XML 55 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES      
Net income $ 6,281 $ 4,130 $ 2,517
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,168 3,085 3,580
Investment securities (gains) losses, net (610) 173 (11)
Depreciation and amortization 929 731 740
Amortization of premium and discount on investment securities 930 451 6
Amortization of deferred loan fees, net (188) (170) (58)
Origination of loans held for sale (1,084)    
Proceeds from sale of loans held for sale 1,169    
Gains on sale of loans (85)    
Earnings on bank-owned life insurance (279) (278) (273)
Deferred income taxes 2 (97) (777)
Stock-based compensation expense 32 59  
Loss on other real estate owned 258 497 783
Decrease (increase) in accrued interest receivable 71 25 (847)
Decrease in accrued interest payable (153) (145) (115)
Decrease in prepaid federal deposit insurance 486 707 727
Other, net 355 (22) (538)
Net cash provided by operating activities 10,282 9,146 5,734
Investment securities available for sale:      
Proceeds from repayments and maturities 50,919 69,264 42,815
Proceeds from sale of securities 32,985 24,127 5,874
Purchases (83,431) (80,078) (113,860)
Increase in loans, net (8,435) (32,956) (22,992)
Proceeds from the sale of other real estate owned 954 866 932
Purchase of premises and equipment (997) (583) (327)
Net cash used for investing activities (8,005) (19,360) (87,558)
FINANCING ACTIVITIES      
Net increase in deposits 12,373 15,711 78,145
(Decrease) increase in short-term borrowings, net (854) (240) 832
Repayment of other borrowings (3,861) (2,490) (6,544)
Common stock issued 2,329 2,210  
Proceeds from dividend reinvestment and purchase plan 694 542 510
Cash dividends (2,002) (1,764) (1,637)
Net cash provided by financing activities 8,679 13,969 71,306
Increase (decrease) in cash and cash equivalents 10,956 3,755 (10,518)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 34,390 30,635 41,153
CASH AND CASH EQUIVALENTS AT END OF YEAR 45,346 34,390 30,635
Cash paid during the year for:      
Interest on deposits and borrowings 6,600 8,797 11,060
Income taxes 1,550 615 850
Non-cash investing transactions:      
Transfers from loans to other real estate owned 862 1,257 2,110
Loans to facilitate the sale of other real estate owned     $ 257