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Supplemental Disclosure of Cash Flow Information
3 Months Ended
Mar. 31, 2013
Supplemental Cash Flow Information [Abstract]  
Supplemental Disclosure of Cash Flow Information
Note 4 – Supplemental Disclosure of Cash Flow Information
 
During the three months ended March 31, 2013 and 2012, cash paid for interest due on interest-bearing liabilities was $993,000 and $1.477 million, respectively. There was no cash paid for income taxes during the three months ended March 31, 2013 and 2012. Assets totaling $293,000 and $3.283 million were acquired in settlement of loans for the three months ended March 31, 2013 and March 31, 2012, respectively. We received $3.333 million in cash from the sale of foreclosed assets during the first three months of 2013 relative to $1.587 million during the first three months of 2012, which represents sales proceeds less loans extended to finance such sales totaling $390,000 for the first three months of 2013 and $425,000 for the first three months of 2012.