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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 806 $ 1,953
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 380 478
Provision for loan losses 2,350 3,600
Deferred income tax benefit 853 697
Amortization of intangible assets 183 202
Amortization less accretion on investments 374 7
Amortization of deferred loan costs and fees, net 428 445
Amortization of deferred compensation on restricted stock 58 130
Write downs of other real estate owned 487 398
Net gain on sales of securities available-for-sale (375) (1,265)
Net loss on sale of other real estate owned 103 78
Disbursements of loans held for sale (18,964) (18,875)
Proceeds from sales of loans held for sale 22,317 15,396
Decrease in income tax receivable 2,784 9,634
Decrease in interest receivable 486 546
Decrease in interest payable (181) (403)
Decrease (increase) in other assets 273 (2,250)
Increase (decrease) in other liabilities (57) 679
Net cash provided by operating activities 12,305 11,450
Cash flows from investing activities:    
Net decrease in loans to customers 24,974 29,364
Purchases of securities available-for-sale (1,709) (56,707)
Proceeds from maturities and sales of securities available-for-sale 21,896 70,297
Purchases of nonmarketable equity securities (44) (216)
Proceeds from sales of nonmarketable equity securities 897  
Proceeds from sales of other real estate owned 1,197 4,149
Purchases of premises and equipment (18) (65)
Net cash provided by investing activities 47,193 46,822
Cash flows from financing activities:    
Net increase (decrease) in deposit accounts (20,566) 5,293
Advances of Federal Home Loan Bank borrowings   20,000
Repayments of Federal Home Loan Bank borrowings   (20,000)
Sales of treasury stock 122 236
Capitalized expenses associated with rights offering   (54)
Net cash provided (used) by financing activities (20,444) 5,475
Net increase in cash and cash equivalents 39,054 63,747
Cash and cash equivalents, beginning of period 37,175 49,131
Cash and cash equivalents, end of period $ 76,229 $ 112,878