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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 2,664 $ 2,665 $ (1,054)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 5,138 4,914 10,489
Stock plan accruals 152 268 336
Tax benefit for stock options 0 0 9
Depreciation and amortization 733 784 940
Accretion and amortization, net 1,802 1,172 621
Net gain on sale of available-for-sale securities (930) (663) (454)
Net gain on sale of loans held-for-sale (855) (1,113) (954)
Net gain on sale of other real estate owned (241) (52) (4)
Impairment on other real estate owned 572 689 1,208
Net (gain) loss on sale of bank premises and equipment (159) (43) 10
Provision for (benefit from) deferred income taxes 920 55 (1,316)
Proceeds from sales of loans held-for-sale 45,771 73,769 105,479
Originations of loans held-for-sale (45,403) (73,361) (103,973)
Decrease in deferred loan origination fees and costs, net (371) (78) (164)
(Increase) decrease in interest receivable and other assets (2,021) 3,162 (4,702)
Increase in interest payable and other liabilities 361 541 497
Net cash provided by operating activities 8,133 12,709 6,968
Cash flows from investing activities:      
Proceeds from maturities of available-for-sale securities 33,055 16,288 3,075
Proceeds from sales of available-for-sale securities 30,916 37,539 27,866
Principal repayments on available-for-sale securities 17,632 12,453 9,389
Purchase of available-for-sale securities (133,316) (99,210) (74,379)
Net increase in stock in Federal Home Loan Bank and other equity securities, at cost (252) (317) (195)
Net decrease (increase) in loans 1,262 24,980 28,252
Purchases of bank premises and equipment, net (593) (1,379) (727)
Proceeds from sale of other real estate owned 4,223 2,746 3,659
Net cash used in investing activities (47,073) (6,900) (3,060)
Cash flows from financing activities:      
Net increase (decrease) in deposits 38,700 (11,168) 66,708
Proceeds from issuance of preferred stock 22,847 0 16,726
Redemption of preferred stock (17,390) 0 0
Redemption of common stock warrants 375 0 0
Proceeds from issuance of common stock warrants 0 0 664
Increase in FHLB advances and other borrowings 62,729 69,318 80,279
Decrease in FHLB advances and other borrowings (66,258) (70,602) (86,725)
Dividends on preferred stock (953) (870) (696)
Cash dividends paid in lieu of fractional shares 0 0 5
Common stock issued 105 144 216
Tax benefit for stock options 0 0 (9)
Net cash provided by (used in) financing activities 39,405 (13,178) 77,158
Net increase (decrease) in cash and cash equivalents 465 (7,369) 81,066
Cash and cash equivalents at beginning of year 139,707 147,076 66,010
Cash and cash equivalents at end of year $ 140,172 $ 139,707 $ 147,076