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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 8,627 $ 13,221
Interest bearing deposits with banks 109,604 217,734
Cash and cash equivalents 118,231 230,955
Investment securities available for sale, at fair value 182,805 174,323
Investment securities held to maturity, at amortized cost (fair value of $143 and $144, respectively) 140 140
Restricted stock, at cost 5,062 5,321
Loans held for sale 1,875 925
Loans receivable (net of allowance for loan losses of $10,756 and $12,050, respectively) 592,506 577,442
Premises and equipment, net 23,131 23,507
Other real estate owned, net 6,135 6,479
Accrued interest receivable 3,033 3,003
Bank owned life insurance 10,436 10,417
Other assets 14,934 14,841
Total Assets 958,288 1,047,353
Liabilities    
Deposits: Demand - non-interest bearing 128,935 226,287
Deposits: Demand - interest bearing 103,385 109,242
Deposits: Money market and savings 447,974 400,141
Deposits: Time deposits 177,080 216,941
Total Deposits 857,374 952,611
Short-term borrowings 4,516  
Accrued interest payable 960 1,049
Other liabilities 6,559 6,366
Subordinated debt 22,476 22,476
Total Liabilities 891,885 982,502
Shareholders' Equity    
Preferred stock, par value $0.01 per share: 10,000,000 shares authorized; no shares issued as of March 31, 2012 and December 31, 2011 0 0
Common stock, par value $0.01 per share: 50,000,000 shares authorized; shares issued 26,501,742 as of March 31, 2012 and December 31, 2011 265 265
Additional paid in capital 106,472 106,383
Accumulated deficit (36,537) (37,842)
Treasury stock at cost (416,303 shares) (3,099) (3,099)
Stock held by deferred compensation plan (809) (809)
Accumulated other comprehensive income (loss) 111 (47)
Total Shareholders' Equity 66,403 64,851
Total Liabilities and Shareholders' Equity $ 958,288 $ 1,047,353