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Consolidated Statement of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,566 $ 4,487
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gain) loss on sales of loans and foreclosed real estate (284) 6
Earnings on investment in bank-owned life insurance (488) (507)
Gain on life insurance proceeds   (78)
Gain on sales of securities   (25)
Depreciation and amortization 1,135 1,204
Provision for loan losses 2,410 3,210
Net amortization of investment securities premiums 248 15
Increase in interest receivable (125) (89)
Increase in interest payable 53 106
Mortgage loans originated for sale (10,770) (10,663)
Proceeds from loans sold to others 13,212 7,229
Decrease in other assets 1,646 400
Decrease in other liabilities (384) (113)
Net Cash Provided by Operating Activities 11,219 5,182
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities available for sale 24,291 26,783
Proceeds from sales of investment securities available for sale   3,697
Purchase of investment securities available for sale (39,902) (22,198)
Net increase in loans (7,490) (18,559)
Redemption of restricted investments in bank stocks 534  
Capital expenditures (1,113) (663)
Proceeds from life insurance death benefits   294
Proceeds from sales of foreclosed real estate 5,780 292
Net Cash Used in Investing Activities (17,900) (10,354)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits 8,947 11,249
Net increase in time certificates of deposits and interest bearing deposits 13,927 13,016
Net increase (decrease) in short-term borrowings 8,838 (15,409)
Dividends paid (2,254) (2,253)
Common stock issued 136  
Proceeds from long-term borrowings   19,000
Repayments on long-term borrowings (5,194) (15,569)
Net Cash Provided by Financing Activities 24,400 10,034
Net Increase in Cash and Cash Equivalents 17,719 4,862
CASH AND CASH EQUIVALENTS - BEGINNING 24,173 24,138
CASH AND CASH EQUIVALENTS - ENDING 41,892 29,000
Interest paid 3,757 4,931
Incomes taxes paid 900 1,500
Loans transferred to foreclosed real estate $ 1,467 $ 1,700