XML 14 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited - Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities    
Net income $ 925 $ 358
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Provision for loan losses 227 255
Depreciation, amortization and accretion 235 201
Deferred income taxes (170) 0
Funding of mortgage loans held for sale (8,055) (8,699)
Proceeds from sales of mortgage loans held for sale 12,097 10,822
Net gains on sales of mortgage loans held for sale (205) (207)
Net gains on sale of available-for-sale securities (474) 0
Stock-based compensation 162 298
Decrease in other assets (23) (3,171)
Decrease in other liabilities (1,608) (36)
Net cash provided by (used in) operating activities 3,111 (179)
Investing activities    
Proceeds from maturities of other investments 0 1,494
Purchases of securities available for sale (7,481) 0
Proceeds from call/maturities and repayments of securities available-for-sale 7,093 5,271
Proceeds from sales of securities available-for-sale 474 0
Net decrease (increase) in loans 2,140 (997)
Purchases of premises and equipment (50) (141)
Proceeds from sale of other real estate owned and repossessed assets 0 13
Net cash provided by investing activities 2,176 5,640
Financing Activities    
Net (decrease) increase in demand deposits, savings, checking and money market accounts (3,536) 4,188
Net increase (decrease) in time deposits 13,565 (4,693)
Net decrease in short-term borrowings (6,727) (790)
Cash paid for dividends (222) (234)
Stock repurchased/retired - repurchase program (1,274) 0
Net cash provided by (used in) financing activities 1,806 (1,529)
Increase in cash and cash equivalents 7,093 3,932
Cash and cash equivalents, beginning of period 10,756 7,788
Cash and cash equivalents, end of period 17,849 11,720
Supplemental cash flow information:    
Other real estate owned acquired through foreclosure of real estate loans 138 0
Transfer of other real estate to loans $ 0 $ 0