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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 (loss) $ (912) $ (8,943)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 331 278
Provision for loan losses 530 8,748
Write down on other real estate owned 54 258
Stock-based compensation expense 175 70
Loss on sale of other real estate owned 39 0
Gain on sale of investment securities (105) (215)
Other items, net 261 979
Net cash provided by operating activities 373 1,175
Cash flows from investing activities:    
Purchases of due from time deposits 0 (348)
Proceeds from principal reductions and maturities of investment securities 1,116 7,260
Proceeds from sale of investment securities 7,156 2,793
Proceeds from sale of other real estate owned 317 0
Purchases of investment securities 0 (7,721)
Purchases of FHLB stock 98 0
Net change in loans 20,650 (6,816)
Purchases of bank premises and equipment (8) (19)
Net cash provided (used) by investing activities 29,329 (4,851)
Cash flows from financing activities:    
Net change in deposits (5,941) 4,495
Net change in borrowings 0 (334)
Dividends paid on Preferred Stock (100) (100)
Cash dividends paid 0 (1)
Net cash (used) provided by financing activities (6,041) 4,060
Net increase in cash and cash equivalents 23,661 384
Cash and cash equivalents at beginning of year 20,419 9,088
Cash and cash equivalents at end of year 44,080 9,472
Supplemental disclosure of cash flow information:    
Interest paid 627 1,287
Transfer of loans to Other Real Estate Owned $ 2,773 $ 1,303