XML 85 R123.htm IDEA: XBRL DOCUMENT v2.4.0.8
PARENT COMPANY FINANCIAL INFORMATION (Statements of Cash Flows) (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
Net income $ 5,193 $ 5,039 $ 6,537
Adjustments to reconcile net income to net cash provided by operating activities:      
Net cash provided by operating activities 14,854 3,212 10,794
INVESTING ACTIVITIES      
Proceeds from maturities of investment securities - available for sale 43,307 59,800 53,243
Net cash used in investing activities (66,301) (32,154) (14,074)
FINANCING ACTIVITIES      
TARP warrant repurchase       (825)
Preferred stock dividend paid (209) (828) (1,054)
Common stock dividend paid (566)      
Net cash provided by financing activities 54,693 20,979 18,726
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,246 (7,963) 15,446
CASH AND CASH EQUIVALENTS AT JANUARY 1 26,820 34,783 19,337
CASH AND CASH EQUIVALENTS AT DECEMBER 31 30,066 26,820 34,783
Parent Company [Member]
     
OPERATING ACTIVITIES      
Net income 5,193 5,039 6,537
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings of subsidiaries (756) 2,080 (4,901)
Stock compensation expense 82 38 15
Other - net (718) (989) (285)
Net cash provided by operating activities 3,801 6,168 1,366
INVESTING ACTIVITIES      
Purchase of investment securities - available for sale (3,885) (2,077) (3,049)
Proceeds from maturities of investment securities - available for sale 2,506 2,809 5,942
Net cash used in investing activities (1,379) 732 2,893
FINANCING ACTIVITIES      
Purchase of regulatory stock (1,171) (4,417) (582)
TARP warrant repurchase       (825)
Preferred stock dividend paid (209) (828) (1,054)
Common stock dividend paid (566)      
Net cash provided by financing activities (1,946) (5,245) (2,461)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 476 1,655 1,798
CASH AND CASH EQUIVALENTS AT JANUARY 1 6,185 4,530 2,732
CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 6,661 $ 6,185 $ 4,530