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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net Income$ 2,509$ 1,717
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization554598
Provision for loan losses3,6703,303
Stock plan accruals128201
Gains on sales of available-for-sale securities(633)(353)
Gains on sales of other real estate owned(228)(46)
Impairment on other real estate owned431618
Gains on sales of loans held-for-sale(444)(625)
Proceeds from sales of loans held-for-sale23,41239,724
Originations of loans held-for-sale(24,042)(41,551)
Changes in assets and liabilities:  
(Increase) decrease in interest receivable and other assets(1,987)1,761
Increase in interest payable and other liabilities99333
Net cash provided by operating activities3,4695,680
Cash Flows From Investing Activities  
Net increase in investment securities(28,407)(17,411)
Net decrease in loans7,13318,345
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 owned3,0891,935
Purchases of premises and equipment, net(557)(93)
Net cash (used in) provided by investing activities(18,994)2,460
Cash Flows From Financing Activities  
Net increase (decrease) in deposits22,514(20,657)
Net decrease in FHLB advances and other borrowings(2,029)(1,878)
Proceeds from issuance of preferred stock22,8470
Redemption of preferred stock(17,390)0
Cash dividends paid on preferred stock and preference stock(660)(652)
Net cash provided by (used in) financing activities25,282(23,187)
Net increase (decrease) in Cash and Cash Equivalents9,757(15,047)
Cash and Cash Equivalents , beginning of period139,707147,076
Cash and Cash Equivalents, end of period149,464132,029
Cash paid during the period for:  
Interest1,9373,022
Income Taxes1,067154
Supplemental disclosures of non-cash investing and financing activities:  
Preferred stock dividend payable and accretion446202
Transfer of loans held-for-investment to other real estate owned3,1971,627
Unrealized holding gains on available for sale securities, net of taxes$ 1,418$ 561