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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 6,446 $ 3,482
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 710 666
Provision for loan losses   6,395
Amortization of premiums / discounts on investment securities, net 2,086 1,660
Amortization of intangible assets 200 172
Share-based compensation expense 243 128
Gain on sale of available for sale securities (3,591) (1,367)
Originations of loans held for sale (89,060) (81,323)
Proceeds from sale of loans held for sale 101,823 93,937
Net increase in bank owned life insurance (244) (262)
Decrease / (increase) in deferred tax asset 4,007 (1,094)
Deferred tax assets valuation allowance adjustment   (1,500)
Decrease in other assets 640 1,917
Increase / (decrease) in other liabilities 132 (2,530)
Net Cash Provided By Operating Activities 23,392 20,281
Cash flows from investing activities:    
Purchase of securities, available for sale (89,559) (98,527)
Sale of available for sale securities 105,097 53,887
Maturities and calls of available for sale securities 544 3
Proceeds from principal paydowns of available for sale securities 26,249 23,936
(Purchase) / redemption of Federal Home Loan Bank stock (164) 110
Increase in loans, net (58,809) (26,319)
Allowance for loan and lease loss recoveries 683 467
Purchase of property, premises and equipment, net (2,395) (10,565)
Proceeds from sale of foreclosed collateral 1,374 578
Net Cash (Used In) Investing Activities (16,980) (56,430)
Cash flows from financing activities:    
Increase in deposits, net 12,459 47,705
Proceeds from Federal Home Loan Bank borrowing 99,000 103,500
Repayments of Federal Home Loan Bank borrowing (113,000) (115,000)
Tax impact of share based compensation expense   14
Proceeds from exercise of stock options 78 84
Preferred stock dividends paid (526) (2,488)
Net Cash (Used In) / Provided By Financing Activities (1,989) 33,815
Net increase / (decrease) in cash and cash equivalents 4,423 (2,334)
Cash and cash equivalents, beginning of period 34,116 34,892
Cash and cash equivalents, end of period 38,539 32,558
Cash Flow Information    
Interest paid 1,738 2,280
Income taxes paid 2,100 515
Non-Cash Flow Information    
Change in unrealized gain on available for sale securities 9,317 3,396
Loans transferred to foreclosed collateral 1,374 769
Accretion of preferred stock discount $ 189 $ 187