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Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,168 $ 5,284
Adjustments to reconcile net income to net cash provided by operations:    
Provision for loan losses 1,769 1,746
Depreciation and amortization 1,016 1,017
Amortization, accretion and deferred loan fees and costs 1,337 1,054
Net impairment losses realized in earnings and gains on sales of available-for-sale securities 324 529
Net realized and unrealized gains on securities for which fair value was elected (97) 90
Proceeds from sale of securities for which fair value was elected 170 0
Purchase of securities for which fair value was elected (197) 0
Gain on sale of loans (280) (183)
Net gains on dispositions of premises and equipment and foreclosed assets (79) (88)
Proceeds from sale of loans 10,953 3,695
Origination of loans held for sale (9,053) (5,750)
Increase in bank owned life insurance (461) (402)
Stock-based compensation expense 102 122
Contribution of treasury stock 60 0
Changes in:    
Accrued interest receivable and other assets 931 (1,172)
Accrued interest payable and other liabilities 2,193 2
NET CASH PROVIDED BY OPERATING ACTIVITIES 15,856 5,944
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net decrease in interest bearing time deposits with other banks 1,195 2,721
Proceeds from maturities, prepayments and calls of securities 49,626 52,476
Proceeds from sales of securities 23,610 38,065
Purchase of securities (108,992) (201,759)
Loan origination and payments, net (28,091) (24,210)
Purchase of bank owned life insurance (5,000) (2,500)
Redemption (purchase) of FHLB and other equity interests (166) 124
Purchase of premises and equipment (1,434) (1,307)
Proceeds from the sale of premises and equipment and foreclosed assets 196 263
NET CASH USED IN INVESTING ACTIVITIES (69,056) (136,127)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Checking, money market and savings accounts 142,321 119,787
Certificates of deposit (56,117) 18,316
Proceeds from sale of treasury stock 652 608
Proceeds from exercise of stock options 0 42
Proceeds from stock offering, net of issuance costs 0 32,414
Cash dividends paid (4,052) (2,902)
Proceeds from long-term borrowings 350 0
Repayment of long-term borrowings (61) (16,057)
Net change in short-term borrowings (23,708) (97)
NET CASH PROVIDED BY FINANCING ACTIVITIES 59,385 152,111
NET INCREASE IN CASH AND CASH EQUIVALENTS 6,185 21,928
CASH AND CASH EQUIVALENTS, Beginning 37,432 22,358
CASH AND CASH EQUIVALENTS, Ending 43,617 44,286
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 9,006 9,537
Income taxes 1,493 1,986
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 69 333
Loans transferred from held for sale to held for investment 0 3,321
Grant of restricted stock awards from treasury stock $ 266 $ 233