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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,070 $ 3,422
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net (decrease) increase in deferred loan fees (162) 170
Depreciation 501 486
Accretion (385) (346)
Amortization 4,675 3,376
Stock-based compensation 50 64
Tax benefit from exercise of stock options (16) (20)
Provision for credit losses 0 500
Net realized gains on sales of available-for-sale investment securities (1,133) (444)
Net gain on sale and disposal of equipment (1) (4)
Net gain on sale of other real estate owned 0 (12)
Increase in bank owned life insurance, net of expenses (193) (190)
Net (increase) decrease in accrued interest receivable and other assets (205) 14
Net decrease in prepaid FDIC assessments 1,542 257
Net decrease in accrued interest payable and other liabilities (124) (8,521)
(Benefit from) provision for deferred income taxes (548) 261
Net cash provided by (used in) operating activities 7,071 (987)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (75,306) (41,120)
Proceeds from sales or calls of available-for-sale investment securities 35,853 7,499
Proceeds from maturity and principal repayments of available-for-sale investment securities 44,822 40,365
Net (increase) decrease in loans (9,997) 8,790
Proceeds from sale of other real estate owned 0 251
Purchases of premises and equipment (620) (900)
Purchases of bank owned life insurance 0 (116)
FHLB stock redeemed (purchased) 48 (957)
Proceeds from sale of premises and equipment 1 4
Net cash provided by (used in) investing activities (5,199) 13,816
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand, interest bearing and savings deposits (18,308) (5,105)
Net increase (decrease) in time deposits 5,273 (5,130)
Repayments of short-term borrowings to Federal Home Loan Bank (4,000) 0
Proceeds from exercise of stock options 773 241
Excess tax benefit from exercise of stock options 16 20
Cash dividend payments on common stock (956) 0
Cash dividend payments on preferred stock (175) (175)
Net cash used in financing activities (17,377) (10,149)
(Decrease) increase in cash and cash equivalents (15,505) 2,680
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 52,956 44,804
CASH AND CASH EQUIVALENTS AT END OF PERIOD 37,451 47,484
Cash paid during the period for:    
Interest 750 1,089
Income taxes 940 760
Non-cash investing and financing activities:    
Transfer of loans to other real estate owned 0 2,337
Purchases of Available-for-sale investment securities, not yet settled 4,425 0
Accrued preferred stock dividends $ 87 $ 87