XML 14 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 397 $ 43
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 235 241
Provision for loan losses 7 233
Increase in cash surrender value of life insurance (96) (98)
Net realized gain on sales of securities available-for-sale   (12)
Realized gains on sales of mortgage loans (54) (48)
Decrease (increase) in other assets 46 (874)
(Increase) decrease in accrued interest and dividends receivable (36) 154
Decrease in FDIC prepaid insurance 94 103
Net change in loans originated for resale 31 1,777
Net loss on sales of other real estate owned 108 63
Decrease in other liabilities (97) (75)
Change in unearned compensation 405 499
Net cash provided by operating activities 1,040 2,006
Cash flows from investing activities:    
Additions to premises and equipment (163) (80)
Loan originations and principal collections, net (6,182) (12,937)
Proceeds from sales of other real estate owned   162
Proceeds from sales of securities available-for-sale   17
Purchases of securities held-to-maturity (3,004) (14,725)
Maturities of securities held-to-maturity 14,009 18,725
Proceeds from principal paydowns of securities held-to-maturity 496 699
Proceeds from sale of FHLB stock 213  
Net cash provided (used) by investing activities 5,369 (8,139)
Cash flows from financing activities:    
Net (decrease) increase in deposits (4,760) 12,160
Net decrease in securities sold under agreements to repurchase (2,457) (1,018)
Payments on long-term FHLB advances (2,891) (3,183)
Stock purchased for treasury (1,849) (419)
Net cash (used) provided by financing activities (11,957) 7,540
Net (decrease) increase in cash and cash equivalents (5,548) 1,407
Cash and cash equivalents at beginning of period 61,122 35,873
Cash and cash equivalents at end of period 55,574 37,280
Supplemental cash flow information:    
Interest paid on deposits 1,146 1,374
Interest paid on borrowings 398 367
Income taxes paid   57
Transfers from loans to other real estate owned $ 97 $ 377