Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

v2.4.0.6
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
In Thousands
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2008 $ 86,783   $ 5 $ 70,729 $ 15,087 $ 962
Sale of 340,000 shares in 2011 and 139,460 shares in 2009 3,479   1 3,478    
Other comprehensive income 611         611
Stock-based compensation expense 785     785    
Issuance of warrants related to subordinated notes payable 86     86    
Net income 5,878       5,878  
Ending Balance at Dec. 31, 2009 97,622   6 75,078 20,965 1,573
Exercise of stock options, including tax benefit 123     123    
Other comprehensive income 1,264         1,264
Stock-based compensation expense 713     713    
Net income 17,378       17,378  
Ending Balance at Dec. 31, 2010 117,100   6 75,914 38,343 2,837
Sale of 340,000 shares in 2011 and 139,460 shares in 2009 10,159     10,159    
Sale of 40,000 shares of preferred stock, net 39,958 39,958        
Preferred dividends paid (200)       (200)  
Exercise of stock options, including tax benefit 757     757    
Other comprehensive income 4,105         4,105
Stock-based compensation expense 975     975    
Net income 23,438       23,438  
Ending Balance at Dec. 31, 2011 $ 196,292 $ 39,958 $ 6 $ 87,805 $ 61,581 $ 6,942