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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities      
Net income $ 4,083 $ 4,077 $ 4,112
Financing Activities      
Redemption of Series A preferred stock     8,816
Statements of Cash Flows
     
Operating Activities      
Net income 4,083 4,077 4,112
(Accretion), amortization and depreciation      
Securities 365 611 369
Bank premises and equipment 856 883 850
Core deposit intangible 222 222 222
Mortgage servicing rights 389 379 240
Fair value adjustment on loans 32 33 42
(Gains) and losses      
Sales and calls of securities available-for-sale, net    (279) (11)
Gains on sales of loans, excluding capitalized servicing rights (285) (915) (358)
Other real estate owned 133 123 231
Loss on sale/disposals of premises and equipment 34      
Provision for loan losses 1,066 1,070 1,440
Proceeds from loans sold 18,693 61,109 31,260
Loans originated for sale (16,702) (61,125) (30,666)
Increase in deferred loan origination fees and costs, net (150) (28) (182)
Mortgage servicing rights originated (294) (682) (329)
(Decrease) increase in mortgage servicing rights impairment reserve (23) 16 12
Decrease in interest receivable 58 308 6
Deferred tax (benefit) expense (134) (199) 130
Decrease in prepaid expenses 706 207 576
Increase in cash surrender value of life insurance policies (234) (258) (183)
Decrease in income tax receivable 311 242 147
(Increase) decrease in other assets (637) (26) 41
Increase (decrease) in accrued expenses 734 927 (442)
Decrease in interest payable (55) (75) (164)
Increase (decrease) in other liabilities 346 473 (587)
Issuance of shares for directors' fee 34 24 28
Stock based compensation - restricted stock awards 143      
Net cash provided by operating activities 9,691 7,117 6,784
Investing Activities      
Proceeds from maturities of interest-bearing time deposits with other banks       5,000
Purchase of interest-bearing time deposit with other banks (738)      
Redemption of Federal Home Loan Bank of Boston stock 407 285   
Purchases of securities available-for-sale    (6,288) (45,831)
Proceeds from sale of securities available-for-sale    2,771   
Proceeds from calls of securities available-for-sale 3,800 12,625 27,565
Proceeds from maturities of securities available-for-sale 23,888 22,420 15,498
Proceeds from maturities of securities held-to-maturity    50 6
Loan originations and principle collections, net (52,088) (18,888) (22,556)
Recoveries of loans previously charged-off 31 100 82
Proceeds from sale of other real estate owned 1,423 2,098 492
Purchase of life insurance policies       (3,000)
Proceeds from sales/disposals of premises and equipment       200
Capital expenditures (556) (380) (821)
Proceeds from sales of investment in real estate       75
Net cash (utilized) provided by investing activities (23,833) 14,793 (23,290)
Financing Activities      
(Decrease) increase in deposit transaction accounts, net (2,997) 29,724 62,367
Decrease in time deposits, net (10,849) (9,815) (21,350)
Increase (decrease) in securities sold under agreements to repurchase, net 770 (10,364) (1,042)
Principal payments on Federal Home Loan Bank of Boston advances (1,569) (22,635) (18,197)
Proceeds from issuance of Series B preferred stock       16,000
Redemption of Series A preferred stock       (8,816)
Redemption of common stock warrants       (205)
Common stock dividends paid (1,915) (1,892) (1,891)
Series A and Series B preferred stock dividends paid (161) (240) (382)
Net cash (utilized) provided by financing activities (16,721) (15,222) 26,484
Net (decrease) increase in cash and cash equivalents (30,863) 6,688 9,978
Cash and cash equivalents, beginning of year 43,574 36,886 26,908
Cash and cash equivalents, end of year 12,711 43,574 36,886
Cash paid during year      
Interest 3,117 4,357 5,723
Income taxes 732 946 673
Non-cash transfers      
From loans to other real estate owned 1,689 1,047 3,057
From other real estate owned to loans    (1,326) 200
The Company recorded a capital lease asset and incurred a capital lease obligation in connection with the lease of a building $ 425