v2.4.0.6

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Assets
Cash and due from banks	$ 1,008	$ 1,159
Interest-bearing deposits with banks	874	1,062
Cash and cash equivalents	1,882	2,221
Intangible assets, net	227	235
Other assets	1,308	1,324
Equity method investment in Capital Bank, NA	202,872	200,843
Total assets	206,289	204,623
Liabilities
Long-term borrowings	23,250	23,176
Deferred income tax liability	3,615	3,641
Other liabilities	557	428
Total liabilities	27,422	27,245
Shareholders' Equity
Preferred stock-$.10 par value: 5,000 shares authorized, 0 shares issued and outstanding
Common stock - $.10 par value: 50,000 shares authorized, 12,350 shares issued and outstanding	1,235	1,235
Additional paid in capital	170,801	170,801
Retained earnings	5,365	3,360
Accumulated other comprehensive income	1,466	1,982
Total shareholders' equity	178,867	177,378
Total Liabilities and Shareholders' Equity	$ 206,289	$ 204,623

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

TIB FINANCIAL CORP. 10-Q