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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 $ 5,878 $ 4,769
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net increase in deferred loan fees (178) 149
Depreciation 717 917
Accretion (530) (546)
Amortization 5,240 2,336
Stock-based compensation 83 149
Tax benefit from exercise of stock options (25) (117)
Provision for credit losses 500 750
Net other than temporary impairment losses on investment securities 0 31
Net realized gains on sales and calls of available-for-sale investment securies (1,287) (249)
Net gain on sale and disposal of equipment (4) 0
Net gain on sale of other real estate owned (12) (608)
Increase in bank owned life insurance, net of expenses (292) (112)
Net gain on bank owned life insurance 0 (85)
Net decrease (increase) in accrued interest receivable and other assets 702 (724)
Net decrease in prepaid FDIC Assessments 384 558
Net (decrease) increase in accrued interest payable and other liabilities 4,410 2,278
Provision for deferred income taxes 514 974
Net cash (used in) provided by operating activities 16,100 10,470
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (136,392) (133,308)
Proceeds from sales or calls of available-for-sale investment securities 38,554 43,580
Proceeds from maturity and principal repayment of available-for-sale investment securities 64,933 24,011
Net decrease (increase) in loans 24,418 4,704
Proceeds from sale of other real estate owned 2,349 2,195
Purchases of premises and equipment (1,142) (1,024)
Purchases of bank owned life insurance (116) 0
FHLB stock (purchased) redeemed (957) 157
Proceeds from bank owned life insurance 0 146
Proceeds from sale of premises and equipment 5 0
Net cash provided by (used in) investing activities (8,348) (59,539)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) increase in demand, interest bearing and savings deposits 33,051 70,374
Net decrease in time deposits (8,751) (14,578)
Repayments of short-term borrowings to Federal Home Loan Bank 0 (10,000)
Purchase and retirement of common stock (61) 0
Proceeds from exercise of stock options 361 680
Repurchase of common stock warrant 0 (185)
Tax benefit from exercise of stock options 25 117
Cash dividend payments on preferred stock (262) (265)
Net cash used in financing activities 24,363 46,143
Increase (decrease) in cash and cash equivalents 32,115 (2,926)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 44,804 100,999
CASH AND CASH EQUIVALENTS AT END OF PERIOD 76,919 98,073
Cash paid during the period for:    
Interest 1,571 2,551
Income taxes 760 826
Non-cash investing and financing activities:    
Redemption of preferred stock Series A and issuance of preferred stock Series C 0 7,000
Transfer of loans to other real estate owned 2,337 244
Accrued preferred stock dividends $ 88 $ 42