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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 1,607 $ 950
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 62 34
Amortization of pension costs 505 211
Depreciation and amortization 583 652
Provision for loan losses 2,280 2,580
Net investment amortization 1,014 559
Net change in unearned fees/deferred costs on loans (238) 40
Capitalized dividends on FHLB stock (7) (7)
Gain on securities available for sale (591) (1,349)
Impairment loss on securities available for sale 0 296
Gain on loans held for sale (525) (210)
Other real estate losses 1,223 2,018
Other asset sales losses 66 70
Deferred income taxes 510 114
Originations of loans held for sale, net of repayments (30,473) (12,553)
Sales proceeds of loans held for sale 26,226 16,426
(Increase) decrease in:    
Accrued interest receivable 24 (339)
Cash surrender value of bank owned life insurance (187) (183)
Other assets (345) 266
Increase (decrease) in:    
Accrued interest payable (155) (103)
Other liabilities (196) (775)
Net cash provided by operating activities 1,383 8,697
Cash flows from investing activities:    
Purchases of securities available for sale (97,327) (74,537)
Sales of securities available for sale 33,982 41,421
Maturities of securities available for sale 17,612 13,680
Purchases of loans held for investment 0 (821)
Net (increase) decrease in other loans held for investment 16,423 5,094
Net (increase) decrease in:    
Interest bearing bank balances (12,509) (8,305)
Federal funds sold 0 0
Bank premises and equipment (314) (366)
Net purchases of bank owned life insurance (9) (15)
Proceeds from sales of other real estate and other repossessed assets 2,660 2,630
Net cash provided by investing activities (39,482) (21,219)
Cash flows from financing activities:    
Net increase (decrease) in deposits 39,040 24,657
Net increase (decrease) in short-term borrowings (660) (18,920)
Proceeds from other borrowings 0 686
Repayments of other borrowings (1,327) (2,575)
Common dividends paid (92) (92)
Preferred dividends paid (150) (149)
Net cash used in financing activities 36,811 3,607
Net decrease in cash and due from banks (1,288) (8,915)
Cash and due from banks at January 1 39,976 45,099
Cash and due from banks at March 31 38,688 36,184
Supplemental disclosures:    
Total interest paid 3,400 4,952
Total income taxes paid 186 1
Transfers of loans from held for sale to held for investment 1,997 0
Transfers of loans to foreclosed property 1,565 3,182
U. S. Treasury preferred dividend accrued but unpaid 75 75
Accretion on U. S. Treasury preferred stock $ 313 $ 283