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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
Consolidated Statements of Cash Flows      
Net earnings $ 5,538 $ 5,346 $ 2,404
Adjustments to reconcile net earnings to net cash provided by:      
Provision for loan and lease losses 2,450 3,580 5,250
Depreciation and amortization 665 579 477
Premium amortization and discount accretion, net 2,445 2,071 1,562
Deferred tax benefit (368) (777) (2,190)
Net (gain) loss on securities available for sale (878) (1,423) 1,723
Net gain on sale of loans held for sale (1,680) (2,143) (3,002)
Loss on nonmarketable equity investments 0 0 1,980
Net loss (gain) on other real estate owned 1,830 1,217 (64)
Loans originated for sale (71,350) (100,721) (157,041)
Proceeds from sale of loans 73,550 102,940 158,067
Net loss on dispostion of premises and equipment 0 4 0
Increase in cash surrender value of bank owned life insurance (460) (452) (424)
Loss on prepayment of long-term debt 0 679 0
Loss on affordable housing partnership investments 646 323 228
Net decrease (increase) in other assets 1,015 1,694 (4,409)
Net increase (decrease) in accrued expenses and other liabilities 685 (1,034) (240)
Net cash provided by operating activities 14,088 11,883 4,321
Cash flows from investing activities:      
Proceeds from sales of securities available-for-sale 128,715 180,206 146,966
Proceeds from maturities of securities available-for-sale 95,641 194,570 105,497
Purchase of securities available-for-sale (200,106) (359,547) (288,633)
Increase in loans, net (2,824) (3,221) (17,593)
Net purchases of premises and equipment (1,568) (146) (824)
Proceeds from sale of other real estate owned 1,966 660 724
Improvements to other real estate owned 0 0 (129)
Capital contributions to affordable housing limited partnerships (4,378) (1,500) 0
Net decrease (increase) in FHLB stock 856 227 (107)
Net cash provided by (used in) investing activities 18,302 11,249 (54,099)
Cash flows from financing activities:      
Net increase (decrease) in noninterest-bearing deposits 18,616 11,163 (1,516)
Net (decrease) increase in interest-bearing deposits (6,191) 16,555 30,082
Net increase (decrease) in federal funds purchased and securities sold 120 (13,275) 5,050
Repayments or retirement of long-term debt (8,018) (25,697) (5,019)
Stock repurchases 0 (9) (90)
Proceeds from sale of treasury stock 1 2 3
Dividends paid (2,914) (2,842) (2,770)
Net cash provided by financing activities 1,614 (14,103) 25,740
Net change in cash and cash equivalents 34,004 9,029 (24,038)
Cash and cash equivalents at beginning of period 21,424 12,395 36,433
Cash and cash equivalents at end of period 55,428 21,424 12,395
Supplemental disclosures of cash flow information:      
Interest paid 11,713 15,044 18,560
Income taxes paid 347 2,113 1,830
Supplemental disclosure of non-cash transactions:      
Real estate acquired through foreclosure $ 3,569 $ 2,710 $ 7,499