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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 income $ 312 $ 621
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Provision for loan losses 745 165
Accretion of securities, net (4) (10)
Amortization of deferred loan fees and costs, net (46) (11)
Depreciation and amortization expense 129 168
Decrease in accrued interest receivable 66 10
Income from bank-owned life insurance (49) (50)
Stock-based compensation expense 64 35
Loans originated for sale (4,732) (11,738)
Principal balance of loans sold 5,180 10,700
Prepaid FDIC insurance 93 109
Net change in other assets and liabilities (549) 524
Net cash provided by operating activities 1,209 523
Activity in securities available for sale:    
Maturities, prepayments and calls 1,755 4,013
Purchases (983) (3,000)
Maturities, prepayments and calls of securities held to maturity 475 576
Loan originations, net 4,979 (9,340)
Principal balance of portfolio loans sold 0 157
Purchase of premises and equipment (79) (94)
Net cash provided (used) by investing activities 6,147 (7,688)
Cash flows from financing activities:    
Net change in deposits (263) 10,656
Net change in securities sold under agreements to repurchase (69) (10)
Net change in Federal Home Loan Bank advances with maturities of three months or less (500) 1,200
Proceeds of Federal Home Loan Bank advances with maturities greater than three months 0 2,500
Repayments of Federal Home Loan Bank advances with maturities greater than three months (3,030) (3,529)
Net change in mortgagors' escrow accounts (10) 43
Return of vested restricted shares to treasury stock (2) 0
Net cash (used) provided by financing activities (3,874) 10,860
Net change in cash and cash equivalents 3,482 3,695
Cash and cash equivalents at beginning of period 3,298 3,645
Cash and cash equivalents at end of period 6,780 7,340
Supplementary information:    
Interest paid on deposit accounts 829 1,046
Interest paid on borrowings 498 684
Income taxes paid $ 507 $ 0