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Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 61 $ 1,444
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 724 664
Amortization of premium on investment securities, net 1,408 688
Provision for loan losses 5,203 4,780
Gain on sale of securities (884) (1,441)
Stock based compensation 11 20
Decrease in accrued interest receivable 736 320
Loss on sale of real estate and repossessions acquired in settlement of loans 26 390
Income from Bank owned life insurance (148) (148)
Originations of mortgage loans held for sale (29,425) (7,801)
Proceeds from sale of loans held for sale 32,117 6,217
Decrease (increase) in other assets 1,697 (178)
Increase (decrease) in accrued interest payable 17 (104)
Decrease in other liabilities, net (1,993) (916)
Net cash provided by operating activities 9,550 3,935
Cash flows from investing activities:    
Proceeds from sales of investment securities classified as available-for-sale 56,536 56,422
Proceeds from maturities of investment securities classified as available-for-sale 25,908 26,597
Purchases of investment securities classified as available-for-sale (104,492) (108,147)
Purchases of premises and equipment (828) (231)
Purchase of Federal Home Loan Bank common stock 539  
Proceeds from disposal of real estate and repossessions acquired in settlement of loans and real estate held for sale 1,449 1,963
Net loan repayments 17,953 1,622
Net cash used by investing activities (2,935) (21,774)
Cash flows from financing activities:    
Net increase in deposits 26,833 37,724
Net decrease in borrowings (4,798) (7,002)
Dividends paid to common shareholders (199) (718)
Dividends paid on preferred stock (448) (448)
Net proceeds from issuance of common stock   19
Net cash provided by financing activities 21,388 29,575
Increase in cash and cash equivalents 28,003 11,736
Cash and cash equivalents at beginning of period 20,166 [1] 17,811
Cash and cash equivalents at end of period 48,169 29,547
Cash paid during the period:    
Interest 5,240 6,061
Taxes   746
Supplemental disclosures of noncash financing and investing activities:    
Cash dividends declared but not paid   199
Unrealized gains on available-for-sale securities, net of deferred taxes 2,068 1,907
Transfer from loans to real estate and repossessions acquired in settlement of loans 3,989 1,952
Transfer from long-term to short-term borrowings 7,000 6,500
Transfer from investments to other assets   250
Transfer from real estate and repossessions acquired in settlement of loans to bank premises and equipment   $ 398
[1] Derived from audited consolidated financial statements.