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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 1,939,087 $ 1,461,138 $ 1,856,216
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 445,000 983,667 600,000
Provision for foreclosed asset losses 320,000 300,000 275,000
Depreciation 897,094 829,868 782,739
Net amortization and (accretion) of investment securities 329,655 375,206 307,134
Income on cash surrender value of bank owned life insurance (173,128) (164,069) (128,128)
Amortization of intangibles 219,482 219,357 207,638
Loss on sale/writedown of foreclosed assets 125,481 166,605 121,021
Net loss on the impairment of equity securities 0 12,265 0
Net gain on sale of securities (337,804) (381,312) (534,973)
Net gain on disposal of other assets (149,453) (2,820) (95,874)
Change in:      
Funds held related to mortgage banking activities (590,699) 14,197 (184,678)
Other assets (165,378) 668,061 794,322
Other liabilities 364,712 125,464 1,851
Net cash provided by operating activities 3,224,049 4,607,627 4,002,268
Cash flows from investing activities:      
Proceeds from calls, paydowns and maturities of securities HTM 12,389,820 15,831,690 10,230,355
Proceeds from calls, paydowns and maturities of securities AFS 7,889,000 11,641,799 9,261,755
Proceeds from sale of securities available for sale 8,833,839 24,846,529 17,856,535
Purchase of securities held to maturity (20,202,076) (22,193,213) (32,538,827)
Purchase of securities available for sale (9,851,401) (9,234,434) (19,898,202)
Purchase of certificates of deposit in other banks (2,940,000) (980,000) 0
Net change in loans (24,447,726) (24,968,385) 1,456,440
Purchase bank owned life insurance 0 (1,400,002) 0
Expenditures for improvements to other real estate owned 0 (42,401) (119,120)
Purchase of premises and equipment (1,309,346) (1,553,137) (2,243,328)
Proceeds from sales of other assets 1,500,981 1,298,642 921,078
Net cash provided for investing activities (28,136,909) (6,752,912) (15,073,314)
Cash flows from financing activities:      
Net change in deposits 42,851,161 9,379,840 4,100,048
Payment of short-term debt (2,000,000) (2,000,000) 0
Cash dividends paid (407,655) (254,784) (254,784)
Net cash provided for financing activities 40,443,506 7,125,056 3,845,264
Increase(decrease) in cash and cash equivalents 15,530,646 4,979,771 (7,225,782)
Cash and cash equivalents - beginning of period 21,050,406 16,070,635 23,296,417
Cash and cash equivalents - end of period 36,581,052 21,050,406 16,070,635
Cash paid during the year for:      
Income taxes 454,000 0 572,710
Interest paid 1,911,944 2,274,698 2,992,228
NONCASH ITEMS:      
Increase in foreclosed properties and decrease in loans 912,927 760,420 662,941
Unrealized gain(loss) on securities AFS (732,000) 813,321 (306,275)
Unrealized gain(loss) on pension plan benefits (417,892) 48,708 (232,844)
Net reclass between short and long-term debt $ 2,000,000 $ 2,000,000 $ (3,000,000)