XML 32 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 3,133 $ 3,374
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Provision for loan losses 105 300
Investment securities gain, net (46) (58)
Depreciation and amortization 500 373
Amortization of premium and discount on investment securities 365 370
Accretion of deferred loan fees, net (346) (141)
Origination of loans held for sale (8,026)  
Proceeds from sale of loans 8,239  
Gain on sale of loans (173)  
Earnings on bank-owned life insurance (161) (135)
Deferred income tax 346 (262)
Loss on other real estate owned 48 70
Increase in accrued interest receivable (157) (94)
Increase (decrease) in accrued interest payable 74 (22)
Other, net (573) (797)
Net cash provided by operating activities 3,328 2,978
Investment securities available for sale:    
Proceeds from repayments and maturities 5,818 6,809
Proceeds from sale of securities 3,312 1,494
Purchases (14,876) (12,287)
Increase in loans, net (23,206) (14,490)
Proceeds from the sale of other real estate owned 830 256
Purchase of bank-owned life insurance (4,000)  
Purchase of premises and equipment (394) (444)
Net cash used for investing activities (32,516) (18,662)
FINANCING ACTIVITIES    
Net increase in deposits 37,412 19,957
Decrease in short-term borrowings, net (10,291) (3,870)
Repayment of other borrowings (159) (247)
Stock options exercised 6  
Proceeds from dividend reinvestment and purchase plan 319 287
Cash dividends (1,087) (1,059)
Net cash provided by financing activities 26,200 15,068
Decrease in cash and cash equivalents (2,988) (616)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 25,639 26,193
CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,651 25,577
Cash paid during the year for:    
Interest on deposits and borrowings 1,799 2,088
Income taxes 200 1,395
Noncash investing transactions:    
Transfers from loans to other real estate owned $ 638 $ 20