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Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net loss$ (2,958)$ (3,841)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:  
Depreciation1,9032,057
Provision for loan losses6,25813,381
Income (less expenses) on life insurance(253)(350)
Loss on sale of fixed assets146 
(Gain) Loss on sale of foreclosed real estate(17)116
Adjustment of carrying value of foreclosed real estate3,508 
Accretion of bond premiums/discounts165
Deferred tax expense(305)(1,038)
Amortization of core deposit intangible79139
Net change in:  
Interest receivable532169
Other assets(2,080)(2,511)
Accrued interest payable17632
Accrued expenses and other liabilities80(691)
Net Cash Provided by Operating Activities7,0857,468
CASH FLOWS FROM INVESTING ACTIVITIES  
Net decrease in loans58,20114,755
Purchase of securities available-for-sale(16,765)(1,654)
Proceeds from sale and maturities of securities available-for-sale3,925955
Sale of Federal Home Loan Bank stock221 
Purchase of Federal Reserve Bank stock 82
Payments for the purchase of property and equipment(1,593)(1,964)
Proceeds from sales of property and equipment185 
Proceeds from sales of other real estate owned4,1822,994
Net Cash Provided by Investing Activities48,35615,168
CASH FLOWS FROM FINANCING ACTIVITIES  
Common stock options exercised 8
Net decrease in line of credit borrowings(4,900) 
Net increase in other borrowings5,200 
Repayments to Federal Home Loan Bank(5,900)(900)
Net change in:  
Demand deposits17,84924,091
Savings deposits(10,617)(2,722)
Time deposits(41,323)(25,785)
Net Cash Used in Financing Activities(39,691)(5,308)
Net increase in cash and cash equivalents15,75017,328
Cash and Cash Equivalents, Beginning of Period82,52939,560
Cash and Cash Equivalents, End of Period98,27956,888
Supplemental Disclosure of Cash Paid During the Period for:  
Interest7,89210,848
Taxes  
Supplemental Disclosure of Non Cash Transactions:  
Other real estate acquired in settlement of foreclosed loans6,1086,737
Loans made to finance sale of foreclosed real estate $ 85