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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Cash and cash equivalents:    
Cash and due from banks $ 19,037,000 $ 18,758,000
Federal funds sold 53,375,000 40,210,000
Total cash and cash equivalents 72,412,000 58,968,000
Time deposits at other financial institutions 1,960,000 1,959,000
Investment securities available-for-sale, at fair value 305,378,000 312,205,000
Investment securities held-to-maturity, at amortized cost 6,000 6,000
Loans 455,257,000 456,215,000
Less: Allowance for loan losses (11,732,000) (12,656,000)
Net loans 443,525,000 443,559,000
Premises and equipment, net 9,362,000 8,661,000
Accrued interest receivable 2,370,000 2,557,000
Other real estate owned 15,648,000 20,106,000
FHLB and FRB stock and other nonmarketable securities 8,313,000 8,044,000
Bank-owned life insurance policies 35,513,000 34,972,000
Core deposit intangibles, net 328,000 401,000
Other assets 13,296,000 13,528,000
TOTAL ASSETS 908,111,000 904,966,000
LIABILITIES:    
Noninterest-bearing 163,446,000 167,506,000
Interest-bearing 599,825,000 598,733,000
Total deposits 763,271,000 766,239,000
Accrued interest payable and other liabilities 19,862,000 17,301,000
Subordinated debentures 31,961,000 31,961,000
Total liabilities 815,094,000 815,501,000
STOCKHOLDERS EQUITY:    
Preferred stock, no par value: authorized 5,000,000 shares; no shares outstanding at June 30, 2012 and December 31, 2011 0 0
Common stock, no par value: authorized 60,000,000 shares; outstanding 6,833,752 at June 30, 2012 and December 31, 2011, respectively 98,374,000 98,285,000
Accumulated deficit (8,549,000) (10,290,000)
Accumulated other comprehensive income, net of tax 3,192,000 1,470,000
Total stockholders equity 93,017,000 89,465,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 908,111,000 $ 904,966,000