XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Treasury Stock [Member]
Total
Balance at Dec. 31, 2008 $ 980 $ 674 $ 15,440 $ 10 $ (255) $ 0 $ 16,849
Balance (in shares) at Dec. 31, 2008   673,694          
Comprehensive income (loss):              
Net income (loss) 0 0 0 (13,235) 0 0 (13,235)
Change in net unrealized gains (losses) on investment securities available for sale, net of taxes 0 0 0 0 222 0 222
Total comprehensive income (loss) 0 0 0 0 0 0 (13,013)
Dividends paid on preferred stock Series A 0 0 0 (4) 0 0 (4)
Preferred stock Series A exchanged for common stock (980) 59 921 0 0 0 0
Preferred stock Series A exchanged for common stock (in shares)   59,388          
Subordinated debt converted to common stock 0 71 929 0 0 0 1,000
Subordinated debt converted to common stock (in shares)   71,073          
Common stock issued, net of costs 0 1,037 15,634 0 0 0 16,671
Common stock issued, net of costs (in shares)   1,036,748          
Dividends preferred stock 0 0 0 (4) 0 0 (4)
Balance at Dec. 31, 2009 0 1,841 32,924 (13,229) (33)   21,503
Balance (in shares) at Dec. 31, 2009   1,840,903          
Comprehensive income (loss):              
Net income (loss) 0 0 0 23,735 0 0 23,735
Change in net unrealized gains (losses) on investment securities available for sale, net of taxes 0 0 0 0 (1,863) 0 (1,863)
Total comprehensive income (loss) 0 0 0 0 0 0 21,872
Common stock issued, net of costs 0 6,324 52,700 0 0 0 59,024
Common stock issued, net of costs (in shares)   6,323,779          
Shares issued under the management stock purchase plan 0 233 467 0 0 0 700
Shares issued under the management stock purchase plan (in shares)   233,333          
Stock-based compensation expense 0 0 2,041 0 0 0 2,041
Balance at Dec. 31, 2010 0 8,398 88,132 10,506 (1,896) 0 105,140
Balance (in shares) at Dec. 31, 2010   8,398,015         8,398,015
Comprehensive income (loss):              
Net income (loss) 0 0 0 4,034 0 0 4,034
Change in net unrealized gains (losses) on investment securities available for sale, net of taxes 0 0 0 0 1,651 0 1,651
Total comprehensive income (loss) 0 0 0 0 0 0 5,685
Dividends paid on preferred stock Series A 0 0 0 (44) 0 0 (44)
Common stock issued, net of costs 0 2,374 26,152 0 0 0 28,526
Common stock issued, net of costs (in shares)   2,373,601          
Shares issued in the acquisition of Berkshire Bancorp, Inc. 3,037 623 7,614 0 0 0 11,274
Shares issued in the acquisition of Berkshire Bancorp, Inc. (in shares) 3,037 623,686          
Repurchase of preferred stock and warrants (3,037) 0 0 0 0 0 (3,037)
Repurchase of preferred stock and warrants (in shares) (3,037)            
Repurchase of 47,619 shares at a cost of $10.50 per share 0 (47,619) 0 0 0 (500) (500)
Dividends preferred stock 0 0 0 (44) 0 0 (44)
Stock-based compensation expense 0 0 704 0 0 0 704
Balance at Dec. 31, 2011 $ 0 $ 11,395 $ 122,602 $ 14,496 $ (245) $ (500) $ 147,748
Balance (in shares) at Dec. 31, 2011   11,347,683         11,347,683