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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net Income $ 2,598 $ 3,764
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Provision for loan losses 941 946
Depreciation 994 1,026
Stock compensation 56 43
Loss/(gain) on sales of other real estate owned 970 (62)
Write-downs of other real estate owned 443 37
Gain on loan sales (18) (131)
Loss on disposal of fixed assets 3 2
Net amortization of investment securities discounts and premiums 64 697
Loss/(gain) on sales of investment securities - available-for-sale 154 (227)
Gain on sales of investment securities - held for trading (1,100) 0
Amortization of deferred Loan Fees (218) (265)
Decrease in accrued interest receivable and other assets 1,985 3,820
Decrease in deferred tax benefit 2 0
(Decrease)/increase in accrued interest payable and other liabilities (5,354) 1,502
Earnings on bank owned life insurance (488) (499)
Net cash (used in)/provided by operating activities 1,032 10,653
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 100,719 20,705
Proceeds from maturities/calls of investment securities held-to-maturity 1,509 140
Proceeds from sales of investment securities available-for-sale 56,222 35,136
Proceeds from sales of investment securities held for trading 1,100 0
Purchases of investment securities available-for-sale (114,752) (144,941)
Purchases of investment securities held-to-maturity (1,256) 0
Proceeds from sales of other real estate owned 4,745 2,865
Proceeds from loan sales 2,104 18,049
Net decrease in FHLB stock 433 496
Net (increase)/decrease in loans (20,253) 9,184
Purchases of premises and equipment (404) (727)
Net cash provided by/(used in) investing activities 30,167 (59,093)
Financing activities    
Net increase/(decrease) in deposits 1,337 (4,225)
Preferred stock dividends paid (7,745) 0
Net (decrease)/increase in short-term borrowings (5,763) 11,697
Payments on long-term borrowings (32) (31)
Net cash (used in)/provided by financing activities (12,203) 7,441
Increase/(decrease) in cash and cash equivalents 18,996 (40,999)
Cash and cash equivalents at beginning of the year 43,063 83,068
Cash and cash equivalents at end of period 62,059 42,069
Supplemental information    
Interest paid 12,327 4,868
Non-cash investing activities:    
Transfers from loans to other real estate owned 1,415 4,671
Transfers from securities available for sale to held-to-maturity $ 103,934 $ 0