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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 4,851 $ 4,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 2,647 3,954
Depreciation and amortization 1,506 1,359
Provision for loan losses 0 (1,400)
Stock based compensation 17 44
Net change in loans held for sale (173) 4,717
Net (gain) loss on disposal of other real estate owned (259) 153
Writedown of other real estate owned 9 0
Net loss on disposal of premises and equipment 42 0
Investment securities gains (1,199) (122)
Earnings on cash surrender value of life insurance (472) (480)
(Increase) decrease in accrued interest receivable 445 (433)
Increase in accrued interest payable and other liabilities 2,311 2,698
Other, net 959 (803)
Net cash provided by operating activities 10,684 14,655
Cash flows from investing activities    
Proceeds from sales of available for sale securities 103,500 19,786
Maturities, repayments and calls of available for sale securities 21,044 46,592
Purchases of available for sale securities (99,628) (134,354)
Net change in restricted investments in bank stocks 644 850
Net (increase) decrease in loans (10,173) 28,954
Purchases of bank premises and equipment (771) (611)
Proceeds from disposal of other real estate owned 1,625 992
Net cash provided by (used in) investing activities 16,241 (37,791)
Cash flows from financing activities    
Net decrease in deposits (18,685) (49,556)
Net increase (decrease) in short term purchased funds (5,112) 16,969
Proceeds from long-term debt 10,000 0
Payments on long-term debt (10,723) (10,688)
Dividends paid 0 0
Net proceeds from issuance of common stock 47 59
Net cash used in financing activities (24,473) (43,216)
Net increase (decrease) in cash and cash equivalents 2,452 (66,352)
Cash and cash equivalents at beginning of period 37,560 150,688
Cash and cash equivalents at end of period 40,012 84,336
Supplemental disclosures of cash flow information:    
Interest 2,205 2,701
Income taxes 0 0
Supplemental schedule of noncash investing activities:    
Other real estate acquired in settlement of loans $ 1,803 $ 341