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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 income $ 2,056 $ 2,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 109 15
Amortization of pension costs 366 169
Depreciation and amortization 1,290 1,393
Provision for loan losses 4,860 4,660
Net investment amortization 1,017 968
Net change in unearned fees/deferred costs on loans (421) (148)
Capitalized dividends on FHLB stock (14) (14)
Gain on securities available for sale (1,690) (1,712)
Impairment loss on securities available for sale 381 366
Gain on loans held for sale (438) (635)
Other real estate losses 3,195 579
Other asset sales losses 140 92
Deferred income taxes 407 328
Originations of loans held for sale, net of repayments (24,746) (40,662)
Sales proceeds of loans held for sale 29,132 47,141
(Increase) decrease in:    
Accrued interest receivable 410 1,026
Cash surrender value of bank owned life insurance (359) (340)
Other assets (655) (2,408)
Increase (decrease) in:    
Accrued interest payable (164) (1,102)
Other liabilities 718 3,376
Net cash provided by operating activities 15,594 15,218
Cash flows from investing activities:    
Purchases of securities available for sale (101,320) (109,546)
Sales of securities available for sale 61,074 60,695
Maturities of securities available for sale 26,655 53,832
Sales of nonperforming loans   500
Net (increase) decrease in other loans held for investment 6,662 (2,109)
Net (increase) decrease in:    
Interest bearing bank balances (31,744) 31,361
Federal funds sold   39,000
Bank premises and equipment (944) (18)
Net purchases of bank owned life insurance (25) (18)
Proceeds from sales of other real estate and other repossessed assets 4,863 3,483
Net cash provided by (used in) investing activities (34,779) 77,180
Cash flows from financing activities:    
Net increase (decrease) in deposits 49,075 (44,464)
Net increase (decrease) in short-term borrowings (28,434) 8,403
Proceeds from other borrowings 686  
Repayments of other borrowings (5,610) (63,636)
Earnings distributions to noncontrolling interests   (1)
Common dividends paid (185) (183)
Preferred dividends paid (300) (750)
Net cash provided by (used in) financing activities 15,232 (100,631)
Net decrease in cash and due from banks (3,953) (8,233)
Cash and due from banks at January 1 45,099 42,446
Cash and due from banks at June 30 41,146 34,213
Supplemental disclosures:    
Total interest paid 9,346 14,203
Total income taxes paid 3 231
Income tax refunds received   210
Transfers of loans to foreclosed property 7,618 11,539
Transfers of buildings to foreclosed property   176
U. S. Treasury preferred dividend accrued but unpaid 75 187
Accretion on U. S. Treasury preferred stock $ 572 $ 126