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Condensed 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 $ 2,963 $ 2,680
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 505 605
Provision for loan losses 1,587 320
Amortization of premiums and (accretion of discounts), net 92 170
Amortization of intangible assets and mortgage servicing rights 277 360
Realized gains on sales of available for sale securities, net (1,352) (482)
Net losses on foreclosed real estate 21 8
Restricted stock and stock option compensation 92 71
Increase in bank-owned life insurance, net (180) (159)
(Increase) decrease in accrued interest receivable (106) 105
(Increase) decrease in prepaid expenses and other assets (643) 321
Decrease in accrued interest payable (25) (105)
Increase (decrease) in accrued expenses and other liabilities (13) 742
Net cash provided by operating activities 3,218 4,636
Cash flows from investing activities    
Loan originations and principal collections, net (20,975) (1,542)
Available for sale securities:    
Sales 11,639 27,493
Maturities, repayments and calls 78,146 49,026
Purchases (109,243) (76,326)
Redemption of federal bank stocks 493 324
Proceeds from the sale of foreclosed real estate 271 499
Write-down of foreclosed real estate 0 5
Purchases of premises and equipment (431) (450)
Purchase of bank-owned life insurance (4,000) 0
Net cash used in investing activities (44,100) (971)
Cash flows from financing activities    
Net increase in deposits 37,029 8,397
Repayments on Federal Home Loan Bank advances 0 (5,000)
Repayments on other borrowed funds 0 (5,000)
Dividends paid (1,313) (1,136)
Proceeds from the issuance of common stock 0 4,577
Proceeds from the issuance of preferred stock (Series B) 0 10,000
Redemption of preferred stock (Series A) 0 (7,500)
Net cash provided by financing activities 35,716 4,338
Increase (decrease) in cash and cash equivalents (5,166) 8,003
Cash and cash equivalents at beginning of period 28,193 19,027
Cash and cash equivalents at end of period 23,027 27,030
Supplemental information:    
Interest paid 3,837 4,614
Income taxes paid 1,465 115
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate $ 288 $ 492