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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net income $ 8,158 $ 5,282
Adjustments to reconcile net earnings to net cash    
Depreciation 814 878
Provision for loan losses 2,250 3,500
Stock compensation expense 0 1
Deferred income tax expense 232 1,248
Loans originated for sale (1,859) (7,963)
Proceeds from loans sold 1,861 7,587
Securities losses (64) (116)
Other-than-temporary impairment of securities 1 118
Loss on disposal of assets 199 535
Write down of foreclosed properties 3,471 3,078
Amortization of securities premiums (accretion of discounts), net 3,931 4,698
Amortization of goodwill and purchase accounting adjustments, net 209 272
Decrease in accrued interest receivable 201 257
Increase in cash surrender value of bank owned life insurance (806) (704)
(Increase) decrease in other assets (753) 2,354
Increase (decrease) in other liabilities 540 (748)
Net cash provided by operating activities 18,385 20,277
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 3,601 1,258
Proceeds from sales of securities available for sale 61,027 41,188
Principal payments received on securities available for sale 25,890 50,650
Purchases of securities available for sale (81,565) (111,443)
Purchases of other investments (2,429) (2,541)
Proceeds from maturities and calls of other investments 0 0
Redemption of Federal Home Loan Bank Stock 2,851 5,922
Net principal payments received on loans (61,088) (8,371)
Purchases of premises and equipment (321) (528)
Proceeds from disposal of premises and equipment 0 11
Proceeds from sales of other repossessed assets & property held for sale 5,411 10,339
Purchase of life insurance contracts 0 (5,000)
Net cash provided by (used in) investing activities (46,623) (18,515)
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 82,643 9,759
Net decrease in time deposits (32,002) (20,149)
Net increase in short-term borrowings 64,663 50,205
Proceeds from long-term borrowings 0 3,454
Repayment of long-term borrowings (85,050) (43,228)
Exercise of stock options 15 80
Dividends paid on preferred stock (580) (582)
Net cash provided by (used in) financing activities 29,689 (461)
Increase in cash and cash equivalents 1,451 1,301
Cash and cash equivalents:    
Beginning 11,782 14,802
Ending 13,233 16,103
Cash payments for:    
Interest 12,352 14,526
Income taxes 2,445 1,098
Supplemental Schedule of Noncash Investing and Financing Activities    
Other assets acquired in settlement of loans $ 2,560 $ 2,871