XML 34 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income $ 3,275 $ 3,608
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 702 704
Net amortization of loans and investment securities 676 332
Amortization and net change in mortgage servicing rights valuation 56 128
Amortization of intangibles 218 224
Provision for loan losses 2,775 2,667
Net realized gains on sales of securities (21) (11)
OTTI losses on securities 0 55
Loans originated for sale (4,473)  
Proceeds from sale of loans 3,678  
Net gain on sale or disposal of other real estate/other repossessed assets (20) (22)
Increase in cash surrender value of life insurance (334) (340)
Contribution to pension plan (576) (922)
(Increase) decrease in interest receivable and other assets (97) 126
Increase (decrease) in interest payable and other liabilities 151 (1,084)
Other, net (12) (584)
Net cash provided by operating activities 5,998 4,881
Cash flows from investing activities    
Proceeds from sales of investment securities available for sale 471 880
Proceeds from maturities and paydowns of investment securities available for sale 18,239 10,710
Purchase of investment securities available for sale (26,107) (24,676)
Net decrease in restricted stock 487 598
Net increase in loans (5,136) (25,264)
Proceeds from sale of other real estate/other repossessed assets 195 142
Capital expenditures (688) (398)
Net cash used in investing activities (12,539) (38,008)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking and savings accounts 60,094 54,503
Net increase in time deposits 8,566 6,066
Net (decrease) increase in securities sold under agreements to repurchase (2,075) 14,097
Long-term debt payments (2,044) (21,581)
Dividends paid (1,780) (2,122)
Common stock issued to dividend reinvestment plan 740 650
Common stock issued under stock option plans   27
Net cash provided by financing activities 63,501 51,640
Increase in cash and cash equivalents 56,960 18,513
Cash and cash equivalents at beginning of period 34,144 22,106
Cash and cash equivalents at end of period 91,104 40,619
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 3,862 4,953
Cash paid during the year for: Income taxes   1,750
Noncash Activities    
Loans transferred to Other Real Estate $ 241 $ 484