XML 26 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 3,255$ 2,627
Net change - Noncontrolling interest930
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation457480
Amortization (accretion) of security premiums (discounts), net4429
Net (increase) decrease in loans held for sale(41,189)(3,330)
Provision for loan losses3,1003,100
Intangible amortization46207
(Increase) decrease in interest receivable319161
(Increase) decrease in other assets(826)(78)
Gain on sale of fixed assets(86)(18)
Increase (decrease) in accrued expenses(25)512
Gain on security transactions(1,025)(349)
Amortization of limited partnership investments349306
Income from life insurance investment(221)(217)
Loss on other real estate owned900
Net adjustments(38,967)803
Net cash provided by (used in) operating activities(35,703)3,460
Cash flows from investing activities  
Purchase of investments available for sale(14,969)(17,127)
Proceeds from sales of investments available for sale4,1911,860
Proceeds from maturity of investments available for sale15,68417,905
Net increase in loans held for investment(12,864)(16,382)
Proceeds from the sale of other real estate owned1,4941,210
Proceeds from the sale of fixed assets2770
Purchase of property and equipment(188)(234)
Net (increase) decrease in interest bearing bank deposits524(3,187)
Net cash used in investing activities(5,851)(15,955)
Cash flows from financing activities  
Net change in demand and savings deposits14,24617,091
Net change in time deposits6,490(12,477)
Net change in short-term debt10,434(3,481)
Cash dividends paid(1,093)(1,036)
Proceeds from rights offering2,3810
Proceeds from issuance of common stock73175
Proceeds of long-term debt24714,289
Repayment of long-term debt(6,321)(14,057)
Net cash provided (used) by financing activities26,457504
Net Increase (Decrease) in Cash and Cash Equivalents(15,097)(11,991)
Cash and cash equivalents, beginning of period20,92423,640
Cash and cash equivalents, end of period5,82711,649
Supplemental disclosure  
Cash paid for Interest5,9426,815
Cash paid for Income taxes1,000500
Transfers from loans to Other Real Estate Owned$ 3,211$ 2,456