XML 49 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Audited) (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities      
Net income $ 12,688,000 $ 12,364,000 $ 12,116,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,314,000 1,355,000 1,394,000
Change in deferred taxes (108,000) 730,000 395,000
Provision for loan losses 7,835,000 10,550,000 8,400,000
Loans originated for resale (40,606,000) (34,304,000) (65,726,000)
Proceeds from sales and transfers of loans 39,571,000 37,110,000 65,796,000
Net gain on sale or call of securities (1,968,000) (3,293,000) (2,000)
Net (gain) loss on sale of other real estate owned (7,000) (7,000) 122,000
Provision for losses on other real estate owned 397,000 1,284,000 352,000
Equity compensation expense 85,000 22,000 37,000
Net decrease in other assets and accrued interest 756,000 1,288,000 177,000
Net increase (decrease) in other liabilities 1,631,000 (1,596,000) 1,139,000
Net loss on disposal of premises and equipment 0 5,000 0
Net amortization of investment premiums 2,676,000 3,583,000 899,000
Amortization of investments in limited partnerships 476,000 390,000 300,000
Net acquisition amortization 283,000 244,000 251,000
Net cash provided by operating activities 25,023,000 29,725,000 25,650,000
Cash flows from investing activities      
Net increase (decrease) in interest-bearing deposits in other banks (1,638,000) 100,000 (100,000)
Proceeds from maturities, payments, calls of securities available for sale 61,776,000 42,756,000 101,223,000
Proceeds from sales of securities available for sale 26,437,000 140,417,000 202,000
Proceeds from maturities, payments, calls of securities held to maturity 53,958,000 28,644,000 84,287,000
Proceeds from sales of other real estate owned 3,345,000 5,124,000 3,722,000
Purchases of securities available for sale (93,378,000) (161,386,000) (316,453,000)
Purchases of securities to be held to maturity (74,743,000) (44,424,000) (1,363,000)
Redemption of restricted equity securities 995,000 0 0
Net (increase) decrease in loans (19,635,000) 6,176,000 52,395,000
Capital expenditures (1,726,000) (1,222,000) (2,043,000)
Proceeds from sale of premises and equipment 42,000 0 0
Cash acquired, net of cash paid, in branch acquisitions 25,297,000 0 0
Net cash provided by (used in) investing activities (19,270,000) 16,185,000 (78,130,000)
Cash flows from financing activities      
Net increase (decrease) in transaction and savings accounts 37,552,000 25,828,000 (241,000)
Net increase (decrease) in certificates of deposit (51,893,000) (58,981,000) 52,124,000
Advances on long-term borrowings 0 30,000,000 30,000,000
Repayments on long-term borrowings 0 (30,000,000) (50,000,000)
Net increase in short-term borrowings 17,242,000 8,340,000 27,552,000
Repurchase of preferred stock 0 (12,500,000) 0
Proceeds from sale of common stock 499,000 431,000 416,000
Dividends paid (8,310,000) (8,751,000) (8,865,000)
Net cash provided by (used in) financing activities (4,910,000) (45,633,000) 50,986,000
Net increase (decrease) in cash and cash equivalents 843,000 277,000 (1,494,000)
Cash and cash equivalents at beginning of year 14,115,000 13,838,000 15,332,000
Cash and cash equivalents at end of year 14,958,000 14,115,000 13,838,000
Interest paid 13,052,000 14,901,000 16,824,000
Income taxes paid 2,547,000 3,037,000 3,317,000
Non-cash transactions      
Net transfer from loans to other real estate owned 7,234,000 5,566,000 3,780,000
Fair value of assets acquired (6,577,000) 0 0
Less liabilities assumed $ 31,874,000 $ 0 $ 0