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Parent Company Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets
 
 
 
 
2012
 
2011
Assets:
(Amounts in thousands)
Cash on deposit with bank subsidiary
$
5,212

 
$
6,797

Investment in subsidiary
199,680

 
169,654

Other investments
1,765

 
1,864

Other assets
351

 
352

Total
$
207,008

 
$
178,667

Liabilities and Shareholders' Equity:
 
 
 
Dividends payable
$
183

 
$
2,163

Other liabilities
36,031

 
35,918

Shareholders' equity
170,794

 
140,586

Total
$
207,008

 
$
178,667

Condensed Results of Operations
Condensed Results of Operations
 
 
 
 
 
 
2012
 
2011
 
2010
Equity in earnings of subsidiary bank:
(Amounts in thousands)
Undistributed earnings (loss)
$
(7,684
)
 
$
(13,511
)
 
$
1,364

Income (expenses), net
(990
)
 
(884
)
 
(1,376
)
Net loss
(8,674
)
 
(14,395
)
 
(12
)
Preferred stock dividend and accretion of preferred stock discount
3,911

 
2,987

 
3,181

Net loss to common shareholders
$
(12,585
)
 
$
(17,382
)
 
$
(3,193
)
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
 
 
 
 
 
2012
 
2011
 
2010
Cash flows from operating activities:
 (Amounts in thousands)
Net loss from continuing operations
$
(8,674
)
 
$
(14,395
)
 
$
(12
)
Adjustments to reconcile net loss to net cash from operating activities:

 

 

Equity (loss) in undistributed earnings of subsidiaries
7,684

 
13,511

 
(1,364
)
Other-than-temporary impairment of investments
50

 
116

 
482

Loss on sale of other investments

 
80

 

Change in other assets
(18
)
 
315

 
53

Change in other liabilities
113

 
270

 
114

Net cash used in operating activities
(845
)
 
(103
)
 
(727
)
Cash flows from investing activities:
 
 
 
 
 
Purchase of investments

 
(250
)
 

Maturities, call and repayments of investments
99

 
55

 
19

Proceeds from sale of other investments

 
460

 

Additional investment in bank subsidiary
(37,000
)
 

 

Net cash provided by (used in) investing activities
(36,901
)
 
265

 
19

Cash flows from financing activities:
 
 
 
 
 
Issuance of preferred stock
40,592

 

 

Issuance of common stock

 
6,402

 

Dividends paid
(4,431
)
 
(616
)
 
(2,563
)
Net cash provided by (used in) financing activities
36,161

 
5,786

 
(2,563
)
Net increase (decrease) in cash
(1,585
)
 
5,948

 
(3,271
)
Cash at beginning of year
6,797

 
849

 
4,120

Cash at end of year
$
5,212

 
$
6,797

 
$
849