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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 3,981$ 4,046
Adjustments to reconcile net income to net cash provided by operating activities:  
Origination of loans for sale(5,231)(22,296)
Sale of loans originated for sale5,33023,366
Depreciation and amortization, net of accretion1,6561,570
Amortization of mortgage servicing rights10381
Stock based compensation expense2727
Gain on sale of securities, net(683)(853)
Gain on sale of loans held-for-sale, net(137)(607)
Net losses due to other-than-temporary impairment of securities0128
Loss on foreclosed real estate, net(786)201
Provision for loan losses2,6354,120
Net change in:  
Interest receivable266262
Other assets1,4181,590
Cash value of bank owned life insurance(299)(306)
Accrued expenses and other liabilities1,3332,018
Total adjustments5,6329,301
Net cash - operating activities9,61313,347
CASH FLOWS FROM INVESTING ACTIVITIES:  
Proceeds from maturities and pay downs of securities available-for-sale30,98222,743
Proceeds from sales of securities available-for-sale13,56216,630
Purchases of securities available-for-sale(65,243)(53,240)
Proceeds from maturities and pay downs of securities held-to-maturity1,8071,063
Proceeds from sale of Federal Home Loan Bank Stock2960
Net change in loans receivable7,94319,210
Proceeds from sales of foreclosed real estate2,2791,495
Purchase of premises and equipment, net(268)(847)
Net cash - investing activities(8,642)7,054
CASH FLOWS FROM FINANCING ACTIVITIES:  
Change in deposits7,392(2,626)
Proceeds from FHLB advances3,00013,000
Repayment of FHLB advances(3,000)(22,000)
Change in other borrowed funds5,195(4,293)
Proceeds from sale of treasury stock92122
Dividends paid(1,274)(1,775)
Net cash - financing activities11,405(17,572)
Net change in cash and cash equivalents12,3762,829
Cash and cash equivalents at beginning of period10,93813,222
Cash and cash equivalents at end of period23,31416,051
SUPPLEMENTAL CASH FLOW INFORMATION:  
Interest2,5604,035
Income taxes7381,185
SUPPLEMENTAL NONCASH INFORMATION:  
Transfers from loans to foreclosed real estate5853,573
Transfers from loans to loans held for sale05,167
Transfers from securities held-to-maturity to available-for-sale$ 16,437$ 0