Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS:    
Cash and due from banks $ 11,508 $ 12,973
Interest bearing deposits 43,829 79,263
Total cash and cash equivalents 55,337 92,236
Securities available-for-sale 321,707 313,777
Securities held-to-maturity, fair value of $24 Dec (2011) 0 24
Total securities 321,707 313,801
Loans held for sale 49,146 56,016
Loans, net of unearned fees 526,423 691,253
Allowance for loan losses (17,824) (17,181)
Net loans 508,599 674,072
Federal Home Loan Bank stock 4,805 4,805
Cash surrender value of life insurance 9,971 9,702
Premises and equipment, net 21,445 29,694
Premises and equipment held for sale,net 5,979 946
Real estate owned:    
Acquired through foreclosure 28,649 29,083
Held for development 0 45
Other repossessed assets 24 42
Core deposit intangible 0 714
Accrued interest receivable 2,518 3,168
Accrued income taxes 2,825 3,517
Prepaid FDIC Insurance 0 1,302
Low-income housing investments 7,420 7,671
Other assets 1,681 1,964
TOTAL ASSETS 1,020,106 1,228,778
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-interest bearing 71,200 72,675
Non-interest bearing held for sale 7,563 4,954
Interest bearing 671,797 932,915
Interest bearing held for sale 180,657 112,250
Total deposits 931,217 1,122,794
Advances from Federal Home Loan Bank 12,631 27,736
Subordinated debentures 18,000 18,000
Accrued interest payable 2,783 1,817
Accrued TARP dividend 2,219 1,389
Accounts payable and other liabilities 5,261 3,579
TOTAL LIABILITIES 972,111 1,175,315
Commitments and contingent liabilities      
STOCKHOLDERS' EQUITY:    
Serial preferred stock, $1 par value per share; authorized 5,000,000 shares; issued and outstanding, 20,000 shares with a liquidation preference of $22.2 million at Sept (2012), and $21.4 million at Dec (2011) 19,930 19,889
Common stock, $1 par value per share; authorized 35,000,000 shares; issued and outstanding, 4,773,100 shares Sept (2012), and 4,749,415 shares Dec (2011) 4,773 4,749
Additional paid-in capital 35,671 35,450
Accumulated deficit (13,922) (7,951)
Accumulated other comprehensive income 1,543 1,326
TOTAL STOCKHOLDERS' EQUITY 47,995 53,463
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,020,106 $ 1,228,778