XML 34 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net Income $ 2,225 $ 2,637
Items (using)/providing cash    
Depreciation and amortization 571 501
Provision for loan losses 150 499
Expense of share-based compensation plan 32 52
Amortization of premiums and discounts on securities 481 543
Amortization of intangible assets 262 306
Amortization of originated mortgage servicing rights 117 535
Recapture of originated mortgage servicing rights impairment    (444)
Proceeds from sale of loans held for sale 100,276 150,295
Originations of loans held for sale (100,165) (153,912)
Impairment of mortgage servicing rights 101   
Gain from sale of loans (1,890) (3,172)
Gain on sales of available for sale securities (56) (20)
Loss on sale of assets 52 177
OREO impairment    33
Changes in    
Interest receivable (175) (340)
Other assets (3,925) 1,704
Income from bank owned life insurance (153) (165)
Interest payable and other liabilities (156) (226)
Net cash used in operating activities (2,253) (997)
Investing Activities    
Purchases of available-for-sale securities (9,685) (16,835)
Proceeds from maturities of available-for-sale securities 10,377 16,360
Proceeds from sales of availabe-for-sale-securities 4,298 1,235
Net change in loans (29,522) (277)
Purchase of premises and equipment and software (1,255) (499)
Proceeds from sales or disposal of premises and equipment   239
Proceeds from sale of foreclosed assets 238 828
Net cash (used in) provided by investing activities (25,549) 1,051
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 5,283 2,382
Net increase (decrease) in certificates of deposit 550 (18,005)
Net increase (decrease) in securities sold under agreements to repurchase 2,550 (1,019)
Repayment of Federal Home Loan Bank advances (2,000)   
Proceeds from Federal Home Loan Bank advances 23,000 9,000
Proceeds from stock options exercised 16 17
Dividends on Common Stock (367) (269)
Repayment of notes payable (589) (554)
Net cash provided by (used in) financing activities 28,443 (8,448)
Increase (decrease) in Cash and Cash Equivalents 641 (8,394)
Cash and Cash Equivalents, Beginning of Year 13,137 19,144
Cash and Cash Equivalents, End of Period 13,778 10,750
Supplemental Cash Flows Information    
Interest paid 1,808 1,548
Income taxes paid 780 550
Transfer of loans to foreclosed assets $ 153 $ 626