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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 $ 11,571 $ 8,278 $ 6,810
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 3,170 1,490 1,662
Depreciation 1,385 1,253 1,201
Core deposit intangible amortization 1,282 378 377
Net amortization (accretion) of securities 1,836 509 (193)
Net loss (gain) on sale or call of securities 1 (157) (3)
Impairment of securities 0 31 0
Gain on sale of loans held for sale (1,101) (1,386) (1,426)
Proceeds from sales of loans held for sale 52,169 57,935 69,802
Originations of loans held for sale (54,150) (57,194) (69,102)
Net (gain) loss on foreclosed real estate (574) 129 168
Valuation allowance on foreclosed real estate 453 454 1,307
Net gain on sale of premises and equipment (114) (450) (30)
Stock-based compensation expense 63 63 62
Equity-based compensation expense 533 213 0
Deferred income tax (benefit) expense 3,053 56 132
Net change in interest receivable 66 (448) (147)
Net change in other assets (1,306) 528 (2,444)
Net change in interest payable (36) (17) (356)
Net change in other liabilities (34) 160 610
Net cash provided by operating activities 18,267 11,825 8,430
Cash Flows from Investing Activities:      
Proceeds from sales of securities available for sale 2,099 2,958 0
Proceeds from sales of securities held to maturity 0 612 0
Proceeds from maturities and calls of securities available for sale 69,011 100,872 89,337
Proceeds from maturities and calls of securities held to maturity 1,276 2,059 596
Purchases of securities available for sale (114,972) (145,379) (147,104)
Net change in restricted stock 120 300 (463)
Net decrease in loans 22,282 4,421 40,107
Proceeds from sale of premises and equipment 189 937 125
Purchases of premises and equipment (1,734) (2,054) (3,362)
Proceeds from sales of foreclosed real estate 2,965 831 1,354
Increase in other real estate owned (140) (163) (240)
Cash paid in bank acquisition (12) 0 0
Cash acquired in bank acquisition 34,783 0 0
Net cash provided by (used in) investing activities 15,867 (34,606) (19,650)
Cash Flows from Financing Activities:      
Net change in demand, money market, and savings deposits 25,924 (18,522) 8,113
Net change in time deposits (27,516) 54,347 7,022
Net change in customer repurchase agreements (1,509) (18,845) 14,188
Net change in other short-term borrowings (3,110) 6,110 (7,850)
Net change in long-term borrowings (8,140) (150) (5,149)
Net change in trust preferred capital notes 47 0 0
Common stock dividends paid (6,421) (5,636) (5,612)
Preferred stock dividends paid (103) 0 0
Repurchase of common stock 0 0 (121)
Repurchase of preferred stock (3,100) 0 0
Proceeds from exercise of stock options 173 48 474
Net cash provided by (used in) financing activities (23,755) 17,352 11,065
Net Increase (Decrease) in Cash and Cash Equivalents 10,379 (5,429) (155)
Cash and Cash Equivalents at Beginning of Period 18,514 23,943 24,098
Cash and Cash Equivalents at End of Period $ 28,893 $ 18,514 $ 23,943