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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 6,985 $ 4,373 $ 4,010
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation 543 141 194
Amortization of pension costs 2,019 844 787
Depreciation and amortization 2,340 2,517 2,736
Provision for loan losses 8,520 9,720 9,220
Net investment amortization 4,499 2,515 2,090
Net change in unearned fees/deferred costs on loans (1,593) (109) 44
Capitalized dividends on FHLB stock (25) (27) (27)
Gain on securities available for sale (557) (2,769) (2,255)
Impairment loss on securities available for sale 29 631 403
Gain on loans held for sale (4,073) (1,377) (1,285)
Other real estate losses 4,260 5,874 1,574
Other asset sales (gains) losses 240 (317) 225
Deferred income taxes 2,406 1,007 735
Originations of loans held for sale, net of repayments (171,098) (92,009) (83,200)
Sales proceeds of loans held for sale 172,290 73,071 88,277
(Increase) decrease in:      
Accrued interest receivable 439 258 1,218
Cash surrender value of bank owned life insurance (696) (638) (667)
Other assets (430) (1,683) (1,800)
Increase (decrease) in:      
Accrued interest payable (362) (447) (1,463)
Other liabilities 893 631 8,392
Net cash provided by operating activities 26,629 2,206 29,208
Cash flows from investing activities:      
Purchases of securities available for sale (160,936) (220,235) (170,862)
Sales of securities available for sale 54,988 114,711 89,164
Maturities of securities available for sale 76,594 63,678 87,509
Purchases of loans held for investment (26,720) (42,118) (43,667)
Net decrease in other loans held for investment 45,585 75,124 397
Net (increase) decrease in:      
Interest-bearing bank balances (54,922) 32,712 12,707
Federal funds sold 15,000 0 45,000
Bank premises and equipment (1,141) 1,119 (226)
Net purchases of bank owned life insurance (49) (49) (41)
Proceeds from sales of other real estate and other repossessed assets 12,055 9,166 15,350
Net redemptions of FHLB stock 5,204 0 0
Net cash provided by (used in) investing activities (34,342) 34,108 35,331
Cash flows from financing activities:      
Net increase (decrease) in deposits 31,200 (3,973) (12,880)
Net increase (decrease) in short-term borrowings (678) (29,083) 24,839
Proceeds from other borrowings 0 686 2,872
Repayments of other borrowings (6,994) (8,101) (74,966)
Common dividends paid (380) (368) (366)
Preferred dividends paid (600) (600) (1,385)
Tax benefits related to share-based compensation 0 2 0
Net cash provided by (used in) financing activities 22,548 (41,437) (61,886)
Net increase (decrease) in cash and due from banks 14,835 (5,123) 2,653
Cash and due from banks at January 1 39,976 45,099 42,446
Cash and due from banks at December 31 54,811 39,976 45,099
Supplemental disclosures:      
Total interest paid 11,893 17,311 25,373
Total income taxes paid 192 3 232
Income tax refunds received 0 0 8,735
Transfers of loans from held for sale to held for investment 8,003 454 0
Transfers of loans to foreclosed property 5,330 20,870 24,192
Transfers of buildings to foreclosed property 0 139 180
Gain on exchange of Class B preferred stock 0 0 12,867
U. S. Treasury preferred dividend accrued but unpaid 75 75 75
Accretion on U. S. Treasury preferred stock $ 1,301 $ 1,174 $ 419