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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities:    
Net income $ 4,058 $ 2,737 [1]
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation 289 253 [1]
Amortization of core deposit intangible 458 460 [1]
Other amortization , net 114 (23) [1]
Accretion of loan discount (2,360) (1,745) [1]
(Increase) decrease in FDIC indemnification asset 239 (73) [1]
Provision for loan losses 2,775 3,590 [1]
Earnings on bank-owned life insurance (500) (1,067) [1]
Stock based compensation expense 97 73 [1]
Bargain purchase gain on acquisition (3,484)    [1]
Net loss on sale of available for sale securities 13    [1]
Gain on sale of loans (657)    [1]
Impairment on securities 237 70 [1]
Net loss on other real estate owned 2,400 147 [1]
Net (increase) decrease in other assets 204 (643) [1]
Net increase in other liabilities 72 300 [1]
Net cash and cash equivalents provided by operating activities 3,955 4,079 [1]
Investing activities:    
Purchases of securities available-for-sale (3,128)    [1]
Proceeds from sales of securities available for sale 14,414    [1]
Proceeds from paydowns, maturities and calls of securities available for sale 946 489 [1]
Purchases of securities held to maturity (5,000)    [1]
Proceeds from paydowns, maturities and calls of securities held to maturity 5,375 5,056 [1]
Loan originations and payments, net 3,020 (24,923) [1]
Proceeds from sale of HarVest loans 7,568    [1]
Proceeds from sale of SBA loans 5,713    [1]
Net cash received in HarVest acquisition 47,257    [1]
Net decrease in stock in Federal Reserve Bank and Federal Home Loan Bank 1,790 378 [1]
Proceeds from cash surrender value of bank-owned life insurance 395    [1]
Proceeds from sale of other real estate owned 1,107 771 [1]
Payments received on FDIC indemnification asset 89 799 [1]
Purchases of bank premises and equipment (72) (285) [1]
Net cash and cash equivalents provided by (used in) investing activities 79,474 (17,715) [1]
Financing activities:    
Net increase (decrease) in deposits (57,577) 3,017 [1]
Cash dividends paid - common stock (349)    [1]
Proceeds from Federal Home Loan Bank advances   8,500 [1]
Repayment of Federal Home Loan Bank advances (16,488)    [1]
Net increase (decrease) in securities sold under agreement to repurchase and other short-term borrowings 13,293 (3,940) [1]
Net cash and cash equivalents provided by (used in) financing activities (61,121) 7,577 [1]
Increase (decrease) in cash and cash equivalents 22,308 (6,059) [1]
Cash and cash equivalents at beginning of period 5,035 9,745 [1]
Cash and cash equivalents at end of period 27,343 3,686 [1]
Cash payments for:    
Interest 2,985 3,250 [1]
Income taxes 1,200 825 [1]
Supplemental schedule of noncash investing and financing activities    
Transfer from non-covered loans to other real estate owned 1,959 5,910 [1]
Transfer from covered loans to other real estate owned   $ 82 [1]
[1] As Restated