XML 43 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 164 $ 1,539
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,673 1,769
Provision for loan losses   550
Income (less expenses) on life insurance (120) (157)
Gain on sale of securities available-for-sale (3) (99)
(Gain) loss on sale of premises and equipment (183) 23
Loss on sale of foreclosed real estate 183 356
Adjustment of carrying value of foreclosed real estate 957 149
Accretion of bond premiums/discounts 780 692
Amortization of core deposit intangible 8 36
Net change in:    
Interest receivable 264 153
Other assets 118 212
Accrued interest payable 297 298
Accrued expenses and other liabilities 784 806
Net Cash Provided by Operating Activities 4,922 6,327
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in loans 22,558 13,115
Proceeds from sale of loans 2,905  
Purchase of securities available-for-sale (43,534) (36,894)
Proceeds from sale and maturities of securities available-for-sale 25,642 12,831
Sale of Federal Home Loan Bank stock 350 309
Purchase of Federal Reserve Bank stock   (210)
Payments for the purchase of premises and equipment (1,426) (1,191)
Proceeds from sales of premises and equipment 553 389
Proceeds from sales of other real estate owned 2,164 4,376
Net Cash Provided by (Used In) Investing Activities 9,212 (7,275)
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of common stock warrants   14
Stock offering costs   (37)
Repayments to Federal Home Loan Bank (900) (900)
Net change in:    
Demand deposits 8,547 3,223
Savings deposits 8,156 (12,387)
Time deposits (32,853) (19,506)
Net Cash Used in Financing Activities (17,050) (29,593)
Net decrease in cash and cash equivalents (2,916) (30,541)
Cash and Cash Equivalents, Beginning of Period 54,680 94,109
Cash and Cash Equivalents, End of Period 51,764 63,568
Supplemental Disclosure of Cash Paid During the Period for:    
Interest 2,759 3,327
Supplemental Disclosure of Non Cash Transactions:    
Other real estate acquired in settlement of foreclosed loans 2,224 5,366
Loans made to finance sale of foreclosed real estate $ 1,232 $ 245