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Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 588$ 1,984
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation1,071999
Amortization of premium on investment securities, net2,2451,284
Provision for loan losses6,2318,643
Gain on sale of securities(1,882)(3,471)
Stock based compensation1628
Decrease (increase) in accrued interest receivable271(209)
Impairment of real estate and repossessions acquired in settlement of loans515206
Loss on sale of real estate and repossessions acquired in settlement of loans101272
Income from Bank owned life insurance(222)(223)
Originations of mortgage loans held for sale(40,860)(18,485)
Proceeds from sale of loans held for sale42,65816,382
Decrease in other assets1,384266
Decrease in accrued interest payable(1)(139)
Decrease in other liabilities, net(2,323)(859)
Net cash provided by operating activities9,7926,678
Cash flows from investing activities:  
Proceeds from sales of investment securities classified as available-for-sale112,58796,858
Proceeds from maturities of investment securities classified as available-for-sale35,68436,981
Purchases of investment securities classified as available-for-sale(197,774)(152,456)
Redemption of Federal Home Loan Bank common stock803367
Purchases of premises and equipment(572)(1,169)
Proceeds from disposal of real estate and repossessions acquired in settlement of loans and real estate held for sale2,1562,357
Purchases of life insurance(2,500) 
Net loan repayments (disbursements)34,282(5,436)
Net cash used by investing activities(15,334)(22,498)
Cash flows from financing activities:  
Net increase in deposits10,66835,862
Net increase (decrease) in borrowings(6,981)4,124
Dividends paid to common shareholders(399)(917)
Dividends paid on preferred stock(673)(673)
Net proceeds from issuance of common stock 19
Net cash provided by financing activities2,61538,415
(Decrease) increase in cash and cash equivalents(2,927)22,595
Cash and cash equivalents at beginning of period20,166[1]17,811
Cash and cash equivalents at end of period17,23940,406
Cash paid during the period:  
Interest7,8249,101
Taxes163746
Supplemental disclosures of noncash financing and investing activities:  
Cash dividends declared but not paid 199
Unrealized gains on available-for-sale securities, net of deferred taxes2,8892,497
Transfer from loans to real estate and repossessions acquired in settlement of loans4,4593,043
Transfer from long-term to short-term borrowings9,0006,500
Transfer from investments to other assets 250
Transfer from real estate and repossessions acquired in settlement of loans to bank premises and equipment $ 398
[1]Derived from audited consolidated financial statements.