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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Activities    
Net income $ 940 $ 1,250
Amortization and depreciation    
Securities 155 181
Bank premises and equipment 215 225
Core deposit intangible 56 56
Mortgage servicing rights 104 77
Fair value adjustment on loans 8 8
Gains on calls of securities available-for-sale    (12)
Gain on sale/disposals of premises and equipment    (1)
Gain recognized on other real estate owned (1) (1)
Provision for loan losses 396 180
Decrease (increase) in loans held-for-sale 1,169 (360)
(Increase) decrease in deferred loan origination fees and costs, net (37) 6
Mortgage servicing rights originated (152) (180)
(Decrease) increase in mortgage servicing rights impairment reserve (33) 92
Increase in interest receivable (204) (663)
Deferred tax benefit (13) (13)
Decrease (increase) in prepaid expenses 15 (1)
Increase in cash surrender value of life insurance policies (61) (67)
Decrease in income tax receivable 169 389
Decrease in other assets 32 6
Decrease in accrued expenses 174 300
Decrease in interest payable (33) (30)
Decrease (increase) in other liabilities (383) 16
Issuance of shares of restricted stock 24   
Net cash provided by operating activities 2,540 1,458
Investing Activities    
Redemption of Federal Home Loan Bank of Boston stock 408 285
Proceeds from calls of securities available-for-sale 1,200 3,820
Proceeds from maturities of securities available-for-sale 5,911 6,623
Proceeds from maturities of securities held-to-maturity    50
Loan originations and principle collections, net (19,423) (147)
Recoveries of loans previously charged-off 3 10
Proceeds from sale of other real estate owned 1,086 1,744
Capital expenditures (35) (54)
Net cash (utilized) provided by investing activities (10,850) 12,331
Financing Activities    
(Decrease) increase in deposit transaction accounts, net (1,661) 3,725
Decrease in time deposits, net (1,782) (2,345)
Increase (decrease) in securities sold under agreements to repurchase, net 545 (1,789)
Principal payments on Federal Home Loan Bank of Boston advances (406) (11,408)
Common stock dividends paid (479) (473)
Preferred stock dividends paid (40) (62)
Net cash utilized by financing activities (3,823) (12,352)
Net (decrease) increase in cash and cash equivalents (12,133) 1,437
Cash and cash equivalents, beginning of period 43,574 36,886
Cash and cash equivalents, end of period 31,441 38,323
Cash paid during period    
Interest 948 1,205
Income taxes 1,285 788
Non-cash transfers    
Transfer from loans to other real estate owned 1,553   
From other real estate owned to loans    $ 1,000