XML 61 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES    
Net Income $ 5,365 $ 5,329
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 409 455
Provision for loan and lease losses 800 306
Stock-based compensation 33 10
Deferred income tax provision (benefit) 61 72
Amortization of securities, (net of accretion) 226 134
Accretion of purchase accounting fair value adjustment (net of amortization) (149) (224)
Net realized (gains) losses on securities (125) (116)
(Gain) loss on other real estate (46) (27)
Gain on life insurance contract (468)  
(Increase) decrease in interest receivable (142) 159
(Increase) decrease in cash surrender value of life insurance (239) (249)
Decrease (increase) in other assets 259 (343)
Increase (decrease) in income taxes payable 1,276 1,510
(Decrease) increase in interest payable (250) (254)
Increase (decrease) in other liabilities 100 (1,059)
Net cash provided (used) by operating activities 7,110 5,703
INVESTING ACTIVITIES    
Purchase of investment securities available-for-sale (6,031) (7,343)
Purchase of investment securities to be held-to-maturity (6,874)  
Proceeds from investment securities available-for-sale 9,154 7,368
Proceeds from repayments of investment securities available-for-sale 2,354 2,871
Proceeds from repayments of investment securities held-to-maturity 3,025 4,083
Loan (originations) collections , net (20,154) (8,336)
Proceeds from other real estate 644 1,346
Purchase of life insurance contract   (1,242)
Investment in premises and equipment (232) (1,783)
Proceeds from Federal Home Loan Bank share buyback 1,080 525
Purchase of Federal Home Loan Bank restricted stock   (840)
Net cash (used) provided by investing activities (17,034) (3,351)
FINANCING ACTIVITIES    
Net increase (decrease) in demand and savings deposits 13,700 9,814
Net (payments) proceeds on time deposits (2,514) (17,932)
Increase (decrease) in securities sold under agreements to repurchase 169 507
Payments on long-term borrowings (9,764) (6,428)
Cash dividends paid (2,751) (2,752)
Net cash (used) provided by financing activities (1,160) (16,791)
Net (decrease) increase in cash and cash equivalents (11,084) (14,439)
Cash and cash equivalents at January 1 47,844 34,480
Cash and cash equivalents at June 30 36,760 20,041
Supplemental cash flow information    
Interest paid 2,244 3,142
Income taxes paid $ 1,450 $ 950