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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 1,713 $ 1,588
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net increase in deferred loan fees 40 135
Depreciation 259 309
Accretion (172) (186)
Amortization 1,635 710
Stock-based compensation 50 50
Tax benefit from exercise of stock options (20) (81)
Provision for credit losses 400 100
Net other than temporary impairment losses on investment securities 0 31
Net realized (gains) losses on sales and calls of available-for-sale investment securies (347) 16
Net loss (gain) on sale of other real estate owned 2 (545)
Increase in bank owned life insurance, net of expenses (94) (97)
Net decrease (increase) in accrued interest receivable and other assets 304 (698)
Net decrease in prepaid FDIC Assessments 121 252
Net (decrease) increase in accrued interest payable and other liabilities (7,999) 3,096
Provision for (benefit from) for deferred income taxes 350 (9)
Net cash (used in) provided by operating activities (3,758) 4,671
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (16,405) (25,383)
Proceeds from sales or calls of available-for-sale investment securities 4,392 594
Proceeds from maturity and principal repayment of available-for-sale investment securities 17,855 8,398
Net decrease in loans 15,159 9,230
Proceeds from sale of other real estate owned 82 1,876
Purchases of premises and equipment (659) (57)
Purchases of bank owned life insurance (147) 0
Net cash provided by (used in) investing activities 20,277 (5,342)
Cash Flows From Financing Activities:    
Net decrease in demand, interest bearing and savings deposits (8,087) (1,339)
Net decrease in time deposits (1,503) (4,979)
Repayments of short-term borrowings to Federal Home Loan Bank 0 (10,000)
Proceeds from exercise of stock options 235 428
Tax benefit from exercise of stock options 20 81
Cash dividend payments on preferred stock (88) (88)
Net cash used in financing activities (9,423) (15,897)
Increase (decrease) in cash and cash equivalents 7,096 (16,568)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 44,804 100,999
CASH AND CASH EQUIVALENTS AT END OF YEAR 51,900 84,431
Cash paid during the year for:    
Interest 592 959
Income taxes 100 385
Non-cash investing and financing activities:    
Transfer of loans to other real estate owned 2,337 95
Accrued preferred stock dividends $ 88 $ 44