XML 43 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,163 $ 4,187
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,952 1,884
Provision for loan losses 1,300 2,400
Net gain on sale of available-for-sale securities 26 (2,313)
Net amortization of securities 2,512 1,705
Net loss on disposal of premises and equipment 28 0
Net loss on write-down/sale of foreclosed assets 1,345 777
Income from bank owned life insurance (848) (1,339)
Stock compensation expense 0 82
Deferred tax (benefit) expense (316) (7)
(Increase) decrease in other assets (988) 1,989
Increase in other liabilities 343 410
Net cash provided by operating activities 8,517 9,775
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of available-for-sale securities (14,746) (359,157)
Purchases of held-to-maturity securities (30,363) (100)
Proceeds from sales of restricted securities 184 889
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities 10,690 37,330
Proceeds from maturities and calls of held-to-maturity securities 170 145
Proceeds from sales of available-for-sale securities 63,637 198,217
Paydowns on investment securities 28,573 32,968
(Increase) decrease in loans made to customers (33,032) 44,770
Proceeds from sales of foreclosed assets 1,404 2,974
Purchases of bank-owned life insurance 0 0
Proceeds from payout on bank-owned life insurance policy 0 1,108
Purchases of premises and equipment (10,883) (4,148)
Net cash provided by (used in) investing activities 15,634 (45,004)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in noninterest-bearing deposits 5,773 13,101
Increase in savings deposits 17,832 35,905
Increase (decrease) in time deposits (52,016) 13,931
Increase (decrease) in federal funds purchased, repurchase agreements and other borrowings (5,640) 745
Decrease in Federal Home Loan Bank advances 0 (10,000)
Proceeds from exercise of stock options 0 0
Repurchase and retirement of common stock 0 0
Tax benefit from disqualified stock options 0 0
Cash dividends paid on common stock (1,092) (991)
Net cash provided by (used in) financing activities (35,143) 52,691
Net increase (decrease) in cash and cash equivalents (10,992) 17,462
Cash and cash equivalents at beginning of period 42,317 24,855
Cash and cash equivalents at end of period 31,325 42,317
Cash payments for:    
Interest 4,791 5,912
Income tax 550 1,150
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Unrealized gain on securities available-for-sale (11,076) 706
Loans transferred to foreclosed assets 1,673 850
Change in pension liability 964 (468)
Former branch site transferred to foreclosed assets 885 0
Securities transferred from available-for-sale to held-to-maturity 68,015 0
Unrealized Gain or Loss on AFS to HTM Transfers (6,232) 0
Amortization of Unrealized Gain or Loss on Securities Transferred from AFS to HTM $ 267 $ 0