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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 2,664 $ 3,429
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization and accretion of investments 628 806
Net amortization of deferred loan cost 166 84
Provision for loan losses 2,192 1,993
Depreciation and amortization 898 661
Stock based compensation 222 126
Loans originated for sale (596,844) (777,016)
Proceeds of loans sold 649,462 833,608
Gain on sale of subsidiary   (626)
Gain on sale of loans held for resale (14,048) (17,718)
Gain on sale of investment securities (396) (82)
Income on bank owned life insurance (424) (342)
Deferred taxes (1,016) (41)
Other, net (1,405) (3,697)
Net cash provided by operating activities 42,099 41,185
Investing activities    
Purchases of investment securities available-for-sale (24,268) (47,807)
Purchases of investment securities held-to-maturity (250) (20,042)
Maturities/paydowns of investment securities held-to-maturity 1,000  
Maturities/paydowns of investment securities available-for-sale 6,533 10,984
Sales of investment securities available-for-sale 54,268 3,637
Purchases of premises and equipment (7,985) (4,264)
Net increase in loans (141,548) (77,168)
Purchases of restricted bank stock (8,080) (6,496)
Redemptions of restricted bank stock 9,602 4,756
Proceeds from sale of other real estate owned 76  
Purchase of bank owned life insurance (5,000) (5,078)
Net cash used in investing activities (115,652) (141,478)
Financing activities    
Net increase in deposits 150,510 133,491
Net (decrease) increase in repurchase agreements (47,684) 15,913
Net change in short-term FHLB borrowings (48,062) (36,494)
Principal payments on FHLB borrowings (1,120) (2,877)
Proceeds from subordinated debt 29,400  
Proceeds from stock offering 5,617 13,355
Preferred stock issuance 7,834  
Dividend reinvestment plan proceeds 180 310
Common stock options exercised 48 42
Cash dividends paid on common stock (317) (241)
Cash dividends paid on preferred stock (187) (64)
Net cash provided by financing activities 96,219 123,435
Increase in cash and cash equivalents 22,666 23,142
Cash and cash equivalents at beginning of period 39,843 25,340
Cash and cash equivalents at end of period 62,509 48,482
Supplemental disclosure of cash flow information    
Loans transferred to other real estate owned 346 472
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 6,444 3,691
Income taxes $ 1,600 $ 776