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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net earnings $ 2,886 $ 741
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 885 740
Amortization of purchase accounting adjustments (689) 20
Provision for loan losses 675 1,600
Provision for deferred tax expense 229 137
Amortization of premiums on securities, net 357 299
Amortization of other investments 4 4
Stock compensation expense 0 14
Restricted stock expense 12 18
Net gain on sale of investment securities 0 (41)
Net loss on sale of other real estate owned 94 0
Write down of other real estate owned 17 84
Gain on valuation of other real estate owned (25) 0
Change in accrued interest receivable (134) (296)
Change in accrued interest payable (250) (231)
Change in other assets & other liabilities, net 336 1,019
Net cash provided by operating activities 4,397 4,108
Cash flows from investing activities:    
Net decrease in time deposits in other banks 0 5,164
Proceeds from maturities and calls of securities available-for-sale 20,529 11,754
Proceeds from maturities and calls of securities held-to-maturity 3,465 770
Proceeds from sale of securities available-for-sale 0 2,266
Purchases of securities available-for-sale (19,871) (40,196)
Purchases of other investments (1) (1)
Net change in loans (1,767) 2,519
Purchases of premises and equipment (417) (579)
Proceeds from sale of premises and equipment 0 6
Proceeds from sale of other real estate owned 109 0
Net cash (used in) provided by investing activities 2,047 (18,297)
Cash flows from financing activities:    
Change in deposits 12,734 22,756
Change in securities sold under agreements to repurchase 2,977 1,899
Proceeds from FHLB advances 100 0
Repayments of FHLB advances (100) 0
Payment of dividends on preferred stock (400) (249)
Payment of dividends on common stock (732) (681)
Net cash provided by financing activities 14,579 23,725
Net increase in cash and cash equivalents 21,023 9,536
Cash and cash equivalents, beginning of period 83,303 91,907
Cash and cash equivalents, end of period 104,326 101,443
Supplemental cash flow information:    
Accretion Of Warrants 0 50
Transfer of loans to other real estate 97 407
Net change in loan to ESOP 0 28
Financed sales of other real estate $ 150 $ 0