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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net Income/(Loss) $ 412 $ (263)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities    
Depreciation and amortization 717 746
Provision for loan losses 5,177 7,569
Provision for deferred income taxes (315) (1,260)
Net discount accretion and premium amortization on investment securities 961 736
Gain on sale of investment securities   (156)
(Gain)/loss on sale of foreclosed assets 140 (35)
Write-down of foreclosed assets 398  
Decrease in accrued interest receivable 677 263
Decrease in other assets 261 466
Decrease in other liabilities (1,138) (299)
Net cash provided by operating activities 7,290 7,767
INVESTING ACTIVITIES    
Proceeds from sale of investment securities available for sale   167
Proceeds from maturities/calls of investment securities available for sale 120,131 80,338
Proceeds from maturities/calls of investment securities held to maturity 6,390 2,645
Purchase of investment securities available for sale (105,536) (91,721)
Purchase of investment securities held to maturity (760) (21,538)
Proceeds from sale of foreclosed assets 1,562 1,072
Net increase in federal funds sold (10,000)  
Net decrease in loans 12,868 7,946
Sale of equity securities 427  
Premises and equipment expenditures (318) (270)
Net cash provided/(used) for investing activities 24,764 (21,361)
FINANCING ACTIVITIES    
Dividends paid   (2,096)
Net increase in deposits 18,706 25,549
Net decrease in securities sold under repurchase agreement (16,527) (4,542)
Net decrease in United States Treasury demand notes (880) (152)
Net decrease in Federal Home Loan Bank advances   (5,000)
Common shares purchased (1) (190)
Net cash provided by financing activities 1,298 13,569
Net increase/(decrease) in cash and due from banks 33,352 (25)
CASH AND DUE FROM BANKS, BEGINNING OF PERIOD 32,517 62,644
CASH AND DUE FROM BANKS, END OF PERIOD 65,869 62,619
CASH PAID FOR:    
Interest 4,241 5,632
Income taxes 407 789
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCIAL ACTIVITIES    
Change in unrealized gain/loss on securities available for sale 2,547 784
Real estate acquired through foreclosure 3,771 2,641
Change in dividends payable   $ 2,096