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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (2,988) $ (10,917)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Provision for loan losses 5,050 16,250
Write downs on other real estate owned 1,118 885
Gain on sale of other real estate owned   (246)
Depreciation and amortization 1,061 968
Share based compensation 168 120
Impairment charges on investment securities 2 372
Amortization of premiums/(discounts) on investment securities 45 27
Proceeds from sales of SBA loans 25,895 0
SBA loans originated for sale (29,368) 0
Gains on sales of SBA loans originated for sale (2,354) 0
Increase in value of bank owned life insurance (66) (102)
Increase in accrued interest receivable and other assets (1,456) (4,145)
Increase in accrued interest payable and other liabilities 404 698
Net cash (used in) provided by operating activities (2,489) 3,910
Cash flows from investing activities:    
Purchase of investment securities available for sale (24,886) 0
Proceeds from maturity or call of securities available for sale 8,924 13,384
Proceeds from maturity or call of securities held to maturity 8 9
Proceeds from redemption of FHLB stock 620 0
Net (increase) decrease in loans (20,419) 5,252
Net proceeds from sale of other real estate owned 1,010 2,988
Premises and equipment expenditures (373) (239)
Net cash (used in) provided by investing activities (35,116) 21,394
Cash flow from financing activities:    
Net proceeds from stock offering 0 28,100
Net stock purchases for deferred compensation plans 0 (100)
Net increase (decrease) in demand, money market and savings deposits 8,158 (12,045)
Net increase (decrease) in time deposits 17,214 (65,638)
Net decrease in other borrowings 0 (25,000)
Net increase in short term borrowings 0 9,149
Net cash provided by (used in) financing activities 25,372 (65,534)
Net decrease in cash and cash equivalents (12,233) (40,230)
Cash and cash equivalents, beginning of year 35,865 55,618
Cash and cash equivalents, end of year 23,632 15,388
Supplemental disclosures:    
Interest paid 3,567 5,428
Non-cash transfers from loans to other real estate owned $ 0 $ 663