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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Operating Activities    
Net income $ 4,593 $ 5,606
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,257 2,862
Loss (gain) from real estate owned 11 (99)
Increase in cash surrender value of bank-owned life insurance (396) (378)
Provision for loan losses 324 2,852
Stock compensation expense 514 202
Loss on other-than-temporary impairment of securities 49 252
Gain (loss) from sale of available-for-sale securities 63 (48)
Loans originated for sale (741,078) (738,225)
Proceeds from sale of loans 784,077 730,729
Gain on loans sold (8,379) (10,647)
Unrealized loss on loans held-for-sale 4 0
Gain on derivatives (307) 0
Net change in:    
Accrued interest receivable (708) (67)
Other assets 552 417
Accrued expenses and other liabilities (36) 861
Net cash provided by (used in) operating activities 41,540 (5,683)
Investing Activities    
Net change in loans (61,039) (19,274)
Net change in interest bearing deposits (2,500) 0
Loans purchased (83,265) (9,737)
Bank owned life insurance purchased 0 (3,000)
Proceeds from liquidation of other real estate owned 1,268 1,345
Maturities of securities available for sale 29,757 45,625
Proceeds from sale of securities available for sale 72,019 4,223
Purchase of securities available for sale (134,471) (59,002)
Purchase of premises and equipment (7,187) (309)
Net cash used in investing activities (185,418) (40,129)
Financing Activities    
Net increase in deposits 142,404 44,026
Cash dividends paid (450) (479)
Proceeds from issuance of subordinated debt and related warrants 3,000 0
Net proceeds from common stock issuance 29,101 0
Repayment of FHLB advances (22,000) 0
Proceeds from FHLB advances 13,000 0
Net cash provided by financing activities 165,055 43,547
Net Increase (Decrease) in Cash and Cash Equivalents 21,177 (2,265)
Cash and Cash Equivalents, Beginning of Year 32,513 34,778
Cash and Cash Equivalents, End of Year 53,690 32,513
Supplemental Disclosures of Cash Flows Information    
Cash paid during the year for interest 8,106 8,532
Cash paid during the year for taxes 770 2,253
Loans transferred to real estate owned 581 3,401
Cash dividends declared, not paid $ 265 $ 0