XML 39 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 $ 4,646 $ 2,664 $ 2,665
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 3,276 5,138 4,914
Stock plan accruals 115 152 268
Depreciation and amortization of bank premises and equipment 699 733 784
Accretion and amortization, net 3,342 1,802 1,172
Net gain on sale of available-for-sale securities (8) (930) (663)
Net gain on sale of loans held-for-sale (2,337) (855) (1,113)
Net gain on sale of other real estate owned (17) (241) (52)
Impairment on other real estate owned 71 572 689
Net gain on sale of bank premises and equipment (4) (159) (43)
Provision for deferred income taxes 1,055 920 55
Proceeds from sales of loans held-for-sale 90,729 45,771 73,769
Originations of loans held-for-sale (90,119) (45,403) (73,361)
Decrease in deferred loan origination fees and costs, net (577) (371) (78)
Decrease (increase) in interest receivable and other assets 2,881 (2,021) 3,162
Increase in interest payable and other liabilities 582 361 541
Net cash provided by operating activities 14,334 8,133 12,709
Cash flows from investing activities:      
Proceeds from maturities of available-for-sale securities 25,805 33,055 16,288
Proceeds from sales of available-for-sale securities 1,492 30,916 37,539
Principal repayments on available-for-sale securities 32,097 17,632 12,453
Purchase of available-for-sale securities (85,183) (133,316) (99,210)
Net increase in stock in Federal Home Loan Bank and other equity securities, at cost (532) (252) (317)
Net (increase) decrease in loans (12,552) 1,262 24,980
Purchases of bank premises and equipment, net (480) (593) (1,379)
Proceeds from sale of other real estate owned 2,402 4,223 2,746
Net cash used in investing activities (36,951) (47,073) (6,900)
Cash flows from financing activities:      
Net increase (decrease) in deposits 51,853 38,700 (11,168)
Proceeds from issuance of preferred stock 0 22,847 0
Redemption of preferred stock 0 (17,390) 0
Redemption of common stock warrants 0 (375) 0
Increase in FHLB advances and other borrowings 0 62,729 69,318
Decrease in FHLB advances and other borrowings (7,000) (66,258) (70,602)
Dividends on preferred stock (1,139) (953) (870)
Cash dividends paid in lieu of fractional shares (3) 0 0
Common stock issued 93 105 144
Net cash provided by (used in) financing activities 43,804 39,405 (13,178)
Net increase (decrease) in cash and cash equivalents 21,187 465 (7,369)
Cash and cash equivalents at beginning of year 140,172 139,707 147,076
Cash and cash equivalents at end of year $ 161,359 $ 140,172 $ 139,707