XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 320 $ 257
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for loan losses 309 423
Depreciation 110 125
Discount accretion and premium amortization on securities, net 56 75
Write down of other real estate 142 0
Loss on sale of other real estate 54 27
Stock compensation expense 1 4
Proceeds from sale of loans 626 314
Origination of loans for sale (1,100) (238)
Change in cash surrender value of bank owned life insurance (58) (57)
Changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable 13 (52)
Decrease in other assets 367 274
Decrease in accrued interest payable (36) (1)
Decrease in other liabilities (1,989) (100)
Net cash (used in) provided by operating activities (1,185) 1,051
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturity of securities available for sale 0 2,000
Proceeds from call of securities available for sale 8,000 3,000
Purchase of securities available for sale (4,986) (15,000)
Net (increase) decrease in loans (204) 5,230
Purchases of premises and equipment (21) (12)
Proceeds from sale of other real estate 1,226 470
Net cash provided by (used in) investing activities 4,015 (4,312)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in noninterest-bearing deposits 6,263 246
Net increase in interest-bearing deposits 5,648 14,808
Net proceeds (repayment) of securities sold under agreements to repurchase 918 (367)
Net repayment of Federal Home Loan Bank advances (302) (296)
Cash dividends 0 (34)
Net cash provided by financing activities 12,527 14,357
Increase in cash and cash equivalents 15,357 11,096
CASH AND CASH EQUIVALENTS    
Beginning 13,724 12,905
Ending 29,081 24,001
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 495 926
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Unrealized loss on securities available for sale (60) (180)
Loans transferred to other real estate owned 1,812 914
Loans made on sale of other real estate owned $ 419 $ 20