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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 4,924 $ 4,231
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion (Amortization) of Discounts and Premiums, Investments (958) (1,211)
Depreciation and amortization 212 210
Stock-based compensation expense 11 7
Provision for loan losses 0 107
Net other-than-temporary impairment losses on investment securities 24 58
Gains on sales of investment securities, net (343) (995)
Loans originated for resale (7,605) (6,437)
Payments for Origination and Purchases of Loans Held-for-sale 7,605 6,437
Proceeds from sale of loans held for sale 8,460 5,558
Gain on sale of loans held for sale (138) (126)
Decrease in accrued interest receivable 426 255
Decrease in prepaid FDIC insurance assessments 286 240
Increase in cash surrender value of bank-owned life insurance (274) (251)
Life insurance death benefit (291) 0
Decrease (increase) in other assets 909 (647)
Increase in other liabilities 609 1,700
Net cash provided by operating activities 8,168 5,121
Cash flows from investing activities:    
Investment securities available-for-sale: Purchases (37,204) (88,332)
Investment securities available-for-sale: Sales 45,006 41,513
Investment securities available-for-sale: Maturities, calls and principal repayments 14,121 8,658
Investment securities held-to-maturity: Purchases (4,996) (4,844)
Investment securities held-to-maturity: Maturities and principal repayments 689 7,288
Net purchases of restricted investment in bank stocks (2) 0
Net decrease (increase) in loans 10,044 (33,562)
Purchases of premises and equipment (182) (136)
Proceeds from bank-owned life insurance death benefits 592 0
Net cash provided by (used in) investing activities 28,068 (69,415)
Cash flows from financing activities:    
Net (decrease) increase in deposits (24,699) 32,058
Cash dividends on preferred stock (28) (166)
Cash dividends on common stock (899) (490)
Issuance cost of common stock (3) (2)
Proceeds from exercise of stock options 10 0
Net cash (used in) provided by financing activities (25,619) 31,400
Net change in cash and cash equivalents 10,617 (32,894)
Cash and cash equivalents at beginning of period 106,138 111,101
Cash and cash equivalents at end of period 116,755 78,207
Supplemental disclosures of cash flow information:    
Cash payments for: Interest paid on deposits and borrowings 2,727 3,097
Supplemental disclosures of non-cash investing activities:    
Trade date accounting settlements for investments, net 650 1,855
Transfer of loans to other real estate owned 236 0
Transfer from investment securities available-for-sale to investment securities held-to-maturity $ 15,936 $ 0