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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net (loss) income$ (1,372)$ 1,388
Adjustments to reconcile net (loss) income to net cash provided by operating activities:  
Provision for loan losses2,727984
Depreciation361419
Write down of other real estate2,13317
Discount accretion and premium amortization on securities, net212145
Loss (gain) on sale of other real estate336(167)
Loss on disposal of fixed assets05
Stock compensation expense1125
Proceeds from sale of loans6861,826
Origination of loans for sale(610)(2,341)
Changes in assets and liabilities:  
Decrease (increase) in accrued interest receivable72(58)
(Increase) decrease in other assets(1,346)345
Decrease in accrued interest payable(116)(19)
Increase in other liabilities65439
Net cash provided by operating activities3,1593,008
CASH FLOWS FROM INVESTING ACTIVITIES  
Proceeds from maturity of securities available for sale5,1101,000
Proceeds from call of securities available for sale23,00022,545
Purchase of securities available for sale(30,604)(26,885)
Net decrease in loans5,4226,937
Purchases of premises and equipment(94)(71)
Proceeds from sale of other real estate1,9242,413
Net cash provided by investing activities4,7585,939
CASH FLOWS FROM FINANCING ACTIVITIES  
Net increase (decrease) in noninterest-bearing deposits3,026(2,685)
Net decrease in interest-bearing deposits(2,751)(3,207)
Net (repayment) purchase of securities sold under agreements to repurchase(2,143)978
Net repayment of Federal Home Loan Bank advances(894)(843)
Cash dividends(67)0
Net cash used in financing activities(2,829)(5,757)
Increase in cash and cash equivalents5,0883,190
CASH AND CASH EQUIVALENTS  
Beginning12,90512,623
Ending17,99315,813
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION  
Interest2,4593,214
Income tax payments0621
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES  
Unrealized gain (loss) on securities available for sale571(5)
Loans transferred to other real estate owned3,9812,977
Loans made on sale of other real estate$ 142$ 695