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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 13,926 $ 7,004 $ 3,771
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation and amortization 983 1,165 1,451
Provision for loan losses 2,448 5,076 4,597
Provision for deferred taxes 3,406 51 819
Stock-based compensation expense 35 51 77
Net other-than-temporary impairment losses 342 5,576 4,238
Net gains on sales of available-for-sale securities (3,976) (4,237) (4,729)
Net gains on sales of loans held for sale (251) (140) (5)
Net loans originated for sale (14,357) (8,347) (3,453)
Proceeds from sales of loans held for sale 13,923 8,154 3,458
Net loss on disposition of premises and equipment   427  
Net loss on sale of other real estate owned 5 207 905
Life insurance death benefit     (136)
Increase in cash surrender value of bank owned life insurance (1,038) (1,226) (1,020)
Net amortization of securities 4,012 2,979 793
(Increase) decrease in accrued interest receivable (2,085) (101) 121
Decrease in prepaid FDIC insurance assessment 1,698 1,792  
(Increase) decrease in other assets (402) 1,642 (1,732)
Decrease in other liabilities (585) (2,426) (480)
Net cash provided by operating activities 18,084 17,647 8,675
Cash flows from investing activities:      
Investment securities available-for-sale: Purchases (400,644) (791,156) (785,044)
Investment securities available-for-sale: Sales 254,821 644,075 665,828
Investment securities available-for-sale: Maturies, calls and principal repayment 48,029 67,960 58,206
Investment securities held-to-maturity: Purchases (13,118)    
Investment securities held-to-maturity: Maturities and principal repayment 7,475    
Net redemption (purchases) of restricted investment in bank stock 363 1,076 (442)
Net (increase) decrease in loans (49,223) 8,348 (45,543)
Purchases of premises and equipment (316) (300) (742)
Purchase of bank-owned life insurance   (6,000) (2,475)
Redemption of bank-owned life insurance   5,610  
Proceeds from life insurance death benefits   15 266
Capital expenditure addition to other real estate owned     (476)
Proceeds from sale of premises and equipment   1 1
Proceeds from sale of other real estate owned 33 1,720 3,520
Net cash used in investing activities (152,580) (68,651) (106,901)
Cash flows from financing activities:      
Net increase in deposits 261,083 46,627 154,168
Net (decrease) increase in short-term borrowings (41,855) (4,254) 966
Payments on long-term borrowings (10,000) (52,144) (153)
Cash dividends on common stock (1,955) (1,800) (3,166)
Cash dividends on preferred stock (417) (500) (425)
Proceeds from issuance of Series B preferred stock 11,250    
Redemption of Series A preferred stock (10,000)    
Warrant repurchased (245)    
Issuance cost of common stock (5) (6) (11)
Issuance cost of Series B preferred stock (84)    
Proceeds from issuance of Series A preferred stock and warrants     10,000
Proceeds from issuance of shares from stock offering or rights offering   12,148 11,000
Issuance cost of common stock   (770)  
Tax expense (benefit) from stock based compensation   7 (73)
Issuance cost of restricted stock award   25  
Proceeds from exercise of stock options 328   57
Net cash provided by (used in) financing activities 208,100 (667) 172,363
Net increase (decrease) in cash and cash equivalents 73,604 (51,671) 74,137
Cash and cash equivalents at beginning of year 37,497 89,168 15,031
Cash and cash equivalents at end of year 111,101 37,497 89,168
Supplemental disclosures of cash flow information:      
Noncash activities: Trade date accounting settlement for investments   8 1,979
Noncash activities: Transfer of loans to other real estate owned 629 1,927  
Noncash activities: Net investment in direct financing lease   3,700  
Noncash activities: Transfer from investment securities available-for-sale to investment securities held-to-maturity 66,833    
Cash paid during year for:      
Interest paid on deposits and borrowings 12,226 15,569 23,021
Income taxes $ 4,484 $ 2,479 $ 344