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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Cash flows - operating activities    
Net loss$ (1,686)$ (143)$ (5,070)$ (2,714)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation  515488
Gain on sales of securities(135)0(277)(653)
Net impairment loss on securities  163659
Provision for loan and lease losses2,0003385,7004,568
Write-down of other real estate owned7971,0762,1252,500
Net (gain) loss on sale of other real estate owned(14)426(12)26
Amortization of other intangible assets01160348
Net change in accrued interest receivable and other assets  8461,008
Net change in accrued interest payable and other liabilities  (324)(712)
Restricted stock awards expense  2100
Net cash - operating activities  3,8765,518
Cash flows - investing activities    
Proceeds from maturities, calls and principal reductions of securities available for sale  6,2459,588
Proceeds from sales of securities available for sale  19,85241,193
Purchases of securities available for sale  (19,793)(6,224)
Change in loans made to customers  20,13514,266
Property and equipment expenditures  (175)(289)
Improvements to other real estate owned  0(34)
Proceeds from sales of other real estate owned  7,99810,496
Net cash - investing activities  34,26268,996
Net increase (decrease) in:    
Deposits  (11,444)(55,280)
Securities sold under repurchase agreements  (14,830)(7,293)
Advances from borrowers for taxes and insurance  (754)(311)
Net cash - financing activities  (27,028)(62,884)
Net change in cash and cash equivalents  11,11011,630
Cash and cash equivalents at beginning of period  30,35734,194
Cash and cash equivalents at end of period41,46745,82441,46745,824
Cash paid for interest  2,1774,473
Noncash transfer of loans to other real estate owned  8,12810,470
Noncash accrual of preferred dividends$ 699$ 665$ 699$ 665