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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net earnings $ 2,095 $ 2,685
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 1,543 1,785
Provision for loan losses 2,500 2,650
Provision for deferred tax expense (77) (466)
Amortization of premiums on securities, net 511 584
Amortization of other investments 7 7
Stock compensation expense 48 3
Net gain on sale of investment securities (99) 0
Net loss on sale of other real estate 66 141
Net loss on sale of premises and equipment 0 64
Change in accrued interest receivable 87 298
Change in accrued interest payable (56) (124)
Other, net 1,773 1,439
Net cash provided by operating activities 8,398 9,066
Cash flows from investing activities:    
Net decrease in time deposits in other banks 5,164 16,062
Proceeds from maturities and calls of securities available-for-sale 40,654 20,752
Proceeds from maturities and calls of securities held-to-maturity 900 1,456
Proceeds from sale of securities available-for-sale 3,895 0
Purchases of securities available-for-sale (84,713) (26,107)
Purchases of other investments (5) (172)
Net change in loans (15,885) (3,474)
Purchase of premises and equipment (2,094) (274)
Proceeds from sale of premises and equipment 6 0
Proceeds from sale of other real estate 614 409
Purchase of other real estate 0 (450)
Net cash provided by (used in) investing activities (51,464) 8,202
Cash flows from financing activities:    
Change in deposits 25,124 (3,378)
Change in securities sold under agreements to repurchase 2,137 (2,391)
Change in federal funds purchased 0 (1,700)
Issuance of common stock and treasury stock, net of offering expenses 0 4,769
Payment of dividends on preferred stock (500) (499)
Payment of dividends on common stock (1,363) (1,146)
Proceeds from exercise of stock options 0 17
Net cash provided by (used in) financing activities 25,398 (4,328)
Net (decrease) increase in cash and cash equivalents (17,668) 12,940
Cash and cash equivalents, beginning of period 91,907 23,351
Cash and cash equivalents, end of period 74,239 36,291
Supplemental information- Noncash items    
Accretion of warrants 99 99
Transfer of loans to other real estate 5,342 (336)
Net change in loan to ESOP $ 57 $ 55