Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on a recurring basis

	At March 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities  at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,936	$	—	$	—	$	4,936
U.S. government corporations and agencies		—		171,595		—		171,595
State and political subdivisions		—		122,451		—		122,451
Residential mortgage-backed securities		—		88,049		—		88,049
Collateralized mortgage obligations		—		24,175		—		24,175
Corporate bonds		—		20,400		—		20,400
Money market mutual funds		4,444		—		—		4,444
Equity securities		3,065		—		—		3,065
Total available-for-sale securities		12,445		426,670		—		439,115
Interest rate locks with customers		—		1,485		—		1,485
Total assets	$	12,445	$	428,155	$	—	$	440,600
Liabilities:
Interest rate swap	$	—	$	1,747	$	—	$	1,747
Forward loan sale commitments		—		222		—		222
Contingent consideration liability		—		—		930		930
Total liabilities	$	—	$	1,969	$	930	$	2,899

	At December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,938	$	—	$	—	$	4,938
U.S. government corporations and agencies		—		172,142		—		172,142
State and political subdivisions		—		122,168		—		122,168
Residential mortgage-backed securities		—		90,740		—		90,740
Collateralized mortgage obligations		—		27,012		—		27,012
Corporate bonds		—		5,014		—		5,014
Money market mutual funds		4,878		—		—		4,878
Equity securities		2.842		—		—		2,842
Total available-for-sale securities		12,658		417,076		—		429,734
Interest rate locks with customers		—		1,547		—		1,547
Total assets	$	12,658	$	418,623	$	—	$	431,281
Liabilities:
Interest rate swap	$	—	$	1,909	$	—	$	1,909
Forward loan sale commitments		—		54		—		54
Contingent consideration liability		—		—		903		903
Total liabilities	$	—	$	1,963	$	903	$	2,866

Contingent consideration liability change in amount

(Dollars in thousands)
Balance at December 31, 2012	$	903
Adjustment of contingent consideration liability		27
Balance at March 31, 2013	$	930

Assets measured at fair value on a non-recurring basis

	At March 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	41,293	$	41,293
Total	$	—	$	—	$	41,293	$	41,293

	At December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	44,976	$	44,976
Mortgage servicing rights*		—		4,152		—		4,152
Other real estate owned*		—		1,607		—		1,607
Total	$	—	$	5,759	$	44,976	$	50,735

* The fair value was lower than cost, therefore written down to fair value at December 31, 2012. At March 31, 2013, fair value was greater than cost.

Assets, liabilities and off-balance sheet items not measured at fair value

	At March 31, 2013
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	84,562	$	—		$	—	$	84,562		$	84,562
Held-to-maturity securities		—		71,099			—		71,099			69,636
Loans held for sale		—		3,676			—		3,676			3,606
Net loans and leases held for investment		—		—			1,484,042		1,484,042			1,462,153
Mortgage servicing rights		—		5,018			—		5,018			4,723
Other real estate owned		—		3,616			—		3,616			3,616
Total assets	$	84,562	$	83,409		$	1,484,042	$	1,652,013		$	1,628,296
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,508,090	$	—		$	—	$	1,508,090		$	1,508,090
Time deposits		—		307,652			—		307,652			306,520
Total deposits		1,508,090		307,652			—		1,815,742			1,814,610
Short-term borrowings		—		101,495			—		101,495			104,276
Long-term borrowings		—		20,591			—		20,591			20,619
Total liabilities	$	1,508,090	$	429,738		$	—	$	1,937,828		$	1,939,505
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,301	)	$	—	$	(1,301	)	$	—

	At December 31, 2012
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	146,112	$	—		$	—	$	146,112		$	146,112
Held-to-maturity securities		—		71,327			—		71,327			69,845
Loans held for sale		—		4,653			—		4,653			4,530
Net loans and leases held for investment		—		—			1,478,966		1,478,966			1,457,116
Total assets	$	146,112	$	75,980		$	1,478,966	$	1,701,058		$	1,677,603
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,533,822	$	—		$	—	$	1,533,822		$	1,533,822
Time deposits		—		334,164			—		334,164			331,511
Total deposits		1,533,822		334,164			—		1,867,986			1,865,333
Short-term borrowings		—		94,066			—		94,066			96,282
Long-term borrowings		—		20,965			—		20,965			20,994
Total liabilities	$	1,533,822	$	449,195		$	—	$	1,983,017		$	1,982,609
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,286	)	$	—	$	(1,286	)	$	—