XML 54 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 1,987 $ (136)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for loan losses   1,000
Depreciation expense 422 400
Net amortization of investment securities, premiums, and discounts 250 343
Amortization of intangible assets   101
Stock based compensation expense 6 2
Change in fair value of mortgage servicing rights 46 57
Gain on sale of investment securities   (294)
Gain on sales and dispositions of premises and equipment (13) 0
Gain on sales and dispositions of other real estate owned and repossessed assets (145) (13)
Provision for other real estate owned 123 2,343
Decrease in accrued interest receivable 558 167
Increase in cash surrender value -life insurance (20) (21)
Decrease (increase) in other assets 199 (476)
(Decrease) increase in accrued interest payable (14) 125
Increase in other liabilities 1,616 800
Origination of mortgage loans for sale (5,811) (26,463)
Proceeds from the sale of mortgage loans 5,974 29,290
Gain on sale of mortgage loans, net (191) (720)
Other, net (50) (170)
Net cash provided by operating activities 4,937 6,335
Cash flows from investing activities:    
Net (increase) decrease in loans (6,865) 6,854
Purchase of available-for-sale debt securities (24,038) (62,541)
Proceeds from maturities of available-for-sale debt securities 5,687 11,260
Proceeds from calls of available-for-sale debt securities 11,745 2,255
Proceeds from sales of available-for-sale debt securities   15,981
Proceeds from sales of FHLB stock 39 2
Purchases of premises and equipment (507) (326)
Proceeds from sales of premises and equipment 13  
Proceeds from sales of other real estate owned and repossessed assets 1,094 604
Net cash used in investing activities (12,832) (25,911)
Cash flows from financing activities:    
Net increase (decrease) in demand deposits 2,543 (14,866)
Net increase in interest-bearing transaction accounts 34,639 33,942
Net decrease in time deposits (5,917) (10,471)
Net decrease in federal funds purchased and securities sold under agreements to repurchase (10,323) (3,519)
Repayment of FHLB advances (10,000) (55)
FHLB advances 10,000  
Cash dividends paid - preferred stock   (228)
Cash dividends paid - common stock (252) (242)
Net cash provided by financing activities 20,690 4,561
Net increase (decrease) in cash and cash equivalents 12,795 (15,015)
Cash and cash equivalents, beginning of period 28,439 58,887
Cash and cash equivalents, end of period 41,234 43,872
Cash paid during the year for:    
Interest 1,324 1,624
Income taxes   6
Supplemental schedule of noncash investing and financing activities:    
Other real estate and repossessions acquired in settlement of loans $ 259 $ 2,470