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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net earnings $ 4,580 $ 3,382
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 6,651 3,915
Provision for loan losses 4,413 9,696
Gain on sale of investment securities (1,203) (2,495)
Loss on sale of other real estate 21 181
Write-down of other real estate 689 845
Restricted stock expense 17 5
Change in:    
Mortgage loans held for sale (838) 1,666
Cash surrender value of life insurance (307) (182)
Other assets 565 1,546
Other liabilities 826 438
Net cash provided by operating activities 15,414 18,997
Cash flows from investing activities:    
Net change in certificates of deposit 0 735
Purchases of investment securities available for sale (55,617) (158,631)
Proceeds from calls, maturities and paydowns of investment securities available for sale 48,123 39,813
Proceeds from sales of investment securities available for sale 47,062 72,292
Purchases of other investments (493) (215)
Proceeds from sale of other investments 606 197
Net change in loans 35,910 36,659
Purchases of premises and equipment (657) (775)
Purchases of bank owned life insurance 0 (5,000)
Proceeds from sale of other real estate 4,611 2,656
Net cash provided (used) by investing activities 79,545 (12,269)
Cash flows from financing activities:    
Net change in deposits (58,641) 2,329
Net change in demand notes payable to U.S. Treasury 0 (504)
Net change in securities sold under agreement to repurchase 3,536 13,607
Proceeds from FHLB borrowings 25,400 5,000
Repayments of FHLB borrowings (25,400) (5,000)
Preferred stock repurchase (11,695) 0
Warrant repurchase (425) 0
Restricted stock payout 0 9
Stock options exercised 410 0
Cash dividends paid on preferred stock (866) (940)
Cash dividends paid on common stock (610) (333)
Net cash (used) provided by financing activities (68,291) 14,168
Net change in cash and cash equivalent 26,668 20,896
Cash and cash equivalents at beginning of period 29,236 23,977
Cash and cash equivalents at end of period 55,904 44,873
Cash paid during the year for:    
Interest 6,609 8,613
Income taxes 1,190 132
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net 2,414 (4,370)
Change in unrealized gain on derivative financial instruments, net 0 395
Transfer of loans to other real estate and repossessions 4,669 7,041
Financed portion of sale of other real estate 330 4,047
Accretion of Series A preferred stock 70 106
Discount on preferred stock $ 835 $ 0