XML 33 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net Income $ 3,487 $ 2,225
Items (using)/providing cash    
Depreciation and amortization 547 571
Provision for loan losses 850 150
Expense of share-based compensation plan 41 32
Amortization of premiums and discounts on securities 499 481
Amortization of intangible assets 109 262
Amortization of originated mortgage servicing rights 501 $ 117
Recapture of originated mortgage servicing rights impairment (269)  
Impairment of mortgage servicing rights 80 $ 101
Proceeds from sale of loans held for sale 150,977 100,276
Originations of loans held for sale (146,906) (100,165)
Gain from sale of loans (3,780) (1,890)
Loss on sale of assets 20 52
Changes in    
Interest receivable (160) (175)
Other assets (7,804) (4,134)
Interest payable and other liabilities 2,066 (156)
Net cash provided by (used in) operating activities 258 (2,253)
Investing Activities    
Purchases of available-for-sale securities (25,456) (9,685)
Proceeds from maturities of available-for-sale securities $ 11,155 10,377
Proceeds from sales of available-for-sale-securities   4,298
Net change in loans $ (6,709) (29,522)
Purchase of premises and equipment and software (3,411) $ (1,255)
Proceeds from sales or disposal of premises and equipment 36  
Proceeds from sale of foreclosed assets 110 $ 238
Net cash used in investing activities (24,275) (25,549)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 15,123 5,283
Net (decrease) increase in certificates of deposit (3,103) 550
Net increase in securities sold under agreements to repurchase $ 2,429 2,550
Repayment of Federal Home Loan Bank advances   (2,000)
Proceeds from Federal Home Loan Bank advances $ 4,000 23,000
Proceeds from stock options exercised 18 $ 16
Repurchase of Common Stock (2)  
Dividends on Common Stock (467) $ (367)
Dividends on Preferred Stock $ (469)  
Repayment of notes payable   $ (589)
Net cash provided by financing activities $ 17,529 28,443
(Decrease) Increase in Cash and Cash Equivalents (6,488) 641
Cash and Cash Equivalents, Beginning of Year 28,197 13,137
Cash and Cash Equivalents, End of Period 21,709 13,778
Supplemental Cash Flows Information    
Interest paid 1,269 1,808
Income taxes paid 1,060 780
Transfer of loans to foreclosed assets $ 27 $ 153