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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (USD $)
In Thousands, except Share data
Total
Common Stock
Preferred Stock
Warrants (Amounts in thousands, except share data)
Surplus (Amounts in thousands, except share data)
Retained Earnings (Accumulated Deficit) (Amounts in thousands, except share data)
Accumulated Other Comprehensive Income (loss) (Amounts in thousands, except share data)
Beginning Balance at Dec. 31, 2009 $ 152,266 $ 16,130 $ 46,152 $ 3,581 $ 114,574 $ (31,080) $ 2,909
Beginning Balance, shares at Dec. 31, 2009   16,129,640          
Net income (loss) 1,200         1,200  
Restricted stock issued, shares   15,000          
Restricted stock issued   15     (15)    
Discount accretion on preferred stock     309     (309)  
stock option compensation:              
stock options 38       38    
restricted stock 5       5    
Preferred stock dividends (1,233)         (1,233)  
Other comprehensive income 437           437
Ending Balance at Jun. 30, 2010 152,713 16,145 46,461 3,581 114,602 (31,422) 3,346
Ending Balance, shares at Jun. 30, 2010   16,144,640          
Beginning Balance at Dec. 31, 2010 147,457 [1] 16,148 46,770 3,581 114,649 (34,273) 582
Beginning Balance, shares at Dec. 31, 2010   16,147,640          
Net income (loss) (20,999)         (20,999)  
Issuance of common stock, shares   3,233,548          
Issuance of common stock 6,402 3,233     3,169    
Restricted stock issued, shares   145,000          
Restricted stock issued   145     (145)    
Discount accretion on preferred stock     310     (310)  
stock option compensation:              
stock options 38       38    
restricted stock 52       52    
Preferred stock dividends (1,135)         (1,135)  
Other comprehensive income 2,252           2,252
Ending Balance at Jun. 30, 2011 $ 134,067 $ 19,526 $ 47,080 $ 3,581 $ 117,763 $ (56,717) $ 2,834
Ending Balance, shares at Jun. 30, 2011   19,526,188          
[1] Derived from audited financial statements