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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 3,390 $ 2,845
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 615 940
Depreciation, amortization and accretion, net 1,463 1,320
Stock-based compensation expense 55 13
Gains on investment securities, net (384) (181)
Other-than-temporary impairment losses recognized in earnings 0 185
(Gains) losses on sales of other real property owned, net (3) (21)
Loss on write down of fixed assets 1 0
Gains on sale of loans held for sale, net (239) (118)
Origination of loans held for sale (17,934) (10,835)
Proceeds from sale of loans held for sale 18,415 10,505
(Increase) decrease in other assets (1,762) 67
Increase (decrease) in other liabilities 1,609 2,129
Net cash provided by operating activities 5,226 6,849
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit investments 2,428 2,179
Purchases of certificates of deposit investments (1,241) (2,179)
Proceeds from sales of securities available-for-sale 11,114 5,606
Proceeds from maturities of securities available-for-sale 82,122 19,578
Purchases of securities available-for-sale (97,129) (68,767)
Net (increase) decrease in loans 18,555 9,250
Purchases of premises and equipment (397) (401)
Proceeds from sales of other real property owned 1,509 357
Net cash provided by (used in) investing activities 16,961 (34,377)
Cash flows from financing activities:    
Net increase (decrease) in deposits 62,893 3,655
(Decrease) Increase in repurchase agreements (23,337) 613
Repayment of long term FHLB advances (10,000) (3,000)
Proceeds from issuance of common stock 338 51
Proceeds from issuance of preferred stock 0 13,760
Purchase of treasury stock (617) (382)
Dividends paid on common stock (948) (850)
Net cash provided by financing activities 28,329 13,847
Increase (decrease) in cash and cash equivalents 50,516 (13,681)
Cash and cash equivalents at end of period 73,102 231,493
Cash and cash equivalents at end of period 123,618 217,812
Cash paid during the period for:    
Interest 1,931 2,393
Income taxes 2,116 0
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate owned 195 135
Dividends reinvested in common stock 312 301
Net tax benefit related to option and deferred compensation plans $ 58 $ 19