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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 3,144 $ 3,615
Adjustments to reconcile net income to net cash provided by operating activities:    
PROVISION FOR LOAN LOSSES 650 480
Depreciation 226 233
Amortization of intangible assets 27 26
Deferred income taxes (8) 10
Net amortization of securities premiums and discounts 345 141
Net realized gain on sales of securities (224) (219)
Net increase in investment in life insurance (180) (182)
Loss on sale of bank premises and equipment and foreclosed real estate 0 10
Net gain on sale of mortgage loans and servicing rights (241) (205)
Mortgage loans originated for sale (6,530) (10,451)
Proceeds from sale of mortgage loans originated for sale 6,771 10,656
Compensation expense related to stock options 82 78
Decrease (increase) in accrued interest receivable and other assets (182) 745
Increase (decrease) in accrued interest payable and other liabilities 841 (273)
Net cash provided by operating activities 4,721 4,664
CASH FLOWS FROM INVESTING ACTIVITIES    
Securities available for sale: Proceeds from sales 10,344 12,611
Securities available for sale: Proceeds from maturities and principal reductions on mortgage-backed securities 15,918 32,567
Securities available for sale: Purchases (18,769) (54,926)
Securities held to maturity, proceeds from maturities 0 540
Redemption of FHLB stock 328 0
Net decrease in loans 8,527 8,928
Purchase of bank premises and equipment (63) (105)
Acquisition, net of cash and cash equivalents acquired 4,544 0
Net cash provided (used in) investing activities 20,829 (385)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 8,990 16,290
Net decrease in short-term borrowings (1,128) (1,425)
Repayments of other borrowings 3,015 0
Stock options exercised 0 89
Tax benefit on stock options exercised 0 30
Acquisition of treasury stock (207) (529)
Cash dividends paid (1,604) (1,547)
Net cash used in financing activities 3,036 12,908
Increase in cash and cash equivalents 28,586 17,187
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 16,625 17,355
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 45,211 $ 34,542