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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities      
Net income $ 8,068 $ 5,713 $ 4,074
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 1,161 1,286 1,393
Provision for loan losses 4,500 8,500 10,000
Stock compensation expense 1 2 10
Deferred income tax expense (benefit) 1,786 (502) (3,383)
Loans originated for sale (8,754) (8,258) (9,427)
Proceeds from loans sold 8,660 8,032 9,770
Securities gains (240) (2,348) (4,006)
Other-than-temporary impairment of securities 118 451 2,646
Loss (gain) on disposal of assets 501 677 (295)
Write down of foreclosed properties 3,722 6,862 6,651
Amortization of securities premiums (accretion of discounts), net 6,032 4,622 2,155
Amortization of goodwill and purchase accounting adjustments, net 363 363 363
Tax benefit of exercise of stock options 16 0 0
(Increase) decrease in accrued interest receivable (48) 163 94
Increase in cash surrender value of bank owned life insurance (1,058) (269) (825)
(Increase) decrease in other assets 2,478 (2,289) (1,552)
Increase (decrease) in other liabilities 861 (1,259) 564
Net cash provided by operating activities 28,167 21,746 18,232
Cash Flows from Investing Activities      
Proceeds from maturities and calls of securities available for sale 2,669 4,618 8,049
Proceeds from sales of securities available for sale 54,340 72,056 131,950
Principal payments received on securities available for sale 62,179 66,377 57,670
Purchases of securities available for sale (137,755) (141,297) (214,130)
Purchases of other investments (2,960) 0 (2,000)
Redemption of Federal Home Loan Bank Stock 6,531 4,763 3,796
Proceeds from maturities and calls of other investments 0 2,000 7,999
Net principal payments received from (loans made to) customers (16,225) 11,906 7,238
Purchases of premises and equipment (677) (343) (384)
Proceeds from disposal of premises and equipment 37 0 0
Proceeds from sales of other repossessed assets & property held for sale 10,654 9,373 13,334
Purchase of life insurance contracts (5,000) 0 (15,000)
Net cash provided by (used in) investing activities (26,207) 29,453 (1,478)
Cash Flows from Financing Activities      
Net increase in demand deposit, NOW and savings accounts 3,524 13,390 53,999
Net decrease in time deposits (26,837) (2,764) (74,438)
Net increase (decrease) in short-term borrowings 58,810 (11,998) 14,373
Net proceeds from long-term borrowings 3,454 0 843
Repayment of long-term borrowings (43,251) (66,986) (34,697)
Net proceeds from issuance of preferred stock 0 0 5,807
Exercise of stock options 96 0 0
Dividends paid on preferred stock (776) (731) (297)
Net cash used in financing activities (4,980) (69,089) (34,410)
Decrease in cash and cash equivalents (3,020) (17,890) (17,656)
Cash and cash equivalents:      
Beginning 14,802 32,692 50,348
Ending 11,782 14,802 32,692
Supplemental Disclosures of Cash Flow Information      
Interest 18,920 24,745 31,775
Income taxes 1,118 2,642 3,250
Supplemental Schedule of Noncash Investing and Financing Activities      
Other assets acquired in settlement of loans $ 11,823 $ 8,363 $ 12,564