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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 2,237$ 1,410
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation, amortization, and accretion989767
Provision for credit losses3751,050
Gains on disposals of assets, net(352)(258)
Impairment of securities and stocks9266
Income on investment in life insurance(180)(201)
Write-downs of other real estate owned40 
Changes in assets and liabilities:  
Decrease in other assets550568
(Decrease) increase in other liabilities(100)538
Net cash provided by operating activities3,6513,940
Cash flows from investing activities:  
Maturities of available for sale mortgage-backed securities15,07914,065
Proceeds from maturities and sales of other investment securities9,7154,185
Purchases of investment securities(31,715)(23,708)
Sales of Federal Home Loan Bank stock16645
Purchase of life insurance contracts(240) 
Redemption of common stock in the Glen Burnie Statutory Trust I 155
Proceeds from sales of other real estate285451
Purchases of other real estate (512)
Decrease in loans, net1,4678,925
Proceeds from the disposition of premises and equipment10 
Purchases of premises and equipment(338)(208)
Net cash (used) provided by investing activities(5,571)3,398
Cash flows from financing activities:  
Increase in deposits, net15,2574,126
(Decrease) increase in short-term borrowings, net(4,055)4
Repayment of long-term borrowings (7,031)
Dividends paid(813)(808)
Redemption of guaranteed preferres beneficial interests in Glen Burnie Bancorp junior subordinated debentures (5,155)
Common stock dividends reinvested119124
Net cash provided (used) by financing activities10,508(8,740)
Increase (decrease) in cash and cash equivalents8,588(1,402)
Cash and cash equivalents, beginning of year9,00011,434
Cash and cash equivalents, end of period$ 17,588$ 10,032