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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net loss $ (4,865) $ (653)
Adjustments to reconcile net loss to net cash from operating activities    
Depreciation 534 598
Amortization on securities, net 293 202
Core deposit intangible amortization 122 141
Provision for loan losses 7,030 3,309
Loans originated for sale (10,213) (15,355)
Proceeds from sale of loans 9,344 16,800
Gain on sale of loans (418) (297)
Decrease (increase) in accrued interest receivable 266 (116)
Increase (decrease) in accrued interest payable 604 (698)
Gain on sale of securities   (315)
Gain on sale of premises and equipment (6)  
Increase in surrender value of Bank owned life insurance (146) (162)
Net write down of other real estate 635 21
Compensation expense under stock based compensation 54 84
Other, net 2,355 591
Net cash from operating activities 5,589 4,150
Available for sale securities Purchases:    
Mortgage-backed securities (3,728) (3,692)
Other (453) (63,644)
Sales of securities:    
Mortgage-backed securities   29,868
Maturities, prepayments, and calls:    
Mortgage-backed securities 3,546 4,741
Other 3,074 45,500
Net decrease in loans 9,868 8,119
Proceeds from sales of other real estate owned 2,991 3,215
(Increase) decrease in time deposits in other financial institutions 1,459 (2,600)
Proceeds from sale of premises and equipment 7 32
Additions to premises and equipment (247) (195)
Net cash from investing activities 16,517 21,344
Cash flows from financing activities    
Decrease in deposits (23,488) (29,633)
Payments on Federal Home Loan Bank advances   (2,000)
Proceeds from Federal Home Loan Bank advances   5,000
Proceeds from issuance of common stock 7 7
Cash dividends paid on preferred stock (243) (485)
Net cash from financing activities (23,724) (27,111)
Net change in cash and cash equivalents (1,618) (1,617)
Cash and cash equivalents at beginning of period 60,303 31,120
Cash and cash equivalents at end of period 58,685 29,503
Cash paid during year for:    
Interest 4,258 7,035
Income taxes paid (refunded) (887) 25
Supplemental noncash disclosures    
Transfer from loans to repossessed assets 5,306 5,463
Transfer of premises and equipment to other real estate owned   759
Preferred stock dividends declared but not paid 359 117
Loans made to facilitate the sale of other real estate 210  
Net transfer from loans to loans held for sale $ 4,252