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Consolidated Statements of Cash Flows (unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,953,476 $ 2,790,696
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,471,114 1,411,040
Provision for loan losses 800,000 1,950,000
Net (gain) loss on sale of available-for-sale securities 25,717 (1,703,805)
Net amortization of securities 1,947,709 1,142,043
Net loss on disposal of premises and equipment 22,666 396
Net loss on write-down/sale of foreclosed assets 268,910 736,594
Income from bank owned life insurance (647,133) (1,142,626)
Stock compensation expense 0 81,060
Deferred tax (benefit) expense (59,203) 110,235
(Increase) decrease in other assets (777,574) 1,653,149
Increase in other liabilities 987,853 993,695
Net cash provided by operating activities 6,993,535 8,022,477
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of available-for-sale securities (12,742,008) (277,741,641)
Purchases of held-to-maturity securities (25,770,691) 0
Proceeds from sales of restricted securities 183,800 889,100
Proceeds from maturities and calls of securities 35,340,464 59,843,643
Proceeds from sale of available-for-sale securities 62,131,923 147,178,925
Decrease in loans made to customers (11,610,600) 53,071,871
Proceeds from sales of foreclosed assets 1,386,147 2,461,219
Proceeds from payout on bank-owned life insurance policy 0 1,109,296
Purchases of premises and equipment (7,935,599) (2,226,964)
Net cash provided by (used in) investing activities 40,983,436 (15,414,551)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in noninterest-bearing deposits 3,721,977 12,551,450
Increase in savings deposits 11,325,120 15,417,220
Increase (decrease) in time deposits (38,039,248) 12,826,761
Decrease in federal funds purchased, repurchase agreements and other borrowings 205,345 2,062,241
Decrease in Federal Home Loan Bank advances 0 (10,000,000)
Cash dividends paid on common stock (793,441) (743,851)
Net cash provided by (used in) financing activities (23,580,247) 32,113,821
Net increase in cash and cash equivalents 24,396,724 24,721,747
Cash and cash equivalents at beginning of period 42,317,246 24,854,656
Cash and cash equivalents at end of period 66,713,970 49,576,403
Cash payments for:    
Interest 3,664,860 4,526,922
Income tax 550,000 600,000
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Unrealized gain (loss) on securities available-for-sale (10,962,474) 3,640,925
Loans transferred to foreclosed assets 1,431,901 564,480
Former branch site transferred to foreclosed assets 506,296 0
Securities transferred from available-for-sale to held-to-maturity 68,015,458 0
Unrealized Gain or Loss on AFS to HTM Transfers (6,231,880) 0
Amortization of Unrealized Gain or Loss on Securities Transferred from AFS to HTM $ 68,166 $ 0