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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 3,713 $ 4,884
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans (53) (37)
(Gain) loss on disposal of fixed assets (12) 115
Loss on sale on foreclosed assets 296 337
Writedowns on foreclosed assets 1,305 653
Share-based compensation expense 117 68
Provision for loan losses 6,600 6,900
Depreciation and amortization 1,257 1,535
Net amortization on securities premiums and discounts 2,660 1,372
Increase in unearned net loan fees (117) (330)
Increase in cash surrender value of life insurance policies (707) (506)
Proceeds from sales of loans 1,725 932
Net decrease (increase) in loans held-for-sale 914 (498)
Decrease (increase) in interest receivable and other assets 1,766 (2,004)
Decrease in other liabilities (1,361) (572)
Net decrease in restricted stock, at cost 670 334
Deferred income tax (benefit) provision (6) 13
Excess tax provision (benefit) from equity based compensation 10 (12)
Net cash provided by operating activities 18,777 13,184
Cash flows from investing activities:    
Maturities of securities available for sale 408 4,960
Proceeds from sales/calls of securities available for sale 1,275 6,912
Purchases of securities available for sale (104,699) (73,005)
Principal paydowns on securities available for sale 34,638 33,589
Decrease in loans receivable, net 20,543 7,564
Purchases of premises and equipment, net (734) (1,185)
Proceeds from sales of foreclosed assets 3,434 2,911
Net cash used in investing activities (45,135) (18,254)
Cash flows from financing activities:    
Increase (decrease) in deposits 63,892 (33,830)
Decrease (increase) in borrowed funds (14,650) 21,900
Increase in fed funds purchased 3,980  
Cash dividends paid (1,679) (1,397)
Payments of stock issuance costs (23)  
Stock options exercised 570 225
Excess tax (benefit) provision from equity based compensation (10) 12
Net cash provided by (used in) financing activities 52,080 (13,090)
Increase (decrease) in cash and due from banks 25,722 (18,160)
Cash and Cash Equivalents    
Beginning of period 42,645 66,235
End of period $ 68,367 $ 48,075