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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 3,730 $ 1,585
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 356 322
Provision for loan losses   3,331
Amortization of premiums / discounts on investment securities, net 1,078 693
Amortization of intangible assets 100 86
Share-based compensation expense 134 39
Gain on sale of available for sale securities (3,586) (303)
Originations of loans held for sale (41,854) (41,056)
Proceeds from sale of loans held for sale 55,265 46,822
Net increase in bank owned life insurance (123) (131)
Decrease / (increase) in deferred tax asset 4,650 (210)
Deferred tax assets valuation allowance adjustment   (800)
Tax impact of share based compensation expense   2
(Increase) / decrease in other assets (1,714) 743
Increase / (decrease) in other liabilities 3,996 (2,869)
Net Cash Provided By Operating Activities 22,032 8,254
Cash flows from investing activities:    
Purchase of available for sale securities (66,853) (49,987)
Sale of available for sale securities 89,245 12,479
Maturities and calls of available for sale securities 544 3
Proceeds from principal paydowns of available for sale securities 15,293 10,012
Increase in loans, net (17,045) (160)
Allowance for loan and lease loss recoveries 285 242
Purchase of property, premises and equipment, net (1,998) (10,380)
Proceeds from sale of foreclosed collateral 1,211 176
Net Cash Provided By / (Used In) Investing Activities 20,682 (37,615)
Cash flows from financing activities:    
(Decrease) / increase in deposits, net (8,055) 20,152
Proceeds from Federal Home Loan Bank borrowing 21,000 48,500
Repayments of Federal Home Loan Bank borrowing (51,000) (47,500)
Proceeds from exercise of stock options 5 19
Preferred stock dividends paid (263)  
Net Cash (Used In) / Provided By Financing Activities (38,313) 21,171
Net increase / (decrease) in cash and cash equivalents 4,401 (8,190)
Cash and cash equivalents, beginning of period 34,116 34,892
Cash and cash equivalents, end of period 38,517 26,702
Cash Flow Information    
Interest paid 865 961
Income taxes paid 2,100  
Non-Cash Flow Information    
(Decrease) / increase in unrealized gain on available for sale securities (4,071) 2,910
Loans transferred to foreclosed collateral 1,211 176
Preferred stock dividends accrued not paid   288
Accretion of preferred stock discount $ 95 $ 93