STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2011

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 13—STOCKHOLDERS’ EQUITY

A summary of changes in stockholders’ equity is presented below (dollars in thousands):

				Additional				Total
	Common Stock			Paid-In		Retained		Stockholders’
	Shares	Amount		Capital		Earnings		Equity
Balances at December 31, 2010	21,408,171	$	214	$	77,047	$	47,381	$	124,642
Net income	—	—		—		23,849		23,849
Issuance of common shares	221,292	2		2,051		—		2,053
Stock-based compensation	—	—		1,724		—		1,724
Balances at September 30, 2011	21,629,463	$	216	$	80,822	$	71,230	$	152,268