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Consolidated Statement Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities:    
Net income $ 2,703 $ 2,764
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Gain on sale of securities, net (97) (218)
Depreciation and amortization of premises and equipment 420 443
Amortization of software 45 49
Intangible asset amortization 52 58
Amortization of investment security premium, net of discount accretion (50) 32
Deferred tax liability 155 370
Stock-based compensation 107 112
Excess tax benefits from share-based payment arrangements 0 (10)
Deferral of loan fees and costs, net (210) 30
Provision for loan losses 0 150
Reserve for purchased receivables (37) 84
Purchases of loans held for sale (30,482) (20,242)
Proceeds from the sale of loans held for sale 27,455 20,493
Gain on sale of other real estate owned (294) (21)
Equity in undistributed earnings from mortgage affiliate 148 192
Net changes in assets and liabilities:    
Decrease in accrued interest receivable (205) (352)
(Increase) decrease in other assets (4,899) 1,015
Decrease in other liabilities (1,501) (2,724)
Net Cash (Used) Provided by Operating Activities (6,690) 2,225
Investing Activities:    
Purchases of investment securities available for sale (39,125) (40,951)
Proceeds from sales/maturities of securities available for sale 55,742 23,528
Proceeds from redemption of FHLB stock 78 17
Decrease in purchased receivables, net 6,162 255
Decrease (Increase) in loans, net 5,774 (17,504)
Proceeds from sale of other real estate owned 1,294 201
Decrease in loan to Elliott Cove, net 49 106
Purchases of premises and equipment (794) (447)
Net Cash Provided (Used) by Investing Activities 29,180 (34,795)
Financing Activities:    
Increase in deposits (5,966) (15,216)
Increase in securities sold under repurchase agreements (1,257) (5,627)
Increase (decrease) in borrowings (4,330) 2,196
Distributions to noncontrolling interest (75) (104)
Excess tax benefits from share-based payment arrangements 0 10
Cash dividends paid (1,112) (975)
Net Cash Used by Financing Activities (12,740) (19,716)
Net Increase (Decrease) in Cash and Cash Equivalents 9,750 (52,286)
Cash and Cash Equivalents at Beginning of Period 85,591 141,313
Cash and Cash Equivalents at End of Period 95,341 89,027
Supplemental Information:    
Income taxes paid 2 2
Interest paid 442 529
Transfer of loans to other real estate owned 1,137 161
Transfer of premises to other real estate owned 904 0
Cash dividends declared but not paid $ 10 $ 10