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CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Total
Series A, B, and C Preferred Stock
Common Stock
Accumulated Deficit
Accumulated Other Comprehensive (Loss)
Beginning Balance at Dec. 31, 2011 $ 86,625 $ 9,847 $ 84,742 $ (5,921) $ (2,043)
Beginning Balance (in shares) at Dec. 31, 2011   123,000 12,273,000    
Sale of Common Stock (in shares)     4,201,000    
Sale of Common Stock 24,591   24,591    
Series A cumulative preferred stock conversion to common stock (in shares)   (11,000) 144,000    
Series A cumulative preferred stock conversion to common stock   (1,100) 1,100    
Series A cumulative preferred stock dividend     37,000    
Stock based compensation expense 207   207    
Stock options exercised (in shares) 5,328   3,000    
Stock options exercised 1   1    
Stock warrants exercised 44   44    
Net income 7,178     7,178  
Change in unrealized gain on securities held for sale 1,053       1,053
Change in unrealized expense on supplemental executive retirement plan 18       18
Ending Balance at Jun. 30, 2012 $ 119,717 $ 8,747 $ 110,685 $ 1,257 $ (972)
Ending Balance (in shares) at Jun. 30, 2012   112,000 16,658,000