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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows From Operating Activities    
Net income $ 3,735 $ 3,615
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,040 970
Provision for (recovery of) loan losses 960 (4)
Gain on securities available for sale, net (129) (373)
Loss on disposal of assets, net 0 9
Premium amortization on securities, net 1,389 1,840
Decrease in loans held for sale, net 19,691 16,792
Share-based compensation 213 273
Gain on sale of majority interest in consolidated subsidiary (24) 0
(Gain) loss on sale of other real estate owned, net (140) 649
Valuation adjustment on other real estate owned 168 0
Valuation adjustment on property held for sale 200 0
Decrease in prepaid FDIC insurance 0 3,015
Changes in assets and liabilities:    
Decrease in other assets 611 2,165
Decrease in other liabilities (882) (801)
Net cash provided by operating activities 26,832 28,150
Cash Flows from Investing Activities    
Proceeds from maturity, calls and sales of securities available for sale 71,065 56,614
Purchase of securities available for sale (68,339) (64,924)
Redemption (purchase) of restricted stock 376 (15)
Purchases of bank premises and equipment, net (281) (460)
Increase in loans, net (3,444) (306)
Proceeds from sale of majority interest in consolidated subsidiary, net 3,618 0
Proceeds from sale of other real estate owned 1,086 3,803
Net cash provided by (used in) investing activities 4,081 (5,288)
Cash Flows from Financing Activities    
Increase (decrease) in demand, interest-bearing demand and savings deposits 34,077 (19,024)
Decrease in certificates of deposit (12,978) (1,002)
Increase in securities sold under agreements to repurchase 792 1,808
Decrease in short-term borrowings 0 (6,185)
Increase in FHLB borrowings 0 7,088
Distributions to non-controlling interest 0 (676)
Payment of dividends on common stock (994) (708)
Proceeds from issuance of common stock, net 156 0
Repurchase of stock (86) (102)
Net cash provided by (used in) financing activities 20,967 (18,801)
Increase in cash and and cash equivalents 51,880 4,061
Cash and cash equivalents at beginning of the period 67,343 54,415
Cash and cash equivalents at end of the period 119,223 58,476
Supplemental Disclosures of Cash Flow Information    
Interest paid 2,884 3,538
Income taxes 425 0
Supplemental Disclosure of Non-Cash Transactions    
Unrealized gain (loss) on securities available for sale 5,230 (6,169)
Change in market value of interest rate swap (156) 309
Transfer of loans to other real estate owned $ 2,046 $ 2,093