Parent Company Financial Information

12 Months Ended

Dec. 31, 2012

Parent Company Financial Information [Abstract]

Parent Company Financial Information

(23) Parent Company Financial Information

This information should be read in conjunction with the other notes to the consolidated financial statements. The following presents summary balance sheets and summary statements of operations and cash flows information for the years ended December 31:

Balance Sheets	2012		2011
Assets
Cash	$	4,638	$	5,688
Investment in wholly owned subsidiary		87,972		82,352
Other assets		—		2
Total assets	$	92,610	$	88,042
Liabilities and stockholders' equity
Other liabilities		285		340
Stockholders' equity		92,325		87,702
Total liabilities and stockholders' equity	$	92,610	$	88,042

Statements of Operations	2012			2011			2010
Other operating expenses		(106	)		(101	)		(121	)
Income tax benefit		44			41			50
Loss before undistributed earnings of subsidiary		(62	)		(60	)		(71	)
Equity in undistributed earnings of subsidiary		4,708			2,724			2,736
Net income	$	4,646		$	2,664		$	2,665

Statements of Cash Flows	2012			2011			2010
Net income	$	4,646		$	2,664		$	2,665
Adjustments to reconcile net income to net cash provided by operating activities
Decrease in other assets		—			2			2
Increase in other liabilities		(54	)		228			—
Equity in undistributed earnings of subsidiary		(4,708	)		(2,724	)		(2,736	)
Net cash (used in) provided by operating activities		(116	)		170			(69	)
Cash flows from financing activities:
Issuance of preferred stock		—			22,847			—
Redemption of preferred stock		—			(17,390	)		—
Redemption of common stock warrants		—			(375	)		—
Dividend on preferred stock		(1,139	)		(953	)		(870	)
Common stock issued and stock based compensation		208			257			412
Cash in lieu of fractional shares		(3	)		—			—
Net cash (used in) provided by financing activities		(934	)		4,386			(458	)
Net change in cash		(1,050	)		4,556			(527	)
Cash at beginning of year		5,688			1,132			1,659
Cash at end of year	$	4,638		$	5,688		$	1,132