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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 $ 3,356 $ 1,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 750 2,400
Depreciation and amortization 573 1,331
Net (gain) loss on sale of loans (641) (4)
Net (gain) loss on sale of other real estate owned (262) (439)
Stock based compensation 692 615
Loans originated for sale (14,210) (11,329)
Proceeds from loan sales 11,404 149
Net (gain) loss on sale of securities 155 (164)
Deferred income tax 1,908 487
(Increase) decrease in accrued interest receivable and other assets (598) 480
Increase (decrease) in accrued interest payable and other liabilities (1,565) (2,871)
Net cash provided by (used in) operating activities 1,562 (8,225)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of securities available for sale (94,656) (73,843)
Proceeds from sale of securities available for sale 27,396 21,470
Proceeds from maturity of securities available for sale 80,019 32,137
Proceeds from the sale of other real estate owned 3,056 5,259
Net decrease (increase) in loans (3,347) (17,929)
Net decrease (increase) in interest bearing deposits in other banks 2,204 4,322
Purchase of fixed assets (216) (153)
Net cash provided by (used in) investing activities 14,456 (28,737)
CASH FLOW FROM FINANCING ACTIVITIES:    
Net (decrease) increase in deposits 31,727 69,338
(Decrease) in other borrowings (7,672)  
Common stock issued 1,099 32,349
Redemption of preferred stock (23,864) (30,000)
Payment of cash dividends (200) (1,206)
Warrant redemption (1,395)  
Preferred stock issuance costs   (29)
Net cash (used in) provided by financing activities (305) 70,452
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS: 15,713 33,490
Cash and equivalents at beginning of period 122,916 119,153
Cash and equivalents at end of period 138,629 152,643
OTHER CASH FLOW INFORMATION:    
Cash paid for interest 556 1,136
Cash paid for income taxes 874 954
NON-CASH INVESTING ACTIVITIES:    
Loans transferred to other real estate owned $ 5,810 $ 6,735