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Consolidated Statement of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net loss $ (2,672,000) $ 118,000
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 213,000 210,000
Provision for loan losses 2,014,000 2,391,000
Premium amortization of investment securities 54,000 61,000
Amortization of intangible assets 0 75,000
Net gains on securities transactions 0 (529,000)
Net gains on sales of loans held for sale 0 (6,000)
Net gains on other real estate owned 178,000 (17,000)
Loans originated for sale 0 0
Proceeds from sales and principal payments from loans held for sale 0 196,000
(Increase) decrease in accrued interest receivable 228,000 401,000
Deferred taxes 0 1,195,000
Increase in bank-owned life insurance (94,000) (96,000)
Decrease in other real estate owned 0 0
Decrease (increase) in other assets 4,311,000 205,000
(Decrease) increase in accrued expenses and other liabilities (1,342,000) 296,000
Net cash provided by operating activities 2,890,000 4,500,000
Investing activities    
Decrease in loans, net 17,862,000 10,148,000
Decrease in interest-bearing deposits with banks 1,155,000 27,000
Proceeds from maturities of investment securities available for sale, including principal repayments and early redemptions 10,223,000 23,594,000
Proceeds from maturities of investment securities held to maturity, including principal repayments and early redemptions 0 1,247,000
Proceeds from sales of investment securities available for sale 0 14,502,000
Purchases of investment securities available for sale (3,334,000) (14,257,000)
Proceeds from sales other real estate owned 0 556,000
Purchases of premises and equipment (15,000) (456,000)
Net cash provided by investing activities 25,891,000 35,361,000
Financing activities    
Decrease in deposits (18,219,000) (9,336,000)
Decrease in long-term debt 0 500,000
Increase in short-term borrowings 0 (2,000,000)
Issuance of treasury stock 2,000 0
Net cash provided by financing activities (18,217,000) (10,836,000)
Net increase in cash and cash equivalents 10,564,000 29,025,000
Cash paid during the year    
Interest 2,495,000 3,706,000
Income taxes 66,000 10,000
Non-cash transactions    
Transfer of held to maturity investment portfolio to available for sale portfolio $ 0.000 $ 39,144,000.000