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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities:      
Net income $ 12,832 $ 11,502 $ 9,864
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 675 1,255 925
Depreciation and amortization 469 457 654
Amortization and accretion on investment securities, net 1,932 829 486
Deferred income taxes 98 (270) 245
Investment securities gains, net (334) (99) (139)
Earnings on bank owned life insurance (498) (504) (492)
Stock awards 209 205 115
Originations of loans held for sale (9,583) (16,243) (21,715)
Proceeds from sales of loans held for sale 9,791 16,584 22,145
Realized gains on loans sold (208) (341) (430)
Increase in accrued interest receivable (166) (314) (229)
Decrease (increase) in prepaid federal depository insurance 531 860 (2,814)
Decrease in accrued interest payable (267) (258) (196)
Other, net 83 (847) 1,507
Net cash provided by operating activities 15,564 12,816 9,926
Available-for-sale securities:      
Proceeds from sales of available-for-sale securities 10,264 8,871 10,730
Proceeds from maturity and principal repayments of securities 89,645 54,069 54,081
Purchase of securities (162,247) (118,105) (87,427)
Proceeds from redemption of regulatory stock 472 184 0
Purchase of regulatory stock 0 0 (586)
Net increase in loans (14,551) (18,415) (24,162)
Purchase of premises, equipment and software (140) (1,292) (1,566)
Proceeds from sale of premises and equipment 590 0 1,407
Proceeds from sale of foreclosed assets held for sale 372 942 637
Property purchased for future expansion (542) 0 0
Net cash used in investing activities (76,137) (73,746) (46,886)
Cash Flows from Financing Activities:      
Net increase in deposits 53,282 75,152 58,879
Proceeds from long-term borrowings 3,018 3,702 11,077
Repayments of long-term borrowings (7,000) (3,858) (17,576)
Net increase (decrease) in short-term borrowed funds 1,868 2,037 (590)
Purchase of treasury stock (851) (386) (286)
Purchase of restricted stock (159) (9) 0
Dividends paid (3,148) (3,162) (2,951)
Net cash provided by financing activities 47,010 73,476 48,553
Net (decrease) increase in cash and cash equivalents (13,563) 12,546 11,593
Cash and Cash Equivalents at Beginning of Year 43,995 31,449 19,856
Cash and Cash Equivalents at End of Year 30,432 43,995 31,449
Supplemental Disclosures of Cash Flow Information:      
Interest paid 9,950 11,598 13,427
Income taxes paid 3,215 3,585 2,390
Non-cash activities:      
Real estate acquired in settlement of loans 684 1,205 357
Real estate transferred to other assets $ 0 $ 307 $ 0