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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 1,978 $ 1,560
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 1,358 1,720
Depreciation and amortization 765 661
Stock based compensation 12 39
Net change in loans held for sale (716) 682
Net loss on disposal of other real estate owned 0 122
Net loss on disposal of premises and equipment 46 0
Investment securities gains (597) (122)
Earnings on cash surrender value of life insurance (234) (239)
(Increase) decrease in accrued interest receivable 116 (256)
Increase in accrued interest payable and other liabilities 1,196 1
Other, net 80 (2,117)
Net cash provided by operating activities 4,004 2,051
Cash flows from investing activities    
Proceeds from sales of available for sale securities 67,567 19,786
Maturities, repayments and calls of available for sale securities 11,205 22,035
Purchases of available for sale securities (87,383) (91,956)
Net change in restricted investments in bank stocks 907 222
Net (increase) decrease in loans (4,346) 27,437
Purchases of bank premises and equipment (649) (184)
Proceeds from disposal of other real estate owned 0 122
Net cash used by investing activities (12,699) (22,538)
Cash flows from financing activities    
Net increase (decrease) in deposits 2,015 (40,742)
Net increase (decrease) in short term purchased funds (10,211) 5,594
Proceeds from long-term debt 10,000 0
Payments on long-term debt (359) (342)
Net proceeds from issuance of common stock 47 59
Net cash provided by (used in) financing activities 1,492 (35,431)
Net decrease in cash and cash equivalents (7,203) (55,918)
Cash and cash equivalents at beginning of period 37,560 150,688
Cash and cash equivalents at end of period 30,357 94,770
Supplemental disclosures of cash flow information:    
Interest 1,079 1,378
Income taxes 0 0
Supplemental schedule of noncash investing activities:    
Other real estate acquired in settlement of loans 1,625 293
Security purchases not yet settled $ 12,751 $ 0