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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 $ 3,807 $ 2,881
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 2,950 4,378
Depreciation and amortization 829 861
Net amortization of securities 2,540 504
Security (gains) losses 0 3
Loss on sale of other real estate owned 29 48
Income on bank owned life insurance (278) (257)
Net change in other assets and liabilities (1,139) 863
NET CASH FROM OPERATING ACTIVITIES 8,738 9,281
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 19,251 27,489
Proceeds from sales of securities available for sale 3,361 1,896
Purchases of securities available for sale (63,277) (39,014)
Loan originations and payments, net 19,845 (7,560)
Proceeds from sale of other real estate owned 141 354
Purchase of bank owned life insurance (3,000) 0
Proceeds from BOLI death benefit 108 0
Additions to premises and equipment (1,179) (632)
NET CASH FROM INVESTING ACTIVITIES (24,750) (17,467)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 9,013 (16,873)
Net change in short-term borrowings 3,086 11,999
Repayment of Federal Home Loan Bank borrowings and other debt (1,161) (1,889)
Cash dividends paid (1,119) (813)
Proceeds from dividend reinvestment 255 240
Net proceeds from issuance of common shares 13,772 0
NET CASH FROM FINANCING ACTIVITIES 23,846 (7,336)
NET CHANGE IN CASH AND CASH EQUIVALENTS 7,834 (15,522)
Beginning cash and cash equivalents 37,305 51,160
Ending cash and cash equivalents 45,139 35,638
Supplemental cash flow information:    
Interest paid 4,108 6,435
Income taxes paid 2,085 50
Supplemental noncash disclosures:    
Transfer of loans to other real estate $ 437 $ 173