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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 7,750 $ 13,221
Interest bearing deposits with banks 90,108 217,734
Cash and cash equivalents 97,858 230,955
Investment securities available for sale, at fair value 192,529 174,323
Investment securities held to maturity, at amortized cost (fair value of $69 and $144, respectively) 66 140
Restricted stock, at cost 4,369 5,321
Loans held for sale 1,089 925
Loans receivable (net of allowance for loan losses of $9,798 and $12,050, respectively) 613,380 577,442
Premises and equipment, net 22,415 23,507
Other real estate owned, net 7,312 6,479
Accrued interest receivable 3,149 3,003
Bank owned life insurance 10,472 10,417
Other assets 14,351 14,841
Total Assets 966,990 1,047,353
Liabilities    
Deposits: Demand - non-interest bearing 145,493 226,287
Deposits: Demand - interest bearing 173,010 109,242
Deposits: Money market and savings 417,506 400,141
Deposits: Time deposits 132,184 216,941
Total Deposits 868,193 952,611
Accrued interest payable 646 1,049
Other liabilities 6,731 6,366
Subordinated debt 22,476 22,476
Total Liabilities 898,046 982,502
Shareholders' Equity    
Preferred stock, par value $0.01 per share: 10,000,000 shares authorized; no shares issued as of September 30, 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 September 30, 2012 and December 31, 2011 265 265
Additional paid in capital 106,673 106,383
Accumulated deficit (35,132) (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) 1,046 (47)
Total Shareholders' Equity 68,944 64,851
Total Liabilities and Shareholders' Equity $ 966,990 $ 1,047,353