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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 $ 4,958 $ 2,894
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 221 746
Provision for losses on mortgage loans sold 289 1,100
Net gains/losses on sales and write-down of other real estate owned (1,015) 210
Deferred tax benefit (8) 34
Stock-based compensation 119 98
Valuation allowance on derivatives (68) (574)
Amortization of premiums and discount accretion on securities, net 8 39
Depreciation and amortization 227 226
Changes in assets and liabilities:    
Decrease in valuation of loans held for sale carried at fair value (779) (986)
Decrease in loans held for sale 26,504 11,063
Decrease in other assets (2,019) (18,526)
Decrease in other liabilities (791) (6,653)
Net cash provided by (used in) operating activities 27,646 (10,329)
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 40,317 45,027
Proceeds from sale of securities available for sale   20,163
Purchases of securities available for sale (5,604) (145,069)
Net (increase) decrease in loans (31,818) 17,156
Proceeds from sales of other real estate owned 5,266 2,015
Purchases of premises and equipment (28) (104)
Net cash provided by (used in) investing activities 8,133 (60,812)
Cash Flows from Financing Activities    
Net increase in demand, interest-bearing demand and savings deposits 13,505 46,903
Net (decrease) increase in time deposits (133,441) 94,517
(Decrease) increase in securities sold under agreement to repurchase (3,160) 909
Net increase (decrease) in other short-term borrowings 271 (7,569)
Net decrease in long-term borrowings (1,107) (8,190)
Proceeds from issuance of common stock 26 469
Repurchase of common stock (584) (788)
Dividends paid (542) (211)
Net cash (used) provided by financing activities (125,032) 126,040
(Decrease) increase in cash and cash equivalents (89,253) 54,899
Cash and Cash Equivalents    
Beginning 111,906 31,221
Ending 22,653 86,120
Supplemental Disclosures of Cash Flow Information    
Cash payments for interest 4,101 5,380
Cash payments for income taxes 2,524 2,416
Supplemental Disclosures of Noncash Investing Activities    
Unrealized gain on securities available for sale $ 2,500 $ 325