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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net earnings $ 1,990 $ 1,739
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 2,853 2,272
Provision for loan losses 6,318 5,561
Gain on sale of investment securities (1,256) (268)
Write-down of investment securities 0 100
Loss/(Gain) on sale of other real estate and repossessions 143 (238)
Write-down of other real estate and repossessions 565 352
Restricted stock expense 7 5
Change in:    
Mortgage loans held for sale 1,847 984
Cash surrender value of life insurance (121) (128)
Other assets 394 (648)
Other liabilities (135) 514
Net cash provided by operating activities 12,605 10,245
Cash flows from investing activities:    
Net change in certificates of deposit 0 1,938
Purchases of investment securities available for sale (80,971) (102,354)
Proceeds from calls, maturities and paydowns of investment securities available for sale 24,749 48,061
Proceeds from sale of investment securities available for sale 35,269 5,238
Purchases of other investments (232) 0
Proceeds from sale of other investments 153 0
Net change in loans 24,691 19,810
Purchases of premises and equipment (1,214) (283)
Proceeds from sale of other real estate and repossessions 1,679 3,954
Net cash provided (used) by investing activities 4,124 (23,636)
Cash flows from financing activities:    
Net change in deposits (8,302) 39,894
Net change in demand notes payable to U.S. Treasury (348) (313)
Net change in securities sold under agreement to repurchase 10,418 4,027
Proceeds from FHLB borrowings 5,000 0
Repayments of FHLB borrowings (5,000) (7,000)
Restricted stock payout 9 0
Cash dividends paid on Series A preferred stock (626) (626)
Cash dividends paid on common stock (222) (221)
Net cash provided by financing activities 929 35,761
Net change in cash and cash equivalent 17,658 22,370
Cash and cash equivalents at beginning of period 23,977 31,340
Cash and cash equivalents at end of period 41,635 53,710
Cash paid during the year for:    
Interest 5,924 7,584
Income taxes 112 834
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net (2,921) (1,523)
Change in unrealized gain on derivative financial instruments, net 395 244
Transfer of loans to other real estate and repossessions 6,051 4,280
Financed portion of sale of other real estate 3,222 1,531
Accretion of Series A preferred stock $ 70 $ 70