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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities    
Net Income $ 1,561 $ 960
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 363 409
Provision for loan losses 2,480 2,313
Stock plan accruals 84 134
Gains on sales of available-for-sale securities (456) (353)
Gains on sales of other real estate owned (215) (44)
Impairment on other real estate owned 312 304
Gains on sales of loans held-for-sale (268) (296)
Proceeds from sales of loans held-for-sale 13,818 19,993
Originations of loans held-for-sale (11,883) (19,570)
Changes in assets and liabilities:    
(Increase) decrease in interest receivable and other assets (2,526) 1,189
Decrease in interest payable and other liabilities (66) (20)
Net cash provided by operating activities 3,204 5,019
Cash Flows From Investing Activities    
Net increase in investment securities (25,706) (2,052)
Net decrease in loans 6,600 18,695
Net increase in stock in Federal Home Loan Bank and other equity securities, at cost (252) (316)
Proceeds from the sale of other real estate owned 2,436 1,716
(Purchases) sales of premises and equipment, net (414) 5
Net cash (used in) provided by investing activities (17,336) 18,048
Cash Flows From Financing Activities    
Net increase (decrease) in deposits 10,171 (10,558)
Net decrease in FHLB advances and other borrowings (2,329) (1,978)
Cash dividends paid on preferred stock (435) (435)
Net cash provided by (used in) financing activities 7,407 (12,971)
Net (decrease) increase in Cash and Cash Equivalents (6,725) 10,096
Cash and Cash Equivalents , beginning of period 139,707 147,076
Cash and Cash Equivalents, end of period 132,982 157,172
Cash paid during the period for:    
Interest 1,324 2,156
Income Taxes 1,065 152
Supplemental disclosures of non-cash investing and financing activities:    
Preferred stock dividend payable and accretion 176 171
Transfer of loans held-for-investment to other real estate owned 1,533 975
Unrealized holding gains on available for sale securities, net of taxes $ 793 $ 441