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Note 14 - Shareholders' Equity
12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

14.     Shareholders’ Equity


Common Shares


At December 31, 2013, the Company had 75,000,000 authorized shares of common stock of which 12,784,605 were issued and outstanding. As of February 21, 2014 the Company has reserved a total of 583,155 shares for future issuance under various equity incentive plans.


For disclosure regarding actual and potential share issuances under the Company’s equity award plans, see Note 17, Equity-Based Compensation.


Accumulated Other Comprehensive Income (Loss)


The following table summarizes the components of accumulated other comprehensive income (loss), net of tax at the dates indicated (in thousands).


   

December 31,

 
   

2013

   

2012

   

2011

 

Net unrealized gain (loss) on investment securities available for sale

  $ (2,990 )   $ 1,491     $ 6,678  

Net unrealized defined benefit pension plan actuarial loss

    (7,303 )     (8,208 )     (9,048 )
 Total accumulated other comprehensive income (loss), net of tax   $ (10,293 )   $ (6,717 )   $ (2,370 )

Authorized Preferred Shares


The Company has authorized for issuance 2,500,000 shares of preferred stock with such preferences, limitations and relative rights within legal limits of the class, or one or more series within the class, as are set by the Board of Directors. To date, the Company has not issued any preferred shares.


Cash Dividends


Dividends from the Bank are the Company’s primary source of funds for payment of dividends to its common shareholders. The Bank is currently prohibited from paying dividends to the Company without the prior approval of the FDIC and the South Carolina State Board of Financial Institutions (the “State Board” and together with the FDIC, the “Supervisory Authorities”).