XML 33 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Cash Flows from Operating Activities          
Net income $ 2,065 $ 2,441 $ 6,720 $ 7,263  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     916 899  
Accretion and amortization of securities     1,714 2,346  
Amortization of servicing rights 88 177 345 549  
Amortization of core deposit intangible     234 234  
Stock Based Compensation     (202) (123)  
Provision for loan loss 303 236 582 442 738
Gain on sale of loans held for sale (176) (602) (978) (1,385)  
Originations of loans held for sale     (54,874) (100,759)  
Proceeds from sale of loans held for sale     57,957 104,147  
Loss on sale of other assets 21 209 147 486  
Gain on sales of investment securities (134) (30) (732) (199)  
Change in operating assets and other liabilities, net     (117) (682)  
Net cash provided by operating activities     11,712 13,218  
Activity in securities:          
Maturities, prepayments and calls     28,722 30,404  
Securities     63,570 29,084  
Purchases     (83,310) (86,101)  
Proceeds from sales of assets     35 2  
Additions to premises and equipment     (1,804) (597)  
Loan originations and principal collections, net     (25,783) 11,124  
Net cash used in investing activities     (18,570) (16,084)  
Cash Flows from Financing Activities          
Net decrease in deposits     (17,684) (4,551)  
Net change in short-term debt     10,010 2,407  
Repayments of long-term debt     (4,500) (5,051)  
Purchase of Treasury Stock     (734) (789)  
Cash dividends paid on common stock     (2,791) (2,664)  
Net cash used in financing activities     (15,699) (10,648)  
Decrease in Cash and Cash Equivalents     (22,557) (13,514)  
Cash and Cash Equivalents - Beginning of Year     44,092 43,143 43,143
Cash and Cash Equivalents - End of Period 21,535 29,629 21,535 29,629 44,092
RECONCILIATION OF CASH AND CASH EQUIVALENTS:          
Cash and cash due from banks 15,928 13,994 15,928 13,994 25,620
Interest bearing deposits with banks 5,101 10,561 5,101 10,561 11,941
Federal Funds Sold 506 5,074 506 5,074 6,531
Cash at end of period 21,535 29,629 21,535 29,629 44,092
Cash paid during the year for:          
Interest     3,689 4,833  
Income taxes     2,690 3,386  
Noncash investing activities:          
Transfer of loans to other real estate owned     $ 945 $ 334