10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q/A

Amendment No. 1

(Mark One)

x Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

For the quarterly period ended September 30, 2012

¨ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

For the transition period from              to             

(Commission File No. 333-182414)

TGR FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Florida	20-8397856
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

3560 Kraft Road Naples, Florida 34105

(Address of principal executive offices)

(239) 348-8000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  YES    ¨  NO

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    ¨  YES    ¨  NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    YES  x    NO

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class Common Stock, $1.00 Par Value Outstanding at December 10, 2012 14,060,143 Shares

EXPLANATORY NOTE

The sole purpose of this Amendment No. 1 to TGR Financial, Inc.’s (the “Company”) Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2012, filed with the Securities and Exchange Commission (the “Commission”) on November 14, 2012 (the “Form 10-Q”), is to furnish as exhibits to the Form 10-Q, pursuant to Rule 405 of Regulation S-T promulgated by the Commission, the consolidated financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Form 10-Q.

PART II – OTHER INFORMATION

ITEM 6. EXHIBITS.

2.1	Agreement and Plan of Merger, dated as of April 23, 2009, between Panther Community Bank, N.A. and First National Bank of the Gulf Coast (in organization) (incorporated by reference to Form S-4 filed with the SEC on June 28, 2012).
2.2	First Amendment to the Agreement and Plan of Merger, dated as of June 23, 2009, between Panther Community Bank, N.A. and First National Bank of the Gulf Coast (in organization) (incorporated by reference to Form S-4 filed with the SEC on June 28, 2012).
2.3	Reorganization Agreement and Plan of Share Exchange, dated June 26, 2012, between First National Bank of the Gulf Coast and TGR Financial, Inc. (incorporated by reference to Form S-4 filed with the SEC on June 28, 2012).
2.4	Purchase and Assumption Agreement – Whole Bank/All Deposits, dated July 20, 2012, between First National Bank of the Gulf Coast, Federal Deposit Insurance Corporation, Receiver of the Royal Palm Bank of Florida, Naples, Florida and Federal Deposit Insurance Corporation (incorporated by reference to Form S-4/A filed with the SEC on August 3, 2012).
3.1	Articles of Share Exchange between TGR Financial, Inc. and First National Bank of the Gulf Coast, dated September 25, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
3.2	Amended and Restated Articles of Incorporation of TGR Financial, Inc (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
3.3	Certificate of Designation, Preferences and Rights of Series A Nonvoting Convertible Preferred Stock of TGR Financial, Inc (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).

1

3.4	Amended and Restated Bylaws of TGR Financial, Inc (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.1	Investment Agreement, between TGR Financial, Inc. and the investors referred to therein, dated September 19, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.2	Registration Rights Agreement, among TGR Financial, Inc. and the holders a party thereto, dated September 19, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.3	Stockholders’ Agreement, among TGR Financial, Inc. and the stockholders a party thereto, dated September 19, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.4	Resolutions of the TGR Financial, Inc. Board of Directors, dated September 22, 2012, amending the Directors’ Stock Option Plan and the Officers’ and Employees’ Stock Option Plan (incorporated by reference to Form 10-Q filed with the SEC on November 14, 2012).
31.1	Rule 13a-14(a)/15d-14(a) Certification of the Principal Executive Officer.*
31.2	Rule 13a-14(a)/15d-14(a) Certification of the Principal Financial Officer.*
32.1	Section 1350 Certifications.*
101.INS	XBRL Instance Document.*^
101.SCH	XBRL Taxonomy Extension Schema Document.*^
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.*^
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.*^
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.*^
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.*^

* Filed Herewith.

^ In accordance with Regulation S-T, XBRL (Extensible Business Reporting Language) related information in Exhibit No. (101) to this Quarterly Report on Form 10-Q/A shall be deemed “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific preference in such filing.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: December 14, 2012	By:	/s/ Gary L. Tice
	Gary L. Tice
	Chairman and Chief Executive Officer (principal executive officer)

Date: December 14, 2012	By:	/s/ Robert T. Reichert
	Robert T. Reichert
	Chief Administrative Officer and Chief Financial Officer (principal financial officer)

3

EXHIBIT INDEX

Exhibit No.	Description
2.1	Agreement and Plan of Merger, dated as of April 23, 2009, between Panther Community Bank, N.A. and First National Bank of the Gulf Coast (in organization) (incorporated by reference to Form S-4 filed with the SEC on June 28, 2012).
2.2	First Amendment to the Agreement and Plan of Merger, dated as of June 23, 2009, between Panther Community Bank, N.A. and First National Bank of the Gulf Coast (in organization) (incorporated by reference to Form S-4 filed with the SEC on June 28, 2012).
2.3	Reorganization Agreement and Plan of Share Exchange, dated June 26, 2012, between First National Bank of the Gulf Coast and TGR Financial, Inc. (incorporated by reference to Form S-4 filed with the SEC on June 28, 2012).
2.4	Purchase and Assumption Agreement – Whole Bank/All Deposits, dated July 20, 2012, between First National Bank of the Gulf Coast, Federal Deposit Insurance Corporation, Receiver of the Royal Palm Bank of Florida, Naples, Florida and Federal Deposit Insurance Corporation (incorporated by reference to Form S-4/A filed with the SEC on August 3, 2012).
3.1	Articles of Share Exchange between TGR Financial, Inc. and First National Bank of the Gulf Coast, dated September 25, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
3.2	Amended and Restated Articles of Incorporation of TGR Financial, Inc (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
3.3	Certificate of Designation, Preferences and Rights of Series A Nonvoting Convertible Preferred Stock of TGR Financial, Inc (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
3.4	Amended and Restated Bylaws of TGR Financial, Inc (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.1	Investment Agreement, between TGR Financial, Inc. and the investors referred to therein, dated September 19, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.2	Registration Rights Agreement, among TGR Financial, Inc. and the holders a party thereto, dated September 19, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.3	Stockholders’ Agreement, among TGR Financial, Inc. and the stockholders a party thereto, dated September 19, 2012 (incorporated by reference to Form 8-K filed with the SEC on September 25, 2012).
10.4	Resolutions of the TGR Financial, Inc. Board of Directors, dated September 22, 2012, amending the Directors’ Stock Option Plan and the Officers’ and Employees’ Stock Option Plan (incorporated by reference to Form 10-Q filed with the SEC on November 14, 2012).
31.1	Rule 13a-14(a)/15d-14(a) Certification of the Principal Executive Officer.*

Exhibit No.	Description
31.2	Rule 13a-14(a)/15d-14(a) Certification of the Principal Financial Officer.*
32.1	Section 1350 Certifications.*
101.INS	XBRL Instance Document.*^
101.SCH	XBRL Taxonomy Extension Schema Document.*^
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.*^
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.*^
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.*^
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.*^

* Filed Herewith.

^ In accordance with Regulation S-T, XBRL (Extensible Business Reporting Language) related information in Exhibit No. (101) to this Quarterly Report on Form 10-Q/A shall be deemed “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific preference in such filing.

EX-31.1

Exhibit 31.1

Rule 13a-14(a)/15d-14(a) Certification of the Principal Executive Officer

I, Gary L. Tice, Chief Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q/A of TGR Financial, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within the entity, particularly during the period in which this report is being prepared;

b) [INTENTIONALLY OMITTED]

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 14, 2012	By:	/s/ Gary L. Tice
	Gary L. Tice
	Chairman and Chief Executive Officer (principal executive officer)

EX-31.2

Exhibit 31.2

Rule 13a-14(a)/15d-14(a) Certification of the Principal Financial Officer

I, Robert T. Reichert, Chief Financial Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q/A of TGR Financial, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within the entity, particularly during the period in which this report is being prepared;

b) [INTENTIONALLY OMITTED]

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 14, 2012	By:	/s/ Robert T. Reichert
	Robert T. Reichert
	Chief Administrative Officer and Chief Financial Officer (principal financial officer) (principal accounting officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, the Chief Executive Officer (principal executive officer) and the Chief Financial Officer (principal financial officer and principal accounting officer) of TGR Financial, Inc. (the “Company”), each certify, in accordance with 18 U.S.C. 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The quarterly report of the Company on Form 10-Q/A for the quarter ended September 30, 2012 as filed with the Securities and Exchange Commission on this date (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: December 14, 2012	By:	/s/ Gary L. Tice
	Gary L. Tice
	Chairman and Chief Executive Officer (principal executive officer)

Date: December 14, 2012	By:	/s/ Robert T. Reichert
	Robert T. Reichert
	Chief Administrative Officer and Chief Financial Officer (principal financial officer) (principal accounting officer)

XML

Amortized Cost and Fair Value Of Securities by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Securities Available for Sale, Amortized Cost
Due within one year	$ 1,997	$ 1,432
Due after one year through five years	59,623	57,151
Due after five years through ten years	59,263	37,073
Due over ten years	64,113	33,879
Total	184,996	129,535
Securities Available for Sale, Fair Value
Due within one year	2,013	1,429
Due after one year through five years	60,473	57,244
Due after five years through ten years	60,030	37,432
Due over ten years	64,423	34,544
Total	$ 186,939	$ 130,649

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Schedule of Federal Home Loan Advances (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Short-term Debt | Fixed Rate Debt | Group 1
Long and Short Term Federal Home Loan Advances [Line Items]
Term	30 days
Maturity Date	Oct. 26, 2012
Interest Rate	0.19%
Advance Amount	$ 5,000
Short-term Debt | Weighted Average
Long and Short Term Federal Home Loan Advances [Line Items]
Interest Rate	0.19%
Advance Amount	5,000
Long-term Debt | Fixed Rate Debt | Group 2
Long and Short Term Federal Home Loan Advances [Line Items]
Term	3 years
Maturity Date	Feb. 03, 2015
Interest Rate	0.66%
Advance Amount	3,000
Long-term Debt | Fixed Rate Debt | Group Three
Long and Short Term Federal Home Loan Advances [Line Items]
Term	4 years
Maturity Date	Feb. 03, 2016
Interest Rate	0.91%
Advance Amount	3,000
Long-term Debt | Weighted Average
Long and Short Term Federal Home Loan Advances [Line Items]
Interest Rate	0.78%
Advance Amount	$ 6,000

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Loans Modified as Troubled Debt Restructurings (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012 Loan	Sep. 30, 2011 Loan
Financing Receivable, Modifications [Line Items]
Number of loans	2	2
Pre-modification balances outstanding	$ 1,708	$ 1,054
Post-modification balances outstanding	1,151	1,041
Commercial Real Estate
Financing Receivable, Modifications [Line Items]
Number of loans	1	1
Pre-modification balances outstanding	1,128	1,014
Post-modification balances outstanding	702	1,005
Construction Loans
Financing Receivable, Modifications [Line Items]
Number of loans	1
Pre-modification balances outstanding	580
Post-modification balances outstanding	449
Consumer Loan
Financing Receivable, Modifications [Line Items]
Number of loans		1
Pre-modification balances outstanding		40
Post-modification balances outstanding		$ 36

XML

Stock Options and Warrants - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	9 Months Ended						9 Months Ended				9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 16, 2011	Sep. 30, 2012 Organizer warrants	Sep. 30, 2012 Shareholder warrants	Sep. 30, 2012 All other common shareholders	Sep. 30, 2012 Stock Options OptionPlan	Sep. 30, 2011 Stock Options	Dec. 31, 2011 Stock Options	Dec. 31, 2010 Stock Options	Sep. 30, 2012 Stock Options Director	Sep. 30, 2012 Stock Options Employee and Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Option Plans							2
Options outstanding							250,800	254,496	254,496	277,728	185,856	64,944
Maximum number of options that can be granted under both plans as percentage of outstanding common shares							10.00%
Options available for grant							1,155,214
Vesting period											5 years	3 years
Stock options, life							5 years 6 months 11 days	6 years 6 months 18 days			10 years	10 years
Unrecognized compensation cost	$ 0
Stock based compensation awards granted	0	0
Warrants to purchase common stock shares		5,380,973	5,412,523	952,500	10,020	671,054
Warrant term				10 years	5 years	5 years
Warrant exercise price	10		5.00
Warrant exercised		31,550
Warrant expiry date	Nov. 15, 2011

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Statistics for Past Due and Non Accrual Loans (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 600	$ 156
60-89 Days Past Due	737	111
90+ Days Past Due
Non-Accrual	6,448	970
Total Past Due And Non-Accrual	7,785	1,237
Current	315,627	182,138
Ending Balance Total Loans:	323,412	183,375
Current Non-Accrual Loans	3,681	855
Residential Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Ending Balance Total Loans:	116,541	51,192
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Ending Balance Total Loans:	142,518	82,372
Construction Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Ending Balance Total Loans:	33,937	17,083
Consumer and Other Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Ending Balance Total Loans:	12,326	15,941
Originated Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Ending Balance Total Loans:	266,294	159,842
Originated Loan | Residential Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
90+ Days Past Due
Current	97,714	45,743
Ending Balance Total Loans:	97,714	45,743
Originated Loan | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
90+ Days Past Due
Non-Accrual	1,327
Total Past Due And Non-Accrual	1,327
Current	111,563	65,751
Ending Balance Total Loans:	112,890	65,751
Originated Loan | Construction Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
90+ Days Past Due
Current	26,965	16,333
Ending Balance Total Loans:	26,965	16,333
Originated Loan | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
90+ Days Past Due
Non-Accrual	1,415
Total Past Due And Non-Accrual	1,415
Current	15,081	16,391
Ending Balance Total Loans:	16,496	16,391
Originated Loan | Consumer and Other Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	137	56
60-89 Days Past Due		54
90+ Days Past Due
Non-Accrual	25	15
Total Past Due And Non-Accrual	162	125
Current	12,067	15,499
Ending Balance Total Loans:	12,229	15,624
Acquired Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Ending Balance Total Loans:	57,118	23,533
Acquired Loans | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	370
90+ Days Past Due
Non-Accrual	3,232	855
Total Past Due And Non-Accrual	3,602	855
Current	26,026	15,766
Ending Balance Total Loans:	29,628	16,621
Current Non-Accrual Loans	3,232	855
Acquired Loans | Residential Real Estate and Consumer Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	93	100
60-89 Days Past Due	737	57
90+ Days Past Due
Non-Accrual	449	100
Total Past Due And Non-Accrual	1,279	257
Current	26,211	6,655
Ending Balance Total Loans:	27,490	6,912
Current Non-Accrual Loans	$ 449

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Acquisition of The Royal Palm Bank of Florida - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 20, 2012	Sep. 30, 2012	Sep. 30, 2012
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Deposits Assumed	$ 77,000,000
Assets Acquired	78,000,000
Discount bid for assets acquired	19,300,000
Net gain from business acquisition			613,000
Deferred Tax Liability		369,000	369,000
Measurement period adjustments, after tax		267,000	267,000
Acquisition Cost		797,000	797,000
Assets Acquired	79,032,000
Liabilities Assumed	78,419,000
Previously Reported
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Previously reported net after tax gain			880,000
Tax Liability
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Measurement period adjustments, before tax		(295,000)	(295,000)
Investment Securities
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Measurement period adjustments, before tax		(16,000)	(16,000)
Fixed Assets Write Off
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Measurement period adjustments, before tax		$ (118,000)	$ (118,000)

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Loss Per Share - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding warrants and options excluded from the calculation of diluted loss per share	1,884,243	1,887,939
Common stock subscribed	273,427
Convertible preferred stock subscribed	126,573

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Loans, Allowance and Asset Quality (Tables)

9 Months Ended

Sep. 30, 2012

Composition of Net Loans

The composition of net loans is as follows at September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	September 30, 2012					December 31, 2011
Commercial real estate	$	154,022		45	%	$	82,615		45	%
Construction loans		33,937		10	%		17,083		9	%
Commercial and industrial		18,179		5	%		16,800		9	%
Home equity lines of credit		8,594		3	%		4,453		3	%
Residential single family (includes loans held for sale, $417 and $237, respectively)		96,808		29	%		38,793		21	%
Residential multifamily		14,367		4	%		8,019		4	%
Consumer installment loans		12,360		4	%		15,942		9	%
		338,267		100	%		183,705		100	%
Less accretable discount		(2,344	)				(330	)
Less unaccretable discount		(12,511	)				—
		323,412					183,375
Plus net deferred loan origination costs		1,463					1,081
Less allowance for loan losses		(4,782	)				(3,057	)
Net loans	$	320,093				$	181,399

Allowances for Loan Losses and Composition of Charge-Off and Recoveries

The following tables illustrate certain information with respect to our allowance for loan losses and the composition of charge-offs and recoveries for the nine months ended September 30, 2012 and 2011, respectively, (dollars in thousands).

	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial			Consumer and Other			Total
The Bank’s activity in the allowance for loan losses is summarized below for the nine months ended 09/30/12:
Allowance For Loan Losses
Originated Loans:
Beginning Balance	$	398	$	485	$	604	$	221		$	135		$	1,843
Provision		362		1,061		232		74			84			1,813
Charge Offs		—		—		—		—			75			75
Recoveries		—		—		—		—			31			31
Ending Balance Originated Loans:	$	760	$	1,546	$	836	$	295		$	175		$	3,612
Acquired Loans:
Beginning balance		219		922		43		23			7			1,214
Provision		57		34		74		(8	)		(6	)		151
Charge Offs		100		—		117		—			—			217
Recoveries		22		—		—		—			—			22
Ending Balance Acquired Loans:	$	198	$	956	$	—	$	15		$	1		$	1,170
Ending Balance Total Allowance:	$	958	$	2,502	$	836	$	310		$	176		$	4,782
The Bank’s activity in the allowance for loan losses is summarized below for the nine months ended 09/30/11:
Allowance For Loan Losses
Originated Loans:
Beginning Balance	$	122	$	528	$	26	$	105		$	98		$	879
Provision		152		226		124		6			82			590
Charge Offs								1			21			22
Recoveries											1			1
Ending Balance Originated Loans:	$	274	$	754	$	150	$	110		$	160		$	1,448
Acquired Loans:
Beginning balance		—		169		—		—			—			169
Provision		43		660		19		1			3			726
Charge Offs		—		—		—		—			—			—
Recoveries		—		—		—		—			—			—
Ending Balance Acquired Loans:	$	43	$	829	$	19	$	1		$	3		$	895
Ending Balance Total Allowance:	$	317	$	1,583	$	169	$	111		$	163		$	2,343

Allowance for Loan Losses and Composition of Impaired Loans

The following tables illustrate certain information with respect to our allowance for loan losses and the composition of impaired loans as of September 30, 2012 and December 31, 2011, respectively, (dollars in thousands).

	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial		Consumer and Other		Total
The Bank’s allowance for loan losses impairment evaluation at September 30, 2012:
Individually evaluated for impairment	$	80	$	117	$	—	$	—	$	—	$	197
Collectively evaluated for impairment		878		2,385		836		310		176		4,585
Acquired with deteriorated credit quality		—		—		—		—		—		—
Ending Balance Total Allowance:	$	958	$	2,502	$	836	$	310	$	176	$	4,782
The Bank’s loan balances based on impairment evaluation at September 30, 2012:
Individually evaluated for impairment	$	306	$	1,497	$	449	$	—	$	66	$	2,318
Collectively evaluated for impairment		102,348		125,940		26,965		16,757		12,232		284,242
Acquired with deteriorated credit quality		13,887		15,081		6,523		1,333		28		36,852
Ending Balance Total Loans:	$	116,541	$	142,518	$	33,937	$	18,090	$	12,326	$	323,412
The Bank’s allowance for loan losses impairment evaluation at December 31, 2011:
Individually evaluated for impairment	$	100	$	—	$	—	$	—	$	—	$	100
Collectively evaluated for impairment		516		1,407		647		246		141		2,957
Acquired with deteriorated credit quality		—		—		—		—		—		—
Ending Balance Total Allowance:	$	616	$	1,407	$	647	$	246	$	141	$	3,057
The Bank’s loan balances based on impairment evaluation at December 31, 2011:
Individually evaluated for impairment	$	157	$	855	$	—	$	—	$	110	$	1,122
Collectively evaluated for impairment		51,035		81,517		17,083		16,787		15,831		182,253
Acquired with deteriorated credit quality		—		—		—		—		—		—
Ending Balance Total Loans:	$	51,192	$	82,372	$	17,083	$	16,787	$	15,941	$	183,375

Loan Portfolio Segmented By Risk Factors

The below tables represent the loan portfolio, segmented by risk factors, as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

As of September 30, 2012	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial		Consumer and Other		Total Loans
Originated Loans:
Risk Free	$	—	$	—	$	—	$	320	$	582	$	902
Excellent		—		738		—		675		400		1,813
Good		4,812		23,312		1,647		2,463		126		32,360
Satisfactory		92,902		84,723		25,318		11,623		11,029		225,595
Watch		—		—		—		—		—		—
OLEM		—		—		—		—		67		67
Substandard		—		4,117		—		1,415		25		5,557
Doubtful		—		—		—		—		—		—
Sub-total		97,714		112,890		26,965		16,496		12,229		266,294
Acquired Loans:
Risk Free		—		—		—		—		—		—
Excellent		—		—		—		—		—		—
Good		13,887		15,081		6,523		1,333		28		36,852
Satisfactory		4,635		9,781		—		161		69		14,646
Watch		—		—		—		—		—		—
OLEM		225		541		—		42		—		808
Substandard		—		4,108		449		58		—		4,615
Doubtful		80		117		—		—		—		197
Sub-total		18,827		29,628		6,972		1,594		97		57,118
Total	$	116,541	$	142,518	$	33,937	$	18,090	$	12,326	$	323,412

As of December 31, 2011	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial		Consumer and Other		Total Loans
Originated Loans:
Risk Free	$	—	$	—	$	—	$	359	$	621	$	980
Excellent		—		764		—		675		400		1,839
Good		974		15,539		4,047		2,726		579		23,865
Satisfactory		44,769		49,448		12,286		12,631		13,956		133,090
Watch		—		—		—		—		53		53
OLEM		—		—		—		—		—		—
Substandard		—		—		—		—		15		15
Doubtful		—		—		—		—		—		—
Sub-total		45,743		65,751		16,333		16,391		15,624		159,842
Acquired Loans:
Risk Free		—		—		—		—		—		—
Excellent		—		—		—		—		62		62
Good		—		—		—		—		—		—
Satisfactory		5,392		13,039		750		396		255		19,832
Watch		—		2,743		—		—		—		2,743
OLEM		—		—		—		—		—		—
Substandard		—		364		—		—		—		364
Doubtful		57		475		—		—		—		532
Sub-total		5,449		16,621		750		396		317		23,533
Total	$	51,192	$	82,372	$	17,083	$	16,787	$	15,941	$	183,375

Statistics For Past Due and Non Accrual Loans

Below are the statistics for past due and non-accrual loans, by portfolio segment, as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	30-59 Days Past Due		60-89 Days Past Due		90 + Days Past Due		Non- Accrual		Total Past Due and Non- Accrual		Current		Total Loans		Current Non- Accrual Loans
As of September 30, 2012
Originated Loans:
Residential single & multifamily	$	—	$	—	$	—	$	—	$	—	$	97,714	$	97,714	$	—
Commercial real estate		—		—		—		1,327		1,327		111,563		112,890		—
Construction loans		—		—		—		—		—		26,965		26,965		—
Commercial and industrial		—		—		—		1,415		1,415		15,081		16,496		—
Consumer and other		137		—		—		25		162		12,067		12,229		—
Acquired Loans:
Commercial real estate		370		—		—		3,232		3,602		26,026		29,628		3,232
Residential, consumer and other		93		737		—		449		1,279		26,211		27,490		449
Total Loans	$	600	$	737	$	—	$	6,448	$	7,785	$	315,627	$	323,412	$	3,681
As of December 31, 2011
Originated Loans:
Residential single & multifamily	$	—	$	—	$	—			$	—	$	45,743	$	45,743	$	—
Commercial real estate		—		—		—				—		65,751		65,751		—
Construction loans		—		—		—				—		16,333		16,333		—
Commercial and industrial		—		—		—				—		16,391		16,391		—
Consumer and other		56		54		—		15		125		15,499		15,624		—
Acquired Loans:
Commercial real estate		—		—		—		855		855		15,766		16,621		855
Residential, consumer and other		100		57		—		100		257		6,655		6,912		—
Total Loans	$	156	$	111	$	—	$	970	$	1,237	$	182,138	$	183,375	$	855

Impaired Loans

The following is a summary of information pertaining to impaired loans as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	As of September 30, 2012						Nine Months Ended September 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential single & multifamily	$	—	$	—	$	—	$	44	$	—
Commercial real estate		795		1,886		—		818		—
Construction loans		449		580		—		506		—
Commercial and industrial		—		—		—		—		—
Consumer and other		66		66		—		70		4
With An Allowance Recorded:
Residential single & multifamily		306		306		80		305		10
Commercial real estate		702		731		117		710		—
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		—		—		—		—		—
Total:
Residential single & multifamily		306		306		80		349		10
Commercial real estate		1,497		2,617		117		1,528		—
Construction loans		449		580		—		506		—
Commercial and industrial		—		—		—		—		—
Consumer and other		66		66		—		70		4
	$	2,318	$	3,569	$	197	$	2,454	$	14

	As of December 31, 2011						Nine Months Ended September 30, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential single & multifamily	$	57	$	100	$	—	$	—	$	—
Commercial real estate		855		1,713		—		1,477		31
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		110		110		—		42		6
With An Allowance Recorded:
Residential single & multifamily		100		100		100		—		—
Commercial real estate		—		—		—		—		—
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		—		—		—		—		—
Total:
Residential single & multifamily		157		200		100		—		—
Commercial real estate		855		1,713		—		1,477		31
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		110		110		—		42		6
	$	1,122	$	2,023	$	100	$	1,519	$	37

Loans Modified as Troubled Debt Restructurings

The following is a summary of information pertaining to loans modified as troubled debt restructurings for the periods listed below (dollars in thousands).

	Loans Modified as a TDR for the Nine Months Ended
Troubled Debt Restructuring	September 30, 2012		September 30, 2011
Commercial Real Estate:
Number of loans		1		1
Pre-modification balances outstanding	$	1,128	$	1,014
Post-modification balances outstanding	$	702	$	1,005
Home Equity Lines of Credit:
Number of loans		—		—
Pre-modification balances outstanding	$	—	$	—
Post-modification balances outstanding	$	—	$	—
Construction Loans:
Number of loans		1		—
Pre-modification balances outstanding	$	580	$	—
Post-modification balances outstanding	$	449	$	—
Consumer Loans:
Number of loans		—		1
Pre-modification balances outstanding	$	—	$	40
Post-modification balances outstanding	$	—	$	36
Total Loans:
Number of loans		2		2
Pre-modification balances outstanding	$	1,708	$	1,054
Post-modification balances outstanding	$	1,151	$	1,041

Other Real Estate Owned Net of Valuation Allowances and Direct Write Downs

The following tables illustrate information related to the Bank’s other real estate owned, net of valuation allowances and direct write-downs:

	September 30, 2012		December 31, 2011
Commercial real estate	$	2,101	$	799
Construction and land loans		680		—
Total	$	2,781	$	799
Balance at January 1, 2012			$	799
Transfers of loans				—
Fair value of other real estate owned acquired				3,149
Write downs				(105	)
Dispositions				(1,061	)
Other				(1	)
Balance at September 30, 2012			$	2,781

Loans Acquired with Credit Deterioration Estimated Fair Value

These loans were evaluated to determine estimated fair values as of the Closing Date.

As of September 30, 2012	ASC 310-30		ASC 310-20		Total
Commercial real estate	$	11,198	$	7,490	$	18,689
Construction loans		1,291		288		1,579
Commercial and industrial		38		1,194		1,232
Home equity lines of credit		88		902		990
Residential single family		5,835		8,397		14,233
Consumer installment loans		—		129		129
	$	18,451	$	18,401	$	36,852

Total Contractually Required Principal and Interest Payments Adjusted for Estimated Prepayments

The following table summarizes the total contractually required principal and interest cash payments, management’s estimate of expected cash payments and the carrying value of the loans as of September 30, 2012. Contractually required principal and interest payments have been adjusted for estimated prepayments.

(dollars in thousands)	July 20, 2012			Income Accretion		Other Adjustments			September 30, 2012
Contractually-required principal	$	54,045		$	—	$	(2,603	)	$	51,442
Non-accretable difference		(12,200	)		46		7			(12,147	)
Cash flows expected to be collected		41,845			46		(2,596	)		39,295
Accretable yield		(3,038	)		119		476			(2,443	)
Carrying value of acquired loans	$	38,807		$	165	$	(2,120	)	$	36,852

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Loans Acquired with Credit Deterioration Estimated Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	$ 36,852	$ 38,807
Commercial Real Estate
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	18,689
Construction Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	1,579
Commercial and Industrial Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	1,232
Home Equity Line of Credit
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	990
Residential Mortgage
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	14,233
Consumer Installment Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	129
ASC 310-30
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	18,451
ASC 310-30 | Commercial Real Estate
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	11,198
ASC 310-30 | Construction Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	1,291
ASC 310-30 | Commercial and Industrial Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	38
ASC 310-30 | Home Equity Line of Credit
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	88
ASC 310-30 | Residential Mortgage
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	5,835
ASC 310-20
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	18,401
ASC 310-20 | Commercial Real Estate
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	7,490
ASC 310-20 | Construction Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	288
ASC 310-20 | Commercial and Industrial Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	1,194
ASC 310-20 | Home Equity Line of Credit
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	902
ASC 310-20 | Residential Mortgage
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	8,397
ASC 310-20 | Consumer Installment Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Loans acquired	$ 129

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Loans, Allowance and Asset Quality - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2012 Loan	Dec. 31, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
General loss reserve	$ 4,600,000	$ 3,000,000
Specific reserves on loans	197,000	100,000
Increases in net loans outstanding	102,000,000
Troubled debt restructurings defaults, Number of Loans	0
Troubled debt restructuring	The restructured terms included either rate reductions between 100 - 150 basis points and/or payment terms reduced from principal and interest to interest only.
Reclassification of loan from non -accretable to accretable	$ 46,000
Troubled Debt Restructuring
Financing Receivable, Allowance for Credit Losses [Line Items]
Troubled debt restructurings defaults, Number of Loans	2
Minimum | Troubled Debt Restructuring
Financing Receivable, Allowance for Credit Losses [Line Items]
Interest rate reduction basis points	1.00%
Maximum | Troubled Debt Restructuring
Financing Receivable, Allowance for Credit Losses [Line Items]
Interest rate reduction basis points	1.50%
First Mortgage | Minimum
Financing Receivable, Allowance for Credit Losses [Line Items]
Residential real estate loans, maturity period	5 years
First Mortgage | Maximum
Financing Receivable, Allowance for Credit Losses [Line Items]
Residential real estate loans, maturity period	30 years

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Securities Available for Sale with Gross Unrealized Losses (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than Twelve Months, Gross Unrealized Losses	$ 361	$ 526
Less than Twelve Months, Fair Value	38,755	27,525
Over Twelve Months, Gross Unrealized Losses	27	65
Over Twelve Months, Fair Value	3,924	1,935
Total, Gross Unrealized Losses	388	591
Total, Fair Value	42,679	29,460
U.S. Government agencies and government sponsored entities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than Twelve Months, Gross Unrealized Losses	49	58
Less than Twelve Months, Fair Value	12,936	8,258
Over Twelve Months, Gross Unrealized Losses	2
Over Twelve Months, Fair Value	1,341
Total, Gross Unrealized Losses	51	58
Total, Fair Value	14,277	8,258
Agency mortgage backed securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than Twelve Months, Gross Unrealized Losses		10
Less than Twelve Months, Fair Value		4,218
Total, Gross Unrealized Losses		10
Total, Fair Value		4,218
Agency collateralized mortgage obligations
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than Twelve Months, Gross Unrealized Losses	3	41
Less than Twelve Months, Fair Value	1,252	3,332
Over Twelve Months, Gross Unrealized Losses	1
Over Twelve Months, Fair Value	107
Total, Gross Unrealized Losses	4	41
Total, Fair Value	1,359	3,332
State, county and municipal
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than Twelve Months, Gross Unrealized Losses	299	180
Less than Twelve Months, Fair Value	24,077	9,004
Total, Gross Unrealized Losses	299	180
Total, Fair Value	24,077	9,004
Corporate bonds
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Less than Twelve Months, Gross Unrealized Losses	10	237
Less than Twelve Months, Fair Value	490	2,713
Over Twelve Months, Gross Unrealized Losses	24	65
Over Twelve Months, Fair Value	2,476	1,935
Total, Gross Unrealized Losses	34	302
Total, Fair Value	$ 2,966	$ 4,648

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Goodwill And Intangible Assets - Additional Information (Detail) (USD $)	12 Months Ended				9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012 Trademarks	Sep. 30, 2012 Core Deposit Intangible
Goodwill [Line Items]
Goodwill not subject to amortization			$ 3,900,000
Indefinite lived bank charter intangible asset			1,200,000
Impairment of goodwill	0	0
Intangible assets subject to amortization			213,000	122,000
Amortization period					20 years	5 years
Expected future amortization, year one			27,000
Expected future amortization, year two			27,000
Expected future amortization, year three			27,000
Expected future amortization, year four			27,000
Expected future amortization, year five			$ 27,000

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Restrictions on Retained Earnings And Regulatory Matters - Additional Information (Detail)	Sep. 30, 2012
Retained Earnings Adjustments [Line Items]
Allowance for loan losses as a percentage of gross risk weighted assets, limitation of Tier II capital	1.25%

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Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 2,318		$ 1,122
Unpaid Principal Balance	3,569		2,023
Related Allowance	197		100
Average Recorded Investment	2,454	1,519
Interest Income Recognized	14	37
Residential Mortgage
Financing Receivable, Impaired [Line Items]
Recorded Investment			157
Unpaid Principal Balance			200
Related Allowance			100
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,497		855
Unpaid Principal Balance	2,617		1,713
Related Allowance	117
Average Recorded Investment	1,528	1,477
Interest Income Recognized		31
Construction Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment	449
Unpaid Principal Balance	580
Average Recorded Investment	506
Consumer and Other Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment	66		110
Unpaid Principal Balance	66		110
Average Recorded Investment	70	42
Interest Income Recognized	4	6
Residential One to Four Family and Multifamily Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment	306
Unpaid Principal Balance	306
Related Allowance	80
Average Recorded Investment	349
Interest Income Recognized	10
Impaired Financing Receivables with No Related Allowance | Residential Mortgage
Financing Receivable, Impaired [Line Items]
Recorded Investment			57
Unpaid Principal Balance			100
Average Recorded Investment	44
Impaired Financing Receivables with No Related Allowance | Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	795		855
Unpaid Principal Balance	1,886		1,713
Average Recorded Investment	818	1,477
Interest Income Recognized		31
Impaired Financing Receivables with No Related Allowance | Construction Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment	449
Unpaid Principal Balance	580
Average Recorded Investment	506
Impaired Financing Receivables with No Related Allowance | Consumer and Other Loans
Financing Receivable, Impaired [Line Items]
Recorded Investment	66		110
Unpaid Principal Balance	66		110
Average Recorded Investment	70	42
Interest Income Recognized	4	6
Impaired Financing Receivables with Related Allowance | Residential Mortgage
Financing Receivable, Impaired [Line Items]
Recorded Investment	306		100
Unpaid Principal Balance	306		100
Related Allowance	80		100
Average Recorded Investment	305
Interest Income Recognized	10
Impaired Financing Receivables with Related Allowance | Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	702
Unpaid Principal Balance	731
Related Allowance	117
Average Recorded Investment	$ 710

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Description of Business and Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2012

Description of Business and Summary of Significant Accounting Policies

NOTE 1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of business: TGR Financial, Inc. (the “Company”) is a Florida corporation organized in November 2011 at the direction of the Board of Directors of First National Bank of the Gulf Coast (the “Bank”) solely for the purpose of becoming a holding company for the Bank. Prior to September 25, 2012, the Company had no operating history and no business purpose other than to become a bank holding company. Effective September 25, 2012 (the “Effective Date”), the Company and the Bank completed a Reorganization, as more fully described in the Company’s registration statement on Form S-4, filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, on June 26, 2012, and amended on Form S-4/A, filed with the SEC on August 3, 2012, (SEC Registration No. 333-182414). At the Effective Date, each issued and outstanding share of the Bank’s common stock was converted solely into the right to receive one (1) share of the Company’s common stock, pursuant to the terms of a Reorganization Agreement and Plan of Share Exchange, dated June 26, 2012, entered into between the Company and the Bank. All outstanding Bank warrants or options on the Effective Date were converted into Company warrants and options on a one-for-one basis. Upon completion of the reorganization, the Bank became a wholly owned subsidiary of the Company. The Company incurred approximately $665,000 in costs associated with the holding company formation. These costs are reflected in the Company’s results of operations for the three and nine months ended September 30, 2012.

The Bank commenced operations on October 23, 2009, as a federally chartered commercial bank in the State of Florida. Effective October 23, 2009 the Bank, formerly known as Panther Community Bank, N.A. (“Panther”) acquired First National Bank of the Gulf Coast (in organization) (“First National”); immediately thereafter Panther changed its name to First National Bank of the Gulf Coast. The acquisition was accounted for as a reverse acquisition. During its period of organization, First National incurred organizational, start-up and pre-opening costs of $8.8 million.

The Bank provides a full range of banking services to individual and corporate customers from its branch locations in Southwest Florida. All of the Bank’s activities relate to community banking and accordingly, the Bank has a single reportable segment.

Basis of presentation: The accompanying consolidated balance sheet as of December 31, 2011, which was derived from audited financial statements, and the unaudited consolidated financial statements for the three and nine months ended September 30, 2012 and 2011 have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and should be read in conjunction with the annual financial statements of the Bank for the year ended December 31, 2011 and notes thereto. In the opinion of Management, all adjustments (consisting of normal recurring accruals) considered necessary in order to make the financial statements not misleading have been included.

Results for the nine months ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. For further information, refer to the financial statements and footnotes thereto included in the Bank’s Annual Report on Form 10-K for the year ended December 31, 2011 as filed with the Office of the Comptroller of the Currency (the “OCC”) on March 26, 2012, as amended on March 29, 2012.

Subsequent events: Management has evaluated subsequent events through the date the financial statements were issued.

Recent accounting pronouncements: In April 2011, the Financial Accounting Standards Board, (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2011-02, “A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring” to amend previous guidance with respect to troubled debt restructurings. This updated guidance is designed to assist creditors with determining whether or not a restructuring constitutes a troubled debt restructuring (“TDR”). In particular, additional guidance has been added to help creditors determine whether a concession has been granted and whether a debtor is experiencing financial difficulties. Both of these conditions are required to be met for a restructuring to constitute a troubled debt restructuring. The amendments in the update are effective for the first interim period beginning on or after June 15, 2011, and have been applied retrospectively to the beginning of the annual period of adoption. The Bank adopted the provisions of this update and it did not have a material impact on the Company’s financial position or results of operations.

In April 2011, the FASB issued ASU No. 2011-03 “Reconsideration of Effective Control for Repurchase Agreements.” The amendments in this ASU remove from the assessment of effective control the criterion relating to the transferor’s ability to repurchase or redeem financial assets on substantially the agreed terms, even in the event of default by the transferee. The amendments in this ASU also eliminate the requirement to demonstrate that the transferor possesses adequate collateral to fund substantially all the cost of purchasing replacement financial assets. The guidance in this ASU is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early adoption is not permitted. The Bank has adopted the methodologies prescribed by this ASU. The provisions of this update did not have a material impact on the Company’s financial position or results of operations.

In May 2011, the FASB issued ASU No. 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards.” The amendments in this ASU generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This ASU results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and International Financial Reporting Standards (“IFRSs”). The amendments in this ASU are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The Company has adopted the methodologies prescribed by this ASU. The provisions of this update did not have a material impact on the Company’s financial position or results of operations.

In June 2011, the FASB issued ASU No. 2011-05 “Amendments to Topic 220, Comprehensive Income.” Under the amendments in this ASU, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. The amendments in this ASU do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The amendments in this ASU should be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of the update has impacted disclosures only and did not have a material impact on the financial position or results of operations of the Company.

In December 2011, FASB issued an update ASU No. 2011-12 “Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU No. 2011-05,” to defer the effective date for those changes related to the presentation of reclassifications of items out of accumulated other comprehensive income. While FASB continues to deliberate whether the reclassification adjustments should be presented on the face of the financial statements, reclassifications out of accumulated other comprehensive income should be reported in accordance with presentation requirements in effect prior to FASB’s update. The adoption of the update has impacted disclosures only and did not have a material impact on the financial position or results of operations of the Company. The Company will adopt the reclassifications disclosure related to ASU No. 2011-05 when the due date is finalized.

In September 2011, the FASB issued ASU No. 2011-08, “Testing Goodwill for Impairment.” The ASU provides the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the results of the qualitative analysis indicate it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, the quantitative two-step impairment test, which is required under current U.S. GAAP, would not be necessary. The ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, if an entity’s financial statements for the most recent annual or interim period have not yet been issued. The Bank has adopted the methodologies prescribed by this ASU. The provisions of this update did not have a material impact on the Company’s financial position or results of operations.

In July 2012, the FASB issued ASU No. 2012-02, “Testing Indefinite-Lived Intangible Assets for Impairment.” The provisions of ASU No. 2012-02 permit an entity to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform a quantitative impairment test, as is currently required by GAAP. ASU No. 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The provisions of this update are not expected to have a material impact on the Company’s financial position or results of operations.

Reclassifications: Certain prior period amounts have been reclassified to conform to current period presentation. These reclassifications did not result in any changes to previously reported net income or stockholders’ equity.

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Actual Capital Amounts and Ratios (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual total capital (to risk weighted assets)	$ 64,820
Actual total capital (to risk weighted assets), percentage	18.69%
For Capital Adequacy Purposes Total capital (to risk weighted assets)	27,751
For Capital Adequacy Purposes Total capital (to risk weighted assets), percentage	8.00%
To Be Well Capitalized Under Prompt Correction Action Provisions Total capital (to risk weighted assets)	34,689
To Be Well Capitalized Under Prompt Correction Action Provisions Total capital (to risk weighted assets), percentage	10.00%
Actual Tier I capital (to risk weighted assets)	60,478
Actual Tier I capital (to risk weighted assets), percentage	17.43%
For Capital Adequacy Purposes Tier I capital (to risk weighted assets)	13,875
For Capital Adequacy Purposes Tier I capital (to risk weighted assets), percentage	4.00%
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to risk weighted assets)	20,813
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to risk weighted assets), percentage	6.00%
Actual Tier I capital (to average assets)	60,478
Actual Tier I capital (to average assets), percentage	10.92%
For Capital Adequacy Purposes Tier I capital (to average assets)	22,149
For Capital Adequacy Purposes Tier I capital (to average assets), percentage	4.00%
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to average assets)	27,687
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to average assets), percentage	5.00%
First National Bank Of Gulf Coast
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual total capital (to risk weighted assets)	63,459	61,205
Actual total capital (to risk weighted assets), percentage	18.40%	27.75%
For Capital Adequacy Purposes Total capital (to risk weighted assets)	27,589	17,645
For Capital Adequacy Purposes Total capital (to risk weighted assets), percentage	8.00%	8.00%
To Be Well Capitalized Under Prompt Correction Action Provisions Total capital (to risk weighted assets)	34,486	22,056
To Be Well Capitalized Under Prompt Correction Action Provisions Total capital (to risk weighted assets), percentage	10.00%	10.00%
Actual Tier I capital (to risk weighted assets)	59,143	58,444
Actual Tier I capital (to risk weighted assets), percentage	17.15%	26.50%
For Capital Adequacy Purposes Tier I capital (to risk weighted assets)	13,794	8,822
For Capital Adequacy Purposes Tier I capital (to risk weighted assets), percentage	4.00%	4.00%
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to risk weighted assets)	20,691	13,234
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to risk weighted assets), percentage	6.00%	6.00%
Actual Tier I capital (to average assets)	59,143	58,444
Actual Tier I capital (to average assets), percentage	10.68%	15.74%
For Capital Adequacy Purposes Tier I capital (to average assets)	22,145	14,854
For Capital Adequacy Purposes Tier I capital (to average assets), percentage	4.00%	4.00%
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to average assets)	$ 27,681	$ 18,568
To Be Well Capitalized Under Prompt Correction Action Provisions Tier I capital (to average assets), percentage	5.00%	5.00%

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Allowances for Loan Losses and Composition of Charge-Off and Recoveries (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended									9 Months Ended							9 Months Ended							9 Months Ended							9 Months Ended							9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012 Originated Loan	Sep. 30, 2011 Originated Loan	Sep. 30, 2012 Acquired Loans	Sep. 30, 2011 Acquired Loans	Sep. 30, 2012 Residential Mortgage	Dec. 31, 2011 Residential Mortgage	Sep. 30, 2011 Residential Mortgage	Sep. 30, 2012 Residential Mortgage Originated Loan	Sep. 30, 2011 Residential Mortgage Originated Loan	Sep. 30, 2012 Residential Mortgage Acquired Loans	Sep. 30, 2011 Residential Mortgage Acquired Loans	Sep. 30, 2012 Commercial Real Estate	Dec. 31, 2011 Commercial Real Estate	Sep. 30, 2011 Commercial Real Estate	Sep. 30, 2012 Commercial Real Estate Originated Loan	Sep. 30, 2011 Commercial Real Estate Originated Loan	Sep. 30, 2012 Commercial Real Estate Acquired Loans	Sep. 30, 2011 Commercial Real Estate Acquired Loans	Sep. 30, 2012 Construction Loans	Dec. 31, 2011 Construction Loans	Sep. 30, 2011 Construction Loans	Sep. 30, 2012 Construction Loans Originated Loan	Sep. 30, 2011 Construction Loans Originated Loan	Sep. 30, 2012 Construction Loans Acquired Loans	Sep. 30, 2011 Construction Loans Acquired Loans	Sep. 30, 2012 Commercial and Industrial Loans	Dec. 31, 2011 Commercial and Industrial Loans	Sep. 30, 2011 Commercial and Industrial Loans	Sep. 30, 2012 Commercial and Industrial Loans Originated Loan	Sep. 30, 2011 Commercial and Industrial Loans Originated Loan	Sep. 30, 2012 Commercial and Industrial Loans Acquired Loans	Sep. 30, 2011 Commercial and Industrial Loans Acquired Loans	Sep. 30, 2012 Consumer and Other Loans	Dec. 31, 2011 Consumer and Other Loans	Sep. 30, 2011 Consumer and Other Loans	Sep. 30, 2012 Consumer and Other Loans Originated Loan	Sep. 30, 2011 Consumer and Other Loans Originated Loan	Sep. 30, 2012 Consumer and Other Loans Acquired Loans	Sep. 30, 2011 Consumer and Other Loans Acquired Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			$ 3,057		$ 1,843	$ 879	$ 1,214	$ 169	$ 958	$ 616	$ 317	$ 398	$ 122	$ 219		$ 2,502	$ 1,407	$ 1,583	$ 485	$ 528	$ 922	$ 169	$ 836	$ 647	$ 169	$ 604	$ 26	$ 43		$ 310	$ 246	$ 111	$ 221	$ 105	$ 23		$ 176	$ 141	$ 163	$ 135	$ 98	$ 7
Provision	(361)	(490)	(1,963)	(1,316)	1,813	590	151	726				362	152	57	43				1,061	226	34	660				232	124	74	19				74	6	(8)	1				84	82	(6)	3
Charge Offs					75	22	217							100														117						1						75	21
Recoveries					31	1	22							22																										31	1
Ending Balance, Allowance	$ 4,782	$ 2,343	$ 4,782	$ 2,343	$ 3,612	$ 1,448	$ 1,170	$ 895	$ 958	$ 616	$ 317	$ 760	$ 274	$ 198	$ 43	$ 2,502	$ 1,407	$ 1,583	$ 1,546	$ 754	$ 956	$ 829	$ 836	$ 647	$ 169	$ 836	$ 150		$ 19	$ 310	$ 246	$ 111	$ 295	$ 110	$ 15	$ 1	$ 176	$ 141	$ 163	$ 175	$ 160	$ 1	$ 3

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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Off-Balance Sheet Credit Risk Information

Following is a summary of off-balance sheet credit risk information (dollars in thousands).

	September 30, 2012		December 31, 2011
Commitments to extend credit	$	38,078	$	35,580
Standby letters of credit	$	431	$	506

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Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Calculation of Basic and Diluted Loss Per share

As such, the impact of this event has been excluded from the table below and on the consolidated statements of operations.

Nine Months Ended:	September 30, 2012		September 30, 2011
Weighted average number of shares of common stock outstanding:		14,060,143		9,904,399
Basic and diluted gain/(loss), per share	$	0.01	$	(0.24	)
Three Months Ended:	September 30, 2012		September 30, 2011
Weighted average number of shares of common stock outstanding:		14,060,143		13,402,644
Basic and diluted gain/(loss), per share	$	0.04	$	(0.05	)

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Activity of Bank's Outstanding Stock Options and Warrants (Detail) (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Number Of Options
Granted	0	0
Stock Options
Number Of Options
Outstanding, beginning of period	254,496	277,728
Granted
Exercised
Repurchased
Expired	(3,696)	(23,232)
Outstanding, end of period	250,800	254,496
Exercisable at end of period	250,800	254,496
Weighted average exercise price
Outstanding, beginning of period	7.58	7.58
Granted
Exercised
Repurchased
Expired	7.58	7.58
Outstanding, end of period	7.58	7.58
Exercisable at end of period	7.58	7.58
Weighted Average Remaining Contractual Term	5 years 6 months 11 days	6 years 6 months 18 days
Warrant
Number Of Options
Outstanding, beginning of period	1,633,443	1,633,443
Granted
Exercised
Repurchased
Outstanding, end of period	1,633,443	1,633,443
Exercisable at end of period	1,633,443	1,633,443
Weighted average exercise price
Outstanding, beginning of period	10.00	10.00
Granted
Exercised
Repurchased
Outstanding, end of period	10.00	10.00
Exercisable at end of period	10.00	10.00
Weighted Average Remaining Contractual Term	4 years 11 months 23 days	5 years 11 months 23 days

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Allowance for Loan Losses and The Composition Of Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
The Bank's allowance for loan losses impairment evaluation
Individually evaluated for impairment	$ 197	$ 100
Collectively evaluated for impairment	4,585	2,957
Acquired with deteriorated credit quality
Ending Balance Total Allowance:	4,782	3,057	2,343
The Bank's loan balances based on impairment evaluation
Individually evaluated for impairment	2,318	1,122
Collectively evaluated for impairment	284,242	182,253
Acquired with deteriorated credit quality	36,852
Ending Balance Total Loans:	323,412	183,375
Residential Mortgage
The Bank's allowance for loan losses impairment evaluation
Individually evaluated for impairment	80	100
Collectively evaluated for impairment	878	516
Acquired with deteriorated credit quality
Ending Balance Total Allowance:	958	616	317
The Bank's loan balances based on impairment evaluation
Individually evaluated for impairment	306	157
Collectively evaluated for impairment	102,348	51,035
Acquired with deteriorated credit quality	13,887
Ending Balance Total Loans:	116,541	51,192
Commercial Real Estate
The Bank's allowance for loan losses impairment evaluation
Individually evaluated for impairment	117
Collectively evaluated for impairment	2,385	1,407
Acquired with deteriorated credit quality
Ending Balance Total Allowance:	2,502	1,407	1,583
The Bank's loan balances based on impairment evaluation
Individually evaluated for impairment	1,497	855
Collectively evaluated for impairment	125,940	81,517
Acquired with deteriorated credit quality	15,081
Ending Balance Total Loans:	142,518	82,372
Construction Loans
The Bank's allowance for loan losses impairment evaluation
Collectively evaluated for impairment	836	647
Acquired with deteriorated credit quality
Ending Balance Total Allowance:	836	647	169
The Bank's loan balances based on impairment evaluation
Individually evaluated for impairment	449
Collectively evaluated for impairment	26,965	17,083
Acquired with deteriorated credit quality	6,523
Ending Balance Total Loans:	33,937	17,083
Commercial and Industrial Loans
The Bank's allowance for loan losses impairment evaluation
Collectively evaluated for impairment	310	246
Acquired with deteriorated credit quality
Ending Balance Total Allowance:	310	246	111
The Bank's loan balances based on impairment evaluation
Collectively evaluated for impairment	16,757	16,787
Acquired with deteriorated credit quality	1,333
Ending Balance Total Loans:	18,090	16,787
Consumer and Other Loans
The Bank's allowance for loan losses impairment evaluation
Collectively evaluated for impairment	176	141
Acquired with deteriorated credit quality
Ending Balance Total Allowance:	176	141	163
The Bank's loan balances based on impairment evaluation
Individually evaluated for impairment	66	110
Collectively evaluated for impairment	12,232	15,831
Acquired with deteriorated credit quality	28
Ending Balance Total Loans:	$ 12,326	$ 15,941

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Restrictions on Retained Earnings and Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2012

Actual Capital Amounts and Ratios

The Company and the Bank’s actual capital amounts and ratios are also presented in the table below (dollars in thousands). The maximum amount of Tier II capital, contributed via the allowance for loan losses, is limited to 1.25% of gross risk weighted assets. This limitation, where applicable, is reflected in the total capital amounts listed below.

	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action  Provisions
TGR Financial, Inc.
As of September 30, 2012:
Total capital (to risk weighted assets):	$	64,820	18.69	%	$	27,751	8.00	%	$	34,689	10.00	%
Tier I capital (to risk weighted assets):		60,478	17.43			13,875	4.00			20,813	6.00
Tier I capital (to average assets):		60,478	10.92			22,149	4.00			27,687	5.00
First National Bank of the Gulf Coast
As of September 30, 2012:
Total capital (to risk weighted assets):	$	63,459	18.40	%	$	27,589	8.00	%	$	34,486	10.00	%
Tier I capital (to risk weighted assets):		59,143	17.15			13,794	4.00			20,691	6.00
Tier I capital (to average assets):		59,143	10.68			22,145	4.00			27,681	5.00
First National Bank of the Gulf Coast
As of December 31, 2011:
Total capital (to risk weighted assets):	$	61,205	27.75	%	$	17,645	8.00	%	$	22,056	10.00	%
Tier I capital (to risk weighted assets):		58,444	26.50			8,822	4.00			13,234	6.00
Tier I capital (to average assets):		58,444	15.74			14,854	4.00			18,568	5.00

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Investments Measured at Fair Value on Recurring Basis

The following table sets forth the Bank’s investments which are measured at fair value on a recurring basis as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands). Changes in fair value are recorded through other comprehensive income (loss).

	Level I		Level II		Level III		Total
September 30, 2012:
U.S. Government agencies and government sponsored entities	$	—	$	75,259	$	—	$	75,259
Agency mortgage backed securities		—		47,440		—		47,440
Agency collateralized mortgage obligations		—		10,828		—		10,828
State, county and municipal		—		47,125		—		47,125
Corporate bonds		—		6,287		—		6,287
Total Assets	$	—	$	186,939	$	—	$	186,939
December 31, 2011:
U.S. Government agencies and government sponsored entities	$	—	$	32,391	$	—	$	32,391
Agency mortgage backed securities		—		44,408		—		44,408
Agency collateralized mortgage obligations		—		17,733		—		17,733
State, county and municipal		—		16,167		14,780		30,947
Corporate bonds		—		5,170		—		5,170
Total Assets	$	—	$	115,869	$	14,780	$	130,649

Reconciliation of All Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level III)

The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level III) for the periods indicated (dollars in thousands).

	September 30, 2012			December 31, 2011
Beginning balance of recurring Level III assets	$	14,780		$	—
Total realized and unrealized gains (losses):
Included in earnings - realized		244			—
Included in earnings - unrealized		—			—
Included in other comprehensive income		176			—
Proceeds from maturities and payments, net		—			—
Level III assets sold, net of realized gains (losses)		(3,165	)
Transfers into Level III		—			14,780
Transfers out of Level III		(12,035	)		—
Total Assets	$	—		$	14,780

Carrying Amounts and Estimated Fair Values of Financial Instruments

The carrying amounts and estimated fair values of the Bank’s financial instruments at September 30, 2012 and December 31, 2011, respectively, were as follows in the table below (in thousands). The fair value estimates presented are based on pertinent information available to management at the close of each period. Although management is not aware of any factors that would significantly affect the estimated fair values, they have not been comprehensively revalued for purposes of these financial statements since the statement of financial condition date. Current estimates of fair value may differ significantly from the amounts disclosed.

			Fair Value Measurements at September 30, 2012
	Carrying Amount		Level I		Level II		Level III		Total
Financial assets:
Cash and interest bearing balances due from banks	$	19,298	$	19,298	$	—	$	—	$	19,298
Bank certificates of deposit		9,745				9,785				9,785
Federal Reserve Bank and Federal Home Loan Bank stock		3,161						3,161		3,161
Loans, net		317,426				277,965		36,852		314,817
Loans held for sale		417				358				358
Accrued interest receivable		1,953				1,953				1,953
Financial liabilities:
Deposits		440,310				437,618				437,618
Securities sold under agreements to repurchase		47,314				47,314				47,314
Borrowings		11,000				10,989				10,989
Accrued interest payable		554				554				554

			Fair Value Measurements at December 31, 2011
	Carrying Amount		Level I		Level II		Level III		Total
Financial assets:
Cash and interest bearing balances due from banks	$	41,725	$	41,725	$	—	$	—	$	41,725
Bank certificates of deposit		13,775				13,843				13,843
Federal Reserve Bank and Federal Home Loan Bank stock		2,371						2,371		2,371
Loans, net		180,310				179,578				179,578
Loans held for sale		237				237				237
Accrued interest receivable		1,085				1,085				1,085
Financial liabilities:
Deposits		290,553				288,117				288,117
Securities sold under agreements to repurchase		38,580				38,580				38,580
Accrued interest payable		256				256				256

Assets Measured at Fair Value on Non-Recurring Basis

The following table sets forth the Bank’s assets which are measured at fair value on a non-recurring basis as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	Quantitative Information about Level III Fair Value  Measurements
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
September 30, 2012:
Assets
Loans, measured for impairment	$	2,250	Appraisal of collateral	Appraisal and liquidation adjustments	0% to - 10% (-10%)
Other real estate owned		2,781	Appraisal of collateral	Appraisal and liquidation adjustments	0% to - 30% (-30%)
Total Assets	$	5,031
December 31, 2011:
Assets
Loans, measured for impairment	$	852	Appraisal of collateral	Appraisal and liquidation adjustments	0% to -10% (-10%)
Other real estate owned		799	Appraisal of collateral
Total Assets	$	1,651

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash Flows From Operating Activities
Net income/(loss)	$ 126	$ (2,420)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Provision for loan losses	1,963	1,316
Premium amortization and discount accretion on securities, net	1,072	455
Depreciation and amortization of premises and equipment	866	867
Loss on sale of fixed assets		25
Amortization of net deferred loan costs	444	135
Origination of loans held for sale	(4,193)	(2,711)
Proceeds from sales of loans held for sale	4,009	2,450
(Gain)/loss on sales of loans held for sale	3	(28)
Gain on sales of securities available for sale	(1,951)	(557)
Amortization of purchase accounting adjustments	(284)	(172)
Amortization of other intangibles	8	5
Bargain purchase gain recorded with Royal Palm acquisition	(982)
Net change in:
Accrued interest receivable	(868)	20
Other assets	286	414
Other liabilities	985	285
Net cash provided by operating activities	1,484	84
Cash Flows From Investing Activities
Cash and equivalents received in Royal Palm acquisition (net of gain, including FDIC)	34,816
Purchase of premises and equipment	(587)	(341)
Proceeds from the sale of premises and equipment		3
Purchase of Federal Home Loan and Federal Reserve Bank stock	(729)	(266)
Redemption of Federal Home Loan and Federal Reserve Bank stock	93	219
Purchase of securities available for sale	(157,155)	(43,394)
Proceeds from maturities, calls and principal repayments of securities available for sale	27,047	20,279
Proceeds from the sale of securities available for sale	77,287	32,817
Proceeds from the sale of other real estate	1,167
Originations and principal collections on loans, net	(101,884)	(50,664)
Net cash used in investing activities	(119,945)	(41,347)
Cash Flows From Financing Activities
Net increase in deposits	72,270	17,346
Net increase in securities sold under agreements to repurchase	8,734	13,705
Net increase in short term borrowings	5,000
Net increase in long term borrowings	6,000
Net proceeds from exercise of warrants		157
Net cash provided by financing activities	92,004	31,208
Net (decrease)/increase in cash and cash equivalents	(26,457)	(10,055)
Cash and cash equivalents:
Beginning of period	55,500	28,096
End of period	29,043	18,041
Supplemental Disclosures of Cash Flow Information
Cash: Cash payments for interest	1,997	2,010
Non-cash: Stock subscriptions	2,000
Non-cash: Loans transferred to other real estate owned		$ 799

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Description of Business and Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 23, 2009	Sep. 30, 2012	Sep. 30, 2012
Basis Of Presentation And Significant Accounting Policies [Line Items]
Reorganization cost		$ 665,000	$ 665,000
Organizational, start-up and pre-opening costs	$ 8,800,000

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Composition of Net Loans (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 338,267	$ 183,705
Ending Balance Total Loans:	323,412	183,375
Plus net deferred loan origination costs	1,463	1,081
Less allowance for loan losses	(4,782)	(3,057)
Percentage Of Loan Portfolio	100.00%	100.00%
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	154,022	82,615
Ending Balance Total Loans:	142,518	82,372
Percentage Of Loan Portfolio	45.00%	45.00%
Construction Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	33,937	17,083
Ending Balance Total Loans:	33,937	17,083
Percentage Of Loan Portfolio	10.00%	9.00%
Commercial and Industrial Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	18,179	16,800
Ending Balance Total Loans:	18,090	16,787
Percentage Of Loan Portfolio	5.00%	9.00%
Home Equity Line of Credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	8,594	4,453
Percentage Of Loan Portfolio	3.00%	3.00%
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending Balance Total Loans:	116,541	51,192
Residential Mortgage | Residential single family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	96,808	38,793
Percentage Of Loan Portfolio	29.00%	21.00%
Residential Mortgage | Residential Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	14,367	8,019
Percentage Of Loan Portfolio	4.00%	4.00%
Consumer Installment Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	12,360	15,942
Percentage Of Loan Portfolio	4.00%	9.00%
Accretable discount
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less purchase discount	(2,344)	(330)
Unaccretable discount
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less purchase discount	(12,511)
Total Financing Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net loans	$ 320,093	$ 181,399

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Borrowings - Additional Information (Detail) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Schedule Of Short Term And Long Term Debt [Line Items]
Securities sold under agreements to repurchase with commercial account holders	$ 47,314,000	$ 38,580,000
Average rate of interest paid	0.38%
Unsecured federal funds lines of credit
Schedule Of Short Term And Long Term Debt [Line Items]
Available credit under unsecured federal funds lines	25,000,000
Borrowing outstanding	0	0
Federal Home Loan Bank Advances
Schedule Of Short Term And Long Term Debt [Line Items]
Remaining credit availability amount	101,000,000
Loans pledged as collateral for advances	$ 63,600,000

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Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Assets:
Cash and due from banks	$ 7,977	$ 9,950
Interest earning balances due from banks	21,066	45,550
Total cash and cash equivalents	29,043	55,500
Securities available-for-sale	186,939	130,649
Federal Reserve Bank stock	1,938	1,922
Federal Home Loan Bank stock	1,223	449
Loans, net of allowance for loan losses $4,782 and $3,057, respectively	319,676	181,162
Loans held for sale	417	237
Premises and equipment, net	18,264	18,544
Other real estate owned, net	2,781	799
Accrued interest receivable	1,953	1,085
Goodwill and other intangibles	5,289	5,196
Other assets	2,471	512
Total assets	569,994	396,055
Liabilities:
Noninterest-bearing demand deposits	48,007	23,151
Interest-bearing liabilities:
Money market	124,704	90,649
NOW	62,607	74,356
Savings	56,305	33,218
Certificates of deposit $100,000 or more	105,841	55,086
Certificates of deposit under $100,000	42,846	14,093
Total deposits	440,310	290,553
Securities sold under agreements to repurchase	47,314	38,580
Short term borrowings	5,000
Long term borrowings	6,000
Total borrowings	58,314	38,580
Other liabilities	3,660	2,167
Total liabilities	502,284	331,300
Stockholders' Equity:
Common stock, $1 par value; 500,000,000 shares authorized, 14,060,143 issued and outstanding, respectively	14,060	14,060
Stock subscriptions	2,000
Additional paid-in capital	74,015	74,015
Accumulated deficit	(24,308)	(24,434)
Accumulated other comprehensive income	1,943	1,114
Total stockholders' equity	67,710	64,755
Total liabilities and stockholders' equity	$ 569,994	$ 396,055

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Loan Portfolio Segmented By Risk Factors (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	$ 154,022
Ending Balance Total Loans:	323,412	183,375
Originated Loan
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	97,714	45,743
Commercial Real Estate	112,890	65,751
Construction Loans	26,965	16,333
Commercial and Industrial	16,496	16,391
Consumer and Other	12,229	15,624
Ending Balance Total Loans:	266,294	159,842
Originated Loan | 1- Risk Free
Financing Receivable, Recorded Investment [Line Items]
Commercial and Industrial	320	359
Consumer and Other	582	621
Ending Balance Total Loans:	902	980
Originated Loan | 2- Excellent
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	738	764
Commercial and Industrial	675	675
Consumer and Other	400	400
Ending Balance Total Loans:	1,813	1,839
Originated Loan | 3- Good
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	4,812	974
Commercial Real Estate	23,312	15,539
Construction Loans	1,647	4,047
Commercial and Industrial	2,463	2,726
Consumer and Other	126	579
Ending Balance Total Loans:	32,360	23,865
Originated Loan | 4- Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	92,902	44,769
Commercial Real Estate	84,723	49,448
Construction Loans	25,318	12,286
Commercial and Industrial	11,623	12,631
Consumer and Other	11,029	13,956
Ending Balance Total Loans:	225,595	133,090
Originated Loan | 5- Watch
Financing Receivable, Recorded Investment [Line Items]
Consumer and Other		53
Ending Balance Total Loans:		53
Originated Loan | 6- OLEM
Financing Receivable, Recorded Investment [Line Items]
Consumer and Other	67
Ending Balance Total Loans:	67
Originated Loan | 7- Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	4,117
Commercial and Industrial	1,415
Consumer and Other	25	15
Ending Balance Total Loans:	5,557	15
Acquired Loans
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	18,827	5,449
Commercial Real Estate	29,628	16,621
Construction Loans	6,972	750
Commercial and Industrial	1,594	396
Consumer and Other	97	317
Ending Balance Total Loans:	57,118	23,533
Acquired Loans | 2- Excellent
Financing Receivable, Recorded Investment [Line Items]
Consumer and Other		62
Ending Balance Total Loans:		62
Acquired Loans | 3- Good
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	13,887
Commercial Real Estate	15,081
Construction Loans	6,523
Commercial and Industrial	1,333
Consumer and Other	28
Ending Balance Total Loans:	36,852
Acquired Loans | 4- Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	4,635	5,392
Commercial Real Estate	9,781	13,039
Construction Loans		750
Commercial and Industrial	161	396
Consumer and Other	69	255
Ending Balance Total Loans:	14,646	19,832
Acquired Loans | 5- Watch
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate		2,743
Ending Balance Total Loans:		2,743
Acquired Loans | 6- OLEM
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	225
Commercial Real Estate	541
Commercial and Industrial	42
Ending Balance Total Loans:	808
Acquired Loans | 7- Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	4,108	364
Construction Loans	449
Commercial and Industrial	58
Ending Balance Total Loans:	4,615	364
Acquired Loans | 8- Doubtful
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	80	57
Commercial Real Estate	117	475
Ending Balance Total Loans:	197	532
Total Financing Receivables
Financing Receivable, Recorded Investment [Line Items]
Residential Single & Multifamily	116,541	51,192
Commercial Real Estate	142,518	82,372
Construction Loans	33,937	17,083
Commercial and Industrial	18,090	16,787
Consumer and Other	12,326	15,941
Ending Balance Total Loans:	$ 323,412	$ 183,375

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Consolidated Statements of Stockholders' Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Private Placement	Rights Offering	Common Stock	Common Stock Private Placement	Common Stock Rights Offering	Stock Subscriptions	Additional Paid in Capital	Additional Paid in Capital Private Placement	Additional Paid in Capital Rights Offering	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2010	$ 26,130			$ 5,311				$ 43,036			$ (18,501)	$ (3,716)
Balance (in shares) at Dec. 31, 2010				5,310,523
Stock sale:
Shares issued (in shares)					8,089,731	31,550
Shares issued		36,500	157		8,090	32			28,410	125
Net income	(2,420)										(2,420)
Change in net unrealized gain (loss) on securities, net of reclassification and income tax	5,896											5,896
Balance at Sep. 30, 2011	66,263			13,433				71,571			(20,921)	2,180
Balance (in shares) at Sep. 30, 2011				13,431,804
Balance at Dec. 31, 2011	64,755			14,060				74,015			(24,434)	1,114
Balance (in shares) at Dec. 31, 2011				14,060,143
Stock sale:
Shares to be issued	2,000						2,000
Net income	126										126
Change in net unrealized gain (loss) on securities, net of reclassification and income tax	829											829
Balance at Sep. 30, 2012	$ 67,710			$ 14,060			$ 2,000	$ 74,015			$ (24,308)	$ 1,943
Balance (in shares) at Sep. 30, 2012				14,060,143

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Summary of Off-Balance Sheet Credit Risk Information (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Commitments to Extend Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet credit risk	$ 38,078	$ 35,580
Standby Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet credit risk	$ 431	$ 506

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Subsequent Events - Additional Information (Detail) (USD $)	1 Months Ended
	Oct. 10, 2012
Series A Preferred Stock
Subsequent Event [Line Items]
Series A preferred stock description	Upon any liquidation, dissolution or winding-up of the Company, the holders of the Series A Preferred Stock are entitled to receive a liquidation preference on shares of the Series A Preferred Stock equal to the greater of (i) one cent ($0.01) per share and (ii) the amount the holder of such shares of Series A Preferred Stock would receive in respect of such share if such share had been converted (on a one-for-one) into Company common stock at the time of such liquidation. The Series A Preferred Stock is convertible into the Company's common stock on a one-for-one basis (i) at the election of the holder, if such conversion would not cause the holder to hold greater than 9.99% of the Company's outstanding common stock at the time of such conversion, or (ii) automatically, if shares of such Series A Preferred Stock are ever transferred to a "non-affiliate" of the Company in a permissible transfer.
Subsequent Event | Nonvoting Preferred Stock
Subsequent Event [Line Items]
Authorized preferred stock	7,050,000
Private Placement | Subsequent Event
Subsequent Event [Line Items]
Stock price per share	5.00
Proceed received from issuance	2,000,000
Private Placement | Subsequent Event | Common Stock | Investor One
Subsequent Event [Line Items]
Shares issued	105,109
Shares issued, par value	1.00
Private Placement | Subsequent Event | Common Stock | Investor Two
Subsequent Event [Line Items]
Shares issued	168,318
Shares issued, par value	1.00
Private Placement | Subsequent Event | Nonvoting Preferred Stock | Investor One
Subsequent Event [Line Items]
Shares issued	126,573
Shares issued, par value	1.00

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Carrying Amounts and Estimated Fair Values of Banks Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Dec. 31, 2010
Financial assets:
Cash and interest bearing balances due from banks	$ 29,043	$ 55,500	$ 18,041	$ 28,096
Loans, net	319,676	181,162
Loans held for sale	417	237
Accrued interest receivable	1,953	1,085
Financial liabilities:
Deposits	440,310	290,553
Securities sold under agreements to repurchase	47,314	38,580
Borrowings	58,314	38,580
Carrying (Reported) Amount, Fair Value Disclosure
Financial assets:
Cash and interest bearing balances due from banks	19,298	41,725
Bank certificates of deposit	9,745	13,775
Federal Reserve Bank and Federal Home Loan Bank stock	3,161	2,371
Loans, net	317,426	180,310
Loans held for sale	417	237
Accrued interest receivable	1,953	1,085
Financial liabilities:
Deposits	440,310	290,553
Securities sold under agreements to repurchase	47,314	38,580
Borrowings	11,000
Accrued interest payable	554	256
Estimate of Fair Value, Fair Value Disclosure
Financial assets:
Cash and interest bearing balances due from banks	19,298	41,725
Bank certificates of deposit	9,785	13,843
Federal Reserve Bank and Federal Home Loan Bank stock	3,161	2,371
Loans, net	314,817	179,578
Loans held for sale	358	237
Accrued interest receivable	1,953	1,085
Financial liabilities:
Deposits	437,618	288,117
Securities sold under agreements to repurchase	47,314	38,580
Borrowings	10,989
Accrued interest payable	554	256
Fair Value, Inputs, Level 1 | Estimate of Fair Value, Fair Value Disclosure
Financial assets:
Cash and interest bearing balances due from banks	19,298	41,725
Fair Value, Inputs, Level 2 | Estimate of Fair Value, Fair Value Disclosure
Financial assets:
Bank certificates of deposit	9,785	13,843
Loans, net	277,965	179,578
Loans held for sale	358	237
Accrued interest receivable	1,953	1,085
Financial liabilities:
Deposits	437,618	288,117
Securities sold under agreements to repurchase	47,314	38,580
Borrowings	10,989
Accrued interest payable	554	256
Fair Value, Inputs, Level 3 | Estimate of Fair Value, Fair Value Disclosure
Financial assets:
Federal Reserve Bank and Federal Home Loan Bank stock	3,161	2,371
Loans, net	$ 36,852

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Description of Business and Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2012

Description of business

Description of business: TGR Financial, Inc. (the “Company”) is a Florida corporation organized in November 2011 at the direction of the Board of Directors of First National Bank of the Gulf Coast (the “Bank”) solely for the purpose of becoming a holding company for the Bank. Prior to September 25, 2012, the Company had no operating history and no business purpose other than to become a bank holding company. Effective September 25, 2012 (the “Effective Date”), the Company and the Bank completed a Reorganization, as more fully described in the Company’s registration statement on Form S-4, filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, on June 26, 2012, and amended on Form S-4/A, filed with the SEC on August 3, 2012, (SEC Registration No. 333-182414). At the Effective Date, each issued and outstanding share of the Bank’s common stock was converted solely into the right to receive one (1) share of the Company’s common stock, pursuant to the terms of a Reorganization Agreement and Plan of Share Exchange, dated June 26, 2012, entered into between the Company and the Bank. All outstanding Bank warrants or options on the Effective Date were converted into Company warrants and options on a one-for-one basis. Upon completion of the reorganization, the Bank became a wholly owned subsidiary of the Company. The Company incurred approximately $665,000 in costs associated with the holding company formation. These costs are reflected in the Company’s results of operations for the three and nine months ended September 30, 2012.

The Bank commenced operations on October 23, 2009, as a federally chartered commercial bank in the State of Florida. Effective October 23, 2009 the Bank, formerly known as Panther Community Bank, N.A. (“Panther”) acquired First National Bank of the Gulf Coast (in organization) (“First National”); immediately thereafter Panther changed its name to First National Bank of the Gulf Coast. The acquisition was accounted for as a reverse acquisition. During its period of organization, First National incurred organizational, start-up and pre-opening costs of $8.8 million.

The Bank provides a full range of banking services to individual and corporate customers from its branch locations in Southwest Florida. All of the Bank’s activities relate to community banking and accordingly, the Bank has a single reportable segment.

Basis of presentation

Basis of presentation: The accompanying consolidated balance sheet as of December 31, 2011, which was derived from audited financial statements, and the unaudited consolidated financial statements for the three and nine months ended September 30, 2012 and 2011 have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and should be read in conjunction with the annual financial statements of the Bank for the year ended December 31, 2011 and notes thereto. In the opinion of Management, all adjustments (consisting of normal recurring accruals) considered necessary in order to make the financial statements not misleading have been included.

Results for the nine months ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. For further information, refer to the financial statements and footnotes thereto included in the Bank’s Annual Report on Form 10-K for the year ended December 31, 2011 as filed with the Office of the Comptroller of the Currency (the “OCC”) on March 26, 2012, as amended on March 29, 2012.

Subsequent events

Subsequent events: Management has evaluated subsequent events through the date the financial statements were issued.

Recent accounting pronouncements

Recent accounting pronouncements: In April 2011, the Financial Accounting Standards Board, (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2011-02, “A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring” to amend previous guidance with respect to troubled debt restructurings. This updated guidance is designed to assist creditors with determining whether or not a restructuring constitutes a troubled debt restructuring (“TDR”). In particular, additional guidance has been added to help creditors determine whether a concession has been granted and whether a debtor is experiencing financial difficulties. Both of these conditions are required to be met for a restructuring to constitute a troubled debt restructuring. The amendments in the update are effective for the first interim period beginning on or after June 15, 2011, and have been applied retrospectively to the beginning of the annual period of adoption. The Bank adopted the provisions of this update and it did not have a material impact on the Company’s financial position or results of operations.

In April 2011, the FASB issued ASU No. 2011-03 “Reconsideration of Effective Control for Repurchase Agreements.” The amendments in this ASU remove from the assessment of effective control the criterion relating to the transferor’s ability to repurchase or redeem financial assets on substantially the agreed terms, even in the event of default by the transferee. The amendments in this ASU also eliminate the requirement to demonstrate that the transferor possesses adequate collateral to fund substantially all the cost of purchasing replacement financial assets. The guidance in this ASU is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early adoption is not permitted. The Bank has adopted the methodologies prescribed by this ASU. The provisions of this update did not have a material impact on the Company’s financial position or results of operations.

In May 2011, the FASB issued ASU No. 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards.” The amendments in this ASU generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This ASU results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and International Financial Reporting Standards (“IFRSs”). The amendments in this ASU are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The Company has adopted the methodologies prescribed by this ASU. The provisions of this update did not have a material impact on the Company’s financial position or results of operations.

In June 2011, the FASB issued ASU No. 2011-05 “Amendments to Topic 220, Comprehensive Income.” Under the amendments in this ASU, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. The amendments in this ASU do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The amendments in this ASU should be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of the update has impacted disclosures only and did not have a material impact on the financial position or results of operations of the Company.

In December 2011, FASB issued an update ASU No. 2011-12 “Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU No. 2011-05,” to defer the effective date for those changes related to the presentation of reclassifications of items out of accumulated other comprehensive income. While FASB continues to deliberate whether the reclassification adjustments should be presented on the face of the financial statements, reclassifications out of accumulated other comprehensive income should be reported in accordance with presentation requirements in effect prior to FASB’s update. The adoption of the update has impacted disclosures only and did not have a material impact on the financial position or results of operations of the Company. The Company will adopt the reclassifications disclosure related to ASU No. 2011-05 when the due date is finalized.

In September 2011, the FASB issued ASU No. 2011-08, “Testing Goodwill for Impairment.” The ASU provides the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the results of the qualitative analysis indicate it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, the quantitative two-step impairment test, which is required under current U.S. GAAP, would not be necessary. The ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, if an entity’s financial statements for the most recent annual or interim period have not yet been issued. The Bank has adopted the methodologies prescribed by this ASU. The provisions of this update did not have a material impact on the Company’s financial position or results of operations.

In July 2012, the FASB issued ASU No. 2012-02, “Testing Indefinite-Lived Intangible Assets for Impairment.” The provisions of ASU No. 2012-02 permit an entity to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform a quantitative impairment test, as is currently required by GAAP. ASU No. 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The provisions of this update are not expected to have a material impact on the Company’s financial position or results of operations.

Reclassifications

Reclassifications: Certain prior period amounts have been reclassified to conform to current period presentation. These reclassifications did not result in any changes to previously reported net income or stockholders’ equity.

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Amortized Cost and Fair Value of Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 184,996	$ 129,535
Gross Unrealized Gains	2,331	1,705
Gross Unrealized Losses	388	591
Estimated Fair Value	186,939	130,649
U.S. Government agencies and government sponsored entities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	74,616	32,346
Gross Unrealized Gains	694	103
Gross Unrealized Losses	51	58
Estimated Fair Value	75,259	32,391
Agency mortgage backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	46,361	44,091
Gross Unrealized Gains	1,079	327
Gross Unrealized Losses		10
Estimated Fair Value	47,440	44,408
Agency collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,737	17,620
Gross Unrealized Gains	95	154
Gross Unrealized Losses	4	41
Estimated Fair Value	10,828	17,733
State, county and municipal
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	47,028	30,028
Gross Unrealized Gains	396	1,099
Gross Unrealized Losses	299	180
Estimated Fair Value	47,125	30,947
Corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,254	5,450
Gross Unrealized Gains	67	22
Gross Unrealized Losses	34	302
Estimated Fair Value	$ 6,287	$ 5,170

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Securities (Tables)

9 Months Ended

Sep. 30, 2012

Amortized Cost and Fair Value of Securities Available for Sale

The amortized cost and fair value of securities available for sale at September 30, 2012 and December 31, 2011, respectively, are summarized as follows (dollars in thousands).

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
September 30, 2012:
Securities Available for Sale
U.S. Government agencies and government sponsored entities	$	74,616	$	694	$	51	$	75,259
Agency mortgage backed securities		46,361		1,079		—		47,440
Agency collateralized mortgage obligations		10,737		95		4		10,828
State, county and municipal		47,028		396		299		47,125
Corporate bonds		6,254		67		34		6,287
Total	$	184,996	$	2,331	$	388	$	186,939
December 31, 2011:
Securities Available for Sale
U.S. Government agencies and government sponsored entities	$	32,346	$	103	$	58	$	32,391
Agency mortgage backed securities		44,091		327		10		44,408
Agency collateralized mortgage obligations		17,620		154		41		17,733
State, county and municipal		30,028		1,099		180		30,947
Corporate bonds		5,450		22		302		5,170
Total	$	129,535	$	1,705	$	591	$	130,649

Securities Available for Sale with Gross Unrealized Losses

Information pertaining to securities available for sale with gross unrealized losses at September 30, 2012 and December 31, 2011, respectively, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows (dollars in thousands).

	Less than Twelve Months				Over Twelve Months				Total
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
September 30, 2012:
U.S. Government agencies and government sponsored entities	$	49	$	12,936	$	2	$	1,341	$	51	$	14,277
Agency mortgage backed securities		—		—		—		—		—		—
Agency collateralized mortgage obligations		3		1,252		1		107		4		1,359
State, county and municipal		299		24,077		—		—		299		24,077
Corporate bonds		10		490		24		2,476		34		2,966
	$	361	$	38,755	$	27	$	3,924	$	388	$	42,679
December 31, 2011:
U.S. Government agencies and government sponsored entities	$	58	$	8,258	$	—	$	—	$	58	$	8,258
Agency mortgage backed securities		10		4,218		—		—		10		4,218
Agency collateralized mortgage obligations		41		3,332		—		—		41		3,332
State, county and municipal		180		9,004		—		—		180		9,004
Corporate bonds		237		2,713		65		1,935		302		4,648
	$	526	$	27,525	$	65	$	1,935	$	591	$	29,460

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at September 30, 2012 and December 31, 2011, respectively, by contractual maturity, are shown below (dollars in thousands).

	Securities Available for Sale
	Amortized Cost		Fair Value
September 30, 2012:
Due within one year	$	1,997	$	2,013
Due after one year through five years		59,623		60,473
Due after five years through ten years		59,263		60,030
Due over ten years		64,113		64,423
Total	$	184,996	$	186,939
December 31, 2011:
Due within one year	$	1,432	$	1,429
Due after one year through five years		57,151		57,244
Due after five years through ten years		37,073		37,432
Due over ten years		33,879		34,544
Total	$	129,535	$	130,649

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Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	Sep. 25, 2012
Common stock, par value	$ 1
First National Bank Of Gulf Coast
Common stock, par value	$ 5

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Consolidated Statements of Financial Condition (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Loans, allowance for loan losses	$ 4,782	$ 3,057
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	14,060,143	14,060,143
Common stock, shares outstanding	14,060,143	14,060,143

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Loss Per Share

9 Months Ended

Sep. 30, 2012

Loss Per Share

NOTE 9. LOSS PER SHARE

Basic loss per share represents the net loss divided by the weighted average number of common stock outstanding during the period. Diluted earnings per share reflects additional potential common stock that would have been outstanding if dilutive potential common stock had been issued, as well as any adjustment to income that would result from the assumed issuance, determined using the treasury stock method. Potential common stock that may be issued by the Company relate solely to outstanding stock options and warrants.

There is no dilutive effect from stock options or warrants. There were a total of 1,884,243 and 1,887,939 outstanding warrants and options, at September 30, 2012 and 2011, respectively, excluded from the calculation of diluted loss per share because the effect would be anti-dilutive.

At September 30, 2012; the Company had subscriptions receivable representing 273,427 shares of common stock and 126,573 shares of convertible preferred stock. The impact on basic and diluted shares outstanding for the three and nine months ended September 30, 2012 is insignificant based upon timing and would not change the resulting earnings per share calculation in either period. As such, the impact of this event has been excluded from the table below and on the consolidated statements of operations.

Nine Months Ended:	September 30, 2012		September 30, 2011
Weighted average number of shares of common stock outstanding:		14,060,143		9,904,399
Basic and diluted gain/(loss), per share	$	0.01	$	(0.24	)
Three Months Ended:	September 30, 2012		September 30, 2011
Weighted average number of shares of common stock outstanding:		14,060,143		13,402,644
Basic and diluted gain/(loss), per share	$	0.04	$	(0.05	)

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Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Dec. 10, 2012
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Entity Registrant Name	TGR FINANCIAL, INC.
Entity Central Index Key	0001551286
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		14,060,143

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies

NOTE 10. COMMITMENTS AND CONTINGENCIES

The Bank, in the normal course of business, is party to financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized on the statement of financial condition. The contractual amounts of these instruments reflect the Bank’s involvement in particular classes of financial instruments.

The Bank’s exposure to credit loss in the event of nonperformance by the counterparty to the financial instruments for commitments to extend credit and letters of credit is represented by the contractual amounts of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments.

Following is a summary of off-balance sheet credit risk information (dollars in thousands).

	September 30, 2012		December 31, 2011
Commitments to extend credit	$	38,078	$	35,580
Standby letters of credit	$	431	$	506

Commitments to extend credit are commitments to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if any, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include cash, accounts receivable, inventory, property, plant and equipment and residential and commercial real estate.

Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Letters of credit are collateralized by certificates of deposit or other collateral. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Bank is required to fund the commitment. The maximum potential amount of future payments the Bank could be required to make is represented by the contractual amount of the letter of credit. If the commitment is funded, the Bank is entitled to seek recovery from its customer. No liabilities were recorded for these guarantees at September 30, 2012.

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Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Interest income:
Loans	$ 3,828	$ 1,947	$ 9,445	$ 5,227
Investment securities	1,100	1,021	3,313	3,325
Interest bearing balances due from banks	27	82	135	244
Federal funds sold				4
Total interest income	4,955	3,050	12,893	8,800
Interest expense:
Deposits	787	574	2,133	1,905
Repurchase agreements	44	36	128	98
Short term borrowings	3		3
Long term borrowings	12		31
Total interest expense	846	610	2,295	2,003
Net interest income	4,109	2,440	10,598	6,797
Provision for loan losses	361	490	1,963	1,316
Net interest income after provision for loan losses	3,748	1,950	8,635	5,481
Non-interest income:
Service charges and fees on deposit accounts	119	81	305	224
Title and closing services revenue	65	80	173	163
Gain (loss) on loans held for sale	(1)	11	(3)	28
Gains on sale of securities, net	791	281	1,951	557
Bargain purchase gain	982		982
Other non-interest income	45	32	84	71
Noninterest Income, Total	2,001	485	3,492	1,043
Non-interest expense:
Salaries and employee benefits	2,246	1,749	6,236	5,062
Occupancy and equipment	708	659	1,939	1,900
Professional fees	103	120	314	328
Data processing	162	61	407	282
Advertising, marketing, and business development	52	84	197	192
FDIC and OCC assessments	150	96	404	329
Merger, reorganization and acquisition related expense	1,462		1,462
Other non-interest expense	326	291	1,042	851
Noninterest Expense, Total	5,209	3,060	12,001	8,944
Income/(loss) before income taxes	540	(625)	126	(2,420)
Provision for income taxes
Net income/(loss)	$ 540	$ (625)	$ 126	$ (2,420)
Basic and diluted income/(loss) per common share	$ 0.04	$ (0.05)	$ 0.01	$ (0.24)
Basic and diluted weighted average number of shares outstanding	14,060,143	13,402,644	14,060,143	9,904,399

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Securities

9 Months Ended

Sep. 30, 2012

Securities

NOTE 4. SECURITIES

The amortized cost and fair value of securities available for sale at September 30, 2012 and December 31, 2011, respectively, are summarized as follows (dollars in thousands).

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
September 30, 2012:
Securities Available for Sale
U.S. Government agencies and government sponsored entities	$	74,616	$	694	$	51	$	75,259
Agency mortgage backed securities		46,361		1,079		—		47,440
Agency collateralized mortgage obligations		10,737		95		4		10,828
State, county and municipal		47,028		396		299		47,125
Corporate bonds		6,254		67		34		6,287
Total	$	184,996	$	2,331	$	388	$	186,939
December 31, 2011:
Securities Available for Sale
U.S. Government agencies and government sponsored entities	$	32,346	$	103	$	58	$	32,391
Agency mortgage backed securities		44,091		327		10		44,408
Agency collateralized mortgage obligations		17,620		154		41		17,733
State, county and municipal		30,028		1,099		180		30,947
Corporate bonds		5,450		22		302		5,170
Total	$	129,535	$	1,705	$	591	$	130,649

Information pertaining to securities available for sale with gross unrealized losses at September 30, 2012 and December 31, 2011, respectively, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows (dollars in thousands).

	Less than Twelve Months				Over Twelve Months				Total
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
September 30, 2012:
U.S. Government agencies and government sponsored entities	$	49	$	12,936	$	2	$	1,341	$	51	$	14,277
Agency mortgage backed securities		—		—		—		—		—		—
Agency collateralized mortgage obligations		3		1,252		1		107		4		1,359
State, county and municipal		299		24,077		—		—		299		24,077
Corporate bonds		10		490		24		2,476		34		2,966
	$	361	$	38,755	$	27	$	3,924	$	388	$	42,679
December 31, 2011:
U.S. Government agencies and government sponsored entities	$	58	$	8,258	$	—	$	—	$	58	$	8,258
Agency mortgage backed securities		10		4,218		—		—		10		4,218
Agency collateralized mortgage obligations		41		3,332		—		—		41		3,332
State, county and municipal		180		9,004		—		—		180		9,004
Corporate bonds		237		2,713		65		1,935		302		4,648
	$	526	$	27,525	$	65	$	1,935	$	591	$	29,460

As of September 30, 2012, a total of 33 investment securities were in unrealized loss positions. The unrealized losses resulted from fair values falling below book values due to higher levels of market interest rates on the measurement date. The fair value of fixed rate investment securities is inversely related to interest rates, i.e., rising market rates of interest cause reductions in the fair values assigned to investment securities. Unrealized losses, by security type, as of September 30, 2012, are further described below.

As of September 30, 2012, nine U.S. government agency securities were in unrealized loss positions. All nine of these bonds were issued by the Small Business Administration (“SBA”). One of these bonds had remained in a loss position for 15 consecutive months, triggering Other Than Temporary Impairment (“OTTI”) assessments. The bond credit rating is implicit AAA. The bond’s small unrealized loss of only -0.16%, combined with the fact the issuer has not defaulted and carries the unconditional full faith and credit guarantee of the U.S. Government, led management to conclude that the unrealized loss within this security was not other-than-temporary. Since the remaining eight SBA bonds were AAA rated and no bond had remained in a loss position for longer than five consecutive months, management concluded that the unrealized losses within the agency securities were not other-than-temporary.

As of September 30, 2012, two mortgage-backed securities were in unrealized loss positions. One of these bonds had remained in a loss position for 16 months, triggering an OTTI assessment. The bond was a floating rate CMO issued by the Government National Mortgage Association (“GNMA”). The regular paydown on October 16, 2012 reduced this bond’s book value to $0. The bond has matured. No impairment exists. The second bond was a fixed rate CMO issued by the Federal Home Loan Mortgage Corporation (“FHLMC”). The bond had remained in a loss position for only one month. Management concluded that the unrealized loss within this fixed rate CMO was not other-than-temporary.

As of September 30, 2012, four corporate bonds were in unrealized loss positions. A senior, unsecured corporate bond issued by Morgan Stanley (“MS”) had remained in a loss position for 13 consecutive months, triggering an OTTI assessment. The bond’s Standard & Poor’s credit rating has been stable: A-. On June 21, 2012, Moody’s downgraded the ratings of 15 banks and securities firms with global capital market operations, including MS, citing significant exposure to the volatility and risk of outsized losses inherent to capital market activities. However, they engage in other, often market leading business activities providing important “shock absorbers” that mitigate the potential volatility of capital market operations. The bond’s very small and shrinking unrealized loss of only -0.89%, a credit assessment, the fact that the issuer had not defaulted, and the Bank’s ability to hold this investment to maturity in 2015, led management to conclude that the unrealized loss within this security was not other-than-temporary. A fixed-to-floating corporate bond issued by Goldman Sachs Group Inc. (“Goldman”) had remained in an unrealized loss position for 22 consecutive months, also triggering an OTTI assessment. The bond’s Standard & Poor’s credit rating has remained stable at A- since November 29, 2011, when Standard & Poor’s reviewed its ratings on 37 of the largest financial institutions in the world, including Goldman. S&P published an update on January 18, 2012 which did not affect the ratings, but S&P reported that despite difficult operating conditions, Goldman continues to perform well. On June 21, 2012, Moody’s downgraded 15 banks and securities firms with global capital market operations. Goldman’s senior unsecured debt rating was downgraded to A3 from A1. The bond’s very small and shrinking unrealized loss of only -1.68%, a credit assessment, combined with the fact the issuer had not defaulted, and the Bank’s ability to hold this investment to maturity in 2017, led management to conclude that the unrealized loss within this security was not other-than-temporary. A senior, unsecured corporate bond issued by Barclays Bank had remained in a loss position for 13 consecutive months, triggering an OTTI assessment. Moody’s and Standard & Poor’s on July 5, 2012 changed the outlooks on certain ratings of Barclays Bank to negative from stable, citing the recent senior management resignations at the bank’s parent Barclays PLC. Moody’s said the management upheaval and consequent uncertainty surrounding the firm’s direction are negative for bondholders. Specifically, the agency noted that shareholder and political pressures on Barclays Bank, which resulted in the resignations of the bank’s CEO and COO, could lead to broader pressure on the bank to shift its business model away from investment banking and reform perceived failures in its business culture. S&P revised the outlook on its long term rating of Barclays Bank to negative from stable, citing the resignation of CEO Bob Diamond. The bond’s very small and shrinking unrealized loss of only -0.70%, combined with the fact that the issuer has not defaulted, the issuers’ size and strength, and the bank’s ability to hold this investment to maturity in 2016, leads management to conclude that the unrealized loss within this security is not other-than-temporary. The other corporate bond had remained in an unrealized loss position for six months. Again, management concluded that the unrealized loss within the corporate security was not other-than-temporary.

As of September 30, 2012, 18 taxable municipal bonds were in unrealized loss positions. Since all eighteen bonds had remained in a loss position for no longer than 10 months, management concluded that the unrealized losses within the taxable municipal securities were not other-than-temporary. Management employs multiple techniques to assess the underlying credit quality of the bonds in the municipal portfolio. Pre-purchase, the bonds are analyzed geographically to avoid regions of the country which concern management, e.g., California. Post-purchase, management checks Moody’s credit rating by issue to detect downgrades. Sterne Agee generates Credit Obligor Risk Evaluation (“CORE”) reports for general obligation municipal bonds. CORE reports analyze the socioeconomic profile, financial performance and long-term obligations of bond issuers to derive investment grades. Next, management reviews the most recent financial statements of each municipal issue. Finally, the Credit Department performs an annual review of the demographics of each state or municipality to reveal negative trends. These assessments revealed no credit quality concerns.

As of December 31, 2011, a total of 25 investment securities were in unrealized loss positions. The unrealized losses resulted from fair values falling below book values due to higher levels of market interest rates on the measurement date. The fair value of fixed rate investment securities is inversely proportional to interest rates, i.e., higher market interest rates cause lower fair values. Since December 2010, market interest rates have fallen, reducing the aggregate level of unrealized losses. Unrealized losses, by security type, as of December 31, 2011, are further described below.

As of December 31, 2011, seven U.S. government agency securities were in unrealized loss positions. All bonds were issued by the SBA. Since all seven bonds were AAA rated and no bond had remained in a loss position for longer than eight consecutive months, management concluded that the unrealized losses within the agency securities were not other-than-temporary.

As of December 31, 2011, two mortgage-backed securities were in unrealized loss positions. Since the bonds were issued by the Federal National Mortgage Association (“FNMA”) and the FHLMC, and no bond had remained in a loss position for longer than three consecutive months, management concluded that the unrealized loss within the mortgage-backed securities were not other-than-temporary. As of December 31, 2011, one floating rate, collateralized mortgage obligation was in an unrealized loss position. Since the bond was issued by the GNMA and had remained in a loss position for only seven consecutive months, management concluded that the unrealized loss within the floating rate collateralized mortgage obligation was not other-than-temporary. As of December 31, 2011, one fixed rate, collateralized mortgage obligation was in an unrealized loss position. Since the bond was also issued by GNMA and had remained in a loss position for only two consecutive months, management concluded that the unrealized loss within the fixed rate collateralized mortgage obligation was not other-than-temporary.

As of December 31, 2011, six corporate bonds were in unrealized loss positions. On September 21, 2011, the Bank of America corporate security was downgraded by Moody’s to Baa1. This bond had remained in a loss position for 20 consecutive months and management performed an OTTI assessment as of year end. Based on strong fourth quarter earnings, a credit assessment, the fact that the issuer had not defaulted, and the Bank’s ability to hold this investment to maturity, management concluded that the unrealized loss within this security was not other-than-temporary. A senior, unsecured corporate bond issued by General Electric Capital Corp. had remained in a loss position for 14 consecutive months, triggering an OTTI assessment. The bond credit ratings have been stable: Moody’s Aa2, Standard & Poor’s AA+. The bond’s small unrealized loss of -2%, a credit assessment, combined with the fact the issuer has not defaulted, and the Bank’s ability to hold this investment three years to maturity in 2015, led management to conclude that the unrealized loss within this security was not other-than-temporary. A fixed-to-floating corporate bond issued by Goldman. had remained in an unrealized loss position for 13 consecutive months, also triggering an OTTI assessment. On November 29, 2011, Standard & Poor’s reviewed its ratings on 37 of the largest financial institutions in the world, including Goldman. The Goldman credit rating was changed from A to A-. The bond’s small unrealized loss of -3%, a credit assessment, combined with the fact the issuer has not defaulted, and the Bank’s ability to hold this investment to maturity in 2017, led management to conclude that the unrealized loss within this security was not other-than-temporary. The other three corporate bonds in unrealized loss positions had persisted for six, four, and four months, respectively. Again, management concluded that the unrealized losses within the corporate securities were not other-than-temporary.

As of December 31, 2011, one tax-free municipal bond was in an unrealized loss position. Since the bond was rated Aa1 by Moody’s and had remained in a loss position for only one month, management concluded that the unrealized loss within the tax-free municipal bond was not other-than-temporary. As of December 31, 2011, seven taxable municipal bonds were in unrealized loss positions. Since all seven bonds had remained in a loss position for only one month, management concluded that the unrealized losses within the taxable municipal securities were not other-than-temporary.

On an annual basis, the OTTI Policy requires the Bank’s Treasurer to review the audited financial statements of the FHLB of Atlanta to evaluate impairment of our FHLB stock. Audited financial statements for 2011 indicate FHLB Atlanta is profitable, with adequate liquidity. As a result, management concluded that the FHLB stock held to maturity is not impaired.

As of September 30, 2012, management concluded that it is not more likely than not that the Bank will be required to sell any of the securities in an unrealized loss position before they recover in value.

The amortized cost and fair value of securities at September 30, 2012 and December 31, 2011, respectively, by contractual maturity, are shown below (dollars in thousands).

	Securities Available for Sale
	Amortized Cost		Fair Value
September 30, 2012:
Due within one year	$	1,997	$	2,013
Due after one year through five years		59,623		60,473
Due after five years through ten years		59,263		60,030
Due over ten years		64,113		64,423
Total	$	184,996	$	186,939
December 31, 2011:
Due within one year	$	1,432	$	1,429
Due after one year through five years		57,151		57,244
Due after five years through ten years		37,073		37,432
Due over ten years		33,879		34,544
Total	$	129,535	$	130,649

Mortgage backed securities are included in the table above based on their contractual maturities.

During the three months ended September 30, 2012 and 2011, the Bank recognized net gains of $791,000 and $281,000, respectively, on the sale of securities.

At September 30, 2012, and December 31, 2011, securities with a carrying value of $64.3 million and $24.5 million, respectively, were pledged to the State of Florida as collateral for deposits of public entities. At September 30, 2012, and December 31, 2011, securities with a carrying value of $48.3 million and $40.3 million, respectively, were pledged as collateral for securities sold under agreements to repurchase.

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Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events

NOTE 3. SUBSEQUENT EVENTS

On October 10, 2012, the Company closed a private placement of securities to two investor groups, each of which were existing shareholders of the Company. The Company issued 105,109 shares of the Company’s common stock, $1.00 par value and 126,573 shares of the Company’s Series A Nonvoting Convertible Preferred Stock (see description below), $1.00 par value to one investor group, and 168,318 shares of the Company’s common stock to the second investor group, at a purchase price, for all securities sold, of $5.00 per share. The gross proceeds to the Company from this private placement was $2,000,000. As required by the Company’s Stockholders’ Agreement, the Company obtained necessary waivers from investors who are a party to the Stockholders’ Agreement to the requirement that capital drawdowns be made at a minimum $10,000,000 level, in order to conduct this private placement at the $2,000,000 level.

In accordance with U.S. GAAP, the private placement transaction described above has been included in the financial statements contained within this Report since stock subscriptions were executed prior to September 30, 2012 and the subscription receivable was collected before the financial statements were issued.

Nonvoting Series A Convertible Preferred Stock

Upon completion of the reorganization, and in conjunction with the filing of its Amended and Restated Articles of Incorporation and Articles of Share Exchange, the Company filed with the State of Florida, a Certificate of Designation, which defined the rights of a new series of 7,050,000 shares of authorized preferred stock. The newly authorized preferred stock is titled “Nonvoting Series A Convertible Preferred Stock” (the “Series A Preferred Stock”).

The Series A Preferred Stock does not carry any voting rights other than on matters with respect to which the holders of such Series A Preferred Stock are entitled to vote by law. Holders of the Series A Preferred Stock are entitled to receive any dividends declared by the Company pari passu with the Company’s common stock holders. Upon any liquidation, dissolution or winding-up of the Company, the holders of the Series A Preferred Stock are entitled to receive a liquidation preference on shares of the Series A Preferred Stock equal to the greater of (i) one cent ($0.01) per share and (ii) the amount the holder of such shares of Series A Preferred Stock would receive in respect of such share if such share had been converted (on a one-for-one) into Company common stock at the time of such liquidation. The Series A Preferred Stock is convertible into the Company’s common stock on a one-for-one basis: (i) at the election of the holder, if such conversion would not cause the holder to hold greater than 9.99% of the Company’s outstanding common stock at the time of such conversion, or (ii) automatically, if shares of such Series A Preferred Stock are ever transferred to a “non-affiliate” of the Company in a permissible transfer.

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Acquisition Of The Royal Palm Bank Of Florida (Tables)

9 Months Ended

Sep. 30, 2012

Fair Values of Assets Acquired and Liabilities Assumed

The following table sets forth the fair values of the assets acquired and liabilities assumed by the Bank as of July 20, 2012:

(dollars in thousands)	July 20, 2012
Assets Acquired:
Cash and due from banks	$	8,281
Interest earning balances due from banks		9,383
Total cash and cash equivalents		17,664
Securities available-for-sale		1,761
Federal Home Loan Bank stock		154
Loans		38,807
Other real estate owned		3,149
Core deposit intangible		101
Receivable from FDIC		17,152
Interest receivable and other assets		244
Total assets acquired	$	79,032
Liabilities Assumed:
Noninterest-bearing demand deposits	$	16,546
Interest-bearing liabilities:
Money market		23,542
NOW		7,270
Savings		4,526
Certificates of deposit greater than $100,000		12,816
Certificates of deposit $100,000 or less		12,841
Total deposits		77,541
Other liabilities		878
Total liabilities assumed		78,419
Stockholders’ Equity:
Bargain purchase gain, net of deferred taxes		613
Total stockholders’ equity		613
Total liabilities and stockholders’ equity	$	79,032

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Concentrations of Risk

9 Months Ended

Sep. 30, 2012

Concentrations of Risk

NOTE 11. CONCENTRATIONS OF RISK

The Bank is not party to any claims, lawsuits or other litigation that might have a material effect on its consolidated financial statements.

Most of the Bank’s business activity is with customers located within its primary market area, generally southwest Florida. Approximately 91% of the Bank’s loan portfolio at September 30, 2012 was concentrated in loans secured by real estate. Residential first mortgages and home equity lines of credit represent 32% of gross loans or approximately $105 million. Commercial real estate comprises 45% of gross loans or approximately $154 million. At September 30, 2012 and December 31, 2011, the Bank had no significant concentrations of credit risk with any individual counterparty.

At September 30, 2012, deposits and/or repurchase agreements of two customers individually exceeded 5% of total deposits. These deposits totaled approximately $59.8 million or 12% of total deposits and repurchase agreements. Of the $59.8 million, $37 million is represented by term CDs with the State of Florida. These deposits are deemed to be core relationships, as these accounts are all with the State and local community based businesses. Management does not view this concentration as a liquidity risk. The interest rate paid on these deposits ranges between 0.30% and 0.58%.

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Borrowings

9 Months Ended

Sep. 30, 2012

Borrowings

NOTE 7. BORROWINGS

Short and Long Term Borrowings

The FHLB of Atlanta has extended credit availability to the Bank equal to approximately 20% of total assets or $101 million in remaining credit availability at September 30, 2012. All borrowings must be fully secured with eligible collateral. As of September 30, 2012, the Bank had $63.6 million in eligible loans pledged as collateral for advances listed in the schedule below (dollars in thousands).

	As of September 30, 2012
Short Term Advances	Term	Maturity Date	Interest Rate			Advance Amount
Fixed rate advance	30 days	10/26/12		0.19	%	$	5,000
Average weighted rate				0.19	%	$	5,000

Long Term Advances	Term	Maturity Date	Interest Rate			Advance Amount
Fixed rate advance	3 years	02/03/15		0.66	%	$	3,000
Fixed rate advance	4 years	02/03/16		0.91	%		3,000
Average weighted rate				0.78	%	$	6,000

The Bank had available credit of $25 million under unsecured federal funds lines of credit with two correspondent banks at September 30, 2012. There were no borrowings outstanding under the agreements at September 30, 2012 or December 31, 2011.

The Bank has securities sold under agreements to repurchase with commercial account holders whereby the Bank sweeps the customer’s accounts on a daily basis and pays interest on these amounts. These agreements are collateralized by investment securities chosen by the Bank. The Bank had approximately $47 million and $39 million in such accounts as of September 30, 2012 and December 31, 2011, respectively. The average rate of interest paid for the three months ended September 30, 2012 was 0.38%.

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Concentrations of Risk - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2012 Customer
Concentration Risk [Line Items]
Percentage of Banks loans secured by real estate	91.00%
Residential first mortgages and home equity lines of credit	$ 105,000,000
Commercial real estate loan	154,022,000
Customer Concentration Risk
Concentration Risk [Line Items]
Number of customers individually exceeding 5% of total deposits	2
Deposit of customers individually exceeding 5% of total deposits	59,800,000
Deposit of customers individually exceeding 5% of total deposits as percentage of total deposit	12.00%
Customer Concentration Risk | Minimum
Concentration Risk [Line Items]
Interest rate paid on deposit	0.30%
Customer Concentration Risk | Maximum
Concentration Risk [Line Items]
Interest rate paid on deposit	0.58%
Customer Concentration Risk | Certificates of Deposit
Concentration Risk [Line Items]
Deposit of customers individually exceeding 5% of total deposits	$ 37,000,000
First Mortgage
Concentration Risk [Line Items]
Percentage of Banks loans secured by real estate	32.00%
Commercial Real Estate
Concentration Risk [Line Items]
Percentage of Banks loans secured by real estate	45.00%

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Loans, Allowance and Asset Quality

9 Months Ended

Sep. 30, 2012

Loans, Allowance and Asset Quality

NOTE 5. LOANS, ALLOWANCE AND ASSET QUALITY

The composition of net loans is as follows at September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	September 30, 2012					December 31, 2011
Commercial real estate	$	154,022		45	%	$	82,615		45	%
Construction loans		33,937		10	%		17,083		9	%
Commercial and industrial		18,179		5	%		16,800		9	%
Home equity lines of credit		8,594		3	%		4,453		3	%
Residential single family (includes loans held for sale, $417 and $237, respectively)		96,808		29	%		38,793		21	%
Residential multifamily		14,367		4	%		8,019		4	%
Consumer installment loans		12,360		4	%		15,942		9	%
		338,267		100	%		183,705		100	%
Less accretable discount		(2,344	)				(330	)
Less unaccretable discount		(12,511	)				—
		323,412					183,375
Plus net deferred loan origination costs		1,463					1,081
Less allowance for loan losses		(4,782	)				(3,057	)
Net loans	$	320,093				$	181,399

The purchase discounts in the above table depict the remaining fair value adjustments for credit and market rate risk recorded in connection with the acquisitions of Panther in October 2009 and Royal in July 2012. Portions related to market rates are being accreted into income, under the simple-interest method, as a yield adjustment over the life of the underlying loans.

Loan Origination/Risk Management

The Bank has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. Management evaluates credit risk on the following portfolio segments:

Commercial and Industrial Loans: Commercial credit is extended primarily to middle market customers. Such credits typically comprise working capital loans, loans for physical asset expansion, asset acquisition loans and other business loans. Loans to closely held businesses will generally be guaranteed in full or for a substantial amount by the businesses’ majority owners. Commercial loans are made based primarily on the historical and projected cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not behave as forecasted and collateral securing loans may fluctuate in value due to economic or individual performance factors. Minimum standards and underwriting guidelines have been established for all commercial loan types.

Commercial Real Estate Loans: The Bank’s goal is to originate and maintain a high quality portfolio of commercial real estate loans with customers who meet the quality and relationship profitability objectives of the Bank. Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans. These loans are viewed primarily as cash flow loans and the repayment of these loans is largely dependent on the successful operation of the underlying property. The Bank also looks to the sale of the underlying collateral as a means of secondary repayment. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market such as geographic location and/or property type.

Construction Loans: The Bank defines construction loans as loans where the loan proceeds are controlled by the Bank and used exclusively for the improvement of residential or commercial real estate in which the Bank holds a mortgage. These loans generally must be supported by an adequate “as completed” value of the underlying project. In addition to the underlying project, the financial history of the borrower weighs significantly in determining approval. The repayment of these loans is typically through permanent financing upon completion of the construction. Real estate construction loans are inherently more risky than loans on completed properties due to the unimproved nature and the financial risks of construction. Due to the inherent risk in this type of loan, they are subject to industry specific policy guidelines outlined in the Bank’s Loan Policy and are monitored closely.

Residential Single and Multifamily Loans (including Home Equity Lines of Credit): The Bank originates fixed and adjustable rate residential real estate loans secured by one to four and, on a very limited basis, multifamily dwellings. First mortgage loan terms range from five to thirty years. In deciding whether to make a residential real estate loan, we consider the qualifications of the borrower as well as the value of the underlying property.

Residential mortgages that are sold generally have recourse obligations if any of the first four payments become past due over 30 days under certain investor contracts and over 90 days under other investor contracts. The Bank may also be required to repurchase mortgages that do not conform to FNMA or FHLMC underwriting standards or that contain critical documentation errors or fraud. The Bank only originates for sale mortgages that conform to FNMA or FHLMC underwriting guidelines. The Bank has not sustained any recourse-related losses in its mortgage program. No recourse liability was recorded for these mortgages.

Consumer Installment Loans: The Bank originates direct and indirect consumer loans. They mostly include automobile and light duty truck loans, lot loans and personal lines of credit, secured and unsecured. Each loan type has a separate underwriting matrix including but not limited to debt to income ratio, term requirements, type of collateral and loan to collateral value, credit history and relationship with the borrower.

Allowance For Loan Losses

The following tables illustrate certain information with respect to our allowance for loan losses and the composition of charge-offs and recoveries for the nine months ended September 30, 2012 and 2011, respectively, (dollars in thousands).

	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial			Consumer and Other			Total
The Bank’s activity in the allowance for loan losses is summarized below for the nine months ended 09/30/12:
Allowance For Loan Losses
Originated Loans:
Beginning Balance	$	398	$	485	$	604	$	221		$	135		$	1,843
Provision		362		1,061		232		74			84			1,813
Charge Offs		—		—		—		—			75			75
Recoveries		—		—		—		—			31			31
Ending Balance Originated Loans:	$	760	$	1,546	$	836	$	295		$	175		$	3,612
Acquired Loans:
Beginning balance		219		922		43		23			7			1,214
Provision		57		34		74		(8	)		(6	)		151
Charge Offs		100		—		117		—			—			217
Recoveries		22		—		—		—			—			22
Ending Balance Acquired Loans:	$	198	$	956	$	—	$	15		$	1		$	1,170
Ending Balance Total Allowance:	$	958	$	2,502	$	836	$	310		$	176		$	4,782
The Bank’s activity in the allowance for loan losses is summarized below for the nine months ended 09/30/11:
Allowance For Loan Losses
Originated Loans:
Beginning Balance	$	122	$	528	$	26	$	105		$	98		$	879
Provision		152		226		124		6			82			590
Charge Offs								1			21			22
Recoveries											1			1
Ending Balance Originated Loans:	$	274	$	754	$	150	$	110		$	160		$	1,448
Acquired Loans:
Beginning balance		—		169		—		—			—			169
Provision		43		660		19		1			3			726
Charge Offs		—		—		—		—			—			—
Recoveries		—		—		—		—			—			—
Ending Balance Acquired Loans:	$	43	$	829	$	19	$	1		$	3		$	895
Ending Balance Total Allowance:	$	317	$	1,583	$	169	$	111		$	163		$	2,343

The following tables illustrate certain information with respect to our allowance for loan losses and the composition of impaired loans as of September 30, 2012 and December 31, 2011, respectively, (dollars in thousands).

	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial		Consumer and Other		Total
The Bank’s allowance for loan losses impairment evaluation at September 30, 2012:
Individually evaluated for impairment	$	80	$	117	$	—	$	—	$	—	$	197
Collectively evaluated for impairment		878		2,385		836		310		176		4,585
Acquired with deteriorated credit quality		—		—		—		—		—		—
Ending Balance Total Allowance:	$	958	$	2,502	$	836	$	310	$	176	$	4,782
The Bank’s loan balances based on impairment evaluation at September 30, 2012:
Individually evaluated for impairment	$	306	$	1,497	$	449	$	—	$	66	$	2,318
Collectively evaluated for impairment		102,348		125,940		26,965		16,757		12,232		284,242
Acquired with deteriorated credit quality		13,887		15,081		6,523		1,333		28		36,852
Ending Balance Total Loans:	$	116,541	$	142,518	$	33,937	$	18,090	$	12,326	$	323,412
The Bank’s allowance for loan losses impairment evaluation at December 31, 2011:
Individually evaluated for impairment	$	100	$	—	$	—	$	—	$	—	$	100
Collectively evaluated for impairment		516		1,407		647		246		141		2,957
Acquired with deteriorated credit quality		—		—		—		—		—		—
Ending Balance Total Allowance:	$	616	$	1,407	$	647	$	246	$	141	$	3,057
The Bank’s loan balances based on impairment evaluation at December 31, 2011:
Individually evaluated for impairment	$	157	$	855	$	—	$	—	$	110	$	1,122
Collectively evaluated for impairment		51,035		81,517		17,083		16,787		15,831		182,253
Acquired with deteriorated credit quality		—		—		—		—		—		—
Ending Balance Total Loans:	$	51,192	$	82,372	$	17,083	$	16,787	$	15,941	$	183,375

The general loss reserve was $4.6 million as of September 30, 2012 and $3.0 million as of December 31, 2011. There were specific reserves of $197,000 on loans at September 30, 2012 and $100,000 at December 31, 2011. The increase in the general loss reserve was due to increases in net loans outstanding of approximately $102 million, excluding loans acquired in July 2012.

The below tables represent the loan portfolio, segmented by risk factors, as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

As of September 30, 2012	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial		Consumer and Other		Total Loans
Originated Loans:
Risk Free	$	—	$	—	$	—	$	320	$	582	$	902
Excellent		—		738		—		675		400		1,813
Good		4,812		23,312		1,647		2,463		126		32,360
Satisfactory		92,902		84,723		25,318		11,623		11,029		225,595
Watch		—		—		—		—		—		—
OLEM		—		—		—		—		67		67
Substandard		—		4,117		—		1,415		25		5,557
Doubtful		—		—		—		—		—		—
Sub-total		97,714		112,890		26,965		16,496		12,229		266,294
Acquired Loans:
Risk Free		—		—		—		—		—		—
Excellent		—		—		—		—		—		—
Good		13,887		15,081		6,523		1,333		28		36,852
Satisfactory		4,635		9,781		—		161		69		14,646
Watch		—		—		—		—		—		—
OLEM		225		541		—		42		—		808
Substandard		—		4,108		449		58		—		4,615
Doubtful		80		117		—		—		—		197
Sub-total		18,827		29,628		6,972		1,594		97		57,118
Total	$	116,541	$	142,518	$	33,937	$	18,090	$	12,326	$	323,412

As of December 31, 2011	Residential Single & Multifamily		Commercial Real Estate		Construction Loans		Commercial and Industrial		Consumer and Other		Total Loans
Originated Loans:
Risk Free	$	—	$	—	$	—	$	359	$	621	$	980
Excellent		—		764		—		675		400		1,839
Good		974		15,539		4,047		2,726		579		23,865
Satisfactory		44,769		49,448		12,286		12,631		13,956		133,090
Watch		—		—		—		—		53		53
OLEM		—		—		—		—		—		—
Substandard		—		—		—		—		15		15
Doubtful		—		—		—		—		—		—
Sub-total		45,743		65,751		16,333		16,391		15,624		159,842
Acquired Loans:
Risk Free		—		—		—		—		—		—
Excellent		—		—		—		—		62		62
Good		—		—		—		—		—		—
Satisfactory		5,392		13,039		750		396		255		19,832
Watch		—		2,743		—		—		—		2,743
OLEM		—		—		—		—		—		—
Substandard		—		364		—		—		—		364
Doubtful		57		475		—		—		—		532
Sub-total		5,449		16,621		750		396		317		23,533
Total	$	51,192	$	82,372	$	17,083	$	16,787	$	15,941	$	183,375

The Bank applies internal risk ratings to all loans on a scale of 1 to 9. A description of the general characteristics of the nine risk grades are as follows:

1-Risk Free – Loans are of the highest quality. Very sound financial position, high liquidity, little or no leverage, strong capital position and cash flow, superior management, seasoned stable industry, unqualified audits. Refinancing is easily available at virtually any bank. Any loan fully secured by short term government or cash deposits.

2-Excellent – Excellent loans run from the upper end to the middle of the high quality range. Sound financial position, good liquidity, modest leverage, good cash flow, experienced management and good trends in established business. Generally receive unqualified audits. Refinancing available at most banks. Real estate loans with strong loan to value and debt service coverage ratios. Marketable collateral values substantiated, strong and liquid.

3-Good – Good financial condition, liquidity and a history of earnings with indications that the trend will continue, typical of industry. Working capital or cash flow sufficient to repay debt as scheduled. Handles credit needs in a satisfactory manner. Real estate loans with acceptable loan to value and debt service coverage ratios. Marketable collateral values substantiated and adequate. Secured loans granted to high net worth individuals with adequate liquidity to support the loans. Adequate liquidity will be calculated as cash and or marketable securities equal to the amount of the loan granted to the borrower. Secured loans granted to high net worth individuals with adequate liquidity to support the loans. Adequate liquidity will be calculated as cash and or marketable securities equal to the amount of the loan granted to the borrower.

4-Satisfactory – An established borrower that represents a reasonable credit risk. Satisfactory loans run from medium to lower medium quality range. Financial condition and performance is acceptable, but may be subject to significant fluctuations. During periods of economic downturn, the financial condition may become unstable. May include borrowers growing rapidly with high leverage. Secondary sources of repayment require significant attention and may include close monitoring of a borrowing base or comprehensive loan covenant protection. This category will frequently include loans that:

• Require special monitoring of any kind, such as wholesale auto financing (floor plans).

• Are guaranteed by an agency of the U.S. government such as the SBA.

• Involve speculative construction of the collateral.

• Involve an average borrower in a highly cyclical industry such as machine shops or construction.

5-Watch – Watch Loans identify borrowers who are significantly uncertain in their ability to maintain or improve their financial performance. Loans are of minimum acceptable quality. Financial condition is unstable and shows minimally acceptable support for credit accommodation. Historic financial performance may be inconsistent or uncertain. Borrower has demonstrated the ability to meet all contractual obligations; however, payments may at times be delayed. Secondary sources of repayment are adequate, but weakened somewhat by lack of liquidity or properly documented value.

This category will frequently include loans that:

• Lack adequate successor management. Also, management expertise is limited to technical areas, while demonstrated weaknesses are found in finance or administration.

• Involve administrative and handling costs which may be above average for the portfolio.

• Have no current financial statements and which are not fully secured by cash or marketable securities. Since an accurate assessment of an appropriate loan risk rating cannot be determined, the rating of 5 may be applied by default.

• Liquidity is acceptable, but concentration in non-cash assets puts stress on solvency.

• Infrequent overdrafts are quickly corrected.

• Temporary documentation or collateral weaknesses, such as failure to be named as lender loss payee on insurance.

A specific action plan including measurable benchmarks will be developed by the responsible lender and his supervisor for review. Progress is monitored on an interim basis by the Loan Officer and reported at subsequent reviews as scheduled.

6-OLEM (Other Loans Especially Mentioned) – Assets have potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Other Loans Especially Mentioned assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification.

OLEM assets have potential weaknesses that may, if not checked or corrected, weaken the asset or inadequately protect the institution’s position at some future date. These assets pose elevated risk, but their weakness does not yet justify a substandard classification. Borrowers may be experiencing adverse operating trends:

• Declining revenues or margins

• An ill-proportioned balance sheet

• Example: increasing inventory without an increase in sales, high leverage, tight liquidity).

• Adverse economic or market conditions,

• Such as interest rate increases or entry of new competitor, may also support a OLEM rating

• Non-financial reasons:

• Management problems

• Pending litigation,

• An ineffective loan agreement

• other material structural weakness

The OLEM rating is designed to identify a specific level of risk and concern about asset quality. Although an OLEM asset has a higher probability of default than a pass asset, its default is not imminent. OLEM is NOT a compromise between pass and substandard and should NOT be used to avoid exercising such judgment.

7-Substandard – A substandard asset is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so, classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected.

Substandard assets have a high probability of payment default, or they have other well-defined weaknesses. They require more intensive supervision by bank management.

Substandard assets are generally characterized by:

• current or expected unprofitable operations

• inadequate debt service coverage

• inadequate liquidity

• marginal capitalization

Repayment may depend on collateral or other credit risk mitigates. For some substandard assets, the likelihood of full collection of interest and principal may be in doubt; such assets should be placed on nonaccrual. Although substandard assets in the aggregate will have a distinct potential for loss, an individual asset’s loss potential does not have to be distinct for the asset to be rated substandard.

8-Doubtful – An asset classified doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

A doubtful asset has a high probability of total or substantial loss, but because of specific pending events that may strengthen the asset, its classification as loss is deferred. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Pending events can include:

• Mergers

• Acquisitions

• Liquidations

• Capital injections

• The perfection of liens on additional collateral

• The valuation of collateral

• Refinancing

Generally, pending events should be resolved within a relatively short period and the ratings will be adjusted based on the new information. Because of high probability of loss, nonaccrual accounting treatment is required for doubtful assets.

9-Loss – Assets classified loss are considered uncollectible and such little value that their continuance as bankable assets is not warranted. This classification does not mean that the assets has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future.

With loss assets, the underlying borrowers are often in bankruptcy, have formally suspended debt repayments, or have otherwise ceased normal business operations. Once an asset is classified loss, there is little prospect of collecting either its principal or interest. When access to collateral, rather than value of collateral, is the problem, a less severe classification may be appropriate. However, banks should not maintain an asset on the balance sheet it realizing its value would require long-term litigation or other lengthy recovery efforts. Losses are to be recorded in the period an obligation becomes uncollectible.

Below are the statistics for past due and non-accrual loans, by portfolio segment, as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	30-59 Days Past Due		60-89 Days Past Due		90 + Days Past Due		Non- Accrual		Total Past Due and Non- Accrual		Current		Total Loans		Current Non- Accrual Loans
As of September 30, 2012
Originated Loans:
Residential single & multifamily	$	—	$	—	$	—	$	—	$	—	$	97,714	$	97,714	$	—
Commercial real estate		—		—		—		1,327		1,327		111,563		112,890		—
Construction loans		—		—		—		—		—		26,965		26,965		—
Commercial and industrial		—		—		—		1,415		1,415		15,081		16,496		—
Consumer and other		137		—		—		25		162		12,067		12,229		—
Acquired Loans:
Commercial real estate		370		—		—		3,232		3,602		26,026		29,628		3,232
Residential, consumer and other		93		737		—		449		1,279		26,211		27,490		449
Total Loans	$	600	$	737	$	—	$	6,448	$	7,785	$	315,627	$	323,412	$	3,681
As of December 31, 2011
Originated Loans:
Residential single & multifamily	$	—	$	—	$	—			$	—	$	45,743	$	45,743	$	—
Commercial real estate		—		—		—				—		65,751		65,751		—
Construction loans		—		—		—				—		16,333		16,333		—
Commercial and industrial		—		—		—				—		16,391		16,391		—
Consumer and other		56		54		—		15		125		15,499		15,624		—
Acquired Loans:
Commercial real estate		—		—		—		855		855		15,766		16,621		855
Residential, consumer and other		100		57		—		100		257		6,655		6,912		—
Total Loans	$	156	$	111	$	—	$	970	$	1,237	$	182,138	$	183,375	$	855

At September 30, 2012, a portion of the Company’s acquired assets included loans which were contractually past due, including some that were 90 days or more past due. However, the elevated level of delinquencies of loans at the date of acquisition was considered in the Company’s performance expectations used in its determination of fair value for all acquired loans. Accordingly, all acquired loans continue to accrete interest income and all acquired loans continue to perform in accordance with management’s expectations established in conjunction with the determination of day one fair values. Acquired loans accounted for under ASC 310-30 have been omitted from the above past due schedule even though they may be “contractually” past due.

The following is a summary of information pertaining to impaired loans as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	As of September 30, 2012						Nine Months Ended September 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential single & multifamily	$	—	$	—	$	—	$	44	$	—
Commercial real estate		795		1,886		—		818		—
Construction loans		449		580		—		506		—
Commercial and industrial		—		—		—		—		—
Consumer and other		66		66		—		70		4
With An Allowance Recorded:
Residential single & multifamily		306		306		80		305		10
Commercial real estate		702		731		117		710		—
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		—		—		—		—		—
Total:
Residential single & multifamily		306		306		80		349		10
Commercial real estate		1,497		2,617		117		1,528		—
Construction loans		449		580		—		506		—
Commercial and industrial		—		—		—		—		—
Consumer and other		66		66		—		70		4
	$	2,318	$	3,569	$	197	$	2,454	$	14

	As of December 31, 2011						Nine Months Ended September 30, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential single & multifamily	$	57	$	100	$	—	$	—	$	—
Commercial real estate		855		1,713		—		1,477		31
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		110		110		—		42		6
With An Allowance Recorded:
Residential single & multifamily		100		100		100		—		—
Commercial real estate		—		—		—		—		—
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		—		—		—		—		—
Total:
Residential single & multifamily		157		200		100		—		—
Commercial real estate		855		1,713		—		1,477		31
Construction loans		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer and other		110		110		—		42		6
	$	1,122	$	2,023	$	100	$	1,519	$	37

The following is a summary of information pertaining to loans modified as troubled debt restructurings for the periods listed below (dollars in thousands).

	Loans Modified as a TDR for the Nine Months Ended
Troubled Debt Restructuring	September 30, 2012		September 30, 2011
Commercial Real Estate:
Number of loans		1		1
Pre-modification balances outstanding	$	1,128	$	1,014
Post-modification balances outstanding	$	702	$	1,005
Home Equity Lines of Credit:
Number of loans		—		—
Pre-modification balances outstanding	$	—	$	—
Post-modification balances outstanding	$	—	$	—
Construction Loans:
Number of loans		1		—
Pre-modification balances outstanding	$	580	$	—
Post-modification balances outstanding	$	449	$	—
Consumer Loans:
Number of loans		—		1
Pre-modification balances outstanding	$	—	$	40
Post-modification balances outstanding	$	—	$	36
Total Loans:
Number of loans		2		2
Pre-modification balances outstanding	$	1,708	$	1,054
Post-modification balances outstanding	$	1,151	$	1,041

The Bank had two loans classified as troubled debt restructurings during the nine months ended September 30, 2012. The restructured terms included either rate reductions between 100 - 150 basis points and/or payment terms reduced from principal and interest to interest only. All loans are performing under the restructured terms.

There were no loans classified as troubled debt restructurings that re-defaulted during the period of 12 months from their modification date.

The following tables illustrate information related to the Bank’s other real estate owned, net of valuation allowances and direct write-downs:

	September 30, 2012		December 31, 2011
Commercial real estate	$	2,101	$	799
Construction and land loans		680		—
Total	$	2,781	$	799
Balance at January 1, 2012			$	799
Transfers of loans				—
Fair value of other real estate owned acquired				3,149
Write downs				(105	)
Dispositions				(1,061	)
Other				(1	)
Balance at September 30, 2012			$	2,781

Loans Acquired in the Royal Palm Acquisition

All loans acquired with credit deterioration are being accounted for pursuant to ASC Topic 310-30. We arrived at this conclusion as follows. First, we segregated all acquired loans with specifically identified credit deficiency factor(s). The factors we used were all acquired loans that were non-accrual, 60 days or more past due, designated as Troubled Debt Restructurings (“TDR”), graded “special mention” or “substandard,” had more than five 30 day past due notices, or had any 60 day or 90 day past due notices during the loan term. For this disclosure purpose, we refer to these loans as 310-30 loans. Second, all remaining acquired loans, those without specifically identified credit deficiency factors, have been accounted for pursuant to ASC 310-20. These loans were evaluated to determine estimated fair values as of the Closing Date.

As of September 30, 2012	ASC 310-30		ASC 310-20		Total
Commercial real estate	$	11,198	$	7,490	$	18,689
Construction loans		1,291		288		1,579
Commercial and industrial		38		1,194		1,232
Home equity lines of credit		88		902		990
Residential single family		5,835		8,397		14,233
Consumer installment loans		—		129		129
	$	18,451	$	18,401	$	36,852

The following table summarizes the total contractually required principal and interest cash payments, management’s estimate of expected cash payments and the carrying value of the loans as of September 30, 2012. Contractually required principal and interest payments have been adjusted for estimated prepayments.

(dollars in thousands)	July 20, 2012			Income Accretion		Other Adjustments			September 30, 2012
Contractually-required principal	$	54,045		$	—	$	(2,603	)	$	51,442
Non-accretable difference		(12,200	)		46		7			(12,147	)
Cash flows expected to be collected		41,845			46		(2,596	)		39,295
Accretable yield		(3,038	)		119		476			(2,443	)
Carrying value of acquired loans	$	38,807		$	165	$	(2,120	)	$	36,852

For the period from the Closing Date through September 30, 2012, there was a single reclassification of $46,000 from non-accretable to accretable for the short sale of a credit impaired loan.

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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Other Intangible Assets

NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill not subject to amortization of $3.9 million was recorded in conjunction with the business combination between First National and Panther. Additionally, an indefinite lived bank charter intangible asset of $1.2 million was recorded in conjunction with the business combination. Goodwill has been assigned to the Bank’s single reporting unit. Fair value of the Bank’s single reporting segment is determined using either discounted cash flow analyses based on internal financial forecasts or, if available, market-based valuation multiples for comparable businesses. No impairment was identified for the Bank’s goodwill as a result of the testing performed for the years ended December 31, 2011 and 2010.

Intangible assets subject to amortization include the Bank’s trademarked logo and core deposit intangibles recorded with the Royal Palm Acquisition. The carrying amount of these assets was $213,000 at September 30, 2012. The trademarked logo is being amortized over a period of 20 years. The core deposit intangible is being amortized over five years. The annual amortization is approximately $27,000.

The carrying amount of the Bank’s intangibles was $122,000 at September 30, 2011.

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Stock Options and Warrants

9 Months Ended

Sep. 30, 2012

Stock Options and Warrants

NOTE 8. STOCK OPTIONS AND WARRANTS

The Company has two stock option plans, one for (i) directors and one for (ii) officers and employees, with options outstanding at September 30, 2012 of 185,856 and 64,944, respectively. The maximum number of options that can be granted under both plans may not exceed 10% of the aggregate of outstanding common and preferred stock. There are 1,155,214 options available for grant between the plans. With the closing of the reorganization on September 25, 2012, the Company adopted both of the stock option plans (which had formerly been plans of the Bank), and issued Company stock options (and warrants) on a one-for-one basis to option and warrant holders of the Bank.

Under the terms of the plans, employees’ options generally vest over a period of three years and have a term of 10 years. The directors’ options generally vest over five years and have a term of 10 years. New shares of Company common stock will be issued upon the exercise of options.

As of September 30, 2012, there was no unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the two plans.

There were no stock based compensation awards granted during the periods ended September 30, 2012 or 2011, respectively. The following table presents the activity of the Company’s outstanding stock options and warrants, for the periods ended September 30, 2012 and 2011, respectively. The table includes option and warrant activity of the Bank, before closing of the reorganization on September 25, 2012.

	For the Nine Months Ended September 30,
	2012					2011
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
STOCK OPTIONS:
Options outstanding, beginning of period		254,496		$	7.58		277,728		$	7.58
Options granted		—			—		—			—
Options exercised		—			—		—			—
Options repurchased		—			—		—			—
Options expired		(3,696	)		7.58		(23,232	)		7.58
Options outstanding, end of period		250,800		$	7.58		254,496		$	7.58
Exercisable at end of period		250,800		$	7.58		254,496		$	7.58
Weighted Average Remaining Contractual Term					5.53 years					6.55 years
STOCK WARRANTS:
Warrants outstanding, beginning of period		1,633,443		$	10.00		1,633,443		$	10.00
Warrants granted		—			—		—			—
Warrants exercised		—			—		—			—
Warrants repurchased		—			—		—			—
Warrants expired		—			—		—			—
Warrants outstanding, end of period		1,633,443		$	10.00		1,633,443		$	10.00
Exercisable at end of period		1,633,443		$	10.00		1,633,443		$	10.00
Weighted Average Remaining Contractual Term					4.98 years					5.98 years

In accordance with the terms of the original offering prospectus dated July 14, 2009, and as part of the Agreement and Plan of Merger between Panther and First National, dated April 23, 2009, organizers and founders received organizer warrants to purchase 952,500 shares with a term of 10 years and shareholder warrants to purchase 10,020 shares of common stock with a term of five years. Additionally, all other common shareholders received warrants to purchase a total of 671,054 shares with a term of five years. All warrants were at an exercise price of $10 per share and immediately exercisable. All outstanding warrants to purchase shares of the Bank’s common stock were converted into warrants to purchase shares of the Company’s common stock upon closing of the reorganization on September 25, 2012.

On September 16, 2011; the Bank issued rights to each shareholder of record as of July 12, 2011. This offering consisted of rights to purchase 5,412,523 shares of common stock at a price of $5.00. As of September 30, 2011, rights to purchase 5,380,973 shares of common stock were outstanding. A total of 31,550 shares were purchased. The rights offering expired on November 15, 2011.

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Reconciliation of All Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level III) (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 14,780
Total realized and unrealized gains (losses):
Included in earnings - realized	244
Included in earnings - unrealized
Included in other comprehensive income	176
Proceeds from maturities and payments, net
Level III assets sold, net of realized gains (losses)	(3,165)
Transfers into Level III		14,780
Transfers out of Level III	(12,035)
Ending balance		$ 14,780

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Assets Measured at Fair Value on Non - Recurring Basis (Detail) (Fair Value, Measurements, Nonrecurring, USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 5,031	$ 1,651
Loans, measured for impairment
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	2,250	852
Valuation Technique	Appraisal of collateral	Appraisal of collateral
Unobservable Inputs	Appraisal and liquidation adjustments	Appraisal and liquidation adjustments
Weighted average	(10.00%)	(10.00%)
Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 2,781	$ 799
Valuation Technique	Appraisal of collateral	Appraisal of collateral
Unobservable Inputs	Appraisal and liquidation adjustments
Weighted average	(30.00%)
Minimum | Loans, measured for impairment
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Minimum | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%
Maximum | Loans, measured for impairment
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	(10.00%)	(10.00%)
Maximum | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	(30.00%)

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Changes in Fair Value are Recorded through Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	$ 186,939	$ 130,649
U.S. Government agencies and government sponsored entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	75,259	32,391
Agency mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	47,440	44,408
Agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	10,828	17,733
State, county and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	47,125	30,947
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	6,287	5,170
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	186,939	115,869
Fair Value, Inputs, Level 2 | U.S. Government agencies and government sponsored entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	75,259	32,391
Fair Value, Inputs, Level 2 | Agency mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	47,440	44,408
Fair Value, Inputs, Level 2 | Agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	10,828	17,733
Fair Value, Inputs, Level 2 | State, county and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	47,125	16,167
Fair Value, Inputs, Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis	6,287	5,170
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis		14,780
Fair Value, Inputs, Level 3 | State, county and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on recurring basis		$ 14,780

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Fair Value of Assets Acquired & Liabilities Assumed (Detail) (USD $) In Thousands, unless otherwise specified	1 Months Ended
	Jul. 20, 2012
Assets Acquired:
Cash and due from banks	$ 8,281
Interest earning balances due from banks	9,383
Total cash and cash equivalents	17,664
Securities available-for-sale	1,761
Federal Home Loan Bank stock	154
Loans	38,807
Other real estate owned	3,149
Core deposit intangible	101
Receivable from FDIC	17,152
Interest receivable and other assets	244
Total assets acquired	79,032
Liabilities Assumed:
Noninterest-bearing demand deposits	16,546
Interest-bearing liabilities:
Money market	23,542
NOW	7,270
Savings	4,526
Certificates of deposit greater than $100,000	12,816
Certificates of deposit $100,000 or less	12,841
Total deposits	77,541
Other liabilities	878
Total liabilities assumed	78,419
Stockholders' Equity:
Bargain purchase gain, net of deferred taxes	613
Total stockholders' equity	613
Total liabilities and stockholders' equity	$ 79,032

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Total Contractually Required Principal and Interest Payments Adjusted for Estimated Prepayments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2012
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Beginning Balance	$ 38,807
Income Accretion	165
Other Adjustments	(2,120)
Ending Balance	36,852
Accretable Yield
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Beginning Balance	(3,038)
Income Accretion	119
Other Adjustments	476
Ending Balance	(2,443)
Cash Flows Expected to be Collected
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Beginning Balance	41,845
Income Accretion	46
Other Adjustments	(2,596)
Ending Balance	39,295
Cash Flows Expected to be Collected | Contractually Required Principal
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Beginning Balance	54,045
Other Adjustments	(2,603)
Ending Balance	51,442
Cash Flows Expected to be Collected | Non Accretable Difference
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Beginning Balance	(12,200)
Income Accretion	46
Other Adjustments	7
Ending Balance	$ (12,147)

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Fair Value Measurements

9 Months Ended

Sep. 30, 2012

Fair Value Measurements

NOTE 13. FAIR VALUE MEASUREMENTS

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Fair value is defined as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The accounting guidance establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

• Level I: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

• Level II: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other observable inputs or can be corroborated by observable market data.

• Level III: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The following table sets forth the Bank’s investments which are measured at fair value on a recurring basis as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands). Changes in fair value are recorded through other comprehensive income (loss).

	Level I		Level II		Level III		Total
September 30, 2012:
U.S. Government agencies and government sponsored entities	$	—	$	75,259	$	—	$	75,259
Agency mortgage backed securities		—		47,440		—		47,440
Agency collateralized mortgage obligations		—		10,828		—		10,828
State, county and municipal		—		47,125		—		47,125
Corporate bonds		—		6,287		—		6,287
Total Assets	$	—	$	186,939	$	—	$	186,939
December 31, 2011:
U.S. Government agencies and government sponsored entities	$	—	$	32,391	$	—	$	32,391
Agency mortgage backed securities		—		44,408		—		44,408
Agency collateralized mortgage obligations		—		17,733		—		17,733
State, county and municipal		—		16,167		14,780		30,947
Corporate bonds		—		5,170		—		5,170
Total Assets	$	—	$	115,869	$	14,780	$	130,649

Following is a description of the methodologies for estimating the fair value of financial assets and financial liabilities, including financial instruments that are measured on the balance sheet at fair value on a recurring basis:

Securities available for sale: Fair value measurements are obtained from an outside pricing service. Fair values are generally estimated using matrix pricing techniques, incorporating observable data that may include reported trades of similar securities, dealer quotes, benchmark yield curves, issuer spreads, new issue data, market consensus prepayment speeds, the bonds’ terms and conditions, and other relevant factors. Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level II inputs).

There were transfers of 18 taxable municipal securities from Level III to Level II during the three months ended March 31, 2012. It has been concluded the assumptions used to price these securities, (the taxable municipals transferred into Level III during the year ended December 31, 2011), included quoted prices for identical or similar assets, therefore representing observable inputs. The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level III) for the periods indicated (dollars in thousands).

	September 30, 2012			December 31, 2011
Beginning balance of recurring Level III assets	$	14,780		$	—
Total realized and unrealized gains (losses):
Included in earnings - realized		244			—
Included in earnings - unrealized		—			—
Included in other comprehensive income		176			—
Proceeds from maturities and payments, net		—			—
Level III assets sold, net of realized gains (losses)		(3,165	)
Transfers into Level III		—			14,780
Transfers out of Level III		(12,035	)		—
Total Assets	$	—		$	14,780

The carrying amounts and estimated fair values of the Bank’s financial instruments at September 30, 2012 and December 31, 2011, respectively, were as follows in the table below (in thousands). The fair value estimates presented are based on pertinent information available to management at the close of each period. Although management is not aware of any factors that would significantly affect the estimated fair values, they have not been comprehensively revalued for purposes of these financial statements since the statement of financial condition date. Current estimates of fair value may differ significantly from the amounts disclosed.

			Fair Value Measurements at September 30, 2012
	Carrying Amount		Level I		Level II		Level III		Total
Financial assets:
Cash and interest bearing balances due from banks	$	19,298	$	19,298	$	—	$	—	$	19,298
Bank certificates of deposit		9,745				9,785				9,785
Federal Reserve Bank and Federal Home Loan Bank stock		3,161						3,161		3,161
Loans, net		317,426				277,965		36,852		314,817
Loans held for sale		417				358				358
Accrued interest receivable		1,953				1,953				1,953
Financial liabilities:
Deposits		440,310				437,618				437,618
Securities sold under agreements to repurchase		47,314				47,314				47,314
Borrowings		11,000				10,989				10,989
Accrued interest payable		554				554				554

			Fair Value Measurements at December 31, 2011
	Carrying Amount		Level I		Level II		Level III		Total
Financial assets:
Cash and interest bearing balances due from banks	$	41,725	$	41,725	$	—	$	—	$	41,725
Bank certificates of deposit		13,775				13,843				13,843
Federal Reserve Bank and Federal Home Loan Bank stock		2,371						2,371		2,371
Loans, net		180,310				179,578				179,578
Loans held for sale		237				237				237
Accrued interest receivable		1,085				1,085				1,085
Financial liabilities:
Deposits		290,553				288,117				288,117
Securities sold under agreements to repurchase		38,580				38,580				38,580
Accrued interest payable		256				256				256

Following is a description of the methodologies for estimating the fair value of financial assets and financial liabilities, including financial instruments that are measured in the balance sheet at fair value on a non-recurring basis as disclosed above:

Cash and interest earning balances due from banks and bank certificates of deposits: Due to the short-term nature of these instruments, fair values approximate their carrying amounts.

Federal Reserve Bank and Federal Home Loan Bank Stock: The fair values of Federal Reserve Bank and FHLB stock are estimated to approximate their historical cost. There are no ready trading markets for these assets. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost. The stock’s value is determined by the ultimate recoverability of the par value. The determination of whether the par value will ultimately be recovered is influenced by economic and legislative factors which influence the FHLB or Federal Reserve Bank and their related customers.

Loans, net: The estimated fair value of fixed rate loans is calculated by discounting scheduled cash flows through the estimated maturity using discount rates that reflect credit and interest rate risk inherent in the loan at the balance sheet date. The fair value of performing loans that re-price frequently approximates the carrying amount. Loans originated and performing are classified as Level II. Loans acquired are valued using similar discounted cash flows, estimated prepayment speeds and projected default probabilities. The carrying value of acquired loans represents fair value and are classified at Level III, The allowance for loan losses is considered by management to be a reasonable estimate of the impact of credit risk on the fair value of the loan portfolio.

Loans held for sale: Mortgage loans originated and held for sale are carried at the lower of cost or estimated fair value.

Accrued interest receivable: The fair value of accrued interest receivable approximates the carrying amount.

Deposits: The fair value of demand deposits, including noninterest-bearing demand deposits, savings accounts, NOW accounts and money market deposits are subjected to a decay schedule then discounted using the LIBOR/swap curve. Fixed term certificates of deposit are valued by discounted cash flows using the interest rates currently being offered on deposits of similar remaining maturity.

Securities sold under agreements to repurchase: The carrying value of securities sold under agreements to repurchase with maturities of less than 90 days approximates fair value.

Accrued interest payable: The fair value of accrued interest payable approximates the carrying amount.

Off-balance-sheet instruments: Loan commitments and standby letters of credit are negotiated at current market rates and are relatively short-term in nature. Therefore, their estimated fair value approximates the fees charged and is nominal at September 30, 2012.

The following table sets forth the Bank’s assets which are measured at fair value on a non-recurring basis as of September 30, 2012 and December 31, 2011, respectively (dollars in thousands).

	Quantitative Information about Level III Fair Value  Measurements
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
September 30, 2012:
Assets
Loans, measured for impairment	$	2,250	Appraisal of collateral	Appraisal and liquidation adjustments	0% to - 10% (-10%)
Other real estate owned		2,781	Appraisal of collateral	Appraisal and liquidation adjustments	0% to - 30% (-30%)
Total Assets	$	5,031
December 31, 2011:
Assets
Loans, measured for impairment	$	852	Appraisal of collateral	Appraisal and liquidation adjustments	0% to -10% (-10%)
Other real estate owned		799	Appraisal of collateral
Total Assets	$	1,651

Impaired loans: Loans, measured for impairment are based upon externally prepared estimates of the current fair value of the underlying collateral less estimated costs to sell. The Bank uses external appraisals to estimate fair value, which generally include Level III inputs which are not identifiable. The fair value includes qualitative adjustments by management and estimated liquidation expenses.

Other real estate owned: Other real estate owned consists of property acquired through, or in lieu of, loan foreclosure. The Bank uses external appraisals to estimate fair value. The valuation of other real estate owned represents the fair value less estimated selling costs.

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Borrowings (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Federal Home Loan Advances

The FHLB of Atlanta has extended credit availability to the Bank equal to approximately 20% of total assets or $101 million in remaining credit availability at September 30, 2012. All borrowings must be fully secured with eligible collateral. As of September 30, 2012, the Bank had $63.6 million in eligible loans pledged as collateral for advances listed in the schedule below (dollars in thousands).

	As of September 30, 2012
Short Term Advances	Term	Maturity Date	Interest Rate			Advance Amount
Fixed rate advance	30 days	10/26/12		0.19	%	$	5,000
Average weighted rate				0.19	%	$	5,000

Long Term Advances	Term	Maturity Date	Interest Rate			Advance Amount
Fixed rate advance	3 years	02/03/15		0.66	%	$	3,000
Fixed rate advance	4 years	02/03/16		0.91	%		3,000
Average weighted rate				0.78	%	$	6,000

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Bank's Other Real Estate Owned, Net of Valuation Allowances and Direct Write-Downs (Detail) (USD $) In Thousands, unless otherwise specified			9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Other Real Estate Owned	Sep. 30, 2012 Other Real Estate Owned Commercial Real Estate	Dec. 31, 2011 Other Real Estate Owned Commercial Real Estate	Sep. 30, 2012 Other Real Estate Owned Construction and Land Loans
Other real estate	$ 2,781	$ 799	$ 2,781	$ 2,101	$ 799	$ 680
Beginning Balance	2,781	799	799	2,101	799	680
Transfers of loans
Fair value of other real estate owned acquired			3,149
Write downs			(105)
Dispositions			(1,061)
Other			(1)
Ending Balance	$ 2,781	$ 799	$ 2,781	$ 2,101	$ 799	$ 680

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Composition of Net Loans (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 417	$ 237
Residential single family | Residential Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 417	$ 237

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Statement of Other Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net income/(loss)	$ 540	$ (625)	$ 126	$ (2,420)
Other comprehensive income, net of tax:
Unrealized holding gains (losses) arising during the period	1,355	2,953	2,780	6,453
Less: Reclassification adjustment for (gains) losses recognized in earnings	(791)	(281)	(1,951)	(557)
Total other comprehensive income, net of tax:	564	2,672	829	5,896
Net comprehensive income	$ 1,104	$ 2,047	$ 955	$ 3,476

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Acquisition Of The Royal Palm Bank Of Florida

9 Months Ended

Sep. 30, 2012

Acquisition Of The Royal Palm Bank Of Florida

NOTE 2. ACQUISITION OF THE ROYAL PALM BANK OF FLORIDA

On July 20, 2012 (the “Closing Date”), the Florida Office of Financial Regulation closed The Royal Palm Bank of Florida, (“Royal”), Naples, Florida, and appointed the Federal Deposit Insurance Corporation (the “FDIC”) as receiver. That same date, the Bank assumed approximately $77 million of Royal’s deposits and acquired approximately $78 million in assets from the FDIC under a whole-bank purchase and assumption agreement without loss share (the “Acquisition”). The Bank did not pay the FDIC a premium to assume the deposits, and the assets were acquired at a discount to Royal’s historical book value as of July 20, 2012 of approximately $19.3 million, subject to customary adjustments.

The Acquisition resulted in a net gain of $613,000, after the establishment of a deferred tax liability of $369,000. The net after tax gain had been previously reported at $880,000 on the Company’s Current Report on Form 8-K filed October 3, 2012. There were measurement period adjustments totaling approximately $267,000, after tax, recorded subsequent to October 3, 2012. The adjustments represented tax liabilities for pending foreclosures ($295,000), additional fair value adjustments on investment securities ($16,000) and the write off of fixed assets removed from service ($118,000).

At September 30, 2012, the Company was in a consolidated cumulative net loss position and a full valuation reserve had been established for its net deferred tax asset. An updated analysis of the effect on the Company’s deferred tax status will be included in its Annual Report on Form 10-K for the fiscal year ending December 31, 2012. The foregoing gain is considered a bargain purchase gain under FASB ASC Topic 805, “Business Combinations,” since the total acquisition-date fair value of the identifiable net assets acquired exceeds the fair value of the consideration transferred. The Company recognized this gain as non-interest income in the Company’s consolidated statements of operations for the three and nine months ended September 30, 2012.

Acquisition costs related to the Acquisition of $797,000 were recognized under the line item “merger, reorganization and acquisition related expense” in the Company’s consolidated statements of operations for the three and nine months ended September 30, 2012.

As of the Closing Date, the Bank acquired assets with a fair value of approximately $79 million and assumed liabilities with a fair value of approximately $78 million. The following table sets forth the fair values of the assets acquired and liabilities assumed by the Bank as of July 20, 2012:

(dollars in thousands)	July 20, 2012
Assets Acquired:
Cash and due from banks	$	8,281
Interest earning balances due from banks		9,383
Total cash and cash equivalents		17,664
Securities available-for-sale		1,761
Federal Home Loan Bank stock		154
Loans		38,807
Other real estate owned		3,149
Core deposit intangible		101
Receivable from FDIC		17,152
Interest receivable and other assets		244
Total assets acquired	$	79,032
Liabilities Assumed:
Noninterest-bearing demand deposits	$	16,546
Interest-bearing liabilities:
Money market		23,542
NOW		7,270
Savings		4,526
Certificates of deposit greater than $100,000		12,816
Certificates of deposit $100,000 or less		12,841
Total deposits		77,541
Other liabilities		878
Total liabilities assumed		78,419
Stockholders’ Equity:
Bargain purchase gain, net of deferred taxes		613
Total stockholders’ equity		613
Total liabilities and stockholders’ equity	$	79,032

See Notes to Consolidated Financial Statements.

The acquisition was accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations. Both the purchased assets and liabilities assumed are recorded at their respective acquisition date fair values. Determining the fair values of assets and liabilities, especially the loan portfolio and foreclosed real estate, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values become available for loans and other real estate owned due to pending real estate appraisals.

The more significant fair value adjustments in our purchase accounting for the Acquisition were to loans. As of July 20, 2012, certain of the loans acquired from Royal had evidence of credit deterioration since origination, and it was probable that we would not collect all contractually required principal and interest payments. Such loans identified at the time of the acquisition are accounted for under Accounting Standards Codification (“ASC”) 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310-30”). ASC 310-30 requires that acquired credit-impaired loans be recorded at fair value and prohibits carryover of the related allowance for loan losses.

Loans subject to ASC 310-30 were written down to an amount estimated to be collectible. Accordingly, such loans are not classified as nonaccrual, even though they may be contractually past due, because we expect to fully collect the new carrying values of such loans (that is, the new cost basis arising out of our purchase accounting). Loans subject to ASC 310-30 are also not included in the disclosure of loans 90 days or more past due and still accruing interest even though certain of them are 90 days or more contractually past due.

As noted above, ASC 310-30 loans were reclassified to accrual status in purchase accounting, and one effect of the elimination of nonaccrual loans is that, as certain non-ASC 310-30 loans begin to migrate to nonaccrual status, the percentage increase in nonaccrual loans can be higher because there are minimal loans transferring out of nonaccrual status. For further detail on the Acquisition, see Note 5 – Loans to the Financial Statements in this Report.

Loans acquired that do not have evidence of credit deterioration since origination are accounted for under ASC 310-20, Nonrefundable Fees and Other Costs (“ASC 310-20”). Interest is recognized using the simple-interest method.

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Loss Per Share (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average number of shares of common stock outstanding	14,060,143	13,402,644	14,060,143	9,904,399
Basic and diluted gain/(loss), per share	$ 0.04	$ (0.05)	$ 0.01	$ (0.24)

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Stock Options and Warrants (Tables)

9 Months Ended

Sep. 30, 2012

Activity of Outstanding Stock Options and Warrants

The table includes option and warrant activity of the Bank, before closing of the reorganization on September 25, 2012.

	For the Nine Months Ended September 30,
	2012					2011
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
STOCK OPTIONS:
Options outstanding, beginning of period		254,496		$	7.58		277,728		$	7.58
Options granted		—			—		—			—
Options exercised		—			—		—			—
Options repurchased		—			—		—			—
Options expired		(3,696	)		7.58		(23,232	)		7.58
Options outstanding, end of period		250,800		$	7.58		254,496		$	7.58
Exercisable at end of period		250,800		$	7.58		254,496		$	7.58
Weighted Average Remaining Contractual Term					5.53 years					6.55 years
STOCK WARRANTS:
Warrants outstanding, beginning of period		1,633,443		$	10.00		1,633,443		$	10.00
Warrants granted		—			—		—			—
Warrants exercised		—			—		—			—
Warrants repurchased		—			—		—			—
Warrants expired		—			—		—			—
Warrants outstanding, end of period		1,633,443		$	10.00		1,633,443		$	10.00
Exercisable at end of period		1,633,443		$	10.00		1,633,443		$	10.00
Weighted Average Remaining Contractual Term					4.98 years					5.98 years

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Securities - Additional Information (Detail) (USD $)	3 Months Ended
	Sep. 30, 2012 Investment	Sep. 30, 2011	Dec. 31, 2011 Investment	Sep. 30, 2012 State of Florida for Public Funds	Dec. 31, 2011 State of Florida for Public Funds	Sep. 30, 2012 Securities Sold under Agreements to Repurchase	Dec. 31, 2011 Securities Sold under Agreements to Repurchase	Sep. 30, 2012 US Government Agencies Debt Securities Small Business Administration ("SBA") Investment	Dec. 31, 2011 US Government Agencies Debt Securities Small Business Administration ("SBA") Investment	Sep. 30, 2012 Mortgage-backed securities Investment	Dec. 31, 2011 Mortgage-backed securities Investment	Oct. 16, 2012 Mortgage-backed securities Subsequent Event	Sep. 30, 2012 Corporate bonds Investment	Dec. 31, 2011 Corporate bonds Investment	Sep. 30, 2012 Corporate bonds Morgan Stanley Investment	Sep. 30, 2012 Corporate bonds Goldman Sachs' Investment	Dec. 31, 2011 Corporate bonds Goldman Sachs' Investment	Sep. 30, 2012 Corporate bonds Barclays Bank Plc Investment	Dec. 31, 2011 Corporate bonds Bank of America Investment	Dec. 31, 2011 Corporate bonds General Electric Capital Corp. Investment	Sep. 30, 2012 Taxable Municipal Bonds Investment	Dec. 31, 2011 Taxable Municipal Bonds Investment	Dec. 31, 2011 Agency collateralized mortgage obligations Floating Rate Investment	Dec. 31, 2011 Agency collateralized mortgage obligations Fixed Rate Investment	Dec. 31, 2011 Tax-free Municipal Bonds Investment
Schedule of Investments [Line Items]
Number of securities in unrealized loss positions	33		25					9	7	2	2		4	6							18	7	1	1	1
Number of securities in unrealized loss positions for more than twelve consecutive months								1		1					1	1	1	1	1	1
Percentage of unrealized loss								(0.16%)							(0.89%)	(1.68%)	(3.00%)	(0.70%)		(2.00%)
Number of securities in unrealized loss positions for less than twelve consecutive months								8	7	1				3							18
Available for sale securities fair value	$ 186,939,000		$ 130,649,000									$ 0
Net gains on securities	791,000	281,000
Securities pledged as collateral, carrying value				$ 64,300,000	$ 24,500,000	$ 48,300,000	$ 40,300,000

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Restrictions on Retained Earnings and Regulatory Matters

9 Months Ended

Sep. 30, 2012

Restrictions on Retained Earnings and Regulatory Matters

NOTE 12. RESTRICTIONS ON RETAINED EARNINGS AND REGULATORY MATTERS

The Bank is subject to certain restrictions on the amount of dividends that may be declared without prior regulatory approval. At September 30, 2012, there were no retained earnings available for the payment of dividends.

The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, banks must meet specific capital guidelines that involve quantitative measures of the bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices.

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier I capital to risk-weighted assets, and of Tier I capital to average assets (as defined by FDIC regulations). The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Management believes that the Bank met all capital adequacy requirements to which it was subject at September 30, 2012.

At September 30, 2012, the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the Bank’s category.

The Company and the Bank’s actual capital amounts and ratios are also presented in the table below (dollars in thousands). The maximum amount of Tier II capital, contributed via the allowance for loan losses, is limited to 1.25% of gross risk weighted assets. This limitation, where applicable, is reflected in the total capital amounts listed below.

	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action  Provisions
TGR Financial, Inc.
As of September 30, 2012:
Total capital (to risk weighted assets):	$	64,820	18.69	%	$	27,751	8.00	%	$	34,689	10.00	%
Tier I capital (to risk weighted assets):		60,478	17.43			13,875	4.00			20,813	6.00
Tier I capital (to average assets):		60,478	10.92			22,149	4.00			27,687	5.00
First National Bank of the Gulf Coast
As of September 30, 2012:
Total capital (to risk weighted assets):	$	63,459	18.40	%	$	27,589	8.00	%	$	34,486	10.00	%
Tier I capital (to risk weighted assets):		59,143	17.15			13,794	4.00			20,691	6.00
Tier I capital (to average assets):		59,143	10.68			22,145	4.00			27,681	5.00
First National Bank of the Gulf Coast
As of December 31, 2011:
Total capital (to risk weighted assets):	$	61,205	27.75	%	$	17,645	8.00	%	$	22,056	10.00	%
Tier I capital (to risk weighted assets):		58,444	26.50			8,822	4.00			13,234	6.00
Tier I capital (to average assets):		58,444	15.74			14,854	4.00			18,568	5.00

The Bank is additionally required to maintain reserve requirements based on its specified deposit liabilities with the Federal Reserve Bank. The reserve requirements can be satisfied in the form of vault cash or average deposit balances with the Federal Reserve Bank.

Operating Agreement with the Office of the Comptroller of the Currency

The Bank was previously subject to the terms of an Operating Agreement between the Bank and the OCC, executed on October 26, 2009. In a letter dated September 13, 2012, the OCC indicated that the Bank had met all the requirements pursuant to the Operating Agreement. The letter further stated the primary purpose of the Operating Agreement was to ensure that the Bank operate in a safe and sound manner, in accordance with all applicable laws, rules and regulations, to address the high level of liquidity risk and the need to maintain satisfactory capital levels. The OCC indicated the Bank had adopted, implemented and adhered to all the provisions of the Operating Agreement and therefore, pursuant to Article VII, paragraph (4), the OCC has terminated the Operating Agreement effective October 8, 2012.