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Consolidated Statements of Cash Flows Six Months Ended June 30, 2012 and 2011 (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 3,455 $ 852
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 259 279
Provision for loan losses 1,278 514
Amortization of premium on securities, net 361 202
Loss on sales and writedowns of other real estate, net 35 35
Gain on sale of investment securities (127) (129)
Stock compensation expense 14 16
Changes in assets and liabilities:    
Deferred tax asset (2,926)  
Accrued income (53) 46
Other assets (50) 321
Accrued interest payable (36) (110)
Other liabilities 113 9
Net cash flows provided by operating activities 2,323 2,035
Cash flows from investing activities:    
Net (increase) decrease in federal funds sold (426) 11,588
Purchases of investment securities (14,617) (19,243)
Sales, maturities, and calls of available for sale securities 15,192 12,208
(Purchase) repurchase of restricted equity securities, net (49) 112
Net (increase) decrease in loans (13,903) 2,425
Proceeds from sales of other real estate 708 147
Purchases of property and equipment (200) (72)
Net cash flows (used in) provided by investing activities (13,295) 7,165
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 5,636 3,499
Net increase (decrease) in interest-bearing deposits 6,476 (2,761)
Net increase (decrease) in short-term borrowings 16 (84)
Net decrease in long-term FHLB borrowings   (2,350)
Preferred stock dividend payment (1,067)  
Net cash flows provided by (used in) financing activities 11,061 (1,696)
Net increase in cash and cash equivalents 89 7,504
Cash and cash equivalents, beginning 12,529 4,479
Cash and cash equivalents, ending 12,618 11,983
Supplemental disclosure of cash flow information:    
Cash payments for interest 1,507 2,494
Supplemental disclosure of noncash investing activities:    
Unrealized gain on securities available for sale 699 1,107
Transfer from loans to other real estate owned $ 69 $ 4,127