XML 27 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net Income (Loss) $ 4,591 $ (7,453)
Adjustments to reconcile net income: to cash provided by operating activities:    
Provision for credit losses 1,010 12,497
Depreciation and amortization 1,196 1,347
Accretion of investment securities (150) (50)
Decrease in accrued interest receivable 326 267
(Decrease) in accrued interest payable (17) (88)
(Increase) Decrease in accounts payable and accrued liabilities (270) 1,977
(Decrease) increase in unearned fees (182) (143)
Increase (Decrease) in income taxes payable 2,754 (3,643)
Stock-based compensation expense 17 14
Deferred Income Taxes 25 0
(Gain) loss on sale of other real estate owned (386) 129
Impairment loss on other real estate owned 0 2,007
Impairment loss on core deposit intangible 0 36
Impairment loss on investment securities 284 308
Impairment loss on investment in bank stock 76 0
Impairment loss on goodwill 0 1,489
Increase in surrender value of life insurance (427) (399)
Loss on fair value option of financial liabilities 488 (1,778)
Loss on tax credit limited partnership interest 207 313
Gain (loss) on sale of investment securities 10 (11)
Gain on sale of other investment (1,807) 0
Net decrease in other assets (270) 549
Net cash provided by operating activities 7,477 7,368
Cash Flows From Investing Activities:    
Net decrease in interest-bearing deposits with banks 681 2,218
Redemption of correspondent bank stock 438 450
Maturities, calls and principal payments of available-for-sale securities 5,088 12,073
Purchases of available-for-sale securities (11,022) (8,561)
Net decrease in loans 29,139 6,802
Cash proceeds from sales of other real estate owned 3,988 4,571
Cash proceeds from sale of other investment 2,174 0
Cash proceeds from sale of premises and equipment 36 0
Cash proceeds from sale of investment securities 3,508  
SERP distributions (31) 0
Investment in limited partnership 0 (16)
Premiums paid on life insurance 0 (125)
Capital expenditures for premises and equipment (769) (630)
Net cash provided by investing activities 33,230 16,782
Cash Flows From Financing Activities:    
Net (decrease) increase in demand deposits and savings accounts 10,752 52,491
Net decrease in certificates of deposit (34,123) (47,601)
Decrease in other borrowings 0 (7,000)
Net cash used in financing activities (23,371) (2,110)
Net (decrease) in cash and cash equivalents 17,336 22,040
Cash and cash equivalents at beginning of period 124,184 98,430
Cash and cash equivalents at end of period $ 141,520 $ 120,470