| ASSETS |
| Cash and due from banks |
| Federal funds sold |
3.03M |
| Interest-bearing deposits |
| Total cash and cash equivalents |
65.54M |
| Interest-bearing certificates of deposit (original maturities greater than 90 days) |
1.5M |
| Investments: |
| Investment securities available-for-sale, at fair value |
320.58M |
| Investment securities held-to-maturity, at amortized cost (fair value of $29,615 at 12/31/2010, and $27,170 at 6/30/2010) |
| Investment securities - Community Reinvestment Act |
4.96M |
| Restricted equity securities |
3.08M |
| Total investments |
328.63M |
| Mortgage loans held-for-sale |
3.21M |
| Loans, net of deferred loan fees |
676.1M |
| Allowance for loan losses |
-19.17M |
| Loans, net |
656.93M |
| Premises and equipment, net of accumulated depreciation and amortization |
41.36M |
| Core deposit intangibles, net of amortization |
1.65M |
| Other real estate owned and foreclosed assets |
29.29M |
| Accrued interest and other assets |
29.44M |
| TOTAL ASSETS |
1.16B |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
| Demand |
275.62M |
| Interest-bearing demand and savings |
393.31M |
| Time deposits |
346.05M |
| Total deposits |
1.01B |
| Federal Home Loan Bank borrowings |
| Securities sold under agreements to repurchase |
7.04M |
| Junior subordinated debentures |
30.93M |
| Accrued interest and other liabilities |
23.55M |
| Total liabilities |
1.08B |
| COMMITMENTS AND CONTINGENCIES (Note 10) |
0 |
| SHAREHOLDERS' EQUITY |
| Preferred Stock, net of unamortized discount, no par value (liquidation preference $1,000 per share), 41,400 shares authorized, issued and outstanding (41,400 at 12/31/2010 and 6/30/2010) |
40.74M |
| Common stock - no par value; 150,000,000 shares authorized; 10,035,741 shares issued and outstanding (10,034,830 at 12/31/2010 and 10,034,830 at 6/30/2010) |
208.56M |
| Accumulated deficit |
-176.49M |
| Accumulated other comprehensive income |
8.24M |
| Total shareholders' equity |
81.05M |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
1.16B |
