XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 8,574,000 $ 3,836,000
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses (4,850,000) 2,544,000
Depreciation 751,000 833,000
Amortization of premiums, net 67,000 79,000
Amortization of deferred loan fees (238,000) (359,000)
Amortization of mortgage servicing rights, net 463,000 548,000
Capitalized mortgage servicing rights (500,000) (643,000)
Gain on sales of real estate (607,000) (75,000)
Gain on sales of loans (1,813,000) (2,469,000)
Proceeds from sale of loans held for sale 74,298,000 91,025,000
Disbursements on loans held for sale (60,407,000) (81,510,000)
Amortization of restricted stock awards 101,000 183,000
Amortization of unearned ESOP shares 145,000 146,000
Cancellation of vested restricted stock awards (119,000) 0
Earned employee stock ownership shares priced below original cost (27,000) (59,000)
Stock option compensation 3,000 6,000
Decrease in accrued interest receivable 201,000 314,000
Decrease in accrued interest payable (120,000) (543,000)
Decrease in other assets 830,000 572,000
Increase (decrease) in other liabilities 251,000 (1,375,000)
Other, net 221,000 114,000
Net cash provided by operating activities 17,224,000 13,167,000
Cash flows from investing activities:    
Principal collected on securities available for sale 4,206,000 7,963,000
Proceeds collected on maturities of securities available for sale 11,000,000 103,000,000
Purchases of securities available for sale (20,092,000) (44,037,000)
Redemption of Federal Home Loan Bank Stock 3,279,000 159,000
Proceeds from sales of real estate and premises 3,655,000 5,870,000
Net decrease in loans receivable 53,583,000 69,693,000
Gain on sale of branch office 0 (552,000)
Payment on sale of branch office 0 (36,981,000)
Purchases of premises and equipment (310,000) (221,000)
Net cash provided by investing activities 55,321,000 104,894,000
Cash flows from financing activities:    
Decrease in deposits (29,051,000) (109,992,000)
Proceeds from borrowings 12,000,000 0
Repayment of borrowings (82,000,000) 0
Increase in customer escrows 498,000 491,000
Net cash used by financing activities (98,553,000) (109,501,000)
(Decrease) increase in cash and cash equivalents (26,008,000) 8,560,000
Cash and cash equivalents, beginning of period 83,660,000 67,840,000
Cash and cash equivalents, end of period 57,652,000 76,400,000
Supplemental cash flow disclosures:    
Cash paid for interest 3,031,000 6,169,000
Cash paid for income taxes 205,000 10,000
Supplemental noncash flow disclosures:    
Transfer of loans to real estate 1,563,000 1,895,000
Loans transferred to loans held for sale $ 10,665,000 $ 7,955,000