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Consolidated Statements Of Financial Condition (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 14,784 $ 11,078
Interest-bearing bank deposits 18,500 10,673
Federal funds sold 2,500  
Total cash and cash equivalents 35,784 21,751
Securities available for sale, at fair value 235,311 232,764
Securities held to maturity, at cost (fair value of $62,834 and $68,585, respectively) 59,117 64,422
Equity securities, restricted, at cost 6,939 6,872
Total securities 301,367 304,058
Loans held for resale 349 580
Loans not covered by FDIC shared loss agreement 548,789 544,718
Loans covered by FDIC shared loss agreement 94,695 97,561
Total loans 643,484 642,279
Allowance for loan losses (non-covered loans of $13,935 and $14,835, respectively; covered loans of $460 and $776, respectively) (14,395) (15,611)
Net loans 629,089 626,668
FDIC indemnification asset 40,232 42,641
Bank premises and equipment, net 34,754 35,084
Other real estate owned, covered by FDIC shared loss agreement 3,974 5,764
Other real estate owned, non-covered 12,696 10,252
Bank owned life insurance 14,730 14,592
FDIC receivable under shared loss agreement 1,402 1,780
Core deposit intangibles, net 11,993 12,558
Other assets 16,308 16,768
Total assets 1,102,678 1,092,496
LIABILITIES    
Noninterest-bearing 77,055 64,953
Interest-bearing 867,002 868,538
Total deposits 944,057 933,491
Federal Home Loan Bank advances 37,000 37,000
Trust preferred capital notes 4,124 4,124
Other liabilities 6,075 6,701
Total liabilities 991,256 981,316
Commitment and Contingencies (Note 12)      
STOCKHOLDERS' EQUITY    
Preferred stock (5,000,000 shares authorized, $0.01 par value; 17,680 shares issued and outstanding) 17,680 17,680
Warrants on preferred stock 1,037 1,037
Discount on preferred stock (399) (454)
Common stock (200,000,000 shares authorized, $0.01 par value; 21,627,549 shares issued and outstanding) 216 216
Additional paid in capital 144,259 144,243
Retained deficit (53,047) (53,761)
Accumulated other comprehensive income 1,676 2,219
Total stockholders' equity 111,422 111,180
Total liabilities and stockholders' equity $ 1,102,678 $ 1,092,496