XML 66 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended 12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Cash Flows from Operating Activities      
Net income $ 2,484 $ 1,857  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 763 836  
Origination of loans held for sale (2,567) (5,279)  
Proceeds from sale of loans held for sale 3,241 5,696  
Gains on sale of loans held for sale (171) (143)  
Provision for loan losses 2,525 3,455  
Provision for other real estate owned 660 595 1,190
Net gains on sale of securities available for sale    (1,285)  
Net gains on sale of other real estate owned (53) (297) (268)
Income from bank owned life insurance (199)    
Accretion of discounts and amortization of premiums on securities, net 709 586  
Changes in assets and liabilities:      
Decrease in interest receivable 120 39  
(Increase) decrease in other assets (532) 2,868  
Increase in other liabilities 708 152  
Net cash provided by operating activities 7,688 9,080  
Cash Flows from Investing Activities      
Proceeds from sales of securities available for sale 1,850 26,158  
Proceeds from maturities, calls, and principal payments of securities available for sale 19,373 19,274  
Purchase of securities available for sale (40,991) (50,100)  
Proceeds from redemption of restricted securities 170 832  
Purchase of restricted securities   (30)  
Purchase of premises and equipment (232) (419)  
Proceeds from sale of premises and equipment 3    
Proceeds from sale of other real estate owned 2,927 5,041  
Net decrease in loans 12,294 5,058  
Net cash provided by (used in) investing activities (4,606) 5,814  
Cash Flows from Financing Activities      
Net increase in demand deposits and savings accounts 18,880 11,066  
Net decrease in time deposits (14,534) (23,280)  
Principal payments on other borrowings (18) (13,018)  
Net proceeds from issuance of common stock   7,601  
Cash dividends paid on preferred stock (568) (568)  
Net cash provided by (used in) financing activities 3,760 (18,199)  
Increase (decrease) in cash and cash equivalents 6,842 (3,305)  
Cash and Cash Equivalents      
Beginning 31,028 29,524 29,524
Ending 37,870 26,219 31,028
Cash payments for:      
Interest 2,219 3,299  
Income Taxes 310 940  
Supplemental Disclosures of Noncash Investing and Financing Activities      
Unrealized loss on securities available for sale (3,194) (1,193)  
Transfer from loans to other real estate owned 748 4,287  
Transfer from premises and equipment to other real estate owned 641     
Transfer from other assets to other real estate owned $ 452