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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net Income $ 5,600 $ 1,859
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Provision for loan losses (161) 9,276
Depreciation 1,541 1,496
Stock compensation 66 52
Gain on sales of Insurance assets 0 (88)
Gain on sales of other real estate owned (80) (668)
Write-downs of other real estate owned 2,889 278
Gain on loan sales (154) (114)
Loss on disposal of fixed assets 24 92
Net amortization of investment securities discounts and premiums 930 1,182
Gain on sales of investment securities - available-for-sale (124) (562)
Amortization of deferred Loan Fees (429) (454)
Decrease in accrued interest receivable and other assets 4,128 1,757
Deferred tax benefit (1) (1,454)
Increase/(decrease) in accrued interest payable and other liabilities 2,450 (1,405)
Earnings on bank owned life insurance (753) (1,520)
Net cash provided by operating activities 15,926 9,727
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 27,160 54,007
Proceeds from maturities/calls of investment securities held-to-maturity 140 0
Proceeds from sales of investment securities available-for-sale 50,169 26,063
Purchases of investment securities available-for-sale (159,423) (73,177)
Proceeds from sales of other real estate owned 3,349 3,739
Proceeds from loan sales 20,691 16,949
Proceeds from disposal of fixed assets 1,421 567
Proceeds from sale of insurance assets 0 3,604
Proceeds from BOLI death benefit 0 1,806
Net decrease in FHLB stock 436 1,671
Net decrease in loans 12,151 12,612
Purchases of premises and equipment (864) (1,001)
Net cash (used in)/provided by investing activities (44,770) 46,840
Financing activities    
Net decrease in deposits (2,491) (24,391)
Net increase in short-term borrowings 19,849 15,499
Proceeds from long-term borrowings 0 20,000
Payments on long-term borrowings (47) (44,294)
Net cash provided by/(used in) financing activities 17,311 (33,186)
(Decrease)/increase in cash and cash equivalents (11,533) 23,381
Cash and cash equivalents at beginning of the year 83,068 65,107
Cash and cash equivalents at end of period 71,535 88,488
Supplemental information    
Interest paid 7,199 9,550
Non-cash investing activities:    
Transfers from loans to other real estate owned $ 5,627 $ 7,304