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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 1,825,093$ 2,681,937
Adjustment to reconcile net income to net cash provided by operating activities:  
Depreciation1,670,0001,807,000
Provision for allowance for losses on loans1,731,0003,780,000
Loss on writedown of other real estate666,00677,350
Loss on sales of other real estate57,89148,850
Loss on other investments82,91615,550
Gain on sales and calls of securities(793,526)(1,659,509)
Accretion of held to maturity securities(2,160)(2,091)
Change in accrued interest receivable589,5071,339,542
Change in other assets3,512,853(893,521)
Change in other liabilities107,536385,503
Net cash provided by operating activities9,447,1167,580,611
Cash flows from investing activities:  
Proceeds from maturities, sales and calls of available for sale securities257,158,575337,327,553
Investment in available for sale securities(265,848,144)(323,142,857)
Proceeds from maturities of held to maturity securities 389,920
Redemption of Federal Home Loan Bank Stock566,6001,640,500
Proceeds from sales of other real estate1,201,0251,092,500
Loans, net change(16,758,709)37,686,504
Acquisition of premises and equipment(445,787)(538,832)
Investment in other assets(115,302)(458,474)
Net cash provided by (used in) investing activities(24,241,742)53,996,814
Cash flows from financing activities:  
Demand and savings deposits, net change27,973,13435,387,588
Time deposits made, net change(24,258,558)26,827,275
Cash dividends(924,646)(1,081,857)
Retirement of common stock(192,560) 
Borrowings from Federal Home Loan Bank460,700,115621,880,492
Repayments to Federal Home Loan Bank(473,555,559)(707,172,503)
Federal funds purchased and securities sold under agreements to repurchase, net change32,838,648(32,050,198)
Net cash provided by (used in) financing activities22,580,574(56,209,203)
Net increase in cash and cash equivalents7,785,9485,368,222
Cash and cash equivalents, beginning of period24,146,93929,155,294
Cash and cash equivalents, end of period$ 31,932,887$ 34,523,516