XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) In Thousands, unless otherwise specified (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,006 $ 622
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses   100
Increase in deferred loan origination fees, net 7 3
Depreciation and amortization 114 134
Amortization of investment security premiums and discounts, net 1,238 1,422
Gain on life insurance death benefit.   (118)
(Increase) decrease in cash surrender values of life insurance policies (65) 46
Stock based compensation expense 33 33
(Gain) loss on sale/write-down of other real estate owned (106) 93
Decrease in accrued interest receivable and other assets 639 1,157
Decrease in accrued interest payable and other liabilities (159) (467)
Net cash provided by operating activities 2,707 3,025
Cash flows from investing activities:    
Proceeds from matured available-for-sale investment securities 270  
Proceeds from called available-for-sale investment securities 105  
Purchases of available-for-sale investment securities (11,474) (27,425)
Proceeds from principal repayments for available-for-sale investment securities 9,277 15,528
Proceeds from principal repayments for held-to-maturity investment securities 94 218
Net (increase) decrease in loans (3,724) 6,091
Proceeds from sale of other real estate 106 3,743
Capitalized additions to other real estate   (112)
Death benefit from life insurance policy   419
Purchases of equipment (137) (44)
Net cash used in investing activities (5,483) (1,582)
Cash flows from financing activities:    
Net increase (decrease) in demand, interest-bearing and savings deposits 18,173 (7,477)
Net (decrease) increase in time deposits (971) 77
Net decrease in other borrowings (5,000)  
Cash paid to repurchase common stock (3,243) (1,657)
Net cash provided by (used in) financing activities 8,959 (9,057)
Increase (decrease) in cash and cash equivalents 6,183 (7,164)
Cash and cash equivalents at beginning of year 17,948 55,461
Cash and cash equivalents at end of period $ 24,131 $ 47,847