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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CONSOLIDATED STATEMENTS OF CASH FLOWS    
Net income $ 2,700 $ 4,532
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 748 732
Provision for loan losses 2,340 1,980
Amortization (accretion), net (885) (1,617)
OREO writedowns (gains on sales), net 32 1
Stock compensation expense 47 24
Loans originated for sale (8,387) (8,331)
Secondary market loans sold 8,606 8,612
Secondary market income (140) (184)
Gain on sale of buildings 0 (81)
Gain on sale of securities (18) 0
Changes in:    
Interest receivable 318 194
Other assets (476) 316
Interest payable (51) 31
Other liabilities 197 99
Net cash from operating activities 5,031 6,308
Cash flows from investing activities    
Purchases of securities available for sale (89,429) (130,360)
Proceeds from the sale of securities available for sale 2,017 0
Proceeds from maturities and calls of securities available for sale 51,366 139,113
Redemption of FRB and FHLB stock, (net of purchases) 1,261 (398)
Net change in loans 20,890 9,247
Purchases of premises and equipment, net (514) 28
Proceeds from sales of other real estate acquired through foreclosure 1,767 1,431
Net cash from investing activities (12,642) 19,061
Cash flows from financing activities    
Net change in deposits (44,854) (20,117)
Common Stock dividends paid 0 (1,746)
Preferred Stock dividends paid (834) (556)
Net change in short-term Federal Home Loan Bank advances (2,400) 0
Repayment of Federal Home Loan Bank advances (83) (4,085)
Repayment of other borrowed funds (1,020) (948)
Net change in federal funds purchased 1,444 22
Net change in agreements to repurchase securities (3,579) (3,152)
Net cash from financing activities (51,326) (30,582)
Net change in cash and cash equivalents (58,937) (5,213)
Cash and cash equivalents at beginning of period 122,248 84,596
Cash and cash equivalents at end of period 63,311 79,383
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 4,429 4,975
Cash paid during period for income taxes 2,305 1,350
Loans transferred to real estate acquired through foreclosure $ 2,124 $ 1,841