    8,704 112          8,816
Amortization (accretion) of preferred stock    13       (13)      
Redemption of Series A preferred stock               
Common stock dividends declared             (1,417)    (1,417)
Preferred stock dividends paid             (296)    (296)
Issuance of common stock for director fees          19       19
Issuance of common stock for director fees, shares 840            
Balance - Ending at Dec. 31, 2009 168 8,717 112 13,177 35,259 (5,078) 52,355
Balance - Ending, shares at Dec. 31, 2009 1,686,701            
Net income for period             3,660    3,660
Other comprehensive income, net of tax                1,309 1,309
Total comprehensive income             4,969
Amortization (accretion) of preferred stock    21       (21)      
Issuance of Series B preferred stock               
Redemption of Series A preferred stock               
Repurchase of Common Stock Warrants               
Common stock dividends declared             (1,890)    (1,890)
Preferred stock dividends paid             (441)    (441)
Issuance of common stock for director fees          23       23
Issuance of common stock for director fees, shares 960            
Balance - Ending at Dec. 31, 2010 168 8,738 112 13,200 36,567 (3,769) 55,016
Balance - Ending, shares at Dec. 31, 2010 1,687,661            
Net income for period             4,112    4,112
Other comprehensive income, net of tax                3,064 3,064
Total comprehensive income             7,176
Amortization (accretion) of preferred stock    78       (78)      
Issuance of Series B preferred stock    16,000             16,000
Redemption of Series A preferred stock    (8,816)             (8,816)
Repurchase of Common Stock Warrants       (112) (93)       (205)
Common stock dividends declared             (1,891)    (1,891)
Preferred stock dividends paid             (446)    (446)
Issuance of common stock for director fees 1       27       28
Issuance of common stock for director fees, shares 1,070            
Balance - Ending at Dec. 31, 2011 $ 169 $ 16,000    $ 13,134 $ 38,264 $ (705) $ 66,862
Balance - Ending, shares at Dec. 31, 2011 1,688,731