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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities:    
Net income $ 54 $ 455
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 261 296
Provision for loan and lease losses 0 1,050
Amortization of premium on securities 163 163
Net amortization of deferred fees and unearned income on loans (332) (160)
Net gain on sale of premises and equipment (27) (21)
Net gain on sale of small business administration loans 0 (1,160)
Small business administration loan originations 0 (14,815)
Proceeds from sale of small business administration loans 0 16,001
Write down of other real estate owned 0 298
Stock-based compensation expense 683 540
Tax effect included in stockholders equity of restricted stock vesting (23) 0
Other 0 (89)
Changes in operating assets and liabilities:    
Net decrease in accrued interest receivable 331 11
Net increase in other assets (142) (531)
Net decrease in deferred taxes 0 695
Net increase in income taxes receivable (58) (23)
Net (decrease) increase in accrued interest payable (39) 329
Net decrease in other liabilities (667) (2,174)
Net cash provided by discontinued operations 0 9,223
Net cash provided by operating activities 204 10,088
Cash Flows From Investing Activities:    
Net increase in interest-bearing time deposits with financial institutions 0 (500)
Maturities of and principal payments received on securities available for sale and other stock 4,130 5,398
Purchase of securities available for sale and other stock (33) 0
Principal payments received on other investments 2,087 0
Proceeds from sale of other real estate owned 0 1,130
Capitalized cost of other real estate owned 0 (21)
Net decrease (increase) in loans 2,976 (34,956)
Purchases of premises and equipment (329) (288)
Proceeds from sale of premises and equipment 27 38
Net cash provided by (used in) investing activities 8,858 (29,199)
Cash Flows From Financing Activities:    
Net (decrease) increase in deposits (44,359) 39,069
Payments of borrowings (9,500) (22,500)
Proceeds from exercise of common stock options 1,241 344
Net cash (used in) provided by financing activities (52,618) 16,913
Net (decrease) increase in cash and cash equivalents (43,556) (2,198)
Cash and Cash Equivalents, beginning of period 177,135 106,940
Cash and Cash Equivalents, end of period 133,579 104,742
Supplementary Cash Flow Information:    
Cash paid for interest on deposits and other borrowings 2,686 2,622
Cash paid for income taxes 58 0
Non-Cash Investing Activities:    
Transfer of loans into other real estate owned 280 5,188
Non-Cash Financing Activities:    
Series C Preferred Stock issued in connection with dividends on Series B Preferred Stock $ 593 $ 544