XML 21 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities    
Net Income $ 2,232 $ 1,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 583 557
Asset Retirement Obligation, Accretion Expense 0 11
Provision for loan losses 0 967
Gains (Losses) on Sales of Other Real Estate (130)  
(Gain) loss on interest rate swaps 33 (37)
Gain on sale of securities 0 0
Amortization of security premiums, net 23 42
Amortization of unearned compensation, net of forfeiture 132 117
Tax benefit of vested stock grant 0 69
Changes in assets and liabilities:    
(Increase) in other assets 160 (332)
Increase (decrease) in other liabilities (12) 380
Net cash provided by operating activities 3,021 3,540
Cash Flows from Investing Activities    
Proceeds from Sale of Available-for-sale Securities, Debt 0 0
Proceeds from maturities, calls and principal payments of securities available for sale 4,996 10,885
Purchase of securities available for sale (7,960) (12,592)
Purchase of premises and equipment (5,277) (780)
Redemptions (purchases) of restricted securities 168 876
Net decrease in loans 8,271 7,794
Proceeds from sale of other real estate owned 2,809 0
Net cash provided by (used in) investing activities 3,007 6,183
Cash Flows from Financing Activities    
Net increase (decrease) in demand deposits, NOW accounts and savings accounts (5,328) 6,315
Net increase (decrease) in certificates of deposit (12,126) (2,120)
(Increase) Decrease in FHLB advances (32) (15,030)
Cash dividends paid on common stock (895) (891)
Issuance of common stock 104 68
Net cash (used in) financing activities (18,277) (11,658)
(Decrease) in cash and cash equivalents (12,249) (1,935)
Cash and Cash Equivalents    
Beginning 71,126 64,435
Ending 58,877 62,500
Cash payments for:    
Interest 1,312 1,746
Income taxes 178 0
Supplemental Disclosures of Noncash Investing Activities    
Unrealized (loss) on securities available for sale, net of tax effect 813 (760)
Unrealized gain (loss) on interest rate swap, net of taxes $ (51) $ 166