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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net income $ 863 $ 1,429
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,250 3,000
Net amortization of purchase premiums and discounts on securities 265 514
Depreciation and amortization 495 609
Deferred income tax expense (benefit) 147 (664)
Net security gains (87) (8)
Stock compensation expense 77 140
(Gain) Loss on the sale of other real estate owned (51) 4
Gain on sale of SBA loans held for sale, net (510) (147)
Gain on sale of mortgage loans (256) (258)
Origination of mortgage loans held for sale (15,692) (14,314)
Origination of SBA loans held for sale (9,347) (2,101)
Proceeds from the sale of mortgage loans held for sale, net 15,948 14,572
Proceeds from the sale of SBA loans held for sale, net 6,501 1,561
Loss on the sale of premises and equipment 199 3
Net change in other assets and liabilities (1,242) 1,587
Net cash provided by operating activities 1,560 5,927
INVESTING ACTIVITIES    
Purchases of securities available for sale (22,685) (20,978)
Maturities and principal payments on securities held to maturity 5,606 4,179
Maturities and principal payments on securities available for sale 18,868 32,041
Proceeds from sale of securities held to maturity 2,168 1,893
Proceeds from sale of securities available for sale 10,273 8,838
Proceeds from sale of other real estate owned 306 1,954
Proceeds from redemption of Federal Home Loan Bank stock 118 21
Net decrease in loans 99 13,475
Purchase of bank owned life insurance   (2,500)
Proceeds from the sale of premises and equipment 225 26
Purchases of premises and equipment (488) (207)
Net cash provided by investing activities 14,490 38,742
FINANCING ACTIVITIES    
Net decrease in deposits (13,621) (65,007)
Proceeds from new borrowings   2,672
Proceeds from the exercise of stock options 443 41
Cash dividends paid on preferred stock (516) (516)
Net cash used in financing activities (13,694) (62,810)
Increase (decrease) in cash and cash equivalents 2,356 (18,141)
Cash and cash equivalents, beginning of period 43,926 73,635
Cash and cash equivalents, end of period 46,282 55,494
SUPPLEMENTAL DISCLOSURES    
Cash: Interest paid 5,478 7,779
Cash: Income taxes paid 345 954
Noncash investing activities:    
Transfer of loans to other real estate owned $ 1,385 $ 4,152