XML 62 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Operating Activities    
Net Income $ 5,205 $ 4,814
Items not requiring (providing) cash    
Depreciation and amortization 1,089 1,232
Provision for loan losses 900 1,350
Expense of share-based compensation plan 64 51
Amortization of premiums and discounts on securities 955 1,266
Amortization of intangible assets 564 630
Amortization of originated mortgage servicing rights 827 1,335
Deferred income taxes 1,731 1,858
Proceeds from sale of loans held for sale 239,208 325,486
Originations of loans held for sale (232,379) (321,828)
Gain from sale of loans (5,651) (6,548)
Loss on sales of assets 484 329
Net gains on sales of securities (48)  
Software and fixed asset impairment    65
OREO impairment 33 58
Originated mortgage servicing rights impairment, net (629) (309)
Changes in    
Interest receivable (46) 400
Other assets 1,236 (62)
Interest payable and other liabilities 403 (2,710)
Net cash provided by operating activities 13,946 7,417
Investing Activities    
Purchases of available-for-sale securities (32,090) (28,573)
Proceeds from maturities of available-for-sale securities 29,993 41,321
Proceeds from sales of available-for-sale securities 7,389   
Net change in loans (15,642) (22,997)
Purchase of premises, equipment and software (1,152) (833)
Proceeds from sales of premises, equipment and software 317   
Proceeds from sale of foreclosed assets 2,277 1,098
Purchase of FHLB stock    (63)
Net cash used in investing activities (8,909) (10,048)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 9,745 35,612
Net decrease in certificates of deposit (18,512) (27,376)
Net increase (decrease) in securities sold under agreements to repurchase 4,363 (8,446)
Proceeds from Federal Home Loan Bank advances 9,000 53,000
Repayment of Federal Home Loan Bank advances (14,000) (44,776)
Proceeds from stock options exercised 58   
Dividends on Common Stock (586)   
Repayment of notes payable (1,113) (1,086)
Net cash provided by (used in) financing activities (11,045) 6,928
Increase (Decrease) in Cash and Cash Equivalents (6,007) 4,298
Cash and Cash Equivalents, Beginning of Year 19,144 14,846
Cash and Cash Equivalents, End of Year 13,137 19,144
Supplemental Cash Flows Information    
Interest paid 3,534 8,206
Income taxes paid 550 120
Transfer of loans to foreclosed assets $ 981 $ 1,181