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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net income $ 3,775 $ 3,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net 637 1,051
Provision for loan and lease losses 2,549 2,878
Depreciation, amortization and accretion, net 1,551 1,017
Share-based compensation 268 307
Increase in cash surrender value of bank-owned life insurance (346) (335)
Origination of loans for sale (580) (988)
Sale of loans originated for sale 583 993
Gain on sale of loans originated for sale (3) (5)
Net loss on foreclosed properties 242 130
Excess tax benefit from share-based compensation (2) 0
Decrease in accrued interest receivable and other assets 544 259
Decrease in accrued interest payable and other liabilities (712) (2,376)
Net cash provided by operating activities 8,506 6,793
Investing activities    
Proceeds from maturities of available-for-sale securities 27,571 20,572
Purchases of available-for-sale securities (54,657) (35,181)
Proceeds from sale of foreclosed properties 1,315 1,327
Net (increase) decrease in loans and leases (14,831) 12,193
Investment in Aldine Capital Fund, L.P. 170 (210)
Proceeds from sale of FHLB Stock 848 0
Purchases of leasehold improvements and equipment, net (295) (242)
Premium payment on bank owned life insurance policies 0 (8)
Net cash used in investing activities (39,879) (1,549)
Financing activities    
Net decrease in deposits (22,082) (10,810)
Repayment of FHLB advances (7) (2,006)
Net increase in short-term borrowed funds 2,111 0
Proceeds from issuance of subordinated notes payable 6,215 0
Repayment of subordinated notes payable (6,215) 0
Excess tax benefit from share-based compensation 2 0
Cash dividends paid (368) (364)
Purchase of treasury stock (7) (8)
Net cash used in financing activities (20,351) (13,188)
Net decrease in cash and cash equivalents (51,724) (7,944)
Cash and cash equivalents at the beginning of the period 130,093 50,819
Cash and cash equivalents at the end of the period 78,369 42,875
Supplementary cash flow information    
Interest paid on deposits and borrowings 9,288 11,203
Income taxes paid 1,818 2,751
Transfer to foreclosed properties 1,258 1,107
Reissuance of treasury stock $ 77 $ 0