XML 49 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net income $ 6,550 $ 4,322 $ 3,605
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 821 843 779
Amortization of intangible and other assets 136 91 136
(Gain) on securities (45) (67) (98)
Provision for loan losses 1,660 3,750 6,325
Gain (loss) on the sale of bank premises and equipment   (76) 83
(Gain) loss on the sale of other real estate owned (13) 335 339
Loss (gain) on the sale of repossessed assets 2 26 (1)
Stock-based compensation expense 242 166 116
Premium amortization (discount accretion) on securities, net 191 111 26
Deferred tax benefit 350 (317) (362)
Changes in assets and liabilities:      
Decrease (increase) in other assets 602 2,568 (1,676)
Increase (decrease) other liabilities 937 (13) 127
Net cash provided by operating activities 11,433 11,739 9,399
Cash Flows from Investing Activities      
Proceeds from maturities and principal payments of securities available for sale and restricted investments 20,997 40,166 34,592
Proceeds from the sale of securities available for sale 3,357 4,849 2,853
Purchases of securities available for sale (12,271) (46,798) (50,180)
Proceeds from the sale of restricted investments 743 461 417
Proceeds from the sale of equipment 71 661 43
Purchases of bank premises and equipment (2,201) (964) (1,843)
Proceeds from the sale of other real estate owned 895 3,167 2,035
Net (increase) in loans (13,213) (8,139) (10,802)
Net cash (used in) investing activities (1,622) (6,597) (22,885)
Cash Flows from Financing Activities      
Net increase in demand deposits, money market and savings accounts 48,725 34,592 21,743
Net (decrease) increase in certificates of deposit (20,089) (15,422) 9,445
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase   (4,395) 380
Net (decrease) in Federal Home Loan Bank advances (10,000) (10,000) (10,000)
Issuance of common stock, employee benefit plan 107 89  
Retirement of common stock   (271)  
Cash dividends paid (1,805) (1,764) (1,645)
Net cash provided by financing activities 16,938 2,829 19,923
Increase (decrease) in cash and cash equivalents 26,749 7,971 6,437
Cash and Cash Equivalents      
Beginning 21,941 13,970 7,533
Ending 48,690 21,941 13,970
Supplemental Disclosures of Cash Flow Information      
Interest 3,436 4,885 5,618
Income taxes 2,210 1,100 3,550
Supplemental Schedule of Noncash Investing and Financing Activities:      
Unrealized gain on securities available for sale 849 2,602 176
Change in fair value of interest rate swap (55) (411) (413)
Other real estate acquired in settlement of loans 1,715 4,045 1,235
Issuance of common stock, dividend investment plan $ 626 $ 604 $ 590