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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income (loss) $ 1,589 $ (219)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for loan losses 600 1,175
Loss (gain) on sale of other real estate owned 9 (229)
Write down of other real estate owned 667 1,442
Depreciation and amortization 1,779 1,626
Stock based compensation 309 237
Gain on sale and call of investment securities (458) (703)
Impairment charges on investment securities 7 0
Amortization of premiums on investment securities 414 613
Proceeds from sales of SBA loans originated for sale 29,485 39,519
SBA loans originated for sale (22,529) (42,704)
Gains on sales of SBA loans originated for sale (2,814) (3,863)
Increase in value of bank owned life insurance 0 (13)
Increase in accrued interest receivable and other assets (1,747) (2,129)
Net (decrease) increase in accrued interest payable and other liabilities (184) 723
Net cash provided by (used in) operating activities 7,127 (4,525)
Cash flows from investing activities    
Purchase of investment securities available for sale (46,823) (50,054)
Proceeds from the sale of securities available for sale 5,700 7,946
Proceeds from the maturity or call of securities available for sale 20,114 27,315
Proceeds from the maturity or call of securities held to maturity 1,166 0
Net (purchase) redemption of restricted stock (155) 2,246
Net increase in loans (73,852) (34,595)
Net proceeds from sale of other real estate owned 91 1,994
Surrender proceeds on bank owned life insurance 0 10,503
Premises and equipment expenditures (8,798) (831)
Net cash used in investing activities (102,557) (35,476)
Cash flow from financing activities    
Net proceeds from stock offering 44,853 0
Net increase (decrease) in demand, money market and savings deposits 121,245 (4,041)
Net decrease in time deposits (704) (39,657)
Net cash provided by (used in) financing activities 165,394 (43,698)
Net increase (decrease) in cash and cash equivalents 69,964 (83,699)
Cash and cash equivalents, beginning of year 35,880 128,004
Cash and cash equivalents, end of period 105,844 44,305
Supplemental disclosures:    
Interest paid 3,335 3,476
Income taxes paid 70 185
Non-cash transfers from loans to other real estate owned 483 246
Transfer of available-for-sale securities to held-to-maturity securities $ 70,118 $ 0