XML 40 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net income $ 2,053 $ 4,117 $ 3,667
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,182 1,163 1,234
Disposal of obsolete assets fixed assets 0 45 140
Provision for loan losses 5,807 1,933 2,075
Loss on sale or impairment of other real estate 370 1,018 120
Loss on interest rate swaps 51 0 0
Deferred tax benefit (53) (119) (854)
Loss on impairment of securities 0 189 1,404
(Gain) on sale and call of securities (166) (102) (541)
Tax benefit of nonqualified options exercised 0 (33) (55)
Amortization (accretion) of security premiums, net 65 84 72
Amortization of unearned compensation, net of forfeiture 140 136 247
Changes in assets and liabilities:      
Decrease (increase) in other assets (1,948) 492 (47)
Increase (decrease) in other liabilities (1,461) 1,754 (314)
Net cash provided by operating activities 6,040 10,678 7,148
Cash Flows from Investing Activities      
Proceeds from sale of securities available for sale 3,684 6,599 10,488
Proceeds from maturities, calls and principal payments of securities available for sale 21,661 25,468 14,708
Purchase of securities available for sale (25,719) (32,201) (36,818)
Purchase of premises and equipment (1,156) (1,838) (1,507)
(Purchase of) proceeds from redemption of other bank stock, net 206 845 386
Net decrease (increase) in loans 1,414 4,967 (1,011)
Proceeds from sale of other real estate owned 0 1,482 817
Net cash provided by (used in) investing activities 90 5,322 (12,937)
Cash Flows from Financing Activities      
Net increase in demand deposits, NOW accounts and savings accounts 22,399 22,405 85,969
Net (decrease) increase in certificates of deposit (37,834) (11,891) (31,900)
Federal Home Loan Bank advances 13,200 0 0
Federal Home Loan Bank principal repayments (10,000) 0 (25,000)
Repayment of federal funds 0 0 0
Cash dividends paid on common stock (1,774) (1,761) (2,615)
Issuance of common stock 153 226 309
Net cash provided by (used in) financing activities (13,856) 8,979 26,763
Increase (decrease) in cash and cash equivalents (7,726) 24,979 20,974
Cash and Cash Equivalents      
Beginning 72,161 47,182 26,208
Ending 64,435 72,161 47,182
Cash payments for:      
Interest 4,118 5,138 6,273
Income taxes 2,930 656 2,376
Supplemental Disclosures of Noncash Investing Activities      
Foreclosed assets acquired in settlement of loans 0 1,455 1,278
Unrealized gain (loss) on securities available for sale, net of tax effect (22) 758 (556)
Unrealized gain (loss) on interest rate swap, net of tax effect (181) (192) 12
Changes in benefit obligations and plan assets for defined benefit and post-retirement benefit plans, net of tax effect $ (192) $ 182 $ 403