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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities    
Net income $ 3,423 $ 2,075
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 957 930
Equity in (undistributed earnings) of affiliate (4) (20)
Provision for loan losses 1,522 1,541
Net (gain) on securities available for sale (288) (122)
Other than temporary impairment loss 0 1
Net loss on disposal of assets 7 39
Premium amortization on securities, net 1,790 1,344
Origination of loans held for sale (444,613) (289,532)
Proceeds from sales of loans held for sale 477,984 306,989
Net (gains) on mortgages held for sale (8,822) (6,785)
Share-based compensation 194 123
Net loss on sale of other real estate owned 24 233
Valuation adjustment on other real estate owned 557 350
Decrease in prepaid FDIC insurance 483 700
Changes in assets and liabilities:    
Decrease in other assets 525 (767)
Increase in other liabilities 172 86
Net cash provided by operating activities 33,911 17,185
Cash Flows from Investing Activities    
Proceeds from maturity, principal paydowns and calls of securities available for sale 41,046 27,868
Proceeds from sale of securities available for sale 15,986 15,860
Purchase of securities available for sale (62,912) (80,266)
Purchase of restricted stock (50) (636)
Proceeds from Sale of Property, Plant, and Equipment, Total 0 57
Purchases of bank premises and equipment (534) (694)
Net (increase) in loans (21,805) (20,530)
Proceeds from sale of other real estate owned 829 1,108
Net cash used in investing activities (27,440) (57,233)
Cash Flows from Financing Activities    
Net increase in non-interest-bearing and interest-bearing demand deposits and savings accounts 60,155 24,503
Net (decrease) increase in certificates of deposit (14,739) (6,324)
Increase in securities sold under agreements to repurchase 1,348 9,648
Proceeds from short-term borrowings 58,882 39,749
Payments on short-term borrowings (78,820) (47,377)
Proceeds from FHLB borrowings 62,912 40,000
Payments on FHLB borrowings (67,912) (25,000)
Distributions to non-controlling interest (53) (592)
Payment of dividends on common stock (703) (697)
Net cash provided by (used in) financing activities 21,070 33,910
Decrease in cash and cash equivalents 27,541 (6,138)
Cash and Cash Equivalents    
Beginning 51,270 64,724
Ending 78,811 58,586
Cash payments for:    
Interest 4,893 5,418
Income taxes 850 100
Supplemental Disclosure of Non-cash Transactions    
Unrealized gain on securities available for sale 1,911 6,033
Change in market value of interest rate swap (131) (97)
Transfer of loans to other real estate owned 6,261 625
Loans originated from sale of other real estate owned $ 149 $ 533