XML 31 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities    
Net Income $ 600 $ 1,820
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 715 813
Net amortization and accretion of premiums and discounts on securities 604 514
(Gain) on sale of available-for-sale securities (1,182) (358)
Provision for loan losses 4,807 2,783
Loss on sale of other real estate owned 487 53
Impairment of other real estate owned 395 132
Stock compensation expense   2
Benefit for deferred income taxes 195 (79)
Amortization of tax credit investment 247 196
(Increase) decrease in interest receivable (114) 710
(Increase) decrease in other assets 439 573
Decrease in income taxes receivable (374) 323
(Decrease) in interest payable (10) (79)
Increase in other liabilities 315 318
Net cash provided by operating activities 7,124 7,721
Cash flows from investing activities    
Purchases of securities held-to-maturity (1,000)  
Proceeds from maturities and calls of securities held-to-maturity 7,000 1,000
Purchases of securities available-for-sale (72,827) (45,659)
Proceeds from maturities, calls and paydowns of securities available-for-sale 20,114 8,464
Purchases of bank owned life insurance (3,000)  
Proceeds from sale of securities available-for-sale 44,671 43,657
Proceeds from sale of restricted stock 203 135
Origination of loans, net of principal collected (6,618) (7,555)
Improvements to other real estate owned (20) (31)
Purchases of premises and equipment (694) (266)
Proceeds from the sale of other real estate owned 2,663 612
Net cash provided by (used in) investing activities (9,508) 357
Cash flows from financing activities    
Net increase (decrease) in deposits 5,844 (7,382)
Net increase (decrease) in repurchase agreements 1,049 (3,380)
Net (decrease) in Federal Home Loan Bank advances   (10,000)
Proceeds from exercise of stock options 72 138
Net cash provided by (used in) financing activities 6,965 (20,624)
(Decrease) increase in cash and cash equivalents 4,581 (12,546)
Cash and cash equivalents at beginning of period 18,759 31,305
Cash and cash equivalents at end of period 23,340 18,759
Non cash transactions    
Transfer of loans to foreclosed assets 4,619 2,509
Portion of foreclosed asset sales financed 1,281  
Transfer of premises and equipment to foreclosed assets   1,031
Fair value adjustment for securities 968 (288)
Cash transactions    
Cash paid for interest 4,202 6,467
Cash paid for taxes $ 712 $ 1,045