XML 30 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Consolidated Statements of Cash Flows:    
Net earnings $ 5,552 $ 5,388
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan and lease losses (100) 400
Depreciation and amortization 557 639
Premium amortization and discount accretion, net 1,150 1,620
Net loss (gain) on securities available-for-sale 530 (679)
Net gain on sale of loans held for sale (880) (1,693)
Increase (decrease) in MSR valuation allowance 31 (373)
Net (gain) loss on other real estate owned (204) 13
Loss on prepayment of long-term debt 0 2,012
Loans originated for sale (44,185) (80,169)
Proceeds from sale of loans 43,469 81,689
Increase in cash surrender value of bank owned life insurance (375) (289)
Net (increase) decrease in other assets (82) 2,392
Net increase in accrued expenses and other liabilities 8,200 455
Net cash provided by operating activities 13,663 11,405
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 37,132 38,614
Proceeds from maturities of securities available-for-sale 47,241 48,588
Purchase of securities available-for-sale (70,943) (99,923)
(Increase) decrease in loans, net (12,126) 14,033
Net purchases of premises and equipment (19) (516)
Decrease in FHLB stock 235 1,153
Proceeds from sale of other real estate owned 3,322 2,599
Net cash provided by investing activities 4,842 4,548
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 1,732 951
Net increase in interest-bearing deposits 10,187 12,653
Net increase in federal funds purchased and securities sold under agreements to repurchase 971 54
Repayments or retirement of long-term debt 0 (27,012)
Dividends paid (2,351) (2,294)
Net cash provided by (used in) financing activities 10,539 (15,648)
Net change in cash and cash equivalents 29,044 305
Cash and cash equivalents at beginning of period 54,222 61,949
Cash and cash equivalents at end of period 83,266 62,254
Supplemental disclosures of cash flow information:    
Interest 4,125 5,228
Income taxes 963 258
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 449 $ 2,278