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Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES:    
Net income $ 2,821,000 $ 2,546,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,150,000 950,000
Net amortization of purchase premiums and discounts on securities 270,000 399,000
Depreciation and amortization 610,000 659,000
Deferred income tax expense 293,000 23,000
Net security gains (378,000) (334,000)
Stock compensation expense 206,000 169,000
Loss on sale of OREO 99,000 107,000
Gain on sale of mortgage loans held for sale, net (406,000) (1,025,000)
Gain on sale of SBA loans held for sale, net (337,000) (327,000)
Origination of mortgage loans held for sale (28,597,000) (48,525,000)
Origination of SBA loans held for sale (4,009,000) (4,060,000)
Proceeds from sale of mortgage loans held for sale, net 29,003,000 49,550,000
Proceeds from sale of SBA loans held for sale, net 3,534,000 3,519,000
Net change in other assets and liabilities (649,000) 672,000
Net cash provided by operating activities 3,610,000 4,323,000
INVESTING ACTIVITIES:    
Purchases of securities held to maturity   (8,252,000)
Purchases of securities available for sale (9,947,000) (19,274,000)
Purchases of Federal Home Loan Bank stock, at cost (4,451,000) (1,575,000)
Maturities and principal payments on securities held to maturity 4,611,000 2,610,000
Maturities and principal payments on securities available for sale 5,360,000 13,320,000
Proceeds from sale of securities available for sale 17,919,000 9,482,000
Proceeds from redemption of Federal Home Loan Bank stock 3,465,000 37,000
Proceeds from sale of OREO 2,351,000 967,000
Net increase in loans (33,830,000) (35,883,000)
Purchase of BOLI   (3,000,000)
Purchases of premises and equipment (317,000) (4,347,000)
Net cash used in investing activities (14,839,000) (45,915,000)
FINANCING ACTIVITIES:    
Net decrease in deposits (10,615,000) (20,391,000)
Proceeds from new borrowings 50,000,000 35,000,000
Repayments of borrowings (32,000,000)  
Redemption of perpetual preferred stock from U.S. Treasury   (10,324,000)
Proceeds from exercise of stock options 62,000  
Dividends on preferred stock   (516,000)
Dividends on common stock (284,000) (59,000)
Net cash provided by financing activities 7,163,000 3,710,000
Decrease in cash and cash equivalents (4,066,000) (37,882,000)
Cash and cash equivalents, beginning of period 99,404,000 94,192,000
Cash and cash equivalents, end of period 95,338,000 56,310,000
SUPPLEMENTAL DISCLOSURES:    
Cash: Interest paid 3,521,000 3,214,000
Cash: Income taxes paid 1,069,000 1,612,000
Noncash investing activities:    
Transfer of SBA loans held for sale to held to maturity 83,000 33,000
Transfer of loans to OREO 2,932,000  
Purchase of leased branch locations   $ 3,893,000