XML 24 R9.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,294 $ 4,964
Adjustments to reconcile net income to net cash flows from operating activities-    
Depreciation, amortization, and accretion 1,351 1,262
Provision for loan losses 888 719
Curtailment charge for nonqualified defined benefit retirement plan 191 0
Increase in cash surrender value of bank owned life insurance (294) (305)
Bank owned life insurance death benefits in excess of cash surrender value 0 (792)
Realized (gain) loss on sales of securities available-for-sale (419) (128)
Realized (gain) loss on sales of premises and equipment (5) 13
Realized gain from sale of insurance agency (1,503) 0
Realized gain from sale of repossessed assets (31) (14)
Origination of mortgage loans for sale (2,698) (2,554)
Realized gains from sales of mortgage loans (57) (48)
Proceeds from sales of mortgage loans 2,726 2,575
Compensation expense related to stock options 22 19
Partial charge-off of other real estate owned 0 84
Changes in:    
Accrued income receivable 21 242
Other assets 57 (353)
Other liabilities (335) (458)
NET CASH FLOWS FROM OPERATING ACTIVITIES 4,208 5,226
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of investment securities available-for-sale 18,982 11,657
Proceeds from maturities and calls of investment securities:    
Available-for-sale 15,729 29,831
Held-to-maturity 2,628 1,840
Purchases of investment securities:    
Available-for-sale (48,203) (40,328)
Held-to-maturity (1,730) (2,515)
Purchase of Federal Reserve Bank stock (2) 0
Proceeds from redemption of Federal Reserve Bank stock 0 1
Net (increase) decrease in loans (3,281) (139)
Proceeds from bank owned life insurance death benefits 0 1,269
Proceeds from sale of repossessed assets 148 117
Purchases of premises and equipment (1,692) (469)
Proceeds from sales of premises and equipment 13 16
Proceeds from sale of insurance agency, net of cash disposed 1,523 0
NET CASH FLOWS FROM INVESTING ACTIVITIES (15,885) 1,280
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 40,212 47,803
Net increase (decrease) in short-term borrowings (9,493) (10,796)
Proceeds from long-term debt 5,000 0
Principal payments on long-term debt (6,059) (1,149)
Cash dividends paid on common stock (2,141) (2,140)
NET CASH FLOWS FROM FINANCING ACTIVITIES 27,519 33,718
NET CHANGE IN CASH AND CASH EQUIVALENTS 15,842 40,224
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 10,999 12,626
CASH AND CASH EQUIVALENTS AT END OF PERIOD 26,841 52,850
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest 3,514 4,313
Income taxes 1,714 1,761
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES:    
Transfer from loans to other real estate owned and repossessed assets $ 229 $ 161