XML 19 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 506 $ 538
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses    220
Net amortization and accretion of securities 164 269
Gains on sales of securities (13)   
Earnings/increase in value of bank owned life insurance (107) (111)
Depreciation and amortization 288 348
Deferred tax benefit (63)   
Stock option/stock grant expense 19 28
Writedown of other real estate owned 18   
Loss on sale of other real estate owned 18   
Decrease in accrued interest receivable and other assets 11,371 7,044
Decrease in accrued interest payable and other liabilities (6,786) (3,399)
Net cash provided by operating activities 5,415 4,937
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available for sale securities (12,027) (20,822)
Net decrease in restricted investments 144 84
Proceeds from maturities, calls and principal payments of available for sale securities 7,067 7,143
Proceeds from sale of available for sale securities 1,515   
Net decrease (increase) in loans 7,881 (7,391)
Proceeds from sale of other real estate owned 177   
Purchase of bank premises and equipment (75) (29)
Net cash provided by (used in) investing activities 4,682 (21,015)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand deposits, NOW accounts and money market accounts 28,667 (14,452)
Net increase in certificates of deposit and other time deposits 994 2,086
Net decrease in securities sold under agreements to repurchase (2,849) (1,007)
Cash dividends (134)   
Net cash provided by (used in) financing activities 26,678 (13,373)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 36,775 (29,451)
CASH AND CASH EQUIVALENTS:    
Beginning of period 40,072 71,778
End of period 76,847 42,327
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash payments for interest 243 277
Cash payments for taxes 2,073   
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Unrealized gain (loss) on available for sale securities 856 (578)
Transfer of loans to other real estate owned $ 108