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Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net earnings (loss) $ (1,851) $ 1,834
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Provision for loan losses 4,674 883
Provision for losses on loans receivable held-for-sale 26 547
Provision for losses on REO 782 111
Depreciation 206 214
Net amortization of deferred loan origination (fees) costs 20 (6)
Net amortization of premiums on mortgage-backed securities 59 102
Stock-based compensation expense 45 80
Earnings on bank owned life insurance (44) (48)
Net losses on sales of REO 49 35
Net (gains) losses on sales of loans (11) 136
Net change in:    
Accrued interest receivable 259 (98)
Deferred tax assets (767) (127)
Other assets (1,543) 2,353
Other liabilities 790 (663)
Net cash provided by operating activities 2,694 5,353
Cash flows from investing activities:    
Net change in loans receivable 10,136 3,037
Proceeds from sales and principal repayments of loans receivable held-for-sale 14,243 2,864
Available-for-sale securities:    
Maturities, prepayments and calls 1,367 2,718
Held-to-maturity securities:    
Maturities, prepayments and calls 1,042 1,998
Proceeds from sales of REO 2,305 1,396
Investment in affordable housing limited partnership (286) (359)
Redemption (Purchase) of FHLB stock   (62)
Additions to office properties and equipment (21) (102)
Net cash provided by investing activities 28,786 11,490
Cash flows from financing activities:    
Net change in deposits (36,074) 28,661
Proceeds from FHLB advances 7,000  
Repayments on FHLB advances (7,000) (3,600)
Net increase in other borrowings   5,000
Cash dividends paid   (412)
Reissuance of treasury stock 6 6
Net change in advance payments by borrowers for taxes and insurance 471 (178)
Net cash provided by (used in) financing activities (35,597) 29,477
Net change in cash and cash equivalents (4,117) 46,320
Cash and cash equivalents at beginning of period 21,978 7,440
Cash and cash equivalents at end of period 17,861 53,760
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,912 4,796
Cash paid for income taxes 865  
Supplemental disclosures of non-cash investing and financing activities:    
Transfers of loans receivable to REO 6,414 3,957
Transfers of loans receivable held-for-sale to REO 266  
Transfers of loans receivable from loans receivable, net to loans receivable held-for-sale   $ 1,422