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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net loss $ (3,677) $ (7,457) $ (7,822)
Adjusting to reconcile net loss to net cash from operating activities:      
Depreciation and amortization 366 404 432
Provision for loan losses 3,014 9,487 8,105
Premium amortization of investment securities 152 211 17
Amortization of intangible assets 0 566 194
Net gains on sales and early redemptions of investment securities (989) (2,080) (12)
Net impairment losses on investment securities 0 0 2,333
Net (gains) losses on sales of loans held for sale 0 (6) 10
Net losses and writedowns of other real estate owned 613 43 427
Loans originated for sale 0 0 (312)
Proceeds from sales and principal payments from loans held for sale 0 196 273
(Increase) decrease in accrued interest receivable 372 613 250
Deferred taxes 0 845 2,372
Net increase in bank-owned life insurance (190) (193) (192)
Increase in other assets (2,577) (1,935) (6,103)
(Decrease) increase in accrued expenses and other liabilities 13,580 670 70
Net cash provided by operating activities 10,664 1,364 42
Investing activities      
Decrease in loans, net 33,330 23,532 (8,993)
Decrease in interest-bearing deposits with banks 1,349 (2,680) 117
Proceeds from maturities of investment securities available for sale, including principal repayments and early redemptions 20,588 42,300 27,100
Proceeds from maturities of investment securities held to maturity, including principal repayments and early redemptions 0 1,247 15,574
Proceeds from sales of investment securities available for sale 31,865 70,718 189
Purchases of investment securities available for sale (40,658) (56,513) (22,096)
Purchases of investment securities held to maturity 0 0 (2,462)
Proceeds from sales other real estate owned 0 556 275
Purchases of premises and equipment (78) (429) (139)
Net cash provided by investing activities 46,396 78,731 9,565
Financing activities      
Decrease in deposits (39,280) (41,725) (26,841)
Decrease in short-term borrowings 0 (100) (1,750)
Decrease in short-term portion of long-term debt 0 0 (2,600)
(Decrease) increase in long-term debt 0 (29,800) 0
Proceeds from issuance of preferred stock 0 0 9,439
Issuance (purchases) of treasury stock 2 0 (3)
Dividends paid on preferred stock 0 0 (1,094)
Dividends paid on common stock 0 0 (263)
Net cash (used in) provided by financing activities (39,278) (71,625) (23,112)
Net increase (decrease) in cash and cash equivalents 17,782 8,470 (13,505)
Cash and cash equivalents at beginning of year 20,778 12,308 25,813
Cash and cash equivalents at end of year 38,560 20,778 12,308
Cash paid during the year      
Interest 4,951 7,432 9,864
Income taxes (1,417) 59 1,279
Non-cash transactions      
Transfer of investments from held to maturity to available for sale 0 39,144 183
Transfer of loans to other real estate owned 140 244 1,508
Transfer of loans held for sale to loans $ 0 $ 0 $ 106