XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,152 $ 2,284
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 304 289
Accretion and amortization of securities 635 785
Amortization of servicing rights 137 194
Amortization of core deposit intangible 78 78
Stock Based Compensation 46 45
Provision for loan losses 167 128
Gain on sale of loans held for sale (480) (161)
Originations of loans held for sale (24,051) (27,634)
Proceeds from sale of loans held for sale 27,412 29,920
Loss on sale of other assets 16 67
Gain on sale of investment securities (221) (169)
Change in Operating Assets and Liabilities, net (641) (1,794)
Net Cash Provided by Operating Activities 5,554 4,032
Activity in securities:    
Maturities, prepayments and calls 13,402 12,614
Sales 35,131 24,584
Purchases (54,850) (56,500)
Proceeds from sales of assets      
Additions to premises and equipment (427) (188)
Loan originations and principal collections, net 13,166 10,620
Net Cash (Used) in Investing Activities 6,422 (8,870)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 9,194 24,439
Net change in short-term debt (2,225) (2,367)
Repayment of long-term debt (4,500) (17)
Purchase of Treasury stock (77) (233)
Cash dividends paid on common stock (931) (890)
Net Cash Provided (Used) by Financing Activities 1,461 20,932
Net (Decrease) in cash and cash equivalents 13,437 16,094
Cash and cash equivalents - Beginning of year 44,092 37,026
Cash and cash equivalents - End of period 57,529 59,237
RECONCILIATION OF CASH AND CASH EQUIVALENTS:    
Cash and cash due from banks 12,404 12,060
Interest bearing deposits with banks 11,323 16,121
Federal funds sold 33,802 31,056
Cash at end of period 57,529 59,237
Cash paid during the period for:    
Interest 1,212 1,632
Income Taxes   426
Noncash investing activities:    
Transfer of loans to other real estate owned $ 75 $ 150