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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income $ 2,274 $ 3,352
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan losses    (100)
Depreciation expense 1,359 1,178
Net amortization of investment securities 283 629
Net realized gains on investment securities available for sale (177) (137)
Net gains on loans held for sale (547) (912)
Amortization of deferred loan fees (198) (228)
Origination of mortgage loans held for sale (36,105) (49,686)
Sales of mortgage loans held for sale 36,090 58,340
Increase in accrued interest income receivable (372) (340)
Decrease in accrued interest payable (173) (414)
Earnings on bank owned life insurance (559) (605)
Deferred income taxes 139 1,327
Stock based compensation expense 56 68
Goodwill impairment charge 669   
Decrease in prepaid Federal Deposit Insurance    1,444
Other, net (679) (1,337)
Net cash provided by operating activities 2,060 12,579
INVESTING ACTIVITIES    
Purchases of investment securities - available for sale (10,215) (41,176)
Purchases of investment securities - held to maturity (2,442) (8,432)
Proceeds from sales of investment securities - available for sale 5,242 2,298
Proceeds from maturities of investment securities - available for sale 16,581 37,335
Proceeds from maturities of investment securities - held to maturity 1,095 4,067
Purchases of regulatory stock (6,679) (4,180)
Proceeds from redemption of regulatory stock 6,329 3,844
Long-term loans originated (126,805) (144,733)
Principal collected on long-term loans 91,886 111,399
Loans purchased or participated (4,247) (9,000)
Loans sold or participated 7,810 1,000
Proceeds from sale of other real estate owned 454 1,027
Proceeds from life insurance policy    356
Purchases of premises and equipment (1,643) (2,643)
Net cash used in investing activities (22,634) (48,838)
FINANCING ACTIVITIES    
Net increase in deposit balances 17,828 16,412
Net (decrease) increase in other short-term borrowings (15,117) 15,436
Principal borrowings on advances from Federal Home Loan Bank 12,000 14,000
Principal repayments on advances from Federal Home Loan Bank    (6,000)
Purchases of treasury stock    (1,171)
Common stock dividends (563) (379)
Preferred stock dividends (158) (157)
Net cash provided by financing activities 13,990 38,141
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (6,584) 1,882
CASH AND CASH EQUIVALENTS AT JANUARY 1 30,066 26,820
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30 $ 23,482 $ 28,702