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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 loss $ (5,736) $ (5,611)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 238 347
Stock compensation expense (benefit) 46 (22)
Provision for loan and lease losses 5,140 6,193
Impairment charge for other real estate owned 3,140 1,762
Net amortization of investment securities 1,354 1,257
Net accretion on loans (151) (285)
Net gains on sales of other real estate (1,294) (331)
Proceeds from sales of loans and leases 168 4,145
Gains on sales of loans and leases (18) (628)
Net gains on sales of investment securities (1,101) (596)
Distribution from investments in real estate (100) (110)
Gain from sale of premises of real estate owned via equity investment (445) (328)
Income from real estate joint ventures (250) 0
Income from bank owned life insurance (186) (188)
Impairment of loans held for sale 304 0
Impairment of real estate joint ventures 0 1,552
Impairment of available-for-sale investment securities 381 341
Changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable 587 (1,043)
Decrease in other assets 8,337 17,266
Increase in accrued interest payable 1,505 2,189
Increase in other liabilities 1,599 1,048
Net cash provided by operating activities 13,518 26,958
Cash flows from investing activities:    
Proceeds from call/maturities of available-for-sale (AFS) investment securities 29,571 58,231
Proceeds from sales of AFS investment securities 70,477 113,318
Purchase of AFS investment securities (102,369) (66,113)
Redemption of Federal Home Loan Bank stock 1,015 0
Net decrease in loans 52,875 27,262
Purchase of premises and equipment (75) (81)
Net proceeds from sale of premises of real estate owned via equity investments 6,090 3,498
Distribution from investments in real estate 100 110
Net decrease in real estate owned via equity investments (5,645) (3,170)
Proceeds from sales of foreclosed real estate 5,914 7,709
Net cash provided by investing activities 57,953 140,764
Cash flows from financing activities:    
Increase (decrease) in demand and NOW accounts 3,245 (2,809)
Decrease in money market and savings accounts (2,230) (6,674)
Decrease in certificates of deposit (65,967) (80,445)
Repayments in short-term borrowings 0 (15,000)
Repayments of long-term borrowings (3,446) (3,336)
Repayment of mortgage debt of real estate owned via equity investments 0 (2,925)
Net cash used in financing activities (68,398) (111,189)
Net increase in cash and cash equivalents 3,073 56,533
Cash and cash equivalents at the beginning of the period 51,733 58,298
Cash and cash equivalents at the end of the period 54,806 114,831
Supplemental Disclosure    
Interest paid 6,354 12,253
Transfers to other real estate owned $ 4,499 $ 9,618