XML 23 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net earnings $ 3,168 $ 1,990
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 4,406 2,853
Provision for loan losses 3,652 6,318
Gain on sale of investment securities (1,191) (1,256)
Loss on sale of other real estate 40 143
Write-down of other real estate 344 565
Restricted stock expense 17 7
Change in:    
Mortgage loans held for sale 1,393 1,847
Cash surrender value of life insurance (205) (121)
Other assets (267) 394
Other liabilities 11,867 (135)
Net cash provided by operating activities 23,224 12,605
Cash flows from investing activities:    
Purchases of investment securities available for sale (25,473) (80,971)
Proceeds from calls, maturities and paydowns of investment securities available for sale 31,641 24,749
Proceeds from sales of investment securities available for sale 34,788 35,269
Purchases of other investments (493) (232)
Proceeds from sale of other investments 471 153
Net change in loans 21,662 24,691
Purchases of premises and equipment (426) (1,214)
Proceeds from sale of other real estate 3,406 1,679
Net cash provided by investing activities 65,576 4,124
Cash flows from financing activities:    
Net change in deposits (46,565) (8,302)
Net change in demand notes payable to U.S. Treasury 0 (348)
Net change in securities sold under agreement to repurchase 10,910 10,418
Proceeds from FHLB borrowings 25,400 5,000
Repayments of FHLB borrowings (25,400) (5,000)
Preferred Stock Repurchase (11,695) 0
Restricted stock payout 0 9
Cash dividends paid on Series A preferred stock (710) (626)
Cash dividends paid on common stock (499) (222)
Net cash (used) provided by financing activities (48,559) 929
Net change in cash and cash equivalent 40,241 17,658
Cash and cash equivalents at beginning of period 29,236 23,977
Cash and cash equivalents at end of period 69,477 41,635
Cash paid during the year for:    
Interest 4,737 5,924
Income taxes 985 112
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net 1,551 (2,921)
Change in unrealized gain on derivative financial instruments, net 0 395
Transfer of loans to other real estate and repossessions 2,707 6,051
Financed portion of sale of other real estate 303 3,222
Accretion of Series A preferred stock 70 70
Discount on preferred stock $ 835 $ 0