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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 1,566,410 $ 461,896
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 400,000 1,840,000
Depreciation 274,599 196,159
Amortization of intangibles 118,065 100,556
Accretion of discounts and premiums on securities, net 120,195  
Gain on disposal of premises and equipment   (7,468)
(Gain) loss on sale of other real estate owned (48,242) 28,964
Gain on sale of loans held for sale (550,367) (304,608)
Gain on sale of investment securities available for sale   (1,033,857)
Stock based compensation expense 9,274 1,803
Originations of loans held for sale, net 8,592,848 (21,901,305)
Proceeds from sale of loans held for sale 33,390,939 5,800,213
Other operating activities 1,550,116 (120,052)
Net cash provided by (used in) operating activities 45,423,837 (14,937,699)
Cash flows from investing activities:    
Proceeds from sale of investment securities available for sale   23,548,721
Proceeds from principal repayments of mortgage-backed securities available for sale 7,107,128 5,793,875
Originations of loans held for investment, net of principal repayments 5,329,849 12,667,905
Proceeds from disposal of other real estate owned 1,912,970 992,371
Proceeds from disposal of premises and equipment   18,128
Purchases of investment securities available for sale (19,936,624)  
Sale of FHLB stock 1,010,400  
Purchase of premises and equipment (44,621) (1,511,952)
Net cash provided by (used in) investing activities (4,620,898) 41,509,048
Cash flows from financing activities:    
Net increase (decrease) in deposit accounts (1,285,011) 5,731,634
Net decrease in FHLB borrowings (16,500,000)  
Net change in repurchase agreements   (415,290)
Net cash provided by (used in) financing activities (17,785,011) 5,316,344
Increase in cash and cash equivalents 23,017,928 31,887,693
Cash and cash equivalents, beginning of period 12,366,389 32,774,319
Cash and cash equivalents, end of period 35,384,317 64,662,012
Supplemental disclosures:    
Other real estate acquired in settlement of loans 299,881 2,235,056
Exchange of loans for mortgage-backed securities   13,479,981
Cash paid for interest $ 837,523 $ 1,298,964