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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 6,869 $ 5,423
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,031 1,856
Depreciation, amortization and accretion, net 2,751 2,605
Stock-based compensation expense 111 26
Gains on investment securities, net (823) (377)
Other-than-temporary impairment losses recognized in earnings 0 246
Losses on sales of other real property owned, net 156 345
Loss on write down of fixed assets 11 1
Gains on sale of loans held for sale, net (527) (239)
Origination of loans held for sale (37,885) (20,047)
Proceeds from sale of loans held for sale 37,973 19,146
Decrease in accrued interest receivable 983 563
Decrease in accrued interest payable (88) (132)
Increase in other assets (459) (1,691)
Increase (decrease) in other liabilities (986) 2,393
Net cash provided by operating activities 9,117 10,118
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit investments 6,416 4,018
Purchases of certificates of deposit investments (4,922) (6,167)
Proceeds from sales of securities available-for-sale 27,622 11,140
Proceeds from maturities of securities available-for-sale 147,636 60,951
Purchases of securities available-for-sale (205,549) (141,766)
Net decrease in loans 13,892 3,675
Purchases of premises and equipment (893) (896)
Proceeds from sales of other real property owned 2,200 1,820
Net cash used in investing activities (13,598) (67,225)
Cash flows from financing activities:    
Net increase in deposits 63,066 4,352
(Decrease) Increase in repurchase agreements (14,350) 17,256
Repayment of long term FHLB advances (10,000) (3,000)
Repayment of debt-ST (8,250) 0
Proceeds from issuance of common stock 545 254
Proceeds from issuance of preferred stock 8,250 19,250
Purchase of treasury stock (911) (1,379)
Dividends paid on common stock (1,894) (1,697)
Dividends paid on preferred stock (1,766) (1,074)
Net cash provided by financing activities 34,690 33,962
Increase (decrease) in cash and cash equivalents 30,209 (23,145)
Cash and cash equivalents at beginning of period 73,102 231,493
Cash and cash equivalents at end of period $ 103,311 $ 208,348