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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net loss $ (536,164) $ (15,459,486) $ (15,398,945)
Adjustments to reconcile net loss to net cash used in operating activities      
Restructuring charges and asset impairments (63,680) 951,659  
Amortization and accretion of investment premiums and discounts, net 310,830 409,511 401,949
Amortization and accretion of purchase loan premiums and discounts, net 11,477 11,301 110,433
Amortization of core deposit intangible 6,962 15,012 15,900
Provision for loan losses (2,379,223) 7,464,427 7,714,000
Net gain on sale of investment securities (910,591) (1,109,305)  
Gain on sale of loans (336,274) (79,729)  
Gain on sale of mortgage loans (83,823)    
Originations of mortgage loans held for sale (5,206,497)    
Proceeds from sales of mortgage loans held for sale 3,763,021    
Loss on disposal of fixed assets 16,406 4,644  
(Gain) loss on sale of other real estate owned (185,143) (193,786) 164,494
Impairment write-down on other real estate owned   165,764 1,084,023
Depreciation and amortization of premises and equipment 1,215,774 1,272,660 1,498,334
Share-based compensation expense 306,421 0  
Earnings on cash surrender value of life insurance (517,099) (636,272) (546,910)
Change in assets and liabilities:      
Decrease (increase) in net deferred loan costs 183,914 (472,515) (288,790)
Decrease in accrued interest and dividends receivable 558,887 59,007 724,066
(Increase) decrease in other assets (167,488) 6,276,762 799,119
Increase in accrued expenses and other liabilities 858,272 344,279 830,750
Net cash used in operating activities (3,154,018) (976,067) (2,891,577)
Cash Flows from Investing Activities      
Purchases of available for sale securities (44,485,312) (65,459,630) (15,162,500)
Purchases of other investments     (3,500,000)
Proceeds from sale of available for sale securities 45,226,033 26,349,070  
Proceeds from redemptions of available for sale securities 15,999,814   15,000,000
Principal repayments on available for sale securities 7,775,420 12,029,209 8,793,644
Purchase of Federal Reserve Bank stock (48,850) (1,174,100)  
Proceeds from repurchase of excess stock by the Federal Reserve Bank 25,650 659,100 647,650
Proceeds from repurchase of excess stock by the Federal Home Loan Bank 164,500    
Proceeds from sale of loans 99,737,524 55,089,794  
Net (increase) decrease in loans (60,645,644) (34,363,332) 93,035,888
Purchase of other real estate owned   (481,165)  
Capital improvements to other real estate owned (111,463) (20,000) (266,449)
Proceeds from sale of other real estate owned 3,347,391 19,579,304 11,786,337
Purchases of premises and equipment, net (615,519) (685,029) (173,083)
Net cash provided by investing activities 66,369,544 11,523,221 110,161,487
Cash Flows from Financing Activities      
Net increase (decrease) in demand, savings and money market deposits 13,234,388 (17,785,483) (33,040,482)
Net decrease in time certificates of deposit (60,860,883) (84,113,953) (81,484,981)
Net proceeds from issuance of common stock in acquisition     46,233,779
Net cash used in financing activities (47,626,495) (101,899,436) (68,291,684)
Net increase (decrease) in cash and cash equivalents 15,589,031 (91,352,282) 38,978,226
Cash and cash equivalents at      
Beginning of year 55,425,376 146,777,658 107,799,432
End of year 71,014,407 55,425,376 146,777,658
Supplemental Disclosures of Cash Flow Information      
Interest paid 7,127,255 8,290,544 13,250,797
Income taxes paid 10,319 10,534 2,080
Supplemental Disclosure of Noncash Investing and Financing Activities      
Unrealized holding (losses) gain on available for sale securities arising during the period (834,456) (1,875,874) 767,812
Transfer of loans to other real estate owned 6,111,989 5,403,970 10,103,199
Transfer of other real estate owned to premises and equipment 950,000    
Transfer of loans to held for sale   250,000  
Transfer of deposits to held for sale 24,705,381    
Transfer of branch assets held for sale $ 88,244