XML 26 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Cash Flows From Operating Activities:      
Net Income $ 1,075 $ 1,051 $ 5,018
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for credit losses (9) 2  
Depreciation and amortization 226 377  
Accretion of investment securities (18) (98)  
Decrease in accrued interest receivable 89 216  
Increase (Decrease) in accrued interest payable 6 (3)  
Increase in accounts payable and accrued liabilities (431) (279)  
(Decrease) Increase in unearned fees (37) 122  
(Decrease) Increase in income taxes payable (837) 630  
Stock-based compensation expense 4 5  
Deferred income taxes 229 (198)  
Gain on sale of other real estate owned (1,025) (63)  
Impairment loss on other real estate owned 118 0  
Impairment loss on investment securities 0 22  
Increase in surrender value of life insurance (128) (136)  
Loss on fair value option of financial liabilities 557 477  
Loss on tax credit limited partnership interest 33 103  
Net (increase) decrease in other assets 44 19  
Net cash (used in) provided by operating activities (104) 2,247  
Cash Flows From Investing Activities:      
Net (increase) decrease in interest-bearing deposits with banks (2) 90  
Redemption of correspondent bank stock 242 148  
Maturities, calls and principal payments of available-for-sale securities 3,855 1,795  
Net decrease in loans 931 10,363  
Cash proceeds from sales of other real estate owned 3,318 996  
Capital expenditures for premises and equipment 51 (342)  
Net cash provided by investing activities 8,395 13,050  
Cash Flows From Financing Activities:      
Net decrease in demand deposit and savings accounts (10,600) (5,258)  
Net decrease in certificates of deposit (2,868) (23,740)  
Net cash used in financing activities (13,468) (28,998)  
Net decrease in cash and cash equivalents (5,177) (13,701)  
Cash and cash equivalents at beginning of period 141,627 124,184 124,184
Cash and cash equivalents at end of period $ 136,450 $ 110,483 $ 141,627