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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 3,428 $ 2,856
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 445 405
Change in deferred taxes 105 (87)
Provision for loan losses 400 1,500
Loans originated for resale (5,331) (19,144)
Proceeds from sales and transfers of loans 5,462 20,506
Net gain on sales of loans (104) (571)
Net gain on sale or call of securities (36) (299)
Net amortization of premiums on investments 273 615
Net (gain) loss on sale of other real estate owned (36) 49
Provision for losses on other real estate owned 0 9
Equity compensation expense 102 54
Net increase in other assets and accrued interest (1,857) (1,491)
Net increase (decrease) in other liabilities (74) 472
Net loss on disposal of premises and equipment 3 0
Amortization of investment in limited partnership 142 130
Net acquisition amortization 82 82
Net cash provided by operating activities 3,004 5,086
Cash flows from investing activities    
Increase in interest-bearing deposits in other banks (373) (4,303)
Proceeds from sales of securities available for sale 0 4,965
Proceeds from maturities, payments and calls of securities available for sale 7,775 19,639
Proceeds from maturities, payments and calls of securities to be held to maturity 2,976 13,779
Proceeds from sales of other real estate owned 808 781
Purchases of securities available for sale (510) (23,484)
Purchases of securities to be held to maturity (16,509) (21,235)
Redemption of restricted equity securities 0 536
Net decrease in loans 6,295 3,894
Capital expenditures (71) (284)
Net cash provided (used) in investing activities 391 (5,712)
Cash flows from financing activities    
Net decrease in demand, savings, and money market accounts (2,284) (5,086)
Net increase in certificates of deposit 23,855 22,097
Net decrease in short-term borrowings 0 (21,720)
Repayments of long-term borrowings (25,606) 0
Repurchase of preferred stock 0 (2,500)
Proceeds from sale of common stock 103 11,649
Dividends paid (2,139) (2,249)
Net cash provided (used) by financing activities (6,071) 2,191
Net increase (decrease) in cash and cash equivalents (2,676) 1,565
Cash and cash equivalents at beginning of period 16,570 14,958
Cash and cash equivalents at end of period 13,894 16,523
Interest paid 2,864 3,201
Income taxes paid 180 0
Non-cash transactions    
Net transfer from loans to other real estate owned $ 899 $ 633