XML 108 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Cash Flows from Operating Activities      
Net income $ 1,244 $ 1,169  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 492 570  
Origination of loans held for sale (2,567) (3,452)  
Proceeds from sale of loans held for sale 3,194 3,818  
Gains on sale of loans held for sale (124) (92)  
Provision for loan losses 2,250 2,650  
Provision for other real estate owned 448 569 1,190
Net gains on sale of securities available for sale   (1,118)  
Net gains on sale of other real estate owned (64) (250) (268)
Income from bank owned life insurance (130)    
Accretion of discounts and amortization of premiums on securities, net 504 369  
Changes in assets and liabilities:      
Decrease in interest receivable 34 84  
(Increase) decrease in other assets (766) 165  
Increase in other liabilities 841 85  
Net cash provided by operating activities 5,356 4,567  
Cash Flows from Investing Activities      
Proceeds from sales of securities available for sale 1,850 24,217  
Proceeds from maturities, calls, and principal payments of securities available for sale 13,461 14,708  
Purchase of securities available for sale (34,216) (34,598)  
Proceeds from redemption of restricted securities 169 367  
Purchase of premises and equipment (122) (284)  
Proceeds from sale of premises and equipment 3    
Proceeds from sale of other real estate owned 1,927 3,815  
Net decrease in loans 3,043 3,537  
Net cash provided by (used in) investing activities (13,885) 11,762  
Cash Flows from Financing Activities      
Net increase in demand deposits and savings accounts 17,990 10,964  
Net decrease in time deposits (8,949) (21,442)  
Principal payments on other borrowings (12) (5,012)  
Net proceeds from issuance of common stock   7,601  
Cash dividends paid on preferred stock (379) (379)  
Net cash provided by (used in) financing activities 8,650 (8,268)  
Increase in cash and cash equivalents 121 8,061  
Cash and Cash Equivalents      
Beginning 31,028 29,524 29,524
Ending 31,149 37,585 31,028
Cash payments for:      
Interest 1,540 2,263  
Income Taxes 310 430  
Supplemental Disclosures of Noncash Investing and Financing Activities      
Unrealized loss on securities available for sale (2,693) (820)  
Transfer from loans to other real estate owned 191 3,180  
Transfer from premises and equipment to other real estate owned 224    
Transfer from other assets to other real estate owned $ 452