Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Changes In Stockholders' Equity

v2.4.0.6
Consolidated Statements Of Changes In Stockholders' Equity (USD $)
In Thousands, unless otherwise specified
Preferred Stock [Member]
Common Stock [Member]
Surplus
Retained Earnings [Member]
Warrant [Member]
Discount On Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Comprehensive Income (Loss) [Member]
Total
Balance at Dec. 31, 2008 $ 590 $ 18,055 $ 101,719 $ 155,140 $ 2,808 $ (2,790) $ (1,724)   $ 273,798
Comprehensive income:                  
Net income       8,360       8,360 8,360
Unrealized holding gains arising during the period, net of tax               6,273  
Reclassification adjustment for gains included in net income, net of tax               (106)  
Other comprehensive income (loss), net of tax             6,167 6,167 6,167
Total comprehensive income               14,527  
Cash dividends on common stock       (4,372)         (4,372)
Tax benefit from exercise of stock awards     4           4
Repurchase of preferred stock (590)   (57,439) (971)         (59,000)
Issuance costs of preferred stock     (67)           (67)
Dividends on preferred stock       (2,696)         (2,696)
Accretion of discount on preferred stock       (414)   2,790     2,376
Repurchase of warrant         (2,808)       (2,808)
Issuance of Common Stock   6,284 52,644           58,928
Issuance of common stock under Dividend Reinvestment Plan   43 402           445
Issuance of common stock under Stock Incentive Plan   2 15           17
Issuance/ Vesting of restricted stock under Stock Incentive Plan   20 (20)            
Stock-based compensation expense     420           420
Balance at Dec. 31, 2009   24,462 98,136 155,047     4,443   282,088
Comprehensive income:                  
Net income       22,922       22,922 22,922
Change in fair value of interest rate swap (cash flow hedge)               (1,476) (1,476)
Unrealized holding gains arising during the period, net of tax               642  
Reclassification adjustment for gains included in net income, net of tax               (38)  
Other comprehensive income (loss), net of tax             (872) (872) (872)
Total comprehensive income               22,050  
Cash dividends on common stock       (6,484)         (6,484)
Tax benefit from exercise of stock awards     7           7
Issuance of of preferred stock 35,595         (1,403)     34,192
Dividends on preferred stock       (1,458)         (1,458)
Accretion of discount on preferred stock       (226)   226      
Issuance of Common Stock   9,945 86,022           95,967
Issuance of common stock under Dividend Reinvestment Plan   25 323           348
Issuance of common stock under Stock Incentive Plan   10 51           61
Issuance/ Vesting of restricted stock under Stock Incentive Plan   33 (90)           (57)
Issuance of common stock for services rendered   57 536           593
Stock-based compensation expense     778           778
Balance at Dec. 31, 2010 35,595 34,532 185,763 169,801   (1,177) 3,571   428,085
Comprehensive income:                  
Net income       30,445       30,445 30,445
Change in fair value of interest rate swap (cash flow hedge)               (2,818) (2,818)
Unrealized holding gains arising during the period, net of tax               9,231  
Reclassification adjustment for gains included in net income, net of tax               (334)  
Other comprehensive income (loss), net of tax             6,079 6,079 6,079
Total comprehensive income               36,524  
Cash dividends on common stock       (7,284)         (7,284)
Tax benefit from exercise of stock awards     15           15
Repurchase of preferred stock (35,595)               (35,595)
Dividends on preferred stock       (1,961)         (1,961)
Accretion of discount on preferred stock       (1,177)   1,177      
Issuance of common stock under Dividend Reinvestment Plan   16 361           377
Issuance of common stock under Stock Incentive Plan   39 158           197
Issuance/ Vesting of restricted stock under Stock Incentive Plan   23 (23)            
Issuance of common stock for services rendered   62 502           564
Stock-based compensation expense     717           717
Balance at Dec. 31, 2011   $ 34,672 $ 187,493 $ 189,824     $ 9,650   $ 421,639