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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net income (loss) $ 917 $ (3,708) $ (8,833)
Adjustments to Reconcile Net Income to Net Cash from Operating Activities      
Depreciation and amortization 3,884 2,743 2,121
Provision for loan losses 12,150 21,530 25,770
Gain on sale of loans (5,581) (5,698) (5,891)
Proceeds from sales of loans originated for sale 248,631 268,874 309,558
Loans originated for sale (241,051) (265,486) (306,658)
(Gains) losses on securities transactions 0 (31) 24
Change in deferred income taxes (661) (2,748) (2,672)
Stock option expense 138 92 150
Increase in cash surrender value of bank-owned life insurance (428) (451) (493)
Change in investment in limited partnership (93) (106) (135)
Goodwill impairment 0 0 3,469
Change in accrued interest receivable and other assets 3,741 4,933 (5,410)
Change in accrued interest payable and other liabilities (928) 117 441
Total adjustments 19,802 23,769 20,274
Net cash from operating activities 20,719 20,061 11,441
Securities available for sale      
Purchases (82,544) (82,785) (43,373)
Sales 0 4,376 0
Maturities and calls 15,873 32,517 26,789
Principal payments 17,122 11,397 6,629
Sale, retirement or (purchase) of FHLB stock 217 204 0
Net change in portfolio loans 8,353 38,302 21,090
Premises and equipment expenditures (719) (201) (514)
Net cash from investing activities (41,698) 3,810 10,621
Cash Flows from Financing Activities      
Net change in deposits 30,858 (48,803) 73,252
Net change in short term borrowings (1,234) 1,234 0
Principal payments on other borrowings (6,286) (11,777) (18,438)
Proceeds from other borrowings 0 0 10,500
Proceeds from issuance of preferred stock and warrants 0 0 20,600
Proceeds from public stock offering and other common stock transactions 41 17,138 98
Cash dividends paid on common and preferred (1,030) (1,030) (957)
Net cash from financing activities 22,349 (43,238) 85,055
Net change in cash and cash equivalents 1,370 (19,367) 107,117
Cash and cash equivalents at beginning of year 106,222 125,589 18,472
Cash and cash equivalents at end of period 107,592 106,222 125,589
Supplemental Disclosures:      
Interest paid 6,235 9,004 12,707
Income tax paid 20 0 0
Loans transferred to other real estate $ 3,250 $ 3,379 $ 1,814