2012 Q4 Form 10-Q Financial Statement

#000114420412060720 Filed on November 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $8.522M $9.237M
YoY Change -7.74%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $390.0K $280.0K $260.0K
YoY Change 50.0% 7.69% 4.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.476M $2.340M
YoY Change -36.92%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.470M $3.356M $3.309M
YoY Change -12.1% 1.42% 3.41%
Income Tax $300.0K $592.0K $632.0K
% Of Pretax Income 12.15% 17.64% 19.1%
Net Earnings $2.170M $2.764M $2.677M
YoY Change -0.91% 3.25% 7.51%
Net Earnings / Revenue 32.43% 28.98%
Basic Earnings Per Share $0.51 $0.49
Diluted Earnings Per Share $391.0K $0.51 $0.49
COMMON SHARES
Basic Shares Outstanding 5.470M
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $20.92M $10.72M $21.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $19.36M $18.03M $12.20M
YoY Change 52.17% 47.76% 2.52%
Goodwill $19.13M $19.13M
YoY Change 0.0%
Intangibles $668.0K $739.0K
YoY Change -29.76%
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $820.0M $812.8M $824.8M
YoY Change 0.17% -1.45% 1.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.900M $3.000M $2.900M
YoY Change 0.0% 3.45% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $55.07M $16.76M $22.30M
YoY Change 78.32% -24.83% -3.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.900M $3.000M $2.900M
YoY Change 0.0% 3.45% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.300M $10.00M $4.300M
YoY Change 76.67% 132.56% 168.75%
Total Long-Term Liabilities $5.300M $10.00M $4.300M
YoY Change 76.67% 132.56% 168.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.900M $3.000M $2.900M
Total Long-Term Liabilities $5.300M $10.00M $4.300M
Total Liabilities $716.6M $710.6M $732.8M
YoY Change -1.22% -3.03% 0.58%
SHAREHOLDERS EQUITY
Retained Earnings $54.53M $53.78M
YoY Change 9.34%
Common Stock $42.16M $41.94M
YoY Change 1.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.890M $5.934M
YoY Change -2.95%
Treasury Stock Shares 237.2K shares $238.5K
Shareholders Equity $103.3M $102.3M $92.00M
YoY Change
Total Liabilities & Shareholders Equity $820.0M $812.8M $824.8M
YoY Change 0.17% -1.45% 1.17%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $2.170M $2.764M $2.677M
YoY Change -0.91% 3.25% 7.51%
Depreciation, Depletion And Amortization $390.0K $280.0K $260.0K
YoY Change 50.0% 7.69% 4.0%
Cash From Operating Activities $1.790M $1.640M $3.260M
YoY Change -70.85% -49.69% -48.42%
INVESTING ACTIVITIES
Capital Expenditures -$1.610M -$1.930M -$340.0K
YoY Change 106.41% 467.65% -29.17%
Acquisitions
YoY Change
Other Investing Activities $300.0K $3.740M $1.870M
YoY Change -103.38% 100.0% -106.11%
Cash From Investing Activities -$1.310M $1.800M $1.520M
YoY Change -86.44% 18.42% -104.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.720M -4.150M 6.600M
YoY Change -233.15% -162.88% -4.07%
NET CHANGE
Cash From Operating Activities 1.790M 1.640M 3.260M
Cash From Investing Activities -1.310M 1.800M 1.520M
Cash From Financing Activities 9.720M -4.150M 6.600M
Net Change In Cash 10.20M -710.0K 11.38M
YoY Change -194.27% -106.24% -163.65%
FREE CASH FLOW
Cash From Operating Activities $1.790M $1.640M $3.260M
Capital Expenditures -$1.610M -$1.930M -$340.0K
Free Cash Flow $3.400M $3.570M $3.600M
YoY Change -50.87% -0.83% -47.06%

Facts In Submission

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FinancingReceivableRecordedInvestmentNonaccrualStatus
4968000 USD
CY2012Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
5856000 USD
CY2011Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
4351000 USD
CY2012Q3 us-gaap Foreclosed Assets
ForeclosedAssets
534000 USD
CY2011Q4 us-gaap Foreclosed Assets
ForeclosedAssets
780000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1484000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
143000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
738000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
211000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1484000 USD
CY2012Q3 us-gaap Held To Maturity Securities Fair Value Disclosure
HeldToMaturitySecuritiesFairValueDisclosure
2632000 USD
CY2011Q4 us-gaap Held To Maturity Securities Fair Value Disclosure
HeldToMaturitySecuritiesFairValueDisclosure
2666000 USD
CY2012Q3 us-gaap Held To Maturity Securities Pledged As Collateral
HeldToMaturitySecuritiesPledgedAsCollateral
1118000 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
477000 USD
CY2011Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
218000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
143000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
738000 USD
CY2012Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
332000 USD
CY2011Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
117000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
211000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-195000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-137000 USD
CY2012Q3 us-gaap Goodwill
Goodwill
19133000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
19133000 USD
CY2012Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
2585000 USD
CY2011Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
2605000 USD
CY2012Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
2632000 USD
CY2011Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
2666000 USD
CY2011Q4 us-gaap Held To Maturity Securities Pledged As Collateral
HeldToMaturitySecuritiesPledgedAsCollateral
2138000 USD
CY2012Q3 us-gaap Heldtomaturity Securities Unrecognized Holding Gain
HeldtomaturitySecuritiesUnrecognizedHoldingGain
47000 USD
CY2011Q4 us-gaap Heldtomaturity Securities Unrecognized Holding Gain
HeldtomaturitySecuritiesUnrecognizedHoldingGain
61000 USD
CY2012Q3 us-gaap Held To Maturity Securities Unrecognized Holding Loss
HeldToMaturitySecuritiesUnrecognizedHoldingLoss
0 USD
CY2011Q4 us-gaap Held To Maturity Securities Unrecognized Holding Loss
HeldToMaturitySecuritiesUnrecognizedHoldingLoss
0 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
4594000 USD
CY2011 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
5851000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
20000 USD
CY2011 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
54000 USD
CY2012Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
3347000 USD
CY2011Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
4188000 USD
CY2012Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
548000 USD
CY2011Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
947000 USD
CY2012Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
4524000 USD
CY2011Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
5718000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9707000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3356000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3309000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9653000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1726000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1572000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1709000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
592000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
632000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1937000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-156000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-315000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
5883000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
6912000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
327000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
218000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-408000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-260000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-325000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-520000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
800000 USD
CY2012Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
277000 USD
CY2011Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
266000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
743000 USD
CY2012Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
739000 USD
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
951000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
26290000 USD
CY2012Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8522000 USD
CY2011Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9237000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
27914000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
9456000 USD
CY2012Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
2987000 USD
CY2011Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
3388000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
10338000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
16833000 USD
CY2012Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5534000 USD
CY2011Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5848000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
1476000 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
2340000 USD
us-gaap Interest Expense
InterestExpense
7319000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3528000 USD
CY2012Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1065000 USD
CY2011Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1657000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
5263000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1482000 USD
CY2012Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
382000 USD
CY2011Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
647000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1927000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
88000 USD
CY2012Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
29000 USD
CY2011Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
36000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
129000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1000 USD
CY2012Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1000 USD
CY2011Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
0 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
3000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
19992000 USD
CY2012Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6646000 USD
CY2011Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
548860000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
17572000 USD
CY2012Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
544207000 USD
CY2012Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
4040000 USD
CY2011Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1776000 USD
us-gaap Interest Expense
InterestExpense
5098000 USD
CY2011Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6397000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
19495000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21192000 USD
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7046000 USD
CY2011Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6897000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
20595000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
0 USD
CY2012Q3 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
0 USD
CY2011Q3 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
1000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
1000 USD
us-gaap Interest Paid
InterestPaid
5355000 USD
us-gaap Interest Paid
InterestPaid
7484000 USD
CY2012Q3 us-gaap Interest Receivable
InterestReceivable
4219000 USD
CY2011Q4 us-gaap Interest Receivable
InterestReceivable
4375000 USD
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
913000 USD
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
760000 USD
us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
676000 USD
us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
860000 USD
CY2012Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1346000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1484000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7794000 USD
CY2012Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2602000 USD
CY2011Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2394000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7027000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
710567000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
725454000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
812828000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
818546000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5905000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5929000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Consumer Installment And Revolving
LoansAndLeasesReceivableConsumerInstallmentAndRevolving
6651000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Consumer Installment And Revolving
LoansAndLeasesReceivableConsumerInstallmentAndRevolving
7429000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
141868000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
129362000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-325000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-307000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
430854000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
416019000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
181000 USD
CY2011 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
288000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
3347000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
4188000 USD
CY2011 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
342000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
430977000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
415995000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
425072000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
410066000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Other
LoansAndLeasesReceivableOther
31601000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Other
LoansAndLeasesReceivableOther
19779000 USD
us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
201000 USD
CY2012Q3 us-gaap Loans Receivable Commercial Financial And Agricultural
LoansReceivableCommercialFinancialAndAgricultural
23730000 USD
CY2011Q4 us-gaap Loans Receivable Commercial Financial And Agricultural
LoansReceivableCommercialFinancialAndAgricultural
21448000 USD
CY2012Q3 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
225100000 USD
CY2011Q4 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
236645000 USD
CY2012Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
425579000 USD
CY2011Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
410033000 USD
CY2012Q3 us-gaap Loans Receivable Held For Sale Net
LoansReceivableHeldForSaleNet
1904000 USD
CY2011Q4 us-gaap Loans Receivable Held For Sale Net
LoansReceivableHeldForSaleNet
1356000 USD
CY2012Q3 us-gaap Long Term Debt
LongTermDebt
50540000 USD
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
64339000 USD
CY2012Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
54083000 USD
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
69055000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25602000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7333000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
19984000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9088000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6156000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10848000 USD
us-gaap Net Income Loss
NetIncomeLoss
7998000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
2764000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
2677000 USD
us-gaap Net Income Loss
NetIncomeLoss
7716000 USD
CY2012Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
86025000 USD
CY2011Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
75489000 USD
us-gaap Noninterest Expense
NoninterestExpense
15568000 USD
CY2012Q3 us-gaap Noninterest Expense
NoninterestExpense
5176000 USD
CY2011Q3 us-gaap Noninterest Expense
NoninterestExpense
4431000 USD
us-gaap Noninterest Expense
NoninterestExpense
13207000 USD
us-gaap Noninterest Income
NoninterestIncome
5283000 USD
CY2012Q3 us-gaap Noninterest Income
NoninterestIncome
1886000 USD
CY2011Q3 us-gaap Noninterest Income
NoninterestIncome
1343000 USD
us-gaap Noninterest Income
NoninterestIncome
3365000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
339000 USD
CY2012Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
153000 USD
CY2011Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
95000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
341000 USD
CY2012Q3 us-gaap Notes Receivable Net
NotesReceivableNet
430977000 USD
CY2011Q4 us-gaap Notes Receivable Net
NotesReceivableNet
415995000 USD
us-gaap Occupancy Net
OccupancyNet
1072000 USD
CY2012Q3 us-gaap Occupancy Net
OccupancyNet
398000 USD
CY2011Q3 us-gaap Occupancy Net
OccupancyNet
335000 USD
us-gaap Occupancy Net
OccupancyNet
1015000 USD
CY2012Q3 us-gaap Other Assets
OtherAssets
1984000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
1633000 USD
CY2012Q3 us-gaap Other Assets Held For Sale
OtherAssetsHeldForSale
534000 USD
CY2011Q4 us-gaap Other Assets Held For Sale
OtherAssetsHeldForSale
780000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
7167000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
2611000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
9494000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
13805000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4715000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1714000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
6278000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
9126000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-1484000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-477000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-218000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-143000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
8651000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
3088000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
4679000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
15007000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
3632000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
3879000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
3920000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
25473000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
9712000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
13948000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2452000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
897000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
3216000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
212000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
217000 USD
CY2012Q3 us-gaap Other Liabilities
OtherLiabilities
5697000 USD
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
677000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2845000 USD
CY2012Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1089000 USD
CY2011Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
665000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2178000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
24499000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
12756000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
87501000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5795000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1047000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
206000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
0 USD
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
2.0
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
2.0
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1102000 USD
CY2011Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1427000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Reclassifications</strong></p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Corporation reclassified certain immaterial amounts in the Consolidated Statements of Income. Such reclassifications have no effect on the Corporation&#39;s consolidated financial condition or net income.</p> <!--EndFragment--></div> </div>
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
27894000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
26229000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
14000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2048000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-14118000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1372000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
36737000 USD
CY2012Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
9829000 USD
CY2011Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
9435000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
53564000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
852000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
348000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
23301000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
14270000 USD
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
968000 USD
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
903000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
246000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
14000 USD
us-gaap Professional Fees
ProfessionalFees
514000 USD
CY2012Q3 us-gaap Professional Fees
ProfessionalFees
174000 USD
CY2011Q3 us-gaap Professional Fees
ProfessionalFees
197000 USD
us-gaap Professional Fees
ProfessionalFees
523000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18027000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12725000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1200000 USD
CY2012Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
400000 USD
CY2011Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
500000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1100000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1200000 USD
CY2011 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1900000 USD
us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
138000 USD
us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
88000 USD
us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
277000 USD
us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
160000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
23799000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2045000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
53782000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
49872000 USD
CY2012Q3 us-gaap Security Owned And Pledged As Collateral Associated Liabilities Fair Value
SecurityOwnedAndPledgedAsCollateralAssociatedLiabilitiesFairValue
99800000 USD
CY2011Q4 us-gaap Security Owned And Pledged As Collateral Associated Liabilities Fair Value
SecurityOwnedAndPledgedAsCollateralAssociatedLiabilitiesFairValue
106647000 USD
CY2012Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
459000 USD
CY2011Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
421000 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13603
CY2012Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
16764000 USD
CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
30882000 USD
CY2012Q3 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
16764000 USD
CY2011Q4 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
30882000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
102261000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
93092000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
79060000 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
91996000 USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
19628
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4028
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
815
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
479000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
65000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
14000 USD
us-gaap Taxes Other
TaxesOther
564000 USD
CY2012Q3 us-gaap Taxes Other
TaxesOther
193000 USD
CY2011Q3 us-gaap Taxes Other
TaxesOther
227000 USD
us-gaap Taxes Other
TaxesOther
548000 USD
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
238489
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
242517
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
5934000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6069000 USD
us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Use of Estimates</strong></p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of these consolidated financial statements and the reported amounts of income and expenses during the reporting periods. Actual results could significantly differ from those estimates.</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Material estimates that are particularly susceptible to significant changes include the assessment for impairment of certain investment securities, the allowance for loan losses, deferred tax assets and liabilities, impairment of goodwill and other intangible assets and foreclosed assets held for resale. Assumptions and factors used in the estimates are evaluated on an annual basis or whenever events or changes in circumstance indicate that the previous assumptions and factors have changed. The result of the analysis could result in adjustments to the estimates.</p> <!--EndFragment--></div> </div>

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0001144204-12-060720.txt Edgar Link pending
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