XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended 12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Cash Flows from Operating Activities      
Net income $ 6,985 $ 6,720  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,091 916  
Amortization of securities, net 1,130 1,714  
Amortization of servicing rights 258 345  
Amortization of core deposit intangible 360 234 319
Compensation expense related to stock awards 205 202  
Provision for loan loss 1,154 582 858
Gain on sale of loans (497) (978)  
Originations of loans held for sale (26,312) (54,874)  
Proceeds from sale of loans held for sale 30,391 57,957  
Loss on sale of other assets 153 147  
Gain on sales of securities available for sale (494) (732)  
Change in other assets and other liabilities, net (1,369) (521)  
Net cash provided by operating activities 13,055 11,712  
Activity in securities:      
Maturities, prepayments and calls 13,281 28,722  
Sales 57,928 63,570  
Purchases 0 (83,310)  
Proceeds from sale of fixed assets 9 35  
Additions to premises and equipment (2,684) (1,804)  
Loan originations and principal collections, net (36,505) (25,783)  
Net cash provided by (used in) investing activities 32,029 (18,570)  
Cash Flows from Financing Activities      
Net increase in deposits (31,558) (17,684)  
Net change in short-term debt (7,537) 10,010  
Repayments of FHLB advances (4,500) (4,500)  
Purchase of Treasury Stock (576) (734)  
Cash dividends paid on common stock (2,897) (2,791)  
Net cash used in financing activities (47,068) (15,699)  
Change in Cash and Cash Equivalents (1,984) (22,557)  
Cash and cash equivalents - Beginning of year 19,263 44,092 44,092
Cash and cash equivalents - End of period 17,279 21,535 19,263
Cash paid during the year for:      
Interest 2,918 3,689  
Income taxes 2,137 2,690  
Noncash investing activities:      
Transfer of loans to other real estate owned $ 139 $ 945