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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net (loss) income $ (2,985) $ 644
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 108 120
Accretion of discounts on securities, net of amortization of premiums 352 185
Provision for loan losses 3,988 439
Deferred income taxes benefit (1,787)  
Income on Bank Owned Life Insurance 85 80
Net realized gain on securities (26) (43)
Net realized (gain) loss on sale of foreclosed assets   20
Changes in assets and liabilities:    
Accrued income (3) 51
Other Assets (713) (524)
Accrued interest payable 1 (24)
Other liabilities 490 456
Net cash (used) provided by operating activities (490) 1,404
Cash flows from investing activities    
Purchases of available for sale securities (33,182) (13,063)
Sales of available for sale securities 6,204 2,849
Maturities, calls and paydowns of available for sale securities 1,750 5,101
Purchases of held to maturity securities (371)  
Maturities, calls and paydowns of held to maturity securities 490 605
Call (purchase) of restricted equity securities (23) (27)
Proceeds from sale of foreclosed assets   210
Net decrease in loans 6,377 6,594
Net purchases (sales) of bank premises and equipment (10) 763
Net cash (used) provided by investing activities (18,765) 3,032
Cash flows from financing activities    
Net (decrease) increase in noninterest-bearing deposits (456) 96
Net increase (decrease) in interest-bearing deposits 14,482 (4,098)
Dividends Paid (154) (123)
Net cash provided (used) by financing activities 13,872 (4,125)
Net (decrease) increase in cash and cash equivalents (5,383) 311
Cash and cash equivalents, beginning 52,713 32,290
Cash and cash equivalents, ending 47,330 32,601
Supplemental disclosures of cash flow information    
Interest paid 1,583 1,561
Income taxes paid 90 296
Supplemental disclosures of noncash activities    
Other real estate acquired in settlement of loans $ 529