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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:    
Net earnings (loss) $ (9,385) $ 1,678
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Provision for loan losses 8,488 2,623
Provision for losses on loans receivable held-for-sale 728 1,103
Provision for losses on REO 2,033 780
Depreciation 306 320
Net amortization of deferred loan origination (fees) costs 3 6
Net amortization of premiums on mortgage-backed securities 78 148
Stock-based compensation expense 66 103
Earnings on bank owned life insurance (66) (82)
Net losses on sales of REO 56 88
Net losses on sales of loans 88 136
Net change in:    
Accrued interest receivable 457 (92)
Deferred tax assets 2,466 (131)
Other assets (1,388) 2,220
Other liabilities 1,377 (320)
Net cash provided by operating activities 5,307 8,580
Cash flows from investing activities:    
Net change in loans receivable 24,413 7,234
Proceeds from sales and principal repayments of loans receivable held-for-sale 15,661 3,841
Available-for-sale securities:    
Maturities, prepayments and calls 1,898 3,586
Held-to-maturity securities:    
Maturities, prepayments and calls 1,733 2,766
Proceeds from sales of REO 3,712 2,455
Investment in affordable housing limited partnership (417) (359)
Redemption of FHLB stock   106
Additions to office properties and equipment (33) (115)
Net cash provided by investing activities 46,967 19,514
Cash flows from financing activities:    
Net change in deposits (53,595) (14,635)
Proceeds from FHLB advances 7,000  
Repayments on FHLB advances (7,000) (3,600)
Net increase in other borrowings   5,000
Cash dividends paid   (527)
Reissuance of treasury stock 6 6
Net change in advance payments by borrowers for taxes and insurance 312 379
Net cash used in financing activities (53,277) (13,377)
Net change in cash and cash equivalents (1,003) 14,717
Cash and cash equivalents at beginning of period 21,978 7,440
Cash and cash equivalents at end of period 20,975 22,157
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,661 7,145
Cash paid for income taxes 980  
Supplemental disclosures of non-cash investing and financing activities:    
Transfers of loans receivable to REO 7,691 4,404
Transfers of loans receivable held-for-sale to REO 266 344
Transfers of loans receivable from loans receivable, net to loans receivable held-for-sale $ 2,544 $ 1,422