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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 2,856 $ 2,913
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 405 333
Change in deferred taxes (87) (644)
Provision for loan losses 1,500 2,100
Loans originated for resale (19,144) (1,550)
Proceeds from sales and transfers of loans 20,506 1,443
Net gain on sales of loans (571) (77)
Net gain on sale or call of securities (299) (523)
Net amortization of premiums on investments 615 697
Net loss on sale of other real estate owned 49 43
Provision for losses on other real estate owned 9 0
Equity compensation expense 54 24
Net (increase) decrease in other assets and accrued interest (1,491) 417
Net increase in other liabilities 472 1,393
Amortization of investment in limited partnership 130 119
Net acquisition amortization 82 32
Net cash provided by operating activities 5,086 6,720
Cash flows from investing activities    
Interest-bearing deposits in other banks (4,303) (1,532)
Proceeds from sales of securities available for sale 4,965 10,943
Proceeds from maturities, payments and calls of securities available for sale 19,639 11,656
Proceeds from maturities, payments and calls of securities to be held to maturity 13,779 5,924
Proceeds from sales of other real estate owned 781 268
Purchases of securities available for sale (23,484) (54,096)
Purchases of securities to be held to maturity (21,235) (20,936)
Redemption of restricted equity securities 536 620
Net (increase) decrease in loans 3,894 (8,481)
Capital expenditures (284) (213)
Net cash used in investing activities (5,712) (55,847)
Cash flows from financing activities    
Net decrease in demand, savings, and money market accounts (5,086) (7,095)
Net increase in certificates of deposit 22,097 81,629
Net decrease in short-term borrowings (21,720) (25,505)
Repurchase of preferred stock (2,500) 0
Proceeds from sale of common stock 11,649 183
Dividends paid (2,249) (2,077)
Net cash provided by financing activities 2,191 47,135
Net increase (decrease) in cash and cash equivalents 1,565 (1,992)
Cash and cash equivalents at beginning of period 14,958 14,115
Cash and cash equivalents at end of period 16,523 12,123
Interest paid 3,201 3,390
Income taxes paid 0 0
Non-cash transactions    
Net transfer from loans to other real estate owned $ 633 $ 431