XML 35 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities    
Net Income $ 3,738 $ 3,981
Items (using)/providing cash    
Depreciation and amortization 859 813
Provision for loan losses 300 900
Expense of share-based compensation plan 47 52
Amortization of premiums and discounts on securities 721 755
Amortization of intangible assets 317 435
Amortization of originated mortgage servicing rights 439 699
Recapture of originated mortgage servicing rights impairment (62) (649)
Proceeds from sale of loans held for sale 171,993 221,444
Originations of loans held for sale (167,667) (209,104)
Impairment of mortgage servicing rights 101   
Gain from sale of loans (3,403) (4,572)
Gain on sales of available for sale securities (56) (48)
Loss on sale of assets 64 121
OREO impairment    33
Changes in    
Interest receivable (572) (459)
Other assets (5,414) (3,694)
Income from bank owned life insurance (168) (249)
Interest payable and other liabilities (624) (98)
Net cash provided by operating activities 613 10,360
Investing Activities    
Purchases of available-for-sale securities (9,685) (21,494)
Proceeds from maturities of available-for-sale securities 14,457 23,278
Proceeds from sales of available-for-sale-securities 4,298 7,390
Net change in loans (29,457) (13,350)
Purchase of premises and equipment and software (1,505) (918)
Proceeds from sales or disposal of premises and equipment (13) 315
Proceeds from sale of foreclosed assets 236 1,657
Net cash (used in) investing activities (21,669) (3,122)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 25,667 10,452
Net (decrease) in certificates of deposit (8,640) (15,910)
Net increase in securities sold under agreements to repurchase 3,206 4,503
Repayment of Federal Home Loan Bank advances (2,000) (14,000)
Proceeds from Federal Home Loan Bank advances 16,000 9,000
Proceeds from stock options exercised 17 26
Dividends on Common Stock (562) (415)
Repayment of trust preferred securities (10,310)   
Proceeds from long-term note 7,000   
Repayment of notes payable (589) (1,022)
Net cash provided by (used in) financing activities 29,789 (7,366)
Increase (decrease) in Cash and Cash Equivalents 8,733 (128)
Cash and Cash Equivalents, Beginning of Year 13,137 19,144
Cash and Cash Equivalents, End of Period 21,870 19,016
Supplemental Cash Flows Information    
Interest paid 3,079 2,786
Income taxes paid 1,040 550
Transfer of loans to foreclosed assets $ 285 $ 915