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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows From Operating Activities:    
Net income (loss) $ (2,642) $ 1,336
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Accretion of discounts, amortization and depreciation 1,042 1,497
Provision for loan losses 7,739 1,558
Stock based compensation expense 61 111
Benefit for deferred income taxes (1,322) (241)
Net gain from sale of loans (599) (396)
Gain on securities 0 (184)
Net (gain)/loss from real estate owned (8) 387
Loan fees recognized, net (15) (52)
Proceeds from sale of loans held for sale 26,144 18,789
Origination of loans held for sale (23,422) (12,347)
(Increase) decrease in accrued interest and other assets (685) 808
Increase (decrease) in other liabilities 1,125 (1,628)
Net Cash From Operating Activities 7,418 9,638
Cash Flows From / (Used In) Investing Activities:    
Net principal received (disbursed) on loans 12,405 (210)
Proceeds from:    
Maturities/repayments of securities available for sale 15,549 20,712
Sale of securities available for sale 816 15,179
Real estate owned and other assets 1,221 601
Purchases of:    
Loans (817) (121)
Securities available for sale (10,686) (42,392)
Federal Home Loan Bank stock (529) 0
Acquisition of property and equipment (56) (84)
Disposal of property and equipment 2 0
Net Cash From (Used In) Investing Activities 17,905 (6,315)
Cash Flows From / (Used In) Financing Activities:    
Net increase/(decrease) in deposits (13,239) 18,985
Proceeds from advances from FHLB 10,000 0
Repayment of advances from FHLB (10,000) 0
Net repayments of overnight borrowings 0 (12,088)
Payment of dividends on preferred stock (269) (269)
Payment of dividends on common stock (34) (34)
Net Cash From (Used In) Financing Activities (13,542) 6,594
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 11,781 9,917
Cash and cash equivalents, beginning of period 40,595 13,063
Cash and Cash Equivalents, End of Period 52,376 22,980
Supplemental Information:    
Cash paid for interest 1,695 2,669
Cash paid for income taxes 564 0
Non cash items:    
Assets acquired through foreclosure 3,378 1,523
Securities trades not settled 0 (194)
Transfer from loans receivable to loans held for sale $ 6,218 $ 0