XML 30 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net income $ 4,322 $ 3,605 $ 3,441
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 843 779 778
Amortization of intangible and other assets 91 136 165
(Gain) loss on securities (67) (98) 419
Provision for loan losses 3,750 6,325 4,350
(Gain) loss on the sale of bank premises and equipment (76) 83  
Loss on the sale of other real estate owned 361 338 26
Stock-based compensation expense 166 116 165
Premium amortization (discount accretion) on securities, net 111 26 (26)
Deferred tax benefit (317) (362) (652)
Changes in assets and liabilities:      
Decrease (increase) in other assets 2,568 (1,676) (2,118)
(Decrease) increase in other liabilities (13) 127 128
Net cash provided by operating activities 11,739 9,399 6,676
Cash Flows from Investing Activities      
Proceeds from maturities and principal payments of securities available for sale and restricted investments 40,166 34,592 27,530
Proceeds from sales of securities available for sale 4,849 2,853 1,959
Purchases of securities available for sale (46,798) (50,180) (29,302)
Proceeds from the sale of restricted investments 461 417 174
Purchases of restricted investments     (124)
Proceeds from the sale of equipment 661 43 93
Purchases of bank premises and equipment (964) (1,843) (310)
Proceeds from the sale of other real estate owned 3,167 2,035 1,281
Net (increase) in loans (8,139) (10,802) (20,426)
Net cash (used in) investing activities (6,597) (22,885) (19,125)
Cash Flows from Financing Activities      
Net increase in demand deposit, money market and savings accounts 34,592 21,743 25,098
Net (decrease) increase in certificates of deposit (15,422) 9,445 (13,517)
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (4,395) 380 (677)
Net (decrease) in Federal Home Loan Bank advances (10,000) (10,000) (7,750)
Issuance of common stock, employee benefit plan 89   76
Retirement of common stock (271)    
Cash dividends paid (1,764) (1,645) (1,587)
Net cash provided by financing activities 2,829 19,923 1,643
Increase (decrease) in cash and cash equivalents 7,971 6,437 (10,806)
Cash and Cash Equivalents      
Beginning 13,970 7,533 18,339
Ending 21,941 13,970 7,533
Supplemental Disclosures of Cash Flow Information      
Interest 4,885 5,618 6,896
Income taxes 1,100 3,550 1,295
Supplemental Schedule of Noncash Investing and Financing Activities:      
Unrealized gain on securities available for sale 2,602 176 2,914
Change in fair value of interest rate swap (411) (413) 472
Other real estate acquired in settlement of loans 4,045 1,235 3,546
Issuance of common stock, dividend investment plan $ 604 $ 590 $ 583