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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES    
Net income $ 2,997 $ 3,201
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan losses (1,125) (1,775)
Depreciation expense 766 743
Net amortization of investment securities 533 301
Net realized (gains) losses on investment securities available for sale (12) 358
Net gains on sale of loans (527) (417)
Amortization of deferred loan fees (86) (134)
Origination of mortgage loans held for sale (39,517) (23,964)
Sales of mortgage loans held for sale 41,145 29,300
Decrease (increase) in accrued interest income receivable 57 (461)
Decrease in accrued interest expense payable (492) (976)
Earnings on bank owned life insurance (427) (435)
Deferred income taxes 1,247 2,205
Stock based compensation expense 9 11
Decrease in prepaid Federal Deposit Insurance 200 872
Net (increase) decrease in other assets (1,698) 3,141
Net increase (decrease) in other liabilities 1,077 (1,745)
Net cash provided by operating activities 4,147 10,225
INVESTING ACTIVITIES    
Purchases of investment securities - available for sale (27,237) (63,412)
Purchases of investment securities - held to maturity (3,583) (1,991)
Proceeds from sales of investment securities - available for sale 4,221 16,518
Proceeds from maturities of investment securities - available for sale 28,730 22,693
Proceeds from maturities of investment securities - held to maturity 964 710
Proceeds from redemption of regulatory stock 574 705
Long-term loans originated (124,086) (58,217)
Principal collected on long-term loans 103,653 77,660
Loans purchased or participated (10,000) (3,500)
Loans sold or participated (8,500)  
Sale of other real estate owned 24 588
Purchases of premises and equipment (977) (803)
Net cash used in investing activities (19,217) (9,049)
FINANCING ACTIVITIES    
Net increase in deposit balances 37,613 7,317
Net decrease in other short-term borrowings (15,765) (4,550)
Principal repayments on advances from Federal Home Loan Bank (3,000) (28)
Purchases of treasury stock (4,061)  
Preferred stock dividends (525) (525)
Net cash provided by financing activities 14,262 2,214
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (808) 3,390
CASH AND CASH EQUIVALENTS AT JANUARY 1 34,783 19,337
CASH AND CASH EQUIVALENTS AT JUNE 30 $ 33,975 $ 22,727