XML 41 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities    
Net income $ 678 $ 98
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 453 1,142
Depreciation and amortization 163 171
Net amortization of securities premiums and discounts 489 921
Net realized gain on sale of securities   (370)
Net realized gain on sale of foreclosed real estate (13) (29)
Write-downs of and provisions for foreclosed real estate   196
Deferred income taxes 251 381
Earnings on bank owned life insurance (83) (92)
Compensation expense for stock options and stock awards 80 54
(Increase) decrease in assets:    
Accrued interest receivable (130) (40)
Other assets 55 (720)
Decrease in accrued interest payable and other liabilities 733 128
Net Cash Provided by Operating Activities 2,676 1,840
Securities available for sale:    
Purchases (4) (27,529)
Sales   10,836
Maturities, calls and principal repayments 3,646 10,769
Securities held to maturity:    
Purchases   (263)
Maturities, calls and principal repayments 262  
Net increase in loans (21,202) (5,449)
Proceeds from the sale of foreclosed real estate 242 966
Purchases of bank premises and equipment (874) (30)
Increase in FHLB stock (720) (135)
Net Cash Used in Investing Activities (18,650) (10,835)
Cash Flows from Financing Activities    
Net (decrease) increase in deposits (4,460) 1,407
Increase in borrowed funds 15,000 3,000
Net Cash Provided by Financing Activities 10,540 4,407
Net Decrease in Cash and Cash Equivalents (5,434) (4,588)
Cash and Cash Equivalents - Beginning 13,246 11,668
Cash and Cash Equivalents - Ending 7,812 7,080
Supplementary Cash Flows Information    
Interest paid 772 872
Income taxes paid   19
Supplementary Schedule of Noncash Investing and Financing Activities    
Foreclosed real estate acquired in settlement of loans $ 443 $ 2,689