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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows From Operating Activities      
Net income (loss) $ 4,662 $ (2,326) $ 5,099
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 1,882 1,753 1,849
Equity in distributions in excess of earnings (undistributed earnings) of affiliate (20) (244) 115
Provision for loan losses 2,884 12,005 4,551
Net (gain) on securities available for sale (460) (866) (2,070)
Other than temporary impairment loss 25 1,103 1,072
Net loss on sale of assets 42 4 1
Premium amortization on securities, net 2,837 2,622 294
Deferred income tax expense (benefit) 525 (3,173) (708)
Origination of loans held for sale (682,306) (782,172) (939,751)
Proceeds from sales of loans held for sale 667,145 784,979 946,902
Net (gains) on mortgages held for sale (17,992) (17,158) (11,860)
Equity compensation 471 158 119
Net loss on sale of other real estate owned 330 190 183
Valuation adjustment on other real estate owned 1,453 1,507 2,825
Valuation adjustment on bank properties 0 1,360 0
(Increase) decrease in prepaid FDIC insurance 1,161 1,769 (6,923)
Changes in assets and liabilities:      
(Increase) in other assets (3,710) (2,736) (1,665)
Increase (decrease) in other liabilities (426) 844 (710)
Net cash used in operating activities (21,497) (381) (677)
Cash Flows from Investing Activities      
Proceeds from maturity, principal paydowns and calls of securities available for sale 60,651 58,503 24,612
Proceeds from sale of securities available for sale 37,564 68,757 110,330
Purchase of securities available for sale (148,944) (206,910) (133,811)
Purchase of restricted stock (821) (570) (259)
Redemption of restricted stock 0 499 450
Proceeds from sale of equipment 57 18 0
Purchases of bank premises and equipment (1,351) (939) (1,979)
Net (increase) decrease in loans (20,708) (25,867) 18,098
Proceeds from sale of other real estate owned 2,948 1,031 2,710
Purchase of bank-owned life insurance 0 (682) (453)
Net cash provided by (used in) investing activities (70,604) (106,160) 19,698
Cash Flows from Financing Activities      
Net increase in non-interest-bearing and interest-bearing demand deposits and savings accounts 36,768 64,453 85,674
Net increase (decrease) in certificates of deposit 2,795 20,205 (24,809)
Increase (decrease) in securities sold under agreements to repurchase 6,124 8,363 (5,479)
Proceeds from short-term borrowings 119,178 129,963 383,885
Payments on short-term borrowings (104,167) (120,181) (421,291)
Proceeds from FHLB borrowings 55,000 47,912 0
Payments on FHLB borrowings (35,000) (20,000) (49,000)
Distributions to non-controlling interest (641) (369) (458)
Payment of dividends on preferred stock 0 0 (987)
Payment of dividends on common stock (1,396) (2,425) (2,955)
Net proceeds from issuance of preferred stock 0 0 22,000
Repayment of preferred stock 0 0 (22,000)
Net proceeds from issuance of common stock 0 134 24,229
Repurchase of stock (14) 0 0
Net cash provided by (used in) financing activities 78,647 128,055 (11,191)
Increase (decrease) in cash and and cash equivalents (13,454) 21,514 7,830
Cash and Cash Equivalents      
Beginning 64,724 43,210 35,380
Ending 51,270 64,724 43,210
Cash payments for:      
Interest paid to depositors 8,937 12,497 15,969
Interest paid on short-term obligations 570 579 741
Interest paid on long-term debt 1,218 1,714 3,030
Total Interest Paid 10,725 14,790 19,740
Income taxes 900 0 1,791
Supplemental Disclosure of Noncash Transactions      
Unrealized gain (loss) on securities available for sale 7,873 2,138 (1,770)
Change in market value of interest rate swap (626) 312 0
Pension liability adjustment 234 (234) 2,841
Transfer of loans to other real estate owned 5,932 4,611 4,632
Loans originated from sale of other real estate owned 533 0 0
Transfer of other real estate owned to bank premises $ 527 $ 0 $ 0