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Consolidated Statement Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities:    
Net income $ 5,859 $ 4,176
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Security (gains), net (263) (413)
Depreciation and amortization of premises and equipment 868 769
Amortization of software 102 84
Intangible asset amortization 141 153
Amortization of investment security premium, net of discount accretion 117 98
Deferred tax (benefit) liability (396) 2,156
Stock-based compensation 263 258
Excess tax benefits from share-based payment arrangements (38) (102)
Deferral of loan fees and costs, net (346) (300)
Provision for loan losses 1,099 2,750
Purchased receivable loss 2 407
Purchases of loans held for sale   (8,210)
Proceeds from the sale of loans held for sale 5,558  
Gain on sale of other real estate owned (805) (281)
Impairment on other real estate owned   176
Proceeds in excess of earnings from RML 181 109
Equity in loss (income) from Elliott Cove 11 (3)
Decrease in accrued interest receivable 656 237
(Increase) decrease in other assets (4) 58
(Decrease) increase of deferred gain on sales of other real estate owned 207 443
(Decrease) in other liabilities (561) (128)
Net Cash Provided (Used) by Operating Activities 12,651 2,437
Investing Activities:    
Purchases of investment securities-available-for-sale (56,832) (91,037)
Purchases of investment securities-held-to-maturity   (517)
Proceeds from sales/maturities of securities-available-for-sale 88,987 101,318
Proceeds from calls/maturities of securities-held-to-maturity 992 780
Purchases of domestic certificates of deposit (2,000)  
Investment in (repayment from) purchased receivables 1,786 (3,900)
Loan paydowns, net of new advances 37,115 24,604
Proceeds from sale of other real estate owned 7,294 5,888
Investment in other real estate owned (28) (27)
Loan to Elliott Cove, net of repayments 110 (68)
Purchases of premises and equipment (594) (178)
Purchases of software (33) (100)
Net Cash Provided (Used) by Investing Activities 76,797 36,763
Financing Activities:    
(Decrease) in deposits (7,966) (1,623)
(Decrease) increase in securities sold under repurchase agreements (1,258) 2,138
(Decrease) in borrowings (690) (55)
Distributions to noncontrolling interest (230) (141)
Proceeds from issuance of common stock   1
Excess tax benefits from share-based payment arrangements 38 102
Cash dividends paid (1,544) (1,278)
Net Cash (Used) Provided by Financing Activities (11,650) (856)
Net Increase in Cash and Cash Equivalents 77,798 38,344
Cash and Cash Equivalents at Beginning of Period 66,033 66,721
Cash and Cash Equivalents at End of Period 143,831 105,065
Supplemental Information:    
Income taxes paid 2,844 7
Interest paid 1,942 2,934
Transfer of loans to other real estate owned 982 931
Loans made to facilitate sales of other real estate owned 780 1,883
Cash dividends declared but not paid $ 20 $ 15