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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
Operating Activities      
Net income $ 4,112 $ 3,660 $ 2,467
(Accretion), amortization and depreciation      
Securities 369 483 652
Bank premises and equipment 850 787 709
Core deposit intangible 222 222 164
Mortgage servicing rights 240 197 167
Fair value adjustment on loans 42 42 47
Fair value adjustment on deposits and borrowings       (54)
Sales and calls of securities available-for-sale, net (11) (16) (473)
Other real estate owned 231 15 86
Life insurance policies settlement       (129)
Loss on sale/disposals of premises and equipment    6   
Impairment loss on securities recognized in earnings       (1,128)
Provision for loan losses 1,440 1,000 985
Decrease (increase) in loans held-for-sale 236 (519) 1,649
Increase in deferred loan origination fees and costs, net (182) (236) (193)
Mortgage servicing rights originated (329) (453) (367)
Increase (decrease) in mortgage servicing rights impairment reserve 12 (20) (88)
Decrease in interest receivable 6 45 503
Deferred tax expense (benefit) 130 71 (1,060)
Decrease (increase) in prepaid expenses 576 757 (2,542)
Increase in cash surrender value of life insurance policies (183) (169) (265)
Decrease (increase) in income tax receivable 147 (824) 437
Decrease (increase) in other assets 41 149 (63)
(Decrease) increase in accrued expenses (442) 270 129
(Decrease) increase in interest payable (164) (88) 25
(Decrease) increase in other liabilities (587) 62 230
Issuance of shares for directors' fee 28 23 19
Net cash provided by operating activities 6,784 5,464 4,163
Investing Activities      
Purchase of interest-bearing time deposits with other banks       (5,000)
Proceeds from maturities of interest-bearing time deposits with other banks 5,000      
Purchases of Federal Home Loan Bank of Boston stock       (709)
Purchases of securities available-for-sale (45,831) (52,932) (110,728)
Proceeds from sales of securities available-for-sale       37,818
Proceeds from calls of securities available-for-sale 27,565 24,745 42,044
Proceeds from maturities of securities available-for-sale 15,498 27,221 32,207
Proceeds from maturities of securities held-to-maturity 6 6 4
Loan originations and principle collections, net (22,556) (26,443) (28,554)
Recoveries of loans previously charged-off 82 29 30
Proceeds from sale of other real estate owned 492 66 94
Proceeds from life insurance policies settlement       534
Purchase of life insurance policies (3,000)    
Proceeds from sales/disposals of premises and equipment 200 382   
Capital expenditures (821) (2,906) (3,565)
Proceeds from sales of investment in real estate 75      
Cash and cash equivalents acquired      
Webster Bank N.A.       8,121
Net cash utilized by investing activities (23,290) (29,832) (27,704)
Financing Activities      
Increase in deposit transaction accounts, net 62,367 40,572 39,153
(Decrease) increase in time deposits, net (21,350) (28,486) 22,679
(Decrease) increase in securities sold under agreements to repurchase, net (1,042) 1,775 212
Federal Home Loan Bank of Boston advances       12,000
Principal payments on Federal Home Loan Bank of Boston advances (18,197) (3,552) (2,618)
(Decrease) increase in short term Federal Home Loan Bank of Boston advances, net       (20,878)
Proceeds from issuance of Series B preferred stock 16,000    8,816
Redemption of Series A preferred stock (8,816)      
Redemption of common stock warrants (205)      
Common stock dividends paid (1,891) (1,890) (1,889)
Series A and Series B preferred stock dividends paid (382) (441) (296)
Net cash provided by financing activities 26,484 7,978 57,179
Net increase (decrease) in cash and cash equivalents 9,978 (16,390) 33,638
Cash and cash equivalents, beginning of period 26,908 43,298 9,660
Cash and cash equivalents, end of period 36,886 26,908 43,298
Cash paid during period      
Interest 5,723 7,585 9,064
Income taxes 673 1,446 574
Non-cash transfers      
From loans to other real estate owned 3,057 610 400
From other real estate owned to loans 200 194 150
Cash and cash equivalents acquired       8,121
Net loans acquired       2,455
Fixed assets acquired       403
Accrued interest receivable acquired       7
Deposits assumed       11,446
Accrued interest payable assumed       3
Core deposit intangible       $ 463