XML 50 R8.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
Operating Activities    
Net income $ 1,963 $ 1,976
Items not requiring (providing) cash    
Provision for loan losses 350 950
Depreciation and amortization 1,030 1,231
Deferred income tax 435 (62)
Loans originated for sale (2,650) (27,664)
Proceeds from sales of loans held for sale 3,061 26,287
Gain on sale of loans held for sale (104) (436)
Gain on sale of securities - available for sale (150) (339)
(Gain) loss on sale of other real estate and repossessed assets 62 (19)
Loss on sale of premises and equipment 8  
Prepaid FDIC premium   303
Change in    
Interest receivable and other assets 70 862
Interest payable and other liabilities 602 167
Cash value of life insurance (267) (317)
Other equity adjustments 138 112
Other adjustments   140
Net cash provided by operating activities 4,548 3,191
Purchases of securities    
Available for sale (24,119) (39,922)
Proceeds from maturities and paydowns of securities    
Available for sale 6,967 18,169
Proceeds from sales of securities - available for sale 15,508 17,429
Net change in loans 544 11,957
Purchases of premises and equipment (383) (102)
Proceeds from real estate owned sales 1,278 1,106
Net cash provided by (used in) investing activities (205) 8,637
Net change in    
Noninterest-bearing, interest-bearing demand and savings deposits 16,334 14,115
Certificates of deposit (24,457) (30,397)
Proceeds from FHLB advances 117,800 60,000
Repayment of FHLB advances (116,600) (53,150)
Repayment of other borrowings (190) (190)
Cash dividends (427) (785)
Other financing activities 34 197
Net cash used in financing activities (7,506) (10,210)
Net Change in Cash and Cash Equivalents (3,163) 1,618
Cash and Cash Equivalents, Beginning of Year 25,285 25,285
Cash and Cash Equivalents, End of Year 22,122 34,396
Additional Cash Flows Information    
Interest paid 2,275 2,934
Income tax paid 500 500
Transfers from loans to foreclosed real estate 360 506
Mortgage servicing rights capitalized $ 39 $ 154