XML 30 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net income (loss) $ 5,003 $ 5,365 $ (2,001)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for loan losses 10,353 10,225 19,017
Depreciation and amortization 1,228 1,357 1,632
Amortization (accretion) of premiums and discounts 1,390 2,206 1,529
Amortization of intangibles 137 137 137
Amortization of loan servicing rights 201 262 422
Amortization of deferred loan fees (54) 162 103
Federal deferred income tax expense (benefit) (43) 469 (2,578)
Securities gains, net (832) (393) (690)
Share-based compensation expense 189 102 79
Loans originated for sale (69,066) (80,175) (105,623)
Proceeds from sales of loan originations 71,612 79,853 106,566
Net gain from loan sales (889) (1,000) (1,146)
Net loss on sale of other assets 293 116 60
Net gain on extinguishment of debt   (2,210)  
Net (increase) decrease in accrued interest receivable and other assets 5,372 249 (9,099)
Net increase (decrease) in accrued interest payable, taxes and other liabilities 230 (4,477) (1,930)
Net cash provided by operating activities 25,124 12,248 6,478
Investing Activities      
Proceeds from sales of available-for-sale securities 36,427 15,499 38,141
Proceeds from maturities of available-for-sale securities 111,809 118,569 69,307
Purchase of available-for-sale securities (152,265) (111,777) (129,941)
Purchase of trading securities     (9,005)
Proceeds from maturities of trading securities   436 1,737
Proceeds from sale of trading securities   7,774 10,462
Purchase of Federal Reserve Bank Stock   (756)  
Purchase of Federal Home Loan Bank Stock     (101)
Net increase in loans made to customers (42,419) (25,395) (12,943)
Proceeds from the sale of other real estate owned 3,651 584 917
Purchase of bank premises and equipment (774) (906) (549)
Proceeds from sale of bank premises and equipment 257 11 197
Net cash provided by (used in) investing activities (43,314) 4,039 (31,778)
Financing Activities      
Net increase (decrease) in demand and other noninterest-bearing 11,237 (3,029) 24,511
Net increase in savings, money market and interest-bearing demand 41,543 13,389 12,366
Net increase (decrease) in certificates of deposit (40,226) (3,267) 13,381
Net decrease in short-term borrowings (705) (525) (21,471)
Proceeds from Federal Home Loan Bank advances 24,500 34,000 22,500
Payment of Federal Home Loan Bank advances (24,504) (34,004) (33,352)
Extinguishment of debt, net   (10)  
Dividends paid (1,576) (1,565) (2,625)
Net cash provided by financing activities 10,269 4,989 15,310
Net increase (decrease) in cash and cash equivalents (7,921) 21,276 (9,990)
Cash and cash equivalents, January 1 48,568 27,292 37,282
Cash and cash equivalents, December 31 40,647 48,568 27,292
Supplemental cash flow information      
Interest paid 10,424 13,404 21,664
Income taxes paid 960 675 400
Transfer of loans to other real estate owned 3,120 2,970 1,317
Common stock issued for extinguishment of debt   $ 2,040