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Unaudited Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities    
Net income $ 1,214 $ 4,786
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,374 2,631
Net premium amortization of available for sale investment securities 1,551 763
Provision for loan losses 6,969 7,416
Noncash compensation expense 34 30
Mortgage loans originated for sale (11,395) (13,946)
Proceeds from sale of mortgage loans 12,574 15,107
Deferred income tax expense 1,684 1,723
Gain on sale of mortgage loans, net (292) (343)
Loss (gain) on disposal of premises and equipment, net 3 (15)
Net loss on sale and write downs of repossessed real estate 1,992 2,066
Net gain on sale of available for sale investment securities (823) (4,979)
Decrease in accrued interest receivable 43 1,340
Income from company-owned life insurance (461) (538)
Increase in other assets (2,412) (7,626)
Decrease in accrued interest payable (259) (822)
Decrease in other liabilities (39) (202)
Net cash provided by operating activities 12,757 7,391
Cash Flows from Investing Activities    
Proceeds from maturities and calls of available for sale investment securities 65,886 108,805
Proceeds from sale of available for sale investment securities 64,300 158,289
Purchase of available for sale investment securities (266,714) (245,375)
Purchase of restricted stock investments   (331)
Net principal collected in excess of loans originated for investment 42,810 20,350
Proceeds from surrender of company-owned life insurance 2,248 8,567
Purchase of premises and equipment (1,843) (3,418)
Proceeds from sale of repossessed assets 4,437 9,165
Proceeds from sale of equipment 2 30
Net cash (used in) provided by investing activities (88,874) 56,082
Cash Flows from Financing Activities    
Net decrease in deposits (16,670) (109,535)
Net increase in federal funds purchased and other short-term borrowings 17,257 29,752
Repayments of securities sold under agreements to repurchase and other long-term debt (7,335) (5,388)
Dividends paid, common and preferred (750) (1,487)
Shares issued under employee stock purchase plan 65 79
Net cash used in financing activities (7,433) (86,579)
Net decrease in cash and cash equivalents (83,550) (23,106)
Cash and cash equivalents at beginning of year 182,056 218,336
Cash and cash equivalents at end of period 98,506 195,230
Cash paid during the period for:    
Interest 13,082 19,952
Income taxes 1,000 189
Transfers from loans to other real estate 10,594 7,885
Cash dividends payable, preferred $ 188 $ 188