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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 4,588 $ 2,816
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses 1,625 1,950
Depreciation and other amortization 688 591
Accretion and amortization of securities discounts and premium, net 148 200
Gain on sale of investment securities available for sale (295) (230)
Gain on sale of real estate owned (74)  
Write-down of real estate owned 737  
Compensation expense related to stock options and grants 384 320
Gain on sale of loans held for sale (2,484) (880)
Loans originated and held for sale (106,754) (37,555)
Proceeds from sale of loans held for sale 108,601 34,857
Increase in cash surrender value of bank owned life insurance (332) (329)
Increase in deferred tax asset (207) (856)
Decrease in other assets, net 165 90
Decrease in other liabilities (1,157) (13)
Net cash (used for) provided by operating activities 5,633 961
Increase (decrease) in cash realized from:    
Origination of loans, net (92,843) (80,392)
Purchase of property and equipment (2,547) (1,456)
Purchase of investment securities:    
Available for sale (9,352) (2,073)
Other (149)  
Payments and maturity of investment securities:    
Available for sale 2,359 2,427
Other 1,140 157
Proceeds from sale of investment securities available for sale 10,071 10,427
Proceeds from sale of real estate owned 100 75
Net cash used for investing activities (91,221) (70,835)
Increase (decrease) in cash realized from:    
Increase in deposits, net 105,617 67,050
Increase in other borrowings   3,000
Decrease in Federal Home Loan Bank advances and other borrowings (20,000)  
Cash dividend on preferred stock   (434)
Redemption of preferred stock   (4,057)
Issuance of common stock   5,950
Proceeds from the exercise of stock options and warrants 117 287
Net cash provided by financing activities 85,734 71,796
Net increase in cash and cash equivalents 146 1,922
Cash and cash equivalents at beginning of the period 41,264 39,203
Cash and cash equivalents at end of the period 41,410 41,125
Cash paid for    
Interest 3,634 3,320
Income taxes 2,705 2,207
Schedule of non-cash transactions    
Real estate acquired in settlement of loans 343 154
Unrealized gain (loss) on securities, net of income taxes $ (219) $ 1,491