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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities    
Net income $ 3,608 $ 2,594
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 989 1,056
Provision for loan losses 6,002 8,001
Stock compensation expense 2 9
Deferred income tax (benefit) (1,172) (2,362)
Loans originated for sale (5,463) (6,978)
Proceeds from loans sold 5,251 7,027
Securities (gains) (2,245) (3,463)
Other-than-temporary impairment of securities 375 2,245
(Gain) loss on disposal of assets 583 (277)
Write-downs of foreclosed properties 6,114 5,770
Amortization of securities premiums (accretion of discounts), net 3,181 1,455
Amortization of goodwill and purchase accounting adjustments, net 272 272
Decrease in accrued interest receivable 431 483
(Increase) in cash surrender value of bank owned life insurance (781) (576)
(Increase) in other assets (972) (685)
(Decrease) in other liabilities (140) (343)
Net cash provided by operating activities 16,035 14,228
Cash Flows from Investing Activities    
Proceeds from interest bearing deposits with other banks 14,853 6,592
Proceeds from maturities and calls of securities available for sale 4,056 6,985
Proceeds from sales of securities available for sale 64,567 97,826
Principal payments received on securities available for sale 47,584 43,385
Purchases of securities available for sale (120,114) (170,045)
Proceeds from maturities and calls of other investments    5,999
Redemption of Federal Home Loan Bank Stock 3,048 2,914
Net principal payments received on loans 13,736 13,680
Purchases of premises and equipment (170) (298)
Proceeds from sales of other repossessed assets & property held for sale 6,998 11,674
Purchase of life insurance contracts    (15,000)
Net cash provided by (used in) investing activities 34,558 3,712
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 15,662 55,328
Net (decrease) in time deposits (4,856) (44,958)
Net increase (decrease) in short-term borrowings 5,002 (627)
Proceeds from long-term borrowings    842
Repayment of long-term borrowings (66,510) (32,920)
Dividends paid on preferred stock (537) (223)
Proceeds from issuance of preferred stock    3,562
Net cash provided by (used in) financing activities (51,239) (18,996)
(Decrease) in cash and due from banks (646) (1,056)
Cash and due from banks:    
Beginning 4,398 [1] 4,652
Ending 3,752 3,596
Supplemental Disclosures of Cash Flow Information    
Interest 19,335 24,120
Income taxes 1,834 1,925
Supplemental Schedule of Noncash Investing and Financing Activities    
Other assets acquired in settlement of loans $ 5,266 $ 9,289
[1] December 31, 2011 financial information has been extracted from audited consolidated financial statements