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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities    
Net income $ 4,728 $ 3,735
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,171 1,040
(Recovery of) provision for loan losses 25 960
Gain on sales of securities available for sale, net (138) (129)
Loss on disposal of assets, net 9 0
Premium amortization on securities, net 1,927 1,389
Decrease in loans held for sale, net 0 19,691
Share-based compensation 280 213
Gain on sale of majority interest in consolidated subsidiary 0 (24)
Loss on sale of other real estate owned, net 35 (140)
Valuation adjustment on other real estate owned 20 168
Valuation adjustment on property held for sale 0 200
Changes in assets and liabilities:    
(Increase) decrease in other assets (1,447) 611
Decrease in other liabilities (498) (882)
Net cash provided by operating activities 6,112 26,832
Cash Flows from Investing Activities    
Proceeds from maturity, calls principal repayments and sales of securities available for sale 62,646 71,065
Purchase of securities available for sale (69,277) (68,339)
Redemption (purchase) of restricted stock, net (495) 376
Purchases of bank premises and equipment, net (2,471) (281)
Origination of loans, net (19,288) (8,936)
Proceeds from sale of loans 1,127 5,492
Proceeds from sale of majority interest in consolidated subsidiary, net 0 3,618
Proceeds from sale of other real estate owned and repossessed assets 673 1,086
Net cash (used in) provided by investing activities (27,085) 4,081
Cash Flows from Financing Activities    
Increase in demand, interest-bearing demand and savings deposits 22,089 34,077
Decrease in time deposits (5,717) (12,978)
Increase (decrease) in securities sold under agreements to repurchase (14,502) 792
Increase in FHLB borrowings 15,000 0
Payment of dividends on common stock (1,430) (994)
Proceeds from issuance of common stock, net 0 156
Repurchase of common stock (82) (86)
Net cash provided by financing activities 15,358 20,967
Increase (decrease) in cash and and cash equivalents (5,615) 51,880
Cash and cash equivalents at beginning of the period 55,022 67,343
Cash and cash equivalents at end of the period 49,407 119,223
Supplemental Disclosures of Cash Flow Information    
Interest paid 2,147 2,884
Income taxes 1,360 425
Supplemental Disclosure of Non-Cash Transactions    
Unrealized (loss) gain on securities available for sale (1,115) 5,230
Change in market value of interest rate swap (7) (156)
Transfer of loans to other real estate owned and repossessed assets $ 0 $ 2,046