XML 19 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (3,127) $ (5,230)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 65 86
Provision for loan losses 894 2,193
Deferred income taxes 0 772
Increase in income taxes receivable 0 (772)
Gain on sale of securities (153) (1,344)
Loss on early extinguishment of debt 0 3,699
Net amortization of fees, premiums and discounts 78 (5)
Decrease in other assets 470 29
Loss on sale of foreclosed real estate 166 82
Write-down of foreclosed real estate 704 126
Decrease in accrued interest receivable 47 315
Increase (decrease) in official checks and other liabilities 276 (48)
Net cash used in operating activities (580) (97)
Cash flows from investing activities:    
Purchases of securities held to maturity (5,048) 0
Principal repayments of securities held to maturity 5,428 5,019
Net decrease in loans 5,443 8,099
Proceeds from sale of securities 10,961 45,428
Purchase of premises and equipment (5) (8)
Proceeds from sale of foreclosed real estate, net 1,643 503
Redemption of Federal Home Loan Bank stock 501 0
Net cash provided by investing activities 18,923 59,041
Cash flows from financing activities:    
Net (decrease) increase in deposits (10,667) 17,224
Net decrease in other borrowings 0 (44,764)
Net increase in advance payments by borrowers for taxes and insurance 245 483
Repayments of Federal Home Loan Bank advances 0 (26,735)
Net cash used in financing activities (10,422) (53,792)
Net increase in cash and cash equivalents 7,921 5,152
Cash and cash equivalents at beginning of the period 14,367 36,784
Cash and cash equivalents at end of the period 22,288 41,936
Supplemental disclosure of cash flow information:    
Interest 1,744 2,860
Noncash investing and financing activities:    
Change in accumulated other comprehensive loss, net change in unrealized loss on securities available for sale (875) 0
Transfer of securities held to maturity to available for sale 50,534 0
Loans transferred to foreclosed real estate $ 5,032 $ 533