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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities    
Net Income/(Loss) $ 1,922 $ (2,665)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Provision for loan losses 865 8,124
Depreciation 509 515
Stock compensation 19 13
Gain on sales of Insurance assets 0 (88)
Gain on sales of other real estate owned (7) (623)
Write-downs of other real estate owned 20 0
Gain on loan sales (79) (20)
Loss on disposal of fixed assets 0 4
Net amortization of investment securities discounts and premiums 395 375
Gain on sales of investment securities - available-for-sale (250) (599)
Amortization of deferred Loan Fees (191) (127)
Decrease in accrued interest receivable and other assets (810) 781
Deferred tax benefit 1 (1,469)
Increase/(decrease) in accrued interest payable and other liabilities 364 (3,076)
Earnings on bank owned life insurance (249) (971)
Net cash provided by operating activities 2,509 174
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 13,381 8,414
Proceeds from sales of investment securities available-for-sale 35,136 10,454
Purchases of investment securities available-for-sale (63,611) (3,686)
Proceeds from sales of other real estate owned 1,765 2,708
Proceeds from loan sales 11,313 1,462
Proceeds from disposal of fixed assets 0 19
Proceeds from sale of insurance assets 0 3,604
Proceeds from BOLI death benefit 0 1,765
Net decrease in FHLB stock 496 0
Net decrease in loans 2,777 8,113
Purchases of premises and equipment (283) (224)
Net cash provided by investing activities 974 32,629
Financing activities    
Net (decrease)/increase in deposits (1,084) 2,121
Net decrease in short-term borrowings (624) (1,641)
Proceeds from long-term borrowings 0 20,000
Payments on long-term borrowings (15) (20,265)
Net cash (used in)/provided by financing activities (1,723) 215
Increase in cash and cash equivalents 1,760 33,018
Cash and cash equivalents at beginning of the year 83,068 65,107
Cash and cash equivalents at end of period 84,828 98,125
Supplemental information    
Interest paid 2,489 3,553
Non-cash investing activities:    
Transfers from loans to other real estate owned 453 4,527
Transfers from securities available for sale to held-to-maturity $ 0 $ 4,040