XML 23 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net Income (Loss)$ 386$ (10,570)
Adjustments to reconcile net income (loss) to net cash from operating activities  
Depreciation and amortization749827
Provision for loan losses30411,609
Stock option expense87
Gain on sale of foreclosed assets(153)(105)
Mortgage loans originated for sale(22,472)(17,972)
Proceeds from sale of mortgage loans22,55818,174
Gain on sale of mortgage loans(675)(585)
(Gain) Loss on sale of available for sale securities(469)(76)
Earned Stock Compensation22 
Net change in:  
Deferred loan fees(74)72
Accrued interest receivable57492
Other assets814(501)
Accrued expenses and other liabilities642278
Net cash provided by (used in) operating activities1,6971,650
Cash Flows From Investing Activities  
Purchases of available for sale securities(4,855)(4,217)
Proceeds from maturities of securities1,4773,620
Proceeds from sale of securities8,5504,808
Activity in held-to-maturity securities:  
Proceeds from maturities of securities10 
Loan originations and principal collections, net24,68113
Proceeds from sale of foreclosed assets2,15010,773
Proceeds from sale of FHLB Stock4952,030
Purchase of premises and equipment(182)(65)
Net cash provided by investing activities32,32616,962
Cash Flows From Financing Activities  
Net decrease in deposits(19,104)(11,468)
Cash Dividends-preferred stock(266)(266)
Proceeds from FHLB advances (2,000)
Repayment of FHLB advances(14,000) 
Net cash provided by financing activities(33,370)(13,734)
Net Increase (Decrease) in Cash and Cash Equivalents6534,878
Cash and Cash Equivalents - Beginning41,97423,354
Cash and Cash Equivalents - End42,62728,232
Supplemental Cash Flow Information:  
Interest3,0154,186
Noncash investing activities:  
Loans transferred to foreclosed assets$ 3,614$ 1,639