10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

for the quarterly period ended September 30, 2013.

or

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

for the transition period from                      to                     .

Commission File Number: 0-7617

UNIVEST CORPORATION OF PENNSYLVANIA

(Exact name of registrant as specified in its charter)

Pennsylvania	23-1886144
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

14 North Main Street, Souderton, Pennsylvania 18964

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (215) 721-2400

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes    ¨  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    x  Yes    ¨  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨ (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    ¨  Yes    x  No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Common Stock, $5 par value	16,283,354
(Title of Class)	(Number of shares outstanding at October 31, 2013)

UNIVEST CORPORATION OF PENNSYLVANIA AND SUBSIDIARIES

INDEX

			Page Number
Part I.	Financial Information:
	Item 1.	Financial Statements (Unaudited)
		Consolidated Balance Sheets at September 30, 2013 and December 31, 2012	2
		Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2013 and 2012	3
		Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2013 and 2012	4
		Consolidated Statements of Changes in Shareholders’ Equity for the Nine Months Ended September 30, 2013 and 2012	5
		Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2013 and 2012	6
		Notes to Consolidated Financial Statements	7
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	33
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	50
	Item 4.	Controls and Procedures	50
Part II.	Other Information
	Item 1.	Legal Proceedings	51
	Item 1A.	Risk Factors	51
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	51
	Item 3.	Defaults Upon Senior Securities	51
	Item 4.	Mine Safety Disclosures	52
	Item 5.	Other Information	52
	Item 6.	Exhibits	52
Signatures			53

1

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED BALANCE SHEETS

	(UNAUDITED)			(SEE NOTE)
(Dollars in thousands, except per share data)	At September 30, 2013			At December 31, 2012
ASSETS
Cash and due from banks	$	46,484		$	98,399
Interest-earning deposits with other banks		32,974			47,713
Investment securities held-to-maturity (fair value $70,079 and $71,327 at September 30, 2013 and December 31, 2012, respectively)		69,214			69,845
Investment securities available-for-sale		393,359			429,734
Loans held for sale		3,489			4,530
Loans and leases held for investment		1,526,241			1,481,862
Less: Reserve for loan and lease losses		(24,835	)		(24,746	)
Net loans and leases held for investment		1,501,406			1,457,116
Premises and equipment, net		33,797			33,222
Goodwill		57,517			56,238
Other intangibles, net of accumulated amortization and fair value adjustments of $9,783 and $10,475 at September 30, 2013 and December 31, 2012, respectively		8,475			6,456
Bank owned life insurance		60,144			61,409
Accrued interest receivable and other assets		46,137			40,179
Total assets	$	2,252,996		$	2,304,841
LIABILITIES
Demand deposits, noninterest-bearing	$	394,983		$	368,948
Demand deposits, interest-bearing		658,417			638,483
Savings deposits		545,864			526,391
Time deposits		289,782			331,511
Total deposits		1,889,046			1,865,333
Customer repurchase agreements		46,733			96,282
Accrued interest payable and other liabilities		42,463			37,955
Subordinated notes		—			375
Junior subordinated debt owed to unconsolidated subsidiary trust		—			20,619
Total liabilities		1,978,242			2,020,564
SHAREHOLDERS’ EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at September 30, 2013 and December 31, 2012; 18,266,404 shares issued at September 30, 2013 and December 31, 2012; 16,288,597 and 16,770,232 shares outstanding at September 30, 2013 and December 31, 2012, respectively		91,332			91,332
Additional paid-in capital		62,060			62,101
Retained earnings		170,937			164,823
Accumulated other comprehensive loss, net of taxes		(13,703	)		(6,920	)
Treasury stock, at cost; 1,977,807 and 1,496,172 shares at September 30, 2013 and December 31, 2012, respectively		(35,872	)		(27,059	)
Total shareholders’ equity		274,754			284,277
Total liabilities and shareholders’ equity	$	2,252,996		$	2,304,841

Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

2

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in thousands, except per share data)	2013			2012			2013			2012
Interest income
Interest and fees on loans and leases:
Taxable	$	15,793		$	16,332		$	47,544		$	49,082
Exempt from federal income taxes		1,215			1,143			3,459			3,565
Total interest and fees on loans and leases		17,008			17,475			51,003			52,647
Interest and dividends on investment securities:
Taxable		1,391			1,354			4,195			4,588
Exempt from federal income taxes		1,033			1,103			3,103			3,310
Other interest income		25			45			106			121
Total interest income		19,457			19,977			58,407			60,666
Interest expense
Interest on deposits		1,119			1,624			3,514			5,131
Interest on short-term borrowings		8			33			40			295
Interest on long-term borrowings		11			301			483			910
Total interest expense		1,138			1,958			4,037			6,336
Net interest income		18,319			18,019			54,370			54,330
Provision for loan and lease losses		4,094			2,210			9,614			7,653
Net interest income after provision for loan and lease losses		14,225			15,809			44,756			46,677
Noninterest income
Trust fee income		1,736			1,625			5,249			4,875
Service charges on deposit accounts		1,149			1,122			3,333			3,301
Investment advisory commission and fee income		1,536			1,350			5,048			3,956
Insurance commission and fee income		2,513			2,129			7,829			6,453
Other service fee income		1,929			1,053			5,454			3,943
Bank owned life insurance income		1,555			463			2,472			2,305
Other-than-temporary impairment on equity securities		—			(4	)		—			(13	)
Net gain on sales of investment securities		1,426			9			2,950			291
Net gain on mortgage banking activities		935			2,171			4,047			4,517
Net gain (loss) on sales and dispositions of fixed assets		—			1,321			(6	)		1,312
Net gain (loss) on sales and write-downs of other real estate owned		198			(621	)		450			(1,723	)
Loss on termination of interest rate swap		—			—			(1,866	)		—
Other		225			243			708			665
Total noninterest income		13,202			10,861			35,668			29,882
Noninterest expense
Salaries and benefits		9,761			8,944			28,980			28,185
Commissions		2,026			1,884			6,529			4,939
Net occupancy		1,472			1,445			4,279			4,241
Equipment		1,225			1,152			3,619			3,297
Marketing and advertising		570			340			1,432			1,243
Deposit insurance premiums		381			406			1,173			1,279
Restructuring charges		(5	)		—			534			—
Other		4,558			4,887			12,964			13,386
Total noninterest expense		19,988			19,058			59,510			56,570
Income before income taxes		7,439			7,612			20,914			19,989
Income taxes		1,400			1,842			4,647			4,193
Net income	$	6,039		$	5,770		$	16,267		$	15,796
Net income per share:
Basic	$	.36		$	.34		$	.97		$	.94
Diluted		.36			.34			.97			.94
Dividends declared		.20			.20			.60			.60

Note: See accompanying notes to the unaudited consolidated financial statements.

3

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended September 30,
	2013									2012
(Dollars in thousands)	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Income	$	7,439		$	1,400		$	6,039		$	7,612		$	1,842		$	5,770
Other comprehensive income:
Net unrealized (losses) gains on available-for-sale investment securities:
Net unrealized holding gains arising during the period		442			155			287			2,698			944			1,754
Less: reclassification adjustment for net gains on sales realized in net income		(1,426	)		(499	)		(927	)		(9	)		(3	)		(6	)
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income		—			—			—			4			2			2
Total net unrealized (losses) gains on available-for-sale investment securities		(984	)		(344	)		(640	)		2,693			943			1,750
Cash flow hedge derivative:
Net change in fair value of interest rate swap		—			—			—			(213	)		(75	)		(138	)
Total cash flow hedge derivative		—			—			—			(213	)		(75	)		(138	)
Defined benefit pension plans:
Less: amortization of net loss included in net periodic pension costs		320			112			208			293			103			190
Less: accretion of prior service cost included in net periodic pension costs		(64	)		(22	)		(42	)		(64	)		(22	)		(42	)
Total defined benefit pension plans		256			90			166			229			81			148
Other comprehensive (loss) income		(728	)		(254	)		(474	)		2,709			949			1,760
Total comprehensive income	$	6,711		$	1,146		$	5,565		$	10,321		$	2,791		$	7,530

	Nine Months Ended September 30,
	2013									2012
(Dollars in thousands)	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Income	$	20,914		$	4,647		$	16,267		$	19,989		$	4,193		$	15,796
Other comprehensive income:
Net unrealized (losses) gains on available-for-sale investment securities:
Net unrealized holding (losses) gains arising during the period		(10,163	)		(3,557	)		(6,606	)		3,215			1,125			2,090
Less: reclassification adjustment for net gains on sales realized in net income		(2,950	)		(1,032	)		(1,918	)		(291	)		(102	)		(189	)
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income		—			—			—			13			5			8
Total net unrealized (losses) gains on available-for-sale investment securities		(13,113	)		(4,589	)		(8,524	)		2,937			1,028			1,909
Cash flow hedge derivative:
Net change in fair value of interest rate swap		43			15			28			(602	)		(211	)		(391	)
Less: reclassification adjustment for loss on termination of interest rate swap realized in net income		1,866			653			1,213			—			—			—
Total cash flow hedge derivative		1,909			668			1,241			(602	)		(211	)		(391	)
Defined benefit pension plans:
Less: amortization of net loss included in net periodic pension costs		961			336			625			882			309			573
Less: accretion of prior service cost included in net periodic pension costs		(191	)		(66	)		(125	)		(192	)		(67	)		(125	)
Total defined benefit pension plans		770			270			500			690			242			448
Other comprehensive (loss) income		(10,434	)		(3,651	)		(6,783	)		3,025			1,059			1,966
Total comprehensive income	$	10,480		$	996		$	9,484		$	23,014		$	5,252		$	17,762

Note: See accompanying notes to the unaudited consolidated financial statements.

4

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

(Dollars in thousands, except per share data)	Common Shares Outstanding			Accumulated Other Comprehensive (Loss) Income			Common Stock		Additional Paid-in Capital			Retained Earnings			Treasury Stock			Total
Nine Months Ended September 30, 2013
Balance at December 31, 2012		16,770,232		$	(6,920	)	$	91,332	$	62,101		$	164,823		$	(27,059	)	$	284,277
Net income													16,267						16,267
Other comprehensive loss, net of income tax benefit					(6,783	)													(6,783	)
Cash dividends declared ($0.60 per share)													(10,029	)					(10,029	)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs		105,263								9			(32	)		1,915			1,892
Repurchase of cancelled restricted stock awards		(29,533	)							519						(519	)		—
Stock-based compensation										616									616
Net tax deficiency on stock-based compensation										(11	)								(11	)
Purchases of treasury stock		(627,406	)													(11,475	)		(11,475	)
Restricted stock awards granted		70,041								(1,174	)		(92	)		1,266			—
Balance at September 30, 2013		16,288,597		$	(13,703	)	$	91,332	$	62,060		$	170,937		$	(35,872	)	$	274,754

(Dollars in thousands, except per share data)	Common Shares Outstanding			Accumulated Other Comprehensive (Loss) Income			Common Stock		Additional Paid-in Capital			Retained Earnings			Treasury Stock			Total
Nine Months Ended September 30, 2012
Balance at December 31, 2011		16,702,376		$	(6,101	)	$	91,332	$	58,495		$	157,566		$	(28,313	)	$	272,979
Net income													15,796						15,796
Other comprehensive income, net of income tax					1,966														1,966
Cash dividends declared ($0.60 per share)													(10,058	)					(10,058	)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs		121,012											(64	)		2,051			1,987
Repurchase of cancelled restricted stock awards		(13,125	)							300			(87	)		(213	)		—
Stock-based compensation										847			33						880
Net tax deficiency on stock-based compensation										(84	)								(84	)
Purchases of treasury stock		(116,294	)													(1,877	)		(1,877	)
Restricted stock awards granted		71,157								(1,154	)		(134	)		1,288			—
Balance at September 30, 2012		16,765,126		$	(4,135	)	$	91,332	$	58,404		$	163,052		$	(27,064	)	$	281,589

Note: See accompanying notes to the unaudited consolidated financial statements.

5

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Nine Months Ended September 30,
(Dollars in thousands)	2013			2012
Cash flows from operating activities:
Net income	$	16,267		$	15,796
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses		9,614			7,653
Depreciation of premises and equipment		2,196			2,160
Other-than-temporary impairment on equity securities		—			13
Net gain on sales of investment securities		(2,950	)		(291	)
Net gain on mortgage banking activities		(4,047	)		(4,517	)
Net loss (gain) on dispositions and sales of fixed assets		6			(1,312	)
Net (gain) loss on sales and write-downs of other real estate owned		(450	)		1,723
Loss on termination of interest rate swap		1,866			—
Bank owned life insurance income		(2,472	)		(2,305	)
Stock-based compensation		616			923
Other adjustments to reconcile net income to cash provided by operating activities		944			5,638
Originations of loans held for sale		(233,408	)		(215,767	)
Proceeds from the sale of loans held for sale		239,501			218,280
Contributions to pension and other postretirement benefit plans		(2,090	)		(8,089	)
(Increase) decrease in accrued interest receivable and other assets		(974	)		801
Increase (decrease) in accrued interest payable and other liabilities		4,722			(962	)
Net cash provided by operating activities		29,341			19,744
Cash flows from investing activities:
Net cash paid due to acquisitions		(2,170	)		(3,225	)
Net capital expenditures		(2,777	)		(236	)
Proceeds from maturities and calls of securities available-for-sale		33,503			107,920
Proceeds from sales of securities available-for-sale		58,148			57,162
Purchases of investment securities held-to-maturity		—			(24,697	)
Purchases of investment securities available-for-sale		(66,959	)		(182,949	)
Net increase in loans and leases		(57,137	)		(36,131	)
Net decrease in interest-earning deposits		14,739			43,191
Proceeds from sales of other real estate owned		4,183			1,482
Proceeds from bank owned life insurance		—			2,415
Net cash used in investing activities		(18,470	)		(35,068	)
Cash flows from financing activities:
Net increase in deposits		24,033			28,698
Net decrease in short-term borrowings		(49,549	)		(3,189	)
Repayment of subordinated debt		(375	)		(1,125	)
Payment for repurchase of trust preferred securities		(20,619	)		—
Purchases of treasury stock		(11,475	)		(1,877	)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs		1,892			1,987
Cash dividends paid		(6,693	)		(10,050	)
Net cash (used in) provided by financing activities		(62,786	)		14,444
Net decrease in cash and due from banks		(51,915	)		(880	)
Cash and due from banks at beginning of year		98,399			39,857
Cash and due from banks at end of period	$	46,484		$	38,977
Supplemental disclosures of cash flow information:
Cash paid for interest	$	4,801		$	6,694
Cash paid for income taxes, net of refunds received		4,336			1,437
Non cash transactions:
Noncash transfer of loans to other real estate owned	$	3,526		$	—
Noncash transfer of loans held for investment to loans held for sale		—			2,599
Contingent consideration recorded as goodwill	$	454		$	842

Note: See accompanying notes to the unaudited consolidated financial statements.

6

UNIVEST CORPORATION OF PENNSYLVANIA AND SUBSIDIARIES

Notes to the Unaudited Consolidated Financial Statements

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Corporation of Pennsylvania (the Corporation) and its wholly owned subsidiaries; the Corporation’s primary subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the nine-month period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ended December 31, 2013. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the SEC on March 4, 2013.

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, valuation of goodwill and other intangible assets, mortgage servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation expense.

Recent Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) which requires entities to present an unrecognized tax benefit or a portion of an unrecognized tax benefit for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, in the financial statements as a reduction to a deferred tax asset with some specified exceptions. The ASU was issued to eliminate diversity in practice on this topic. The amendment is effective for fiscal years and interim periods within those years beginning after December 15, 2013, or January 1, 2014 for the Corporation. The adoption of this ASU will not have any impact on the Corporation’s financial statements.

In February 2013, the FASB issued an ASU to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. The guidance requires entities to present, either on the face of the statement where net income is presented or in a single footnote, significant amounts that are required under U.S. GAAP to be reclassified to net income in their entirety. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to provide a cross-reference to other required U.S. GAAP disclosures. The amendment is effective for reporting periods beginning after December 15, 2012, or January 1, 2013 for the Corporation. The application of the provisions of this standard did not have a material impact on the Corporation’s financial statements although it resulted in additional disclosures which are included in Note 10, “Accumulated Other Comprehensive (Loss) Income.”

In December 2011, the FASB issued an ASU regarding disclosures about offsetting assets and liabilities. The scope of this accounting guidance was further clarified by an ASU issued by the FASB in January 2013. This guidance affects entities that have financial instruments and derivative instruments that are either (1) offset in accordance with U.S. GAAP or (2) subject to an enforceable master netting arrangement or similar agreement. This

7

information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments within the scope of this guidance. The guidance is effective for annual reporting periods beginning on or after January 1, 2013. The provisions of this guidance did not have any impact on the Corporation’s financial statements.

Note 2. Acquisition

On May 1, 2013, the Corporation and its insurance subsidiary, Univest Insurance, Inc., completed the acquisition of John T. Fretz Insurance Agency, Inc., a full-service property and casualty insurance agency providing solutions to both personal and commercial clients. The acquisition expands the Corporation’s insurance business and increases its market share in its core market.

The Corporation paid $2.2 million in cash at closing with additional contingent consideration to be paid in annual installments over the three-year period ended April 30, 2016 based on the achievement of certain levels of revenue. At the acquisition date, the Corporation recorded the estimated fair value of the contingent consideration of $454 thousand in other liabilities. The estimated fair value of the contingent consideration liability was calculated using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The potential cash payments that could result from the contingent consideration arrangement range from $0 thousand to a maximum of $930 thousand cumulative over the next three years. The fair value of the contingent consideration liability will be reviewed on a quarterly basis and any valuation adjustments resulting from a change in the discount rate or estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through noninterest expense.

As a result of the John T. Fretz Insurance Agency, Inc. acquisition, the Corporation recorded goodwill of $1.3 million (inclusive of the contingent consideration) and customer related intangibles of $1.3 million. The goodwill is expected to be deductible for tax purposes. The customer related intangibles will be amortized over seven years using the sum-of-the-years-digits amortization method. The acquisition was accounted for in accordance with accounting standards for business combinations.

Note 3. Investment Securities

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at September 30, 2013 and December 31, 2012 by contractual maturity within each type:

	At September 30, 2013									At December 31, 2012
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
Corporate bonds:
Within 1 year	$	12,228	$	86	$	—		$	12,314	$	3,026	$	7	$	—		$	3,033
After 1 year to 5 years		56,986		1,040		(261	)		57,765		66,819		1,526		(51	)		68,294
		69,214		1,126		(261	)		70,079		69,845		1,533		(51	)		71,327
Total	$	69,214	$	1,126	$	(261	)	$	70,079	$	69,845	$	1,533	$	(51	)	$	71,327
Securities Available-for-Sale
U.S. treasuries:
After 5 years to 10 years	$	4,965	$	—	$	(192	)	$	4,773	$	4,960	$	—	$	(22	)	$	4,938
		4,965		—		(192	)		4,773		4,960		—		(22	)		4,938
U.S. government corporations and agencies:
Within 1 year		5,999		36		—			6,035		1,517		9		—			1,526
After 1 year to 5 years		148,123		169		(1,157	)		147,135		148,120		1,509		(70	)		149,559
After 5 years to 10 years		10,850		—		(471	)		10,379		20,953		109		(5	)		21,057
		164,972		205		(1,628	)		163,549		170,590		1,627		(75	)		172,142
State and political subdivisions:
Within 1 year		3,825		14		—			3,839		4,607		75		—			4,682
After 1 year to 5 years		4,603		29		(35	)		4,597		4,130		88		(19	)		4,199
After 5 years to 10 years		41,545		720		(530	)		41,735		36,499		1,245		(7	)		37,737
Over 10 years		65,746		1,788		(311	)		67,223		70,495		5,055		—			75,550
		115,719		2,551		(876	)		117,394		115,731		6,463		(26	)		122,168

8

	At September 30, 2013									At December 31, 2012
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Residential mortgage-backed securities:
After 5 years to 10 years		18,365		307		(55	)		18,617		20,140		777		—			20,917
Over 10 years		35,075		375		—			35,450		66,962		2,861		—			69,823
		53,440		682		(55	)		54,067		87,102		3,638		—			90,740
Collateralized mortgage obligations:
After 1 year to 5 years		109		1		—			110		41		—		—			41
After 5 years to 10 years		—		—		—			—		626		7		—			633
Over 10 years		9,462		111		(163	)		9,410		25,698		645		(5	)		26,338
		9,571		112		(163	)		9,520		26,365		652		(5	)		27,012
Corporate bonds:
After 1 year to 5 years		10,819		35		(131	)		10,723		4,993		21		—			5,014
After 5 years to 10 years		22,833		8		(1,156	)		21,685		—		—		—			—
		33,652		43		(1,287	)		32,408		4,993		21		—			5,014
Money market mutual funds:
Within 1 year		9,639		—		—			9,639		4,878		—		—			4,878
		9,639		—		—			9,639		4,878		—		—			4,878
Equity securities:
No stated maturity		1,678		357		(26	)		2,009		2,279		696		(133	)		2,842
		1,678		357		(26	)		2,009		2,279		696		(133	)		2,842
Total	$	393,636	$	3,950	$	(4,227	)	$	393,359	$	416,898	$	13,097	$	(261	)	$	429,734

Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties. Unrealized losses in investment securities at September 30, 2013 and December 31, 2012 do not represent other-than-temporary impairments.

Securities with a carrying value of $330.8 million and $368.2 million at September 30, 2013 and December 31, 2012, respectively, were pledged to secure public deposits and for other purposes as required by law.

The following table presents information related to sales of securities available-for-sale during the nine months ended September 30, 2013 and 2012:

	Nine Months Ended September 30,
(Dollars in thousands)	2013		2012
Securities available-for-sale:
Proceeds from sales	$	58,148	$	57,162
Gross realized gains on sales		2,957		1,187
Gross realized losses on sales		7		896
Tax expense related to net realized gains on sales		1,033		102

The Corporation realized other-than-temporary impairment charges to noninterest income of $0 thousand and $13 thousand, respectively, on its equity portfolio during the nine months ended September 30, 2013 and 2012. As such, in 2012, the Corporation determined that it was probable that the fair value of certain equity securities would not recover to the Corporation’s cost basis within a reasonable period of time due to a decline in the financial stability of the underlying companies. The Corporation carefully monitors all of its equity securities and has not taken impairment losses on certain other equity securities in an unrealized loss position, at this time, as the financial performance of the underlying companies is not indicative of the market deterioration of their stock and it is probable that the market value of the equity securities will recover to the Corporation’s cost basis in the individual securities in a reasonable amount of time. The equity securities within the following table consist of common stocks of other financial institutions, which have experienced declines in value consistent with the industry as a whole. Management evaluated the near-term prospects of the issuers in relation to the severity and duration of the impairment. The Corporation has the intent and ability to hold these securities until recovery to the Corporation’s cost basis occurs. The Corporation does not consider these investments to be other-than-temporarily impaired at September 30, 2013 and December 31, 2012.

Management evaluates debt securities, which are comprised of U.S. government, government sponsored agencies, municipalities, corporate bonds and other issuers, for other-than-temporary impairment and considers the current economic conditions, the length of time and the extent to which the fair value has been less than cost,

9

interest rates and the bond rating of each security. All of the debt securities are rated as investment grade and management believes that it will not incur any losses. The unrealized losses on the Corporation’s investments in debt securities are temporary in nature since they are primarily related to market interest rates and are not related to the underlying credit quality of the issuers within our investment portfolio. The Corporation does not have the intent to sell the debt securities and believes it is more likely than not, that it will not have to sell the securities before recovery of their cost basis. The Corporation did not recognize any other-than-temporary impairment charges on debt securities for the nine months ended September 30, 2013 and 2012.

At September 30, 2013 and December 31, 2012, there were no investments in any single non-federal issuer representing more than 10% of shareholders’ equity.

The following table shows the fair value of securities that were in an unrealized loss position at September 30, 2013 and December 31, 2012 by the length of time those securities were in a continuous loss position:

	At September 30, 2013
	Less than Twelve Months					Twelve Months or Longer				Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. treasuries	$	4,773	$	(192	)	$	—	$	—	$	4,773	$	(192	)
U.S. government corporations and agencies		107,154		(1,628	)		—		—		107,154		(1,628	)
State and political subdivisions		26,790		(876	)		—		—		26,790		(876	)
Residential mortgage-backed securities		5,093		(55	)		—		—		5,093		(55	)
Collateralized mortgage obligations		4,334		(163	)		—		—		4,334		(163	)
Corporate bonds		45,866		(1,548	)		—		—		45,866		(1,548	)
Equity securities		1,054		(26	)		—		—		1,054		(26	)
Total	$	195,064	$	(4,488	)	$	—	$	—	$	195,064	$	(4,488	)

	At December 31, 2012
	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
U.S. treasuries	$	4,938	$	(22	)	$	—	$	—		$	4,938	$	(22	)
U.S. government corporations and agencies		36,793		(75	)		—		—			36,793		(75	)
State and political subdivisions		4,574		(14	)		480		(12	)		5,054		(26	)
Collateralized mortgage obligations		5,006		(5	)		—		—			5,006		(5	)
Corporate bonds		10,410		(51	)		—		—			10,410		(51	)
Equity securities		976		(133	)		—		—			976		(133	)
Total	$	62,697	$	(300	)	$	480	$	(12	)	$	63,177	$	(312	)

Note 4. Loans and Leases

Summary of Major Loan and Lease Categories

(Dollars in thousands)	At September 30, 2013			At December 31, 2012
Commercial, financial and agricultural	$	430,818		$	468,421
Real estate-commercial		606,030			530,122
Real estate-construction		74,847			91,250
Real estate-residential secured for business purpose		35,673			35,179
Real estate-residential secured for personal purpose		143,374			146,526
Real estate-home equity secured for personal purpose		90,527			82,727
Loans to individuals		42,211			43,780
Lease financings		102,761			83,857
Total loans and leases held for investment, net of deferred income	$	1,526,241		$	1,481,862
Unearned lease income, included in the above table	$	(14,192	)	$	(12,355	)
Net deferred costs (fees), included in the above table	$	2,523		$	1,432
Overdraft deposits included in the above table	$	156		$	128

Overdraft deposits are re-classified as loans and are included in the total loans and leases on the balance sheet.

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Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases greater than 90 days past due which are accruing interest at September 30, 2013 and December 31, 2012:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest
At September 30, 2013
Commercial, financial and agricultural	$	4,169	$	972	$	1,047	$	6,188	$	424,630	$	430,818	$	300
Real estate—commercial real estate and construction:
Commercial real estate		651		1,364		6,405		8,420		597,610		606,030		641
Construction		—		—		8,742		8,742		66,105		74,847		—
Real estate—residential and home equity:
Residential secured for business purpose		411		180		226		817		34,856		35,673		—
Residential secured for personal purpose		1,122		197		619		1,938		141,436		143,374		619
Home equity secured for personal purpose		341		76		51		468		90,059		90,527		51
Loans to individuals		496		255		299		1,050		41,161		42,211		299
Lease financings		1,592		1,372		271		3,235		99,526		102,761		44
Total	$	8,782	$	4,416	$	17,660	$	30,858	$	1,495,383	$	1,526,241	$	1,954

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest
At December 31, 2012
Commercial, financial and agricultural	$	586	$	313	$	754	$	1,653	$	466,768	$	468,421	$	—
Real estate—commercial real estate and construction:
Commercial real estate		8,266		—		5,894		14,160		515,962		530,122		—
Construction		306		—		13,150		13,456		77,794		91,250		—
Real estate—residential and home equity:
Residential secured for business purpose		1,663		69		103		1,835		33,344		35,179		—
Residential secured for personal purpose		1,617		152		—		1,769		144,757		146,526		—
Home equity secured for personal purpose		276		64		54		394		82,333		82,727		54
Loans to individuals		551		153		347		1,051		42,729		43,780		347
Lease financings		1,001		273		426		1,700		82,157		83,857		40
Total	$	14,266	$	1,024	$	20,728	$	36,018	$	1,445,844	$	1,481,862	$	441

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Non-Performing Loans and Leases

The following presents, by class of loans and leases, non-performing loans and leases at September 30, 2013 and December 31, 2012:

	At September 30, 2013								At December 31, 2012
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases Greater than 90 Days Past Due and Accruing Interest		Total Non- Performing Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases Greater than 90 Days Past Due and Accruing Interest		Total Non- Performing Loans and Leases
Commercial, financial and agricultural	$	3,778	$	1,406	$	300	$	5,484	$	2,842	$	480	$	—	$	3,322
Real estate—commercial real estate and construction:
Commercial real estate		9,858		10,499		641		20,998		14,340		10,523		—		24,863
Construction		9,165		2,164		—		11,329		13,588		2,397		—		15,985
Real estate—residential and home equity:
Residential secured for business purpose		226		—		—		226		172		—		—		172
Residential secured for personal purpose		720		—		619		1,339		804		—		—		804
Home equity secured for personal purpose		—		—		51		51		—		—		54		54
Loans to individuals		—		37		299		336		—		38		347		385
Lease financings		227		—		44		271		386		19		40		445
Total	$	23,974	$	14,106	$	1,954	$	40,034	$	32,132	$	13,457	$	441	$	46,030

* Includes nonaccrual troubled debt restructured loans and lease modifications of $1.6 million and $579 thousand at September 30, 2013 and December 31, 2012, respectively.

Credit Quality Indicators

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at September 30, 2013 and December 31, 2012.

The Corporation employs a ten (10) grade risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. Loans with risk ratings of one through five are reviewed based on the relationship dollar amount with the borrower: loans with a relationship total of $2.5 million or greater are reviewed quarterly; loans with a relationship balance of less than $2.5 million but greater than $500 thousand are reviewed annually based on the borrower’s fiscal year; loans with a relationship balance of less than $500 thousand are reviewed only if the loan becomes 60 days or more past due. Loans with risk ratings of six are also reviewed based on the relationship dollar amount with the borrower: loans with a relationship balance of $2.0 million or greater are reviewed quarterly; loans with a relationship balance of less than $2.0 million but greater than $500 thousand are reviewed annually; loans with a relationship balance of less than $500 thousand are reviewed only if the loan becomes 60 days or more past due. Loans with risk ratings of seven are reviewed at least quarterly, and as often as monthly, at management’s discretion. Loans with risk ratings of eight through ten are reviewed monthly.

1. Cash Secured – No credit risk

2. Fully Secured – Negligible credit risk

3. Strong – Minimal credit risk

4. Satisfactory – Nominal credit risk

5. Acceptable – Moderate credit risk

6. Pre-Watch – Marginal, but stable credit risk

7. Special Mention – Potential weakness

8. Substandard – Well-defined weakness

9. Doubtful – Collection in-full improbable

10. Loss – Considered uncollectible

12

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

	At September 30, 2013
(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate — Commercial		Real Estate — Construction		Real Estate — Residential Secured for Business Purpose		Total
Grade:
1. Cash secured/ 2. Fully secured	$	4,498	$	2,031	$	1,550	$	—	$	8,079
3. Strong		5,534		9,119		4,288		—		18,941
4. Satisfactory		33,136		17,579		1,602		107		52,424
5. Acceptable		246,455		376,724		33,898		25,721		682,798
6. Pre-watch		98,524		121,054		21,282		5,351		246,211
7. Special Mention		15,897		22,169		—		1,919		39,985
8. Substandard		26,410		57,305		12,227		2,575		98,517
9. Doubtful		364		49		—		—		413
10. Loss		—		—		—		—		—
Total	$	430,818	$	606,030	$	74,847	$	35,673	$	1,147,368

	At December 31, 2012
(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate — Commercial		Real Estate — Construction		Real Estate — Residential Secured for Business Purpose		Total
Grade:
1. Cash secured/ 2. Fully secured	$	2,263	$	—	$	—	$	—	$	2,263
3. Strong		5,227		9,591		3,907		—		18,725
4. Satisfactory		40,747		25,837		1,783		335		68,702
5. Acceptable		260,042		321,194		26,331		22,764		630,331
6. Pre-watch		106,436		110,476		42,190		8,458		267,560
7. Special Mention		31,825		16,187		548		288		48,848
8. Substandard		21,881		45,844		16,491		3,334		87,550
9. Doubtful		—		993		—		—		993
10. Loss		—		—		—		—		—
Total	$	468,421	$	530,122	$	91,250	$	35,179	$	1,124,972

Credit Exposure – Real Estate—Residential Secured for Personal Purpose, Real Estate—Home Equity Secured for Personal Purpose, Loans to individuals, Lease Financing Credit Risk Profile by Payment Activity

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: residential real estate loans secured for a personal purpose, home equity loans secured for a personal purpose, loans to individuals and lease financings. Nonperforming loans and leases are loans past due 90 days or more, loans and leases on nonaccrual of interest and troubled debt restructured loans and lease modifications. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Nonperforming loans and leases are reviewed monthly. Performing loans and leases have a nominal to moderate risk of loss. Nonperforming loans and leases are loans or leases with a well-defined weakness and where collection in-full is improbable.

	At September 30, 2013
(Dollars in thousands)	Real Estate — Residential Secured for Personal Purpose		Real Estate — Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
Performing	$	142,035	$	90,476	$	41,875	$	102,490	$	376,876
Nonperforming		1,339		51		336		271		1,997
Total	$	143,374	$	90,527	$	42,211	$	102,761	$	378,873

	At December 31, 2012
(Dollars in thousands)	Real Estate — Residential Secured for Personal Purpose		Real Estate — Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
Performing	$	145,722	$	82,673	$	43,395	$	83,412	$	355,202
Nonperforming		804		54		385		445		1,688
Total	$	146,526	$	82,727	$	43,780	$	83,857	$	356,890

13

Risks associated with lending activities include, among other things, the impact of changes in interest rates and economic conditions, which may adversely impact the ability of borrowers to repay outstanding loans, and impact the value of the associated collateral.

Commercial, financial and agricultural loans, commercial real estate loans, construction loans and residential real estate loans with a business purpose are generally perceived as having more risk of default than residential real estate loans with a personal purpose and consumer loans. These types of loans involve larger loan balances to a single borrower or groups of related borrowers. Commercial real estate loans may be affected to a greater extent than residential loans by adverse conditions in real estate markets or the economy because commercial real estate borrowers’ ability to repay their loans depends on successful development of their properties and factors affecting residential real estate borrowers.

Commercial, financial and agricultural business loans are typically based on the borrowers’ ability to repay the loans from the cash flow of their businesses. These loans may involve greater risk because the availability of funds to repay each loan depends substantially on the success of the business itself. In addition, the collateral securing the loans often depreciates over time, is difficult to appraise and liquidate and fluctuates in value based on the success of the business.

Risk of loss on a construction loan depends largely upon whether our initial estimate of the property’s value at completion of construction equals or exceeds the cost of the property construction (including interest). During the construction phase, a number of factors can result in delays and cost overruns. If estimates of value are inaccurate or if actual construction costs exceed estimates, the value of the property securing the loan may be insufficient to ensure full repayment when completed through a permanent loan or by seizure of collateral. Included in real estate-construction is track development financing. Risk factors related to track development financing include the demand for residential housing and the real estate valuation market. When projects move slower than anticipated, the properties may have significantly lower values than when the original underwriting was completed, resulting in lower collateral values to support the loan. Extended time frames also cause the interest carrying cost for a project to be higher than the builder projected, negatively impacting the builder’s profit and cash flow and, therefore, their ability to make principal and interest payments.

Commercial real estate loans and residential real estate loans with a business purpose secured by owner-occupied properties are dependent upon the successful operation of the borrower’s business. If the operating company suffers difficulties in terms of sales volume and/or profitability, the borrower’s ability to repay the loan may be impaired. Loans secured by properties where repayment is dependent upon payment of rent by third party tenants or the sale of the property may be impacted by loss of tenants, lower lease rates needed to attract new tenants or the inability to sell a completed project in a timely fashion and at a profit.

Commercial, financial and agricultural loans, commercial real estate loans, construction loans and residential real estate loans secured for a business purpose are more susceptible to a risk of loss during a downturn in the business cycle. The Corporation has strict underwriting, review, and monitoring procedures in place, however, these procedures cannot eliminate all of the risks related to these loans.

The Corporation focuses on both assessing the borrower’s capacity and willingness to repay and on obtaining sufficient collateral. Commercial, financial and agricultural loans are generally secured by the borrower’s assets and by personal guarantees. Commercial real estate and residential real estate loans secured for a business purpose are originated primarily within the Southeastern Pennsylvania market area at conservative loan-to-value ratios and often by a guarantee of the borrowers. Management closely monitors the composition and quality of the total commercial loan portfolio to ensure that any credit concentrations by borrower or industry are closely monitored.

The Corporation originates fixed-rate and adjustable-rate real estate-residential mortgage loans that are secured by the underlying 1- to 4-family residential properties for personal purposes. Credit risk exposure in this area of lending is minimized by the evaluation of the credit worthiness of the borrower, including debt-to-equity ratios, credit scores and adherence to underwriting policies that emphasize conservative loan-to-value ratios of generally no more than 80%. Residential mortgage loans granted in excess of the 80% loan-to-value ratio criterion are generally insured by private mortgage insurance.

In the real estate-home equity loan portfolio secured for a personal purpose, credit exposure is minimized by the evaluation of the creditworthiness of the borrower, including debt-to-equity ratios, credit scores and adherence to the Corporation’s underwriting policies. Combined loan-to-value ratios are generally limited to 80%, but increased to 85% for the Corporation’s strongest profile borrower. Other credit considerations and compensating factors may warrant higher combined loan-to-value ratios.

14

Credit risk for direct consumer loans is controlled by strict adherence to conservative underwriting standards that consider debt-to-income levels and the creditworthiness of the borrower and, if secured, collateral values. These loans are included within the portfolio of loans to individuals.

The primary risks that are involved with lease financing receivables are credit underwriting and borrower industry concentrations. The Corporation has strict underwriting, review, and monitoring procedures in place to mitigate this risk. Risk also lies in the residual value of the underlying equipment. Residual values are subject to judgments as to the value of the underlying equipment that can be affected by changes in economic and market conditions and the financial viability of the residual guarantors and insurers. To the extent not guaranteed or assumed by a third party, or otherwise insured against, the Corporation bears the risk of ownership of the leased assets. This includes the risk that the actual value of the leased assets at the end of the lease term will be less than the residual value. The Corporation greatly reduces this risk primarily by using $1.00 buyout leases, in which the entire cost of the leased equipment is included in the contractual payments, leaving no residual payment at the end of the lease terms.

Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method for the three and nine months ended September 30, 2013 and 2012:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended September 30, 2013
Reserve for loan and lease losses:
Beginning balance	$	11,395		$	8,662		$	586		$	1,084		$	693		$	1,212		$	1,086		$	24,718
Charge-offs		(812	)		(2,784	)		(38	)		(133	)		(216	)		(211	)		N/A			(4,194	)
Recoveries		85			—			1			2			60			69			N/A			217
(Recovery of provision) provision		(152	)		2,542			682			249			169			198			406			4,094
Ending balance	$	10,516		$	8,420		$	1,231		$	1,202		$	706		$	1,268		$	1,492		$	24,835
Three Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	12,021		$	12,316		$	834		$	884		$	719		$	1,161		$	2,567		$	30,502
Charge-offs *		(4,143	)		(1,318	)		—			—			(168	)		(203	)		N/A			(5,832	)
Recoveries		33			4			4			—			43			132			N/A			216
Provision (recovery of provision)		3,344			(763	)		(154	)		62			12			94			(385	)		2,210
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182		$	27,096

15

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Nine Months Ended September 30, 2013
Reserve for loan and lease losses:
Beginning balance	$	11,594		$	7,507		$	639		$	980		$	679		$	1,326		$	2,021		$	24,746
Charge-offs		(1,973	)		(6,857	)		(112	)		(160	)		(620	)		(637	)		N/A			(10,359	)
Recoveries		172			48			9			5			172			428			N/A			834
Provision (recovery of provision)		723			7,722			695			377			475			151			(529	)		9,614
Ending balance	$	10,516		$	8,420		$	1,231		$	1,202		$	706		$	1,268		$	1,492		$	24,835
Nine Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	11,262		$	13,317		$	823		$	735		$	730		$	1,344		$	1,659		$	29,870
Charge-offs *		(7,308	)		(2,993	)		—			(2	)		(408	)		(849	)		N/A			(11,560	)
Recoveries		448			144			59			3			100			379			N/A			1,133
Provision (recovery of provision)		6,853			(229	)		(198	)		210			184			310			523			7,653
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182		$	27,096

N/A – Not applicable

* Includes charge-offs of $1.3 million on commercial real estate loans which were subsequently transferred to loans held for sale at September 2012.

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At September 30, 2013
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	2,210	$	111	$	775	$	—	$	—	$	—	$	N/A	$	3,096
Ending balance: collectively evaluated for impairment		8,306		8,309		456		1,202		706		1,268		1,492		21,739
Total ending balance	$	10,516	$	8,420	$	1,231	$	1,202	$	706	$	1,268	$	1,492	$	24,835
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	14,029	$	50,242	$	1,776	$	720	$	37	$	—			$	66,804
Ending balance: collectively evaluated for impairment		416,789		630,635		33,897		233,181		42,174		102,761				1,459,437
Total ending balance	$	430,818	$	680,877	$	35,673	$	233,901	$	42,211	$	102,761			$	1,526,241

16

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At September 30, 2012
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	428	$	262	$	—	$	—	$	—	$	—	$	N/A	$	690
Ending balance: collectively evaluated for impairment		10,827		9,977		684		946		606		1,184		2,182		26,406
Total ending balance	$	11,255	$	10,239	$	684	$	946	$	606	$	1,184	$	2,182	$	27,096
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	4,232	$	35,976	$	175	$	323	$	48	$	—			$	40,754
Ending balance: collectively evaluated for impairment		471,893		575,012		32,645		230,067		42,578		76,562				1,428,757
Total ending balance	$	476,125	$	610,988	$	32,820	$	230,390	$	42,626	$	76,562			$	1,469,511

N/A – Not applicable

Impaired Loans

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not an allowance for credit losses and the amounts for which there is an allowance for credit losses at September 30, 2013 and December 31, 2012:

	At September 30, 2013						At December 31, 2012
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired loans with no related allowance recorded:
Commercial, financial and agricultural	$	8,037	$	9,961			$	2,646	$	4,504
Real estate—commercial real estate		36,500		46,604				24,863		30,991
Real estate—construction		12,227		14,410				15,985		17,959
Real estate—residential secured for business purpose		226		238				172		184
Real estate—residential secured for personal purpose		720		739				804		804
Loans to individuals		37		55				38		55
Total impaired loans with no allowance recorded	$	57,747	$	72,007			$	44,508	$	54,497
Impaired loans with an allowance recorded:
Commercial, financial and agricultural	$	5,992	$	6,075	$	2,210	$	676	$	717	$	208
Real estate—commercial real estate		1,515		1,515		111		—		—		—
Real estate—residential secured for business purpose		1,550		1,550		775		—		—		—
Total impaired loans with an allowance recorded	$	9,057	$	9,140	$	3,096	$	676	$	717	$	208
Total impaired loans:
Commercial, financial and agricultural	$	14,029	$	16,036	$	2,210	$	3,322	$	5,221	$	208
Real estate—commercial real estate		38,015		48,119		111		24,863		30,991		—
Real estate—construction		12,227		14,410		—		15,985		17,959		—
Real estate—residential secured for business purpose		1,776		1,788		775		172		184		—
Real estate—residential secured for personal purpose		720		739		—		804		804		—
Loans to individuals		37		55		—		38		55		—
Total impaired loans	$	66,804	$	81,147	$	3,096	$	45,184	$	55,214	$	208

Impaired loans includes nonaccrual loans and leases, accruing troubled debt restructured loans and lease modifications and other accruing impaired loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the contractual terms. These loans are individually measured to determine the amount of potential impairment. The loans are reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates. At September 30, 2013, impaired loans included other accruing impaired loans of $29.0 million. At September 30, 2013, specific reserves of $1.9 million were established for four borrower relationships with principal balances totaling $7.9 million on other accruing impaired loans.

17

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method.

	Three Months Ended September 30, 2013						Three Months Ended September 30, 2012
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	—	$	—	$	—	$	650	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		5,971		29		70		5,474		23		71
Real estate—commercial real estate		22,789		171		150		20,525		69		257
Real estate—construction		14,544		25		184		16,324		33		190
Real estate—residential secured for business purpose		585		2		2		176		—		2
Real estate—residential secured for personal purpose		725		—		11		320		—		5
Real estate—home equity secured for personal purpose		—		—		—		—		—		—
Loans to individuals		37		1		—		48		1		—
Total	$	44,651	$	228	$	417	$	43,517	$	126	$	525

* Includes interest income recognized on a cash basis for nonaccrual loans of $0 thousand for both the three months ended September 30, 2013 and 2012 and interest income recognized on accrual method for accruing impaired loans of $228 thousand and $126 thousand for the three months ended September 30, 2013 and 2012, respectively.

	Nine Months Ended September 30, 2013						Nine Months Ended September 30, 2012
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	—	$	—	$	—	$	260	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		3,985		45		132		5,542		56		223
Real estate—commercial real estate		23,138		473		566		20,417		156		783
Real estate—construction		15,291		81		553		16,238		85		575
Real estate—residential secured for business purpose		341		2		7		150		—		5
Real estate—residential secured for personal purpose		758		—		35		188		—		9
Real estate—home equity secured for personal purpose		2		—		—		3		—		—
Loans to individuals		41		3		—		49		4		—
Total	$	43,556	$	604	$	1,293	$	42,847	$	301	$	1,595

* Includes interest income recognized on a cash basis for nonaccrual loans of $6 thousand and $8 thousand for the nine months ended September 30, 2013 and 2012, respectively and interest income recognized on accrual method for accruing impaired loans of $598 thousand and $293 thousand for the nine months ended September 30, 2013 and 2012, respectively.

18

Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended September 30, 2013								Three Months Ended September 30, 2012
(Dollars in thousands)	Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance		Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—	$	—	$	—		2	$	1,731	$	1,731	$	—
Real estate—commercial real estate		3		1,569		1,569		—		1		1,621		1,621		—
Real estate—construction		1		459		459		—		—		—		—		—
Total		4	$	2,028	$	2,028	$	—		3	$	3,352	$	3,352	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—	$	—	$	—		—	$	—	$	—	$	—

	Nine Months Ended September 30, 2013								Nine Months Ended September 30, 2012
(Dollars in thousands)	Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance		Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000	$	1,000	$	—		10	$	3,404	$	3,404	$	—
Real estate—commercial real estate		3		1,569		1,569		—		5		2,630		2,630		—
Real estate—construction		1		459		459		—		2		1,330		1,330		—
Total		5	$	3,028	$	3,028	$	—		17	$	7,364	$	7,364	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—	$	—	$	—		2	$	448	$	448	$	—
Real estate—commercial real estate		—		—		—		—		1		124		124		—
Total		—	$	—	$	—	$	—		3	$	572	$	572	$	—

The Corporation grants concessions primarily related to extensions of interest-only payment periods and an occasional payment modification. These modifications typically are on a short-term basis up to one year. Our goal when restructuring a credit is to afford the customer a reasonable period of time to provide cash flow relief to customers experiencing cash flow difficulties. Accruing troubled debt restructured loans are primarily comprised of loans on which interest is being accrued under the restructured terms, and the loans are current or less than ninety days past due.

19

The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended September 30, 2013
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Real estate—commercial real estate		—	$	—		1	$	756		—	$	—		2	$	813		3	$	1,569
Real estate—construction		—		—		—		—		—		—		1		459		1		459
Total		—	$	—		1	$	756		—	$	—		3	$	1,272		4	$	2,028
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Three Months Ended September 30, 2012
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—		—	$	—		—	$	—		2	$	1,731		2	$	1,731
Real estate—commercial real estate		1		1,621		—		—		—		—		—		—		1		1,621
Total		1	$	1,621		—	$	—		—	$	—		2	$	1,731		3	$	3,352
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Nine Months Ended September 30, 2013
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000		—	$	—		—	$	—		—	$	—		1	$	1,000
Real estate—commercial real estate		—		—		1		756		—		—		2		813		3		1,569
Real estate—construction		—		—		—		—		—		—		1		459		1		459
Total		1	$	1,000		1	$	756		—	$	—		3	$	1,272		5	$	3,028
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Nine Months Ended September 30, 2012
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		4	$	1,316		3	$	221		—	$	—		3	$	1,867		10	$	3,404
Real estate—commercial real estate		3		2,267		1		188		—		—		1		175		5		2,630
Real estate—construction		2		1,330		—		—		—		—		—		—		2		1,330
Total		9	$	4,913		4	$	409		—	$	—		4	$	2,042		17	$	7,364
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—		—	$	—		2	$	448		—	$	—		2	$	448
Real estate—commercial real estate		—		—		—		—		1		124		—		—		1		124
Total		—	$	—		—	$	—		3	$	572		—	$	—		3	$	572

20

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there was a payment default within twelve months of the restructuring date:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2013				2012				2013				2012
(Dollars in thousands)	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000		—	$	—		4	$	1,230		—	$	—
Total		1	$	1,000		—	$	—		4	$	1,230		—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—

Note 5. Mortgage Servicing Rights

The Corporation has originated mortgage servicing rights which are included in other intangible assets on the consolidated balance sheets. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing income on a basis similar to the interest method and an accelerated amortization method for loan payoffs. Mortgage servicing rights are subject to impairment testing on a quarterly basis. The aggregate fair value of these rights was $7.0 million and $4.2 million at September 30, 2013 and December 31, 2012, respectively. The fair value of mortgage servicing rights was determined using discount rates ranging from 5.1% to 10.0% at September 30, 2013 and 5.0% to 10.0% at December 31, 2012.

Changes in the mortgage servicing rights balance are summarized as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Beginning of period	$	5,227		$	3,276		$	4,152		$	2,739
Servicing rights capitalized		544			741			2,183			1,777
Amortization of servicing rights		(287	)		(463	)		(1,099	)		(1,147	)
Changes in valuation allowance		—			(372	)		248			(187	)
End of period	$	5,484		$	3,182		$	5,484		$	3,182
Mortgage loans serviced for others	$	736,017		$	540,735		$	736,017		$	540,735

Activity in the valuation allowance for mortgage servicing rights was as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Valuation allowance, beginning of period	$	(249	)	$	(608	)	$	(497	)	$	(793	)
Additions		—			(372	)		—			(187	)
Reductions		—			—			248			—
Direct write-downs		—			—			—			—
Valuation allowance, end of period	$	(249	)	$	(980	)	$	(249	)	$	(980	)

The estimated amortization expense of mortgage servicing rights for the remainder of 2013 and the succeeding fiscal years is as follows:

Year (Dollars in thousands)	Amount
Remainder of 2013	$	218
2014		801
2015		700
2016		602
2017		510
Thereafter		2,653

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Note 6. Income Taxes

At September 30, 2013 and December 31, 2012, the Corporation had no material unrecognized tax benefits, accrued interest or penalties. Penalties are recorded in non-interest expense in the year they are assessed and are treated as a non-deductible expense for tax purposes. Interest is recorded in non-interest expense in the year it is assessed and is treated as a deductible expense for tax purposes. At September 30, 2013, the Corporation’s tax years 2010 through 2012 remain subject to federal examination as well as examination by state taxing jurisdictions.

Note 7. Retirement Plans and Other Postretirement Benefits

Substantially all employees who were hired before December 8, 2009 are covered by a noncontributory retirement plan. Employees hired on or after December 8, 2009 are not eligible to participate in the noncontributory retirement plan. The Corporation also provides supplemental executive retirement benefits, a portion of which is in excess of limits imposed on qualified plans by federal tax law. These plans are non-qualified benefit plans. Information on these plans are aggregated and reported under “Retirement Plans” within this footnote.

The Corporation also provides certain postretirement healthcare and life insurance benefits for retired employees. Information on these benefits is reported under “Other Postretirement Benefits” within this footnote.

The Corporation sponsors a Supplemental Non-Qualified Pension Plan which was established in 1981 prior to the existence of a 401(k) deferred salary savings plan, employee stock purchase plan and long-term incentive plans and therefore is not actively offered to new participants.

Information with respect to the Retirement Plans and Other Postretirement Benefits follows:

Components of net periodic benefit cost were as follows:

	Three Months Ended September 30,
	2013			2012			2013			2012
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	155		$	156		$	23		$	21
Interest cost		427			431			30			29
Expected return on plan assets		(630	)		(564	)		—			—
Amortization of net loss		314			287			6			6
Accretion of prior service cost		(58	)		(58	)		(6	)		(6	)
Net periodic benefit cost	$	208		$	252		$	53		$	50

	Nine Months Ended September 30,
	2013			2012			2013			2012
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	466		$	469		$	69		$	62
Interest cost		1,284			1,294			86			88
Expected return on plan assets		(1,894	)		(1,692	)		—			—
Amortization of net loss		943			865			18			17
Accretion of prior service cost		(176	)		(176	)		(15	)		(16	)
Net periodic benefit cost	$	623		$	760		$	158		$	151

The Corporation contributed $2.0 million to its qualified retirement plan during the three and nine months ended September 30, 2013 and may make additional contributions during the remainder of 2013 to maximize tax benefits. The Corporation previously disclosed in its financial statements for the year ended December 31, 2012, that it expected to make contributions of $40 thousand to its non-qualified retirement plans and $82 thousand to its other postretirement benefit plans in 2013. During the nine months ended September 30, 2013, the Corporation contributed $30 thousand to its non-qualified retirement plans and $60 thousand to its other postretirement plans. During the nine months ended September 30, 2013, $1.3 million has been paid to participants from the retirement plans and $60 thousand has been paid to participants from the other postretirement plans. For 2013, the weighted average expected long-term rate of return on plan assets used to determine the net benefit cost was changed to 7.5% from 8.0%. The rate was changed during 2013 based on historical returns and future expectations of long-term asset returns.

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Note 8. Trust Preferred Securities

On May 14, 2013, the Corporation submitted a redemption notice to the trustee to redeem all of the outstanding capital securities issued by Univest Capital Trust I (Trust Preferred Securities), pursuant to the optional redemption provisions provided in the documents governing the Trust Preferred Securities. The Trust Preferred Securities had an aggregate principal balance of $20.0 million with an interest rate of three-month U.S. London Interbank Borrowing Rate (LIBOR) plus 3.05% per annum and a maturity date of October 7, 2033. The Trust Preferred Securities had a liquidation amount of $1,000 per trust preferred security plus accrued and unpaid distributions to the redemption date of July 7, 2013 and a settlement date Monday, July 8, 2013. The redemption also included $619 thousand in common securities issued by Univest Capital Trust I and related to the Trust Preferred Securities. Following the redemption, the Corporation’s capital levels remained well in excess of the regulatory minimum for well capitalized status.

This redemption is consistent with the capital plan the Corporation submitted to the Federal Reserve and was funded from the Corporation’s existing cash. The Trust Preferred Securities were hedged and the Corporation recognized a loss in May 2013 on the termination of the associated interest rate swap of $1.9 million. The interest rate swap had a maturity date of January 7, 2019. The Corporation expects to save approximately $600 thousand in interest expense during 2013 and approximately $1.1 million annually thereafter over what would have been the remaining term of the Trust Preferred Securities and related interest rate swap.

Note 9. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in thousands, except per share data)	2013		2012		2013		2012
Numerator for basic and diluted earnings per share – income available to common shareholders	$	6,039	$	5,770	$	16,267	$	15,796
Denominator for basic earnings per share – weighted-average shares outstanding		16,658		16,760		16,714		16,760
Effect of dilutive securities – employee stock options and awards		84		60		61		49
Denominator for diluted earnings per share – adjusted weighted-average shares outstanding		16,742		16,820		16,775		16,809
Basic earnings per share	$	0.36	$	0.34	$	0.97	$	0.94
Diluted earnings per share	$	0.36	$	0.34	$	0.97	$	0.94
Average anti-dilutive options and awards excluded from computation of diluted earnings per share		470		588		567		579

Note 10. Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized Gains on Available-for-Sale Investment Securities			Net Change Related to Derivative Used for Cash Flow Hedge			Net Change Related to Defined Benefit Pension Plan			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2012	$	8,344		$	(1,241	)	$	(14,023	)	$	(6,920	)
Net Change		(8,524	)		1,241			500			(6,783	)
Balance, September 30, 2013	$	(180	)	$	—		$	(13,523	)	$	(13,703	)
Balance, December 31, 2011	$	7,306		$	(932	)	$	(12,475	)	$	(6,101	)
Net Change		1,909			(391	)		448			1,966
Balance, September 30, 2012	$	9,215		$	(1,323	)	$	(12,027	)	$	(4,135	)

23

The following table illustrates the amounts reclassified out of each component of accumulated comprehensive (loss) income for the three and nine months ended September 30, 2013 and 2012:

Details about Accumulated Other Comprehensive (Loss) Income Components	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income												Affected Line Item in the Statement of Income
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Net unrealized holding gains (losses) on available-for-sale investment securities	$	1,426		$	9		$	2,950		$	291		Net gain on sales of investment securities
		—			(4	)		—			(13	)	Other-than-temporary impairment on equity securities
		1,426			5			2,950			278		Total before tax
		(499	)		(1	)		(1,032	)		(97	)	Tax expense
	$	927		$	4		$	1,918		$	181		Net of tax
Cash flow hedge derivative:
	$	—		$	—		$	(1,866	)	$	—		Net loss on interest rate swap
		—			—			(1,866	)		—		Total before tax
		—			—			653			—		Tax benefit
	$	—		$	—		$	(1,213	)	$	—		Net of tax
Defined benefit pension plans:
Amortization of net loss included in net periodic pension costs*	$	(320	)	$	(293	)	$	(961	)	$	(882	)
Accretion of prior service cost included in net periodic pension costs*		64			64			191			192
		(256	)		(229	)		(770	)		(690	)	Total before tax
		90			81			270			242		Tax benefit
	$	(166	)	$	(148	)	$	(500	)	$	(448	)	Net of tax

* These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. (See Note 7—Retirement Plans and Other Postretirement Benefits for additional details.)

Note 11. Derivative Instruments and Hedging Activities

The Corporation may use interest-rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The Corporation’s credit exposure on interest rate swaps includes fair value and any collateral that is held by a third party. Changes in the fair value of derivative instruments designated as hedges of future cash flows are recognized in accumulated other comprehensive income until the underlying forecasted transactions occur, at which time the deferred gains and losses are recognized in earnings. For a qualifying fair value hedge, the gain or loss on the hedging instrument is recognized in earnings, and the change in fair value of the hedge item, to the extent attributable to the hedged risk, adjusts the carrying amount of the hedge item and is recognized in earnings.

Derivative loan commitments represent agreements for delayed delivery of financial instruments in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield. The Corporation’s derivative loan commitments are commitments to sell loans secured by 1-to-4 family residential properties whose predominant risk characteristic is interest rate risk. The fair values of these derivative loan commitments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties.

On December 23, 2008, the Corporation entered into a cash flow hedge with a notional amount of $20.0 million that had the effect of converting the variable rates on Trust Preferred Securities to a fixed rate. Under the terms of the swap agreement, the Corporation paid a fixed rate of 2.65% and received a floating rate based on the three-month LIBOR with a maturity date of January 7, 2019. During May 2013, the Corporation terminated the swap in conjunction with the submission of a redemption notice to the trustee to redeem the Trust Preferred Securities on July 7, 2013, pursuant to the optional redemption provisions provided in the documents governing the Trust Preferred Securities. See Note 8 – Trust Preferred Securities for additional information.

24

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at September 30, 2013 and December 31, 2012:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2013
Interest rate locks with customers	$	22,340	Other Assets	$	849	—	$	—
Forward loan sale commitments		25,809	—		—	Other Liabilities		361
Total	$	48,149		$	849		$	361
At December 31, 2012
Interest rate locks with customers	$	51,768	Other Assets	$	1,547	—	$	—
Forward loan sale commitments		56,263	—		—	Other Liabilities		54
Total	$	108,031		$	1,547		$	54

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at September 30, 2013 and December 31, 2012:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet  Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2013
Interest rate swap – cash flow hedge	$	—	—	$	—	—	$	—
Total	$	—		$	—		$	—
At December 31, 2012
Interest rate swap – cash flow hedge	$	20,000	—	$	—	Other Liabilities	$	1,909
Total	$	20,000		$	—		$	1,909

For the three and nine months ended September 30, 2013 and 2012, the amounts included in the consolidated statements of income for derivatives not designated as hedging instruments are shown in the table below:

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
(Dollars in thousands)	Statement of Income Classification	2013			2012			2013			2012
Interest rate locks with customers	Net gain (loss) on mortgage banking activities	$	913		$	1,394		$	(698	)	$	2,341
Forward loan sale commitments	Net loss on mortgage banking activities		(1,133	)		(617	)		(307	)		(727	)
Total		$	(220	)	$	777		$	(1,005	)	$	1,614

For the three and nine months ended September 30, 2013 and 2012, the amounts included in the consolidated statements of income for derivatives designated as hedging instruments are shown in the table below:

		Three Months Ended					Nine Months Ended
	Statement of Income	September 30,					September 30,
(Dollars in thousands)	Classification	2013		2012			2013			2012
Interest rate swap – cash flow hedge – loss on termination	Net loss on termination of interest rate swap	$	—	$	—		$	(1,866	)	$	—
Interest rate swap – cash flow hedge – interest payments	Interest expense		—		112			124			331
Interest rate swap – cash flow hedge—ineffectiveness	Interest expense		—		—			—			—
Net loss		$	—	$	(112	)	$	(1,990	)	$	(331	)

25

At September 30, 2013 and December 31, 2012, the amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments are shown in the table below:

(Dollars in thousands)	Accumulated other comprehensive (loss) income	At September 30, 2013		At December 31, 2012
Interest rate swap – cash flow hedge	Fair value, net of taxes	$	—	$	(1,241	)
Total		$	—	$	(1,241	)

Note 12. Fair Value Disclosures

Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of its financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation’s assumptions that the market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting period.

Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.

Level 2: Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3: Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Assets and liabilities utilizing Level 3 inputs include: financial instruments whose value is determined using pricing models, discounted cash-flow methodologies, or similar techniques, as well as instruments for which the fair value calculation requires significant management judgment or estimation.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Investment Securities

Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include highly liquid U.S. Treasury securities, most equity securities and money market mutual funds. Mutual funds are registered investment companies which are valued at net asset value of shares on a market exchange at the close of business at period end. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Examples of instruments, which would generally be classified within Level 2 of the valuation hierarchy, include U.S. Government sponsored enterprises, mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds and certain equity securities. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy.

Fair values for securities are determined using independent pricing services and market-participating brokers. The Corporation’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service’s evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does have not sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control.

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On a quarterly basis, the Corporation reviews changes, as submitted by the pricing service, in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. Additionally, on an annual basis, the Corporation has its security portfolio priced by a second pricing service to determine consistency with another market evaluator, except for municipal bonds which are priced by another service provider on a sample basis. If, on the Corporation’s review or in comparing with another servicer, a material difference between pricing evaluations were to exist, the Corporation may submit an inquiry to its current pricing service regarding the data used to make the valuation of a particular security. If the Corporation determines it has market information that would support a different valuation than its current pricing service’s evaluation it can submit a challenge for a change to that security’s valuation. There were no material differences in valuations noted at September 30, 2013.

Derivative Financial Instruments

The fair values of derivative financial instruments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Derivative financial instruments are classified within Level 2 of the valuation hierarchy.

Contingent Consideration Liability

The Corporation estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change in the discount rate or change of estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through non-interest expense. Due to the significant unobservable input related to the projected revenue, the contingent consideration liability is classified within Level 3 of the valuation hierarchy. An increase in the projected revenue may result in a higher fair value of the contingent consideration liability. Alternatively, a decrease in the projected revenue may result in a lower estimated fair value of the contingent consideration liability.

For the Javers Group acquisition, the Corporation recorded a reduction to the contingent liability during the second quarter of 2013 which resulted in a reduction of other noninterest expense of $959 thousand. While the acquisition remains accretive, the adjustment reflects that revenue levels necessary for an earn-out payment in the first year post-acquisition were not met and that revenue growth levels necessary to qualify for subsequent years’ earn-out payments to be made are less than remote. Therefore, as of September 30, 2013, the fair value of this contingent consideration liability is $0. The Javers’ original contingent consideration arrangement ranged from $0 to a maximum of $1.7 million cumulative over the three-year period ending June 30, 2015.

For the John T. Fretz Insurance Agency, Inc. acquisition, the potential future cash payments that could result from the contingent consideration arrangement range from $0 to a maximum of $930 thousand cumulative over the three-year period ending April 30, 2016.

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The following table presents the assets and liabilities measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012, classified using the fair value hierarchy:

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,773	$	—	$	—	$	4,773
U.S. government corporations and agencies		—		163,549		—		163,549
State and political subdivisions		—		117,394		—		117,394
Residential mortgage-backed securities		—		54,067		—		54,067
Collateralized mortgage obligations		—		9,520		—		9,520
Corporate bonds		—		32,408		—		32,408
Money market mutual funds		9,639		—		—		9,639
Equity securities		2,009		—		—		2,009
Total available-for-sale securities		16,421		376,938		—		393,359
Interest rate locks with customers		—		849		—		849
Total assets	$	16,421	$	377,787	$	—	$	394,208
Liabilities:
Forward loan sale commitments	$	—	$	361	$	—	$	361
Contingent consideration liability		—		—		483		483
Total liabilities	$	—	$	361	$	483	$	844

	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

At September 30, 2013 and December 31, 2012, the Corporation had no assets measured at fair value on a recurring basis utilizing Level 3 inputs.

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2013 and 2012:

	Nine Months Ended September 30, 2013
(Dollars in thousands)	Balance at December 31, 2012		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration			Balance at September 30, 2013
Javers Group	$	903	$	—	$	—	$	(903	)	$	—
John T. Fretz Insurance Agency, Inc.		—		454		—		29			483
Total contingent consideration liability	$	903	$	454	$	—	$	(874	)	$	483

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	Nine Months Ended September 30, 2012
(Dollars in thousands)	Balance at December 31, 2011		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at September 30, 2012
Javers Group	$	—	$	842	$	—	$	34	$	876
Total contingent consideration liability	$	—	$	842	$	—	$	34	$	876

The following table represents assets measured at fair value on a non-recurring basis at September 30, 2013 and December 31, 2012:

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	63,708	$	63,708
Total	$	—	$	—	$	63,708	$	63,708

	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 September 30, 2013, fair value was greater than cost.

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at September 30, 2013 and December 31, 2012. The disclosed fair values are classified using the fair value hierarchy.

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	79,458	$	—		$	—	$	79,458		$	79,458
Held-to-maturity securities		—		70,079			—		70,079			69,214
Loans held for sale		—		3,574			—		3,574			3,489
Net loans and leases held for investment		—		—			1,457,592		1,457,592			1,437,698
Mortgage servicing rights		—		7,029			—		7,029			5,484
Other real estate owned		—		1,650			—		1,650			1,650
Total assets	$	79,458	$	82,332		$	1,457,592	$	1,619,382		$	1,596,993
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,599,264	$	—		$	—	$	1,599,264		$	1,599,264
Time deposits		—		288,271			—		288,271			289,782
Total deposits		1,599,264		288,271			—		1,887,535			1,889,046
Short-term borrowings		—		44,841			—		44,841			46,733
Total liabilities	$	1,599,264	$	333,112		$	—	$	1,932,376		$	1,935,779
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,342	)	$	—	$	(1,342	)	$	—

29

	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		—		—			1,433,990		1,433,990			1,412,140
Total assets	$	146,112	$	75,980		$	1,433,990	$	1,656,082		$	1,632,627
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	)	$	—

The following valuation methods and assumptions were used by the Corporation in estimating its fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed:

Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheets for cash and due from banks, interest-earning deposits with other banks, and other short-term investments approximates those assets’ fair values. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy.

Held-to-maturity securities: Fair values for the held-to-maturity investment securities are estimated by using pricing models or quoted prices of securities with similar characteristics and are classified in Level 2 in the fair value hierarchy.

Loans held for sale: The fair value of the Corporation’s loans held for sale are generally determined using a pricing model based on current market information obtained from external sources, including interest rates, bids or indications provided by market participants on specific loans that are actively marketed for sale. The Corporation’s loans held for sale are primarily residential mortgage loans and are generally classified in Level 2 due to the observable pricing data. Loans held for sale are carried at the lower of cost or estimated fair value. There were no valuation adjustments for loans held for sale at September 30, 2013 and December 31, 2012.

Loans and leases held for investment: The fair values for loans are estimated using discounted cash flow analyses, using a discount rate based on current interest rates at which similar loans with similar terms would be made to borrowers and include components for credit risk, operating expense and embedded prepayment options. An overall valuation adjustment is made for specific credit risks in addition to general portfolio risk and is significant to the valuation. As permitted, the fair value of the loans and leases are not based on the exit price concept as discussed in the first paragraph of this note. Loans and leases are classified within Level 3 in the fair value hierarchy.

Impaired loans held for investment: Impaired loans held for investment include those collateral-dependent loans for which the practical expedient was applied, resulting in a fair-value adjustment to the loan. Impaired loans are evaluated and valued at the time the loan is identified as impaired, at the lower of cost or fair value. Fair value is measured based on the value of the collateral securing these loans less cost to sell and is classified at a Level 3 in the fair value hierarchy. The fair value of collateral is based on appraisals performed by qualified licensed appraisers hired by the Corporation. At September 30, 2013, impaired loans held for investment had a carrying amount of $66.8 million with a valuation allowance of $3.1 million. At December 31, 2012, impaired loans held for investment had a carrying amount of $45.2 million with a valuation allowance of $208 thousand.

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Mortgage servicing rights: The Corporation estimates the fair value of mortgage servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the current interest rates of the portfolios serviced. Mortgage servicing rights are classified within Level 2 of the valuation hierarchy. The Corporation reviews the mortgage servicing rights portfolio on a quarterly basis for impairment and the mortgage servicing rights are carried at the lower of amortized cost or estimated fair value. At September 30, 2013, mortgage servicing rights had a carrying amount of $5.7 million with a valuation allowance of $249 thousand. At December 31, 2012, mortgage servicing rights had a carrying amount of $4.6 million with a valuation allowance of $497 thousand.

Goodwill and other identifiable intangible assets: Certain non-financial assets subject to measurement at fair value on a non-recurring basis include goodwill and other identifiable intangible assets. In conjunction with the reduction in the contingent consideration liability for Javers during the nine months ended September 30, 2013, an evaluation of goodwill and other identifiable intangible assets was performed with no indicated impairment.

Other real estate owned: The fair value of other real estate owned is estimated based upon its appraised value less costs to sell. The real estate is stated at an amount equal to the loan balance prior to foreclosure, plus costs incurred for improvements to the property but no more than the fair value of the property, less estimated costs to sell. New appraisals are generally obtained on an annual basis. Other real estate owned is classified within Level 2 of the valuation hierarchy.

Deposit liabilities: The fair values for demand and savings accounts, with no stated maturities, is the amount payable on demand at the reporting date (carrying value) and are classified within Level 1 in the fair value hierarchy. The fair values for time deposits with fixed maturities are estimated by discounting the final maturity using interest rates currently offered for deposits with similar remaining maturities. Time deposits are classified within Level 2 in the fair value hierarchy.

Short-term borrowings: The fair value of customer repurchase agreements are estimated using current market rates for similar borrowings and are classified within Level 2 in the fair value hierarchy. Short-term FHLB advances are estimated using a discounted cash flow analysis based on current market rates for similar borrowings, and include components for operating expense and embedded prepayment options that are observable. Short-term FHLB advances are classified within Level 2 in the fair value hierarchy.

Long-term borrowings: The fair values of the Corporation’s long-term borrowings are estimated using a discounted cash flow analysis based on current market rates for similar borrowings, and include components for credit risk, operating expense, and embedded prepayment options that are observable. Long-term borrowings are classified within Level 2 in the fair value hierarchy.

Off-balance-sheet instruments: Fair values for the Corporation’s off-balance-sheet instruments are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing and are classified within Level 2 in the fair value hierarchy.

Note 13. Restructuring Charges

During the first quarter of 2013, the Corporation implemented a company-wide restructuring plan which reduced staffing levels by 3.4% and included the announced closure and consolidation of its Silverdale financial service center, effective May 3, 2013, into the Hilltown and Perkasie locations. As a result, the Corporation recorded $539 thousand in restructuring charges during the first quarter of 2013, which consisted of $437 thousand in severance and $102 thousand in fixed asset retirement expenses. These charges are included in restructuring charges, a component of non-interest expense, within the consolidated statement of income. The restructuring involved strategic changes to ensure the Corporation is effectively managing costs, improving efficiencies and evolving the business to meet the need of all its stakeholders.

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A roll-forward of the accrued restructuring expense is as follows:

(Dollars in thousands)	Severance
Accrued at January 1, 2013	$	—
Restructuring charge		437
Payments		(432	)
Adjustment of restructuring charge		(5	)
Accrued at September 30, 2013	$	—

Note 14. Share Repurchase Plans

During 2007, the Corporation’s Board of Directors approved a share repurchase program for the repurchase of up to 643,782 shares of common stock. During the three and nine months ended September 30, 2013, the Corporation repurchased 395,000 shares at a cost of $7.4 million and 540,285 shares at a cost of $9.9 million, respectively. At September 30, 2013, this share repurchase plan was substantially completed and is closed. Total shares outstanding at September 30, 2013 were 16,288,597.

On October 23, 2013, the Corporation’s Board of Directors approved a new stock repurchase plan for the repurchase of up to 800,000 shares, or approximately 5% of the shares outstanding.

Under the new plan:

• the aggregate number of shares purchased will not exceed 800,000 shares of the Corporation’s common stock;

• the Corporation will repurchase shares of its common stock from time to time through open market purchases, tender offers, privately negotiated purchases or other means;

• the share repurchase program does not obligate the Corporation to acquire any particular amount of common stock; and

• the program has no scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

(All dollar amounts presented within tables are in thousands, except per share data. “BP” equates to “basis points”; “N/M” equates to “not meaningful”; “—” equates to “zero” or “doesn’t round to a reportable number”; and “N/A” equates to “not applicable.” Certain amounts have been reclassified to conform to the current-year presentation.)

Forward-Looking Statements

The information contained in this report may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words “believe,” “anticipate,” “estimate,” “expect,” “project,” “target,” “goal” and similar expressions are intended to identify forward-looking statements within the meaning of section 27A of the Securities Act of 1933. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including those set forth below:

• Operating, legal and regulatory risks

• Economic, political and competitive forces impacting various lines of business

• The risk that our analysis of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful

• Volatility in interest rates

• Other risks and uncertainties, including those occurring in the U.S. and world financial systems

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, expected or projected. These forward-looking statements speak only at the date of the report. The Corporation expressly disclaims any obligation to publicly release any updates or revisions to reflect any change in the Corporation’s expectations with regard to any change in events, conditions or circumstances on which any such statement is based.

Critical Accounting Policies

Management, in order to prepare the Corporation’s financial statements in conformity with U.S. generally accepted accounting principles, is required to make estimates and assumptions that affect the amounts reported in the Corporation’s financial statements. There are uncertainties inherent in making these estimates and assumptions. Certain critical accounting policies, discussed below, could materially affect the results of operations and financial position of the Corporation should changes in circumstances require a change in related estimates or assumptions. The Corporation has identified the fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, valuation of goodwill and other intangible assets, mortgage servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation as areas with critical accounting policies. For more information on these critical accounting policies, please refer to the Corporation’s 2012 Annual Report on Form 10-K.

General

Univest Corporation of Pennsylvania, (the Corporation), is a Bank Holding Company. It owns all of the capital stock of Univest Bank and Trust Co. (the Bank). The Corporation’s former subsidiary, Univest Delaware, Inc., was dissolved in the second quarter of 2013.

The Bank is engaged in the general commercial banking business and provides a full range of banking and trust services to its customers. The Bank is the parent company of Delview, Inc., which is the parent company of Univest Insurance, Inc., an independent insurance agency, and Univest Investments, Inc., a full-service broker-dealer and investment advisory firm. The Bank is also the parent company of Univest Capital, Inc., an equipment financing business, and TCG Investment Advisory, a registered investment advisor which provides discretionary investment consulting and management services. Through its wholly-owned subsidiaries, the Bank provides a variety of financial services to individuals, municipalities and businesses throughout its markets of operation.

33

Executive Overview

The Corporation’s consolidated net income, earnings per share and returns on average assets and average equity were as follows:

	Three Months Ended September 30,						Change					Nine Months Ended September 30,						Change
	2013			2012			Amount		Percent			2013			2012			Amount		Percent
(Dollars in thousands, except per share data)
Net income	$	6,039		$	5,770		$	269		5	%	$	16,267		$	15,796		$	471		3	%
Net income per share:
Basic	$	0.36		$	0.34		$	0.02		6		$	0.97		$	0.94		$	0.03		3
Diluted		0.36			0.34			0.02		6			0.97			0.94			0.03		3
Return on average assets		1.07	%		1.04	%		3BP		3			0.97	%		0.96	%		1 BP		1
Return on average equity		8.55	%		8.19	%		36BP		4			7.67	%		7.60	%		7 BP		1

Net interest income on a tax-equivalent basis for the three months ended September 30, 2013 increased $318 thousand, or 2% compared to the same period in 2012. The third quarter 2013 net interest margin on a tax-equivalent basis was 3.84%, consistent with the third quarter of 2012. Net interest income on a tax-equivalent basis for the nine months ended September 30, 2013 was consistent compared to the same period in 2012. The tax equivalent net interest margin for the nine months ended September 2013 was 3.84% compared to 3.92% for the same period in the prior year.

The provision for loan and lease losses increased by $1.9 million and $2.0 million for the three and nine months ended September 30, 2013, respectively, compared to the same periods in 2012.

Non-interest income increased $2.3 million, or 22% and $5.8 million, or 19% during the three and nine months ended September 30, 2013, respectively, compared to the same periods in 2012. Non-interest expense increased $930 thousand, or 5% and $2.9 million, or 5% for the three and nine months ended September 30, 2013, respectively, compared to the same periods in 2012.

Gross loans and leases grew $44.4 million or 3% from December 31, 2012 and deposits increased $23.7 million from December 31, 2012.

Nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications decreased to $24.0 million at September 30, 2013 from $32.1 million at December 31, 2012 and $30.5 million at September 30, 2012. Nonaccrual loans and leases as a percentage of total loans and leases (held for investment and non-accrual loans held for sale) was 1.57% at September 30, 2013 compared to 2.17% at December 31, 2012 and 2.07% at September 30, 2012. Net loan and lease charge-offs declined by $1.6 million and $902 thousand for the three and nine months ended September 30, 2013, respectively, compared to the same periods in 2012.

On May 1, 2013, the Corporation and its insurance subsidiary, Univest Insurance, Inc., completed the acquisition of John T. Fretz Insurance Agency, Inc., a full-service property and casualty insurance agency providing solutions to both personal and commercial clients. The Corporation paid $2.2 million in cash at closing with additional contingent consideration to be paid in annual installments over the three-year period ending April 30, 2016 based on the achievement of certain levels of revenue. At the acquisition date, the Corporation recorded the estimated fair value of the contingent consideration of $454 thousand in other liabilities. The potential cash payments that could result from the contingent consideration arrangement range from $0 to a maximum of $930 thousand cumulative over the next three years. As a result of the John T. Fretz Insurance Agency, Inc. acquisition, the Corporation recorded goodwill of $1.3 million (inclusive of contingent consideration) and customer related intangibles of $1.3 million.

During the third quarter of 2013, the Corporation repurchased 395,000 shares of common stock at a cost of $7.4 million under its 2007 Board approved share repurchase program. At September 30, 2013, this share repurchase plan was substantially completed. Total shares outstanding at September 30, 2013 were 16,288,597. On October 23, 2013, the Corporation’s Board of Directors approved a new share repurchase program for the repurchase of up to 800,000 shares, or approximately 5% of the shares outstanding.

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Details of the changes in the various components of net income and the balance sheet are further discussed in the sections that follow.

The Corporation earns its revenues primarily from the margins and fees it generates from the lending and depository services it provides as well as fee-based income from trust, insurance, mortgage banking and investment services to customers. The Corporation seeks to achieve adequate and reliable earnings by growing its business while maintaining adequate levels of capital and liquidity and limiting its exposure to credit and interest rate risk to Board of Directors approved levels. As interest rates increase, fixed-rate assets that banks hold will tend to decrease in value; conversely, as interest rates decline, fixed-rate assets that banks hold will tend to increase in value. The Corporation is in a more asset sensitive position; despite increases in the first nine months of 2013, interest rates remain at historically low levels, however, the Corporation anticipates further increases in interest rates over the longer term, which it expects would benefit its net interest margin.

The Corporation seeks to establish itself as the financial provider of choice in the markets it serves. It plans to achieve this goal by offering a broad range of high quality financial products and services and by increasing market awareness of its brand and the benefits that can be derived from its products. The Corporation operates in an attractive market for financial services but also is in intense competition with domestic and international banking organizations and other insurance and investment providers for the financial services business. The Corporation has taken initiatives to achieve its business objectives by acquiring banks and other financial service providers in strategic markets, through marketing, public relations and advertising, by establishing standards of service excellence for its customers, and by using technology to ensure that the needs of its customers are understood and satisfied.

Results of Operations

Net Interest Income

Net interest income is the difference between interest earned on loans and leases, investments and other interest-earning assets and interest paid on deposits and other interest-bearing liabilities. Net interest income is the principal source of the Corporation’s revenue. Table 1 presents a summary of the Corporation’s average balances, the tax-equivalent yields earned on average assets, and the cost of average liabilities, and shareholders’ equity on a tax-equivalent basis for the three and nine months ended September 30, 2013 and 2012. The tax-equivalent net interest margin is tax-equivalent net interest income as a percentage of average interest-earning assets. The tax-equivalent net interest spread represents the difference between the weighted average tax-equivalent yield on interest-earning assets and the weighted average cost of interest-bearing liabilities. The effect of net interest free funding sources represents the effect on the net interest margin of net funding provided by noninterest-earning assets, noninterest-bearing liabilities and shareholders’ equity. Table 2 analyzes the changes in the tax-equivalent net interest income for the periods broken down by their rate and volume components. Sensitivities associated with the mix of assets and liabilities are numerous and complex. The Investment Asset/Liability Management Committee works to maintain an adequate and stable net interest margin for the Corporation.

Three months ended September 30, 2013 versus 2012

Net interest income on a tax-equivalent basis for the three months ended September 30, 2013 increased $318 thousand, or 2% compared to the same period in 2012. The tax-equivalent net interest margin for the three months ended September 30, 2013 was 3.84%, consistent with the same period in 2012. While the tax-equivalent yield on average interest-earning assets declined 16 basis points for the three months ended September 30, 2013 compared to the same period in the prior year, the rate on interest-bearing liabilities was down 20 basis points compared to the same period. The decline in rate on interest-bearing liabilities was attributable to the Corporation’s decision to redeem its trust preferred securities and terminate the related interest rate swap and an overall decline in rates paid on time and interest bearing deposits.

Nine months ended September 30, 2013 versus 2012

Net interest income on a tax-equivalent basis for the nine months ended September 30, 2013 was consistent with the same period in 2012. The tax-equivalent net interest margin for the nine months ended September 30, 2013 decreased 8 basis points to 3.84% from 3.92% for the nine months ended September 30, 2012. The decline in the year-to-date net interest margin from the comparable period in the prior year was primarily due to the re-investment

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of maturing and called investment securities into lower yielding investments. In addition, lower rates on commercial and residential real estate loans due to re-pricing and the competitive environment contributed to the decline. Favorable re-pricing of savings accounts, customer repurchase agreements and certificates of deposit, along with maturities of higher yielding certificates of deposit, partially offset the decline in the year-to-date net interest margin.

Table 1 — Average Balances and Interest Rates — Tax-Equivalent Basis

	Three Months Ended September 30,
	2013								2012
(Dollars in thousands)	Average Balance			Income/ Expense		Average Rate			Average Balance			Income/ Expense		Average Rate
Assets:
Interest-earning deposits with other banks	$	30,842		$	25		0.32	%	$	52,214		$	45		0.34	%
U.S. government obligations		175,753			484		1.09			156,885			508		1.29
Obligations of states and political subdivisions		117,166			1,589		5.38			121,612			1,696		5.55
Other debt and equity securities		186,523			907		1.93			196,026			846		1.72
Total interest-earning deposits and investments		510,284			3,005		2.34			526,737			3,095		2.34
Commercial, financial and agricultural loans		395,251			4,062		4.08			452,531			4,895		4.30
Real estate—commercial and construction loans		590,967			7,071		4.75			525,143			6,804		5.15
Real estate—residential loans		261,586			2,463		3.74			256,297			2,616		4.06
Loans to individuals		42,483			587		5.48			42,991			602		5.57
Municipal loans and leases		147,505			1,875		5.04			129,651			1,748		5.36
Lease financings		69,058			1,610		9.25			59,284			1,415		9.50
Gross loans and leases		1,506,850			17,668		4.65			1,465,897			18,080		4.91
Total interest-earning assets		2,017,134			20,673		4.07			1,992,634			21,175		4.23
Cash and due from banks		39,988								50,875
Reserve for loan and lease losses		(25,404	)							(31,365	)
Premises and equipment, net		33,157								34,002
Other assets		168,249								168,137
Total assets	$	2,233,124							$	2,214,283
Liabilities:
Interest-bearing checking deposits	$	323,165			46		0.06		$	230,462			40		0.07
Money market savings		306,937			73		0.09			331,425			121		0.15
Regular savings		545,134			80		0.06			514,205			187		0.14
Time deposits		294,844			920		1.24			348,675			1,276		1.46
Total time and interest-bearing deposits		1,470,080			1,119		0.30			1,424,767			1,624		0.45
Short-term borrowings		44,516			8		0.07			104,110			33		0.13
Subordinated notes and capital securities		1,569			11		2.78			21,732			301		5.51
Total borrowings		46,085			19		0.16			125,842			334		1.06
Total interest-bearing liabilities		1,516,165			1,138		0.30			1,550,609			1,958		0.50
Demand deposits, non-interest bearing		405,498								346,687
Accrued expenses and other liabilities		31,216								36,815
Total liabilities		1,952,879								1,934,111
Shareholders’ Equity:
Common stock		91,332								91,332
Additional paid-in capital		64,866								61,327
Retained earnings and other equity		124,047								127,513
Total shareholders’ equity		280,245								280,172
Total liabilities and shareholders’ equity	$	2,233,124							$	2,214,283
Net interest income				$	19,535							$	19,217
Net interest spread							3.77								3.73
Effect of net interest-free funding sources							0.07								0.11
Net interest margin							3.84	%							3.84	%
Ratio of average interest-earning assets to average interest-bearing liabilities		133.04	%							128.51	%

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	Nine Months Ended September 30,
	2013								2012
(Dollars in thousands)	Average Balance			Income/ Expense		Average Rate			Average Balance			Income/ Expense		Average Rate
Assets:
Interest-earning deposits with other banks	$	37,730		$	106		0.38	%	$	55,358		$	121		0.29	%
U.S. government obligations		176,095			1,449		1.10			148,422			1,519		1.37
Obligations of states and political subdivisions		120,435			4,774		5.30			119,634			5,092		5.69
Other debt and equity securities		193,949			2,746		1.89			192,833			3,069		2.13
Total interest-earning deposits and investments		528,209			9,075		2.30			516,247			9,801		2.54
Commercial, financial and agricultural loans		412,233			13,093		4.25			445,301			14,423		4.33
Real estate—commercial and construction loans		570,209			20,575		4.82			529,778			20,741		5.23
Real estate—residential loans		257,170			7,354		3.82			251,035			7,818		4.16
Loans to individuals		42,519			1,784		5.61			43,803			1,856		5.66
Municipal loans and leases		139,827			5,334		5.10			133,557			5,450		5.45
Lease financings		67,860			4,738		9.33			57,708			4,244		9.82
Gross loans and leases		1,489,818			52,878		4.75			1,461,182			54,532		4.99
Total interest-earning assets		2,018,027			61,953		4.10			1,977,429			64,333		4.35
Cash and due from banks		47,242								41,152
Reserve for loan and lease losses		(25,627	)							(31,706	)
Premises and equipment, net		32,938								34,231
Other assets		166,334								168,485
Total assets	$	2,238,914							$	2,189,591
Liabilities:
Interest-bearing checking deposits	$	277,673			119		0.06		$	227,775			138		0.08
Money market savings		318,406			231		0.10			317,390			391		0.16
Regular savings		538,764			234		0.06			505,451			634		0.17
Time deposits		307,134			2,930		1.28			371,056			3,968		1.43
Total time and interest-bearing deposits		1,441,977			3,514		0.33			1,421,672			5,131		0.48
Short-term borrowings		82,318			40		0.06			110,177			295		0.36
Long-term debt		—			—		—			146			4		3.66
Subordinated notes and capital securities		14,319			483		4.51			22,108			906		5.47
Total borrowings		96,637			523		0.72			132,431			1,205		1.22
Total interest-bearing liabilities		1,538,614			4,037		0.35			1,554,103			6,336		0.54
Demand deposits, non-interest bearing		383,514								319,176
Accrued expenses and other liabilities		33,374								38,682
Total liabilities		1,955,502								1,911,961
Shareholders’ Equity:
Common stock		91,332								91,332
Additional paid-in capital		64,756								61,352
Retained earnings and other equity		127,324								124,946
Total shareholders’ equity		283,412								277,630
Total liabilities and shareholders’ equity	$	2,238,914							$	2,189,591
Net interest income				$	57,916							$	57,997
Net interest spread							3.75								3.81
Effect of net interest-free funding sources							0.09								0.11
Net interest margin							3.84	%							3.92	%
Ratio of average interest-earning assets to average interest-bearing liabilities		131.16	%							127.24	%

Notes: For rate calculation purposes, average loan and lease categories include unearned discount.

Nonaccrual loans and leases have been included in the average loan and lease balances.

Loans held for sale have been included in the average loan balances.

Tax-equivalent amounts for the three and nine months ended September 30, 2013 and 2012 have been calculated using the Corporation’s federal applicable rate of 35%.

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Table 2 — Analysis of Changes in Net Interest Income

The rate-volume variance analysis set forth in the table below compares changes in tax-equivalent net interest income for the periods indicated by their rate and volume components. The change in interest income/expense due to both volume and rate has been allocated proportionately.

	Three Months Ended September 30, 2013 Versus 2012									Nine Months Ended September 30, 2013 Versus 2012
(Dollars in thousands)	Volume Change			Rate Change			Total			Volume Change			Rate Change			Total
Interest income:
Interest-earning deposits with other banks	$	(17	)	$	(3	)	$	(20	)	$	(45	)	$	30		$	(15	)
U.S. government obligations		58			(82	)		(24	)		258			(328	)		(70	)
Obligations of states and political subdivisions		(58	)		(49	)		(107	)		34			(352	)		(318	)
Other debt and equity securities		(41	)		102			61			18			(341	)		(323	)
Interest on deposits and investments		(58	)		(32	)		(90	)		265			(991	)		(726	)
Commercial, financial and agricultural loans		(594	)		(239	)		(833	)		(1,065	)		(265	)		(1,330	)
Real estate—commercial and construction loans		818			(551	)		267			1,522			(1,688	)		(166	)
Real estate—residential loans		54			(207	)		(153	)		187			(651	)		(464	)
Loans to individuals		(6	)		(9	)		(15	)		(56	)		(16	)		(72	)
Municipal loans and leases		234			(107	)		127			247			(363	)		(116	)
Lease financings		232			(37	)		195			715			(221	)		494
Interest and fees on loans and leases		738			(1,150	)		(412	)		1,550			(3,204	)		(1,654	)
Total interest income		680			(1,182	)		(502	)		1,815			(4,195	)		(2,380	)
Interest expense:
Interest-bearing checking deposits		13			(7	)		6			23			(42	)		(19	)
Money market savings		(7	)		(41	)		(48	)		1			(161	)		(160	)
Regular savings		10			(117	)		(107	)		40			(440	)		(400	)
Time deposits		(180	)		(176	)		(356	)		(645	)		(393	)		(1,038	)
Interest on time and interest-bearing deposits		(164	)		(341	)		(505	)		(581	)		(1,036	)		(1,617	)
Short-term borrowings		(14	)		(11	)		(25	)		(59	)		(196	)		(255	)
Long-term debt		—			—			—			(4	)		—			(4	)
Subordinated notes and capital securities		(189	)		(101	)		(290	)		(282	)		(141	)		(423	)
Interest on borrowings		(203	)		(112	)		(315	)		(345	)		(337	)		(682	)
Total interest expense		(367	)		(453	)		(820	)		(926	)		(1,373	)		(2,299	)
Net interest income	$	1,047		$	(729	)	$	318		$	2,741		$	(2,822	)	$	(81	)

Notes:	For rate calculation purposes, average loan and lease categories include unearned discount.
	Nonaccrual loans and leases have been included in the average loan and lease balances.
	Loans held for sale have been included in the average loan balances.
	Tax-equivalent amounts for the three and nine months ended September 30, 2013 and 2012 have been calculated using the Corporation’s federal applicable rate of 35%.

Interest Income

Three and nine months ended September 30, 2013 versus 2012

Interest income on a tax-equivalent basis for the three months ended September 30, 2013 decreased $502 thousand, or 2% from the same period in 2012. Interest income on a tax-equivalent basis for the nine months ended September 30, 2013 decreased $2.4 million, or 4% from the same period in 2012. These decreases were primarily due to lower rates on commercial and residential real estate loans due to re-pricing and the competitive environment, along with lower commercial business loan volume. The average rate earned on loans decreased 26 basis points and 24 basis points for the three and nine months ended September 30, 2013, respectively, from the comparable periods in 2012. In addition, the re-investment of maturing and called investment securities into lower yielding investments contributed to the year-to-date decline in interest income. The average rate earned on investment securities and deposits at other banks decreased 24 basis points for the nine months ended September 30, 2013 from the comparable period in 2012. These unfavorable variances were partially offset by growth in lease financings and commercial real estate loans.

38

Interest Expense

Three and nine months ended September 30, 2013 versus 2012

Interest expense for the three months ended September 30, 2013 decreased $820 thousand, or 42% from the comparable period in 2012. Interest expense for the nine months ended September 30, 2013 decreased $2.3 million, or 36% from the comparable period in 2012. These decreases were mainly due to a decrease in the Corporation’s average cost of deposits of 15 basis points for both the three months and nine months ended September 30, 2013. This was largely attributable to an overall decline in rates paid on time and interest bearing deposits along with maturities of higher yielding certificates of deposits. In addition, the average rate paid on borrowings declined by 90 basis points and 50 basis points for the three and nine months ended September 30, 2013, respectively. This decline primarily resulted from the Corporation’s decision to redeem its trust preferred securities and terminate the related interest rate swap. For the nine months ended September 30, 2013, the Corporation experienced increases in average interest-bearing checking of $49.9 million and regular savings of $33.3 million partially offset by a decrease in average time deposits of $63.9 million. The lower interest rate environment has resulted in a shift in customer deposits from time deposits to savings and interest-bearing checking accounts.

Provision for Loan and Lease Losses

The reserve for loan and lease losses is determined through a periodic evaluation that takes into consideration the growth of the loan and lease portfolio, the status of past-due loans and leases, current economic conditions, various types of lending activity, policies, real estate and other loan commitments, and significant changes in charge-off activity. Loans are also reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates. Any of the above criteria may cause the reserve to fluctuate. The provision for the three months ended September 30, 2013 and 2012 was $4.1 million and $2.2 million, respectively. The provision for the nine months ended September 30, 2013 and 2012 was $9.6 million and $7.7 million, respectively. The increase in the provision for both the three and nine months ended September 30, 2013 was primarily attributable to the intra-dependency of collateral and updated assessments of residential building lots securing loans to a common borrower.

Noninterest Income

Noninterest income consists of trust department fee income, service charges on deposit accounts, commission income, net gains (losses) on sales of securities, net gains (losses) on mortgage banking activities, net gains (losses) on sales and write-downs of other real estate owned, loss on termination of interest rate swap and other miscellaneous types of income. Other service fee income primarily consists of fees from credit card companies for a portion of merchant charges paid to the credit card companies for the Bank’s customer debit card usage (Mastermoney fees), non-customer debit card fees, other merchant fees, mortgage servicing income and mortgage placement income. Bank owned life insurance income represents changes in the cash surrender value of bank-owned life insurance policies, which is affected by the market value of the underlying assets, and also includes any excess proceeds from death benefit claims. The net gain (loss) on mortgage banking activities consists of gains (losses) on sales of mortgages held for sale and fair value adjustments on interest-rate locks and forward loan sale commitments. Other non-interest income includes other miscellaneous income.

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The following table presents noninterest income for the periods indicated:

	Three Months Ended September 30,					Change						Nine Months Ended September 30,						Change
(Dollars in thousands)	2013		2012			Amount			Percent			2013			2012			Amount			Percent
Trust fee income	$	1,736	$	1,625		$	111			7	%	$	5,249		$	4,875		$	374			8	%
Service charges on deposit accounts		1,149		1,122			27			2			3,333			3,301			32			1
Investment advisory commission and fee income		1,536		1,350			186			14			5,048			3,956			1,092			28
Insurance commission and fee income		2,513		2,129			384			18			7,829			6,453			1,376			21
Other service fee income		1,929		1,053			876			83			5,454			3,943			1,511			38
Bank owned life insurance income		1,555		463			1,092			N/M			2,472			2,305			167			7
Other-than-temporary impairment on equity securities		—		(4	)		4			N/M			—			(13	)		13			N/M
Net gain on sales of securities		1,426		9			1,417			N/M			2,950			291			2,659			N/M
Net gain on mortgage banking activities		935		2,171			(1,236	)		(57	)		4,047			4,517			(470	)		(10	)
Net gain ( loss) on sales and dispositions of fixed assets		—		1,321			(1,321	)		N/M			(6	)		1,312			(1,318	)		N/M
Net gain (loss) on sales and write-downs of other real estate owned		198		(621	)		819			N/M			450			(1,723	)		2,173			N/M
Loss on termination of interest rate swap		—		—			—			—			(1,866	)		—			(1,866	)		N/M
Other		225		243			(18	)		(7	)		708			665			43			6
Total noninterest income	$	13,202	$	10,861		$	2,341			22		$	35,668		$	29,882		$	5,786			19

Three and nine months ended September 30, 2013 versus 2012

Non-interest income for the three months ended September 30, 2013 was $13.2 million, an increase of $2.3 million, or 22% from the comparable period in the prior year. Non-interest income for the nine months ended September 30, 2013 was $35.7 million, an increase of $5.8 million or 19% from the comparable period in the prior year. Insurance commission and fee income increased $384 thousand for the three months and $1.4 million for the nine months ended September 30, 2013, primarily a result of the acquisitions of the John T. Fretz Insurance Agency, Inc. on May 1, 2013 and Javers Group on May 31, 2012. Investment advisory commission and fee income increased $186 thousand for the three months and $1.1 million for the nine months ended September 30, 2013 as assets under supervision increased 16% from September 30, 2012. Mortgage servicing income (included in other service fee income) increased $696 thousand for the three months and $868 thousand for the nine months ended September 30, 2013 mainly due to a 36% increase in loans serviced for others from September 2012, along with favorable changes in fair value adjustments on servicing rights. The net gain on sales of securities increased $1.4 million for the three months and $2.7 million for the nine months ended September, 30 2013. The net gain on sales of other real estate owned was $198 thousand for the three months and $450 thousand for the nine months ended September 30, 2013. This compares favorably to a net loss on sales and write-downs of $621 thousand and $1.7 million, respectively, for the comparable periods in the prior year. Excess proceeds from bank owned life insurance death benefits of $1.1 million were recognized during the three months ended September 30, 2013. On a year-to-date basis, $1.1 million in excess proceeds from bank owned life insurance death benefits were recognized in 2013 compared to $989 thousand for the same period in the prior year.

These favorable increases were partially offset by a $1.9 million loss on the termination of an interest rate swap during the second quarter of 2013, which was used as a hedge of trust preferred securities. In addition, the net gain on mortgage banking activities decreased $1.2 million and $470 thousand for the three and nine months ended September 30, 2013 respectively. The increase in interest rates during the second quarter of 2013 contributed to a significant decline in refinance activity, reduced demand for new home purchases and lowered gain on sale margins. Mortgage banking originations declined 39% in the third quarter of 2013 from the second quarter of 2013 and the third quarter of 2012.

Noninterest Expense

The operating costs of the Corporation are known as non-interest expense, and include, but are not limited to, salaries and benefits, commissions, equipment and occupancy expenses. Expense control is very important to the management of the Corporation, and every effort is made to contain and minimize the growth of operating expenses, and to provide technological innovation whenever practical, as operations change or expand.

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The following table presents noninterest expense for the periods indicated:

	Three Months Ended September 30,					Change						Nine Months Ended September 30,				Change
(Dollars in thousands)	2013			2012		Amount			Percent			2013		2012		Amount			Percent
Salaries and benefits	$	9,761		$	8,944	$	817			9	%	$	28,980	$	28,185	$	795			3	%
Commissions		2,026			1,884		142			8			6,529		4,939		1,590			32
Net occupancy		1,472			1,445		27			2			4,279		4,241		38			1
Equipment		1,225			1,152		73			6			3,619		3,297		322			10
Marketing and advertising		570			340		230			68			1,432		1,243		189			15
Deposit insurance premiums		381			406		(25	)		(6	)		1,173		1,279		(106	)		(8	)
Restructuring charges		(5	)		—		(5	)		N/M			534		—		534			N/M
Other		4,558			4,887		(329	)		(7	)		12,964		13,386		(422	)		(3	)
Total noninterest expense	$	19,988		$	19,058	$	930			5		$	59,510	$	56,570	$	2,940			5

Three months ended September 30, 2013 versus 2012

Non-interest expense for the three months ended September 30, 2013 was $20.0 million, an increase of $930 thousand or 5% from the comparable period in the prior year. Salaries and benefits expenses increased $817 thousand primarily attributable to the Fretz acquisition and performance-based salary and incentive increases. Commission expense increased $142 thousand mainly due to increased production activity and revenues generated in the Corporation’s equipment finance, investment and insurance businesses partially offset by a decline in mortgage banking commissions.

Nine months ended September 30, 2013 versus 2012

Non-interest expense for the nine months ended September 30, 2013 was $59.5 million, an increase of $2.9 million or 5% from the comparable period in the prior year. Salaries and benefits expense increased $795 thousand primarily attributable to the Fretz and Javers acquisitions and performance-based salary and incentive increases. Commission expense increased $1.6 million mainly due to increased production activity and revenues generated in the Corporation’s equipment finance, investment and insurance businesses. Additionally, non-interest expense increased due to restructuring charges of $539 thousand recognized during the first three months of 2013.

Tax Provision

The provision for income taxes for the three months ended September 30, 2013 and 2012 was $1.4 million and $1.8 million, at effective rates of 19% and 24%, respectively. The provision for income taxes for the nine months ended September 30, 2013 and 2012 was $4.6 million and $4.2 million, at effective rates of 22% and 21%, respectively. The effective tax rates reflect the benefits of tax-exempt income from investments in municipal securities, loans and bank-owned life insurance. The lower effective rate for the three months ended September 30, 2013 is due to a higher amount of tax exempt income in 2013 primarily due to excess proceeds from bank-owned life insurance death benefits.

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Financial Condition

Assets

Total assets decreased $51.8 million from December 31, 2012 primarily due to a decrease in cash and interest-earning deposits, and a decrease in investment securities, partially offset by an increase in loans and leases. The following table presents the assets at the dates indicated:

	At September 30,			At December 31,			Change
(Dollars in thousands)	2013			2012			Amount			Percent
Cash and interest-earning deposits	$	79,458		$	146,112		$	(66,654	)		(46	)%
Investment securities		462,573			499,579			(37,006	)		(7	)
Loans held for sale		3,489			4,530			(1,041	)		(23	)
Loans and leases held for investment		1,526,241			1,481,862			44,379			3
Reserve for loan and lease losses		(24,835	)		(24,746	)		(89	)		—
Premises and equipment, net		33,797			33,222			575			2
Goodwill and other intangibles, net		65,992			62,694			3,298			5
Bank owned life insurance		60,144			61,409			(1,265	)		(2	)
Accrued interest receivable and other assets		46,137			40,179			5,958			15
Total assets	$	2,252,996		$	2,304,841		$	(51,845	)		(2	)

Cash and Interest-earning Deposits

Cash and interest-earning deposits at September 30, 2013 decreased $66.7 million from December 31, 2012 primarily due to the growth in loans and leases and the decline in long-term borrowings resulting from the Corporation’s redemption of trust preferred securities.

Investment Securities

The investment portfolio is managed as part of the overall asset and liability management process to optimize income and market performance over an entire interest rate cycle while mitigating risk. Activity in this portfolio is undertaken primarily to manage liquidity and interest rate risk, to take advantage of market conditions that create more economically beneficial returns on these investments, and to collateralize public funds deposits. The securities portfolio consists primarily of U.S. Government agencies, municipals, residential mortgage-backed securities and corporate bonds.

Total investments at September 30, 2013 decreased $37.0 million from December 31, 2012. Sales of $58.1 million, maturities and pay-downs of $31.4 million, calls of $2.1 million and a decline in the net unrealized gain on available-for-sale investment securities of $13.1 million, were partially offset by purchases of $67.0 million. The decline in net unrealized gain on available-for-sale investment securities was primarily due to declines in fair value resulting from the increase in interest rates during the second quarter of 2013.

Loans and Leases

Gross loans and leases held for investment at September 30, 2013 grew by $44.4 million or 3% from December 31, 2012. Commercial-related real estate loans increased $60.0 million and lease financings increased $18.9 million partially offset by a decrease in commercial business loans of $37.6 million. While the longer-term economic outlook remains positive, short-term uncertainty over the direction of fiscal and monetary policy is restraining overall credit demand and the utilization of available credit lines by both businesses and consumers.

Asset Quality

Performance of the entire loan and lease portfolio is reviewed on a regular basis by Bank management and lending officers. A number of factors regarding the borrower, such as overall financial strength, collateral values and repayment ability, are considered in deciding what actions should be taken when determining the collectability of interest for accrual purposes.

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When a loan or lease, including a loan or lease that is impaired, is classified as nonaccrual, the accrual of interest on such a loan or lease is discontinued. A loan or lease is typically classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest, even though the loan or lease is currently performing. A loan or lease may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan or lease is placed on nonaccrual status, unpaid interest credited to income is reversed. Interest payments received on nonaccrual loans and leases are either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal.

Loans or leases are usually restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt.

At September 30, 2013, the recorded investment in loans that were considered to be impaired was $66.8 million. The related reserve for loan losses was $3.1 million. At December 31, 2012, the recorded investment in loans that were considered to be impaired was $45.2 million. The related reserve for loan losses was $208 thousand. Impaired loans includes nonaccrual loans and leases, accruing troubled debt restructured loans and lease modifications and other accruing impaired loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the contractual terms. The amount of the specific reserve needed for these credits could change in future periods subject to changes in facts and judgments related to these credits. Specific reserves have been established based on current facts and management’s judgments about the ultimate outcome of these credits. For the nine months ended September 30, 2013 and 2012, interest income that would have been recognized under the original terms for impaired loans was $1.3 million and $1.6 million, respectively. Interest income recognized for the nine months ended September 30, 2013 and 2012 was $604 thousand and $301 thousand, respectively.

The impaired loan balances consisted mainly of commercial real estate, construction and commercial business loans. At September 30, 2013, impaired loans included other accruing impaired loans of $29.0 million. At September 30, 2013, specific reserves of $1.9 million were established for four borrower relationships with principal balances totaling $7.9 million on other accruing impaired loans. In addition, year-to-date impaired loan activity included $10.2 million of loans which were restructured or placed on nonaccrual status, partially offset by the foreclosure of commercial loans totaling $3.5 million, net loan charge-offs on nonaccrual loans of $8.4 million and payments of $5.4 million. Impaired loans at September 30, 2013 included one large shared national credit to a theatre with an outstanding balance of $5.8 million. During the third quarter of 2012, this credit was returned to accruing troubled debt restructured status as the borrower made six consecutive principal and interest payments. At September 30, 2013, the credit was secured with sufficient estimated collateral and therefore, there was no specific reserve on this credit. The theatre continues to be open and operating. In addition, impaired loans at September 30, 2013 included one large credit which went on nonaccrual during the third quarter of 2009 and is comprised of four separate facilities to a local commercial real estate developer/home builder, aggregating to $9.6 million. During the third quarter of 2013, one of the facilities was sold and proceeds of $2.3 million were applied to the loan. This credit incurred $2.0 million in charge-offs during the third quarter of 2013 primarily attributable to the intra-dependency of collateral and updated assessments of residential building lots securing the loans. There is no specific allowance on this credit, after the noted charge-offs, as the credit was secured with sufficient estimated collateral. The borrower does not have the resources to develop these properties; therefore, the properties must be sold.

Other real estate owned increased slightly to $1.7 million at September 30, 2013, compared to $1.6 million at December 31, 2012. The year-to-date increase was primarily due to the addition of commercial properties for $3.8 million, offset by the sale of three locations with an associated carrying balance of $3.7 million for a gain of $450 thousand.

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Table 3 —   Nonaccrual and Past Due Loans and Leases; Troubled Debt Restructured Loans and Lease Modifications; Other Real Estate Owned; and Related Ratios

The following table details information pertaining to the Corporation’s non-performing assets at the dates indicated:

(Dollars in thousands)	At September 30, 2013			At December 31, 2012			At September 30, 2012
Nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications*:
Loans held for sale	$	—		$	—		$	2,599
Loans held for investment:
Commercial, financial and agricultural		3,778			2,842			3,966
Real estate — commercial		9,858			14,340			9,318
Real estate — construction		9,165			13,588			13,614
Real estate — residential		946			976			498
Lease financings		227			386			530
Total nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications*		23,974			32,132			30,525
Accruing troubled debt restructured loans and lease modifications		14,106			13,457			13,383
Accruing loans and leases 90 days or more past due:
Commercial, financial and agricultural		300			—			321
Real estate — commercial		641			—			—
Real estate — residential		670			54			58
Loans to individuals		299			347			289
Lease financings		44			40			22
Total accruing loans and leases, 90 days or more past due		1,954			441			690
Total non-performing loans and leases		40,034			46,030			44,598
Other real estate owned		1,650			1,607			3,301
Total nonperforming assets	$	41,684		$	47,637		$	47,899
Nonaccrual loans and leases (including nonaccrual troubled debt restructured loans and lease modifications) / loans and leases held for investment and nonaccrual loans held for sale		1.57	%		2.17	%		2.07	%
Nonperforming loans and leases / loans and leases held for investment and nonaccrual loans held for sale		2.62	%		3.11	%		3.03	%
Nonperforming assets / total assets		1.85	%		2.07	%		2.15	%
Allowance for loan and lease losses / loans and leases held for investment		1.63	%		1.67	%		1.84	%
Allowance for loan and lease losses / nonaccrual loans and leases		103.59	%		77.01	%		97.03	%
Allowance for loan and lease losses / nonperforming loans and leases		62.03	%		53.76	%		64.52	%
Allowance for loan and lease losses	$	24,835		$	24,746		$	27,096
* Nonaccrual troubled debt restructured loans and lease modifications included in nonaccrual loans and leases in the above table	$	1,618		$	579		$	228

The following table provides additional information on the Corporation’s nonaccrual loans and leases held for investment:

	At September 30,			At December 31,			At September 30,
(Dollars in thousands)	2013			2012			2012
Total nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications	$	23,974		$	32,132		$	27,926
Nonaccrual loans and leases with partial charge-offs		10,232			8,834			8,508
Life-to-date partial charge-offs on nonaccrual loans and leases		8,475			4,361			7,142
Charge-off rate of nonaccrual loans and leases with partial charge-offs		45.3	%		33.1	%		45.6	%
Specific reserves on impaired loans	$	3,096		$	208		$	690

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Reserve for Loan and Lease Losses

Management believes the reserve for loan and lease losses is maintained at a level that is appropriate at September 30, 2013 to absorb probable losses in the loan and lease portfolio. Management’s methodology to determine the adequacy of and the provisions to the reserve considers specific credit reviews, past loan and lease loss experience, current economic conditions and trends, and the volume, growth, and composition of the portfolio.

The reserve for loan and lease losses is determined through a monthly evaluation of reserve adequacy. This analysis takes into consideration the growth of the loan and lease portfolio, the status of past-due loans and leases, current economic conditions, various types of lending activity, policies, real estate and other loan commitments, and significant changes in charge-off activity. Impaired loans, including nonaccrual loans and leases, troubled debt restructured loans and other accruing impaired loans are evaluated individually. All other loans and leases are evaluated as pools. Based on historical loss experience, loss factors are determined giving consideration to the areas noted in the preceding paragraph and applied to the pooled loan and lease categories to develop the general or allocated portion of the reserve. Loss factors are updated quarterly and are comprised of losses aggregated over eight quarters. Management also reviews the activity within the reserve to determine what actions, if any, should be taken to address differences between estimated and actual losses. Any of the above factors may cause the provision to fluctuate.

The reserve for loan and lease losses is based on management’s evaluation of the loan and lease portfolio under current economic conditions and such other factors, which deserve recognition in estimating loan and lease losses. This evaluation is inherently subjective, as it requires estimates including the amounts and timing of future cash flows expected to be received on impaired loans that may be susceptible to significant change. Additions to the reserve arise from the provision for loan and lease losses charged to operations or from the recovery of amounts previously charged off. Loan and lease charge-offs reduce the reserve. Loans and leases are charged off when there has been permanent impairment or when in the opinion of management the full amount of the loan or lease, in the case of non-collateral dependent borrowings, will not be realized. Certain impaired loans are reported at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent, or for certain loans, at the present value of expected future cash flows using the loan’s initial effective interest rate.

The reserve for loan and lease losses consists of an allocated reserve and unallocated reserve categories. The allocated reserve is comprised of reserves established on specific loans and leases, and class reserves based on historical loan and lease loss experience, current trends, and management assessments. The unallocated reserve is based on both general economic conditions and other risk factors in the Corporation’s individual markets and portfolios.

The specific reserve element is based on a regular analysis of impaired commercial and real estate loans. For these loans, the specific reserve established is based on an analysis of related collateral value, cash flow considerations and, if applicable, guarantor capacity.

The class reserve element is determined by an internal loan and lease grading process in conjunction with associated allowance factors. The Corporation revises the class allowance factors whenever necessary, but no less than quarterly, in order to address improving or deteriorating credit quality trends or specific risks associated with a given loan or lease pool classification.

The Corporation maintains a reserve in other liabilities for off-balance sheet credit exposures that currently are unfunded in categories with historical loss experience. The reserve for these off-balance sheet credits was $321 thousand and $119 thousand at September 30, 2013 and December 31, 2012, respectively.

Goodwill and Other Intangible Assets

Goodwill and other intangible assets have been recorded on the books of the Corporation in connection with acquisitions. The Corporation has customer-related intangibles and mortgage servicing rights, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The amortization of intangible assets was $539 thousand and $652 thousand for the three months ended September 30, 2013 and 2012, respectively and $1.8 million and $1.7 million for the nine months ended September 30, 2013 and 2012, respectively. The Corporation also has goodwill with a net carrying amount of $57.5 million at September 30, 2013 and $56.2 million at December 31, 2012, which is deemed to be an indefinite intangible asset and is not amortized.

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The Corporation completes a goodwill impairment analysis at least on an annual basis, or more often, if events and circumstances indicate that there may be impairment. The Corporation also completes an impairment test for other identifiable intangible assets on an annual basis or more often if events and circumstances indicate there may be impairment. The Corporation completes an annual impairment test for other intangible assets, or more often, if events and circumstances indicate a possible impairment. There was no goodwill impairment and no material impairment to identifiable intangibles during the nine months ended September 30, 2013 and 2012. In conjunction with the reduction in the contingent consideration liability for Javers during the six months ended June 30, 2013, an evaluation of goodwill and other identifiable intangible assets was performed with no indicated impairment. There can be no assurance that future impairment assessments or tests will not result in a charge to earnings.

Other Assets

At September 30, 2013 and December 31, 2012, the Bank held $3.3 million in Federal Reserve Bank stock as required by the Federal Reserve Bank. The Bank is required to hold stock in the FHLB in relation to the level of outstanding borrowings. The Bank held FHLB stock of $2.8 million and $4.1 million at September 30, 2013 and December 31, 2012, respectively. Additionally, the FHLB might require its members to increase its capital stock requirement. Effective February 28, 2011, the FHLB entered into a Joint Capital Enhancement Agreement with the other 11 Federal Home Loan Banks (collectively, the FHLBanks). The agreement calls for a plan for each FHLBank to build additional retained earnings and enhance capital. On August 5, and August 8, 2011, the Standard & Poor’s Rating Services downgraded the credit ratings of the U.S government and federal agencies, including the FHLB, respectively, from AAA to AA+, with a negative outlook. On June 10, 2013, Standard & Poor’s upgraded its credit outlook for the United States government from “negative” to “stable”. These changes in the credit ratings of the U.S. government and the FHLB, could increase the borrowing costs of the FHLB and possibly have a negative impact on its operations and long-term performance. It is possible this could have an adverse effect on the value of the Corporation’s investment in the FHLB stock. However, based on current information from the FHLB, management believes that if there is any impairment in the FHLB stock, it is temporary. Therefore, at September 30, 2013, the FHLB stock is recorded at cost.

Liabilities

Total liabilities decreased $42.3 million since December 31, 2012 primarily due to a decrease in short-term and long-term borrowings, partially offset by an increase in deposits. The following table presents the liabilities at the dates indicated:

					Change
(Dollars in thousands)	At September 30, 2013		At December 31, 2012		Amount			Percent
Deposits	$	1,889,046	$	1,865,333	$	23,713			1	%
Short-term borrowings		46,733		96,282		(49,549	)		(51	)
Subordinated notes and capital securities		—		20,994		(20,994	)		N/M
Accrued expenses and other liabilities		42,463		37,955		4,508			12
Total liabilities	$	1,978,242	$	2,020,564	$	(42,322	)		(2	)

Deposits

Total deposits increased $23.7 million from December 31, 2012, mainly due to a product change for existing business and municipal customers which resulted in approximately $68.1 million of customer repurchase agreements, classified as borrowings, being transferred to interest-bearing demand deposits during the second quarter of 2013. This transfer was partially offset by a decrease in time deposits of $41.7 million.

Borrowings

Short-term borrowings at September 30, 2013, consisted of customer repurchase agreements on an overnight basis; the decrease of $49.5 million from December 31, 2012 was due to the migration of customer accounts to interest bearing deposits as previously discussed. During the second quarter of 2013, the Corporation submitted a redemption notice to the trustee resulting in the redemption of all of the trust preferred securities, with an aggregate principal balance of $20.0 million, issued by Univest Capital Trust I. The Corporation redeemed the trust preferred securities effective July 7, 2013 with settlement on July 8, 2013. The redemption also included $619 thousand in common securities issued by Univest Capital Trust I and related to the Trust Preferred Securities.

46

Shareholders’ Equity

Total shareholders’ equity at September 30, 2013 decreased $9.5 million since December 31, 2012, primarily due to an increase in treasury stock and an increase in accumulated other comprehensive loss partially offset by an increase in retained earnings.

The following table presents total shareholders’ equity at the dates indicated:

							Change
(Dollars in thousands)	At September 30, 2013			At December 31, 2012			Amount			Percent
Common stock	$	91,332		$	91,332		$	—			—	%
Additional paid-in capital		62,060			62,101			(41	)		—
Retained earnings		170,937			164,823			6,114			4
Accumulated other comprehensive loss		(13,703	)		(6,920	)		(6,783	)		(98	)
Treasury stock		(35,872	)		(27,059	)		(8,813	)		(33	)
Total shareholders’ equity	$	274,754		$	284,277		$	(9,523	)		(3	)

Retained earnings at September 30, 2013 were impacted by the nine months of net income of $16.3 million partially offset by cash dividends declared of $10.0 million. Accumulated other comprehensive loss increased primarily due to declines in the fair value of available-for-sale investment securities, resulting from the increase in interest rates during the second quarter of 2013. Treasury stock increased primarily due to the purchase of 540,285 treasury shares, totaling $9.9 million under its 2007 Board approved share repurchase program partially offset by the issuance of restricted stock.

Capital Adequacy

The Corporation and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s and the Bank’s financial statements. Capital adequacy guidelines, and additionally for the Bank the prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weighting and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Corporation and the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined).

47

Table 4 — Regulatory Capital

	Actual					For Capital Adequacy Purposes					To Be Well-Capitalized Under Prompt Corrective Action Provisions
(Dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio
At September 30, 2013:
Total Capital (to Risk-Weighted Assets):
Corporation	$	253,783		13.73	%	$	147,918		8.00	%	$	184,898		10.00	%
Bank		235,648		12.91			146,012		8.00			182,515		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation		230,494		12.47			73,959		4.00			110,939		6.00
Bank		212,802		11.66			73,006		4.00			109,509		6.00
Tier 1 Capital (to Average Assets):
Corporation		230,494		10.63			86,715		4.00			108,394		5.00
Bank		212,802		9.88			86,121		4.00			107,651		5.00
At December 31, 2012:
Total Capital (to Risk-Weighted Assets):
Corporation	$	274,504		15.62	%	$	140,631		8.00	%	$	175,788		10.00	%
Bank		246,861		14.22			138,841		8.00			173,552		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation		252,240		14.35			70,315		4.00			105,473		6.00
Bank		225,126		12.97			69,421		4.00			104,131		6.00
Tier 1 Capital (to Average Assets):
Corporation		252,240		11.47			87,934		4.00			109,918		5.00
Bank		225,126		10.31			87,310		4.00			109,137		5.00

On May 14, 2013, the Corporation submitted a redemption notice to the trustee to redeem all of the outstanding capital securities issued by Univest Capital Trust I, with a redemption date of July 7, 2013. This is the primary reason that the Corporation’s regulatory capital ratios declined when comparing September 30, 2013 to December 31, 2012. Additionally, during the second quarter of 2013, the Bank’s subsidiary, Delview, Inc., called its preferred stock of $15.0 million, which qualified as Tier 1 Capital at the Bank as “Qualifying Noncontrolling (Minority) Interests in Consolidated Subsidiaries.” This is the primary reason that the Bank’s regulatory capital ratios declined when comparing September 30, 2013 to December 31, 2012.

At September 30, 2013 and December 31, 2012, management believes that the Corporation and the Bank continued to meet all capital adequacy requirements to which they are subject. The Corporation, like other bank holding companies, currently is required to maintain Tier 1 Capital and Total Capital (the sum of Tier 1, Tier 2 and Tier 3 capital) equal to at least 4.0% and 8.0%, respectively, of its total risk-weighted assets (including various off-balance-sheet items, such as standby letters of credit). The Bank, like other depository institutions, is required to maintain similar capital levels under capital adequacy guidelines. For a depository institution to be considered “well capitalized” under the regulatory framework for prompt corrective action, its Tier 1 and Total Capital ratios must be at least 6.0% and 10.0% on a risk-adjusted basis, respectively. At September 30, 2013, the Bank is categorized as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the Bank’s category.

In July 2013, the federal bank regulatory agencies adopted final rules revising the agencies’ capital adequacy guidelines and prompt corrective action rules, designed to enhance such requirements and implement the revised standards of the Basel Committee on Banking Supervision, commonly referred to as Basel III. The July 2013 final rules generally implement higher minimum capital requirements, add a new common equity Tier 1 capital requirement, and establish criteria that instruments must meet to be considered common equity Tier 1 capital, additional Tier 1 capital or Tier 2 capital. The new minimum capital to risk-adjusted assets requirements are a common equity Tier 1 capital ratio of 4.5% (6.5% to be considered “well capitalized”) and a Tier 1 capital ratio of 6.0%, increased from 4.0% (and increased from 6.0% to 8.0% to be considered “well capitalized”); the total capital ratio remains at 8.0% under the new rules (10.0% to be considered “well capitalized”). Under the new rules, in order to avoid limitations on capital distributions (including dividend payments and certain discretionary bonus payments to executive officers), a banking organization must hold a capital conservation buffer comprised of common equity Tier 1 capital above its minimum risk-based capital requirements in an amount greater than 2.5% of total risk-weighted assets. The final rules permit institutions, other than certain large institutions, to elect to continue to treat certain components of accumulated other comprehensive income as permitted under the current general risk-based

48

capital rules, and not reflect unrealized gains and losses on available-for-sale securities in common equity Tier 1 calculations. The new minimum capital requirements are effective on January 1, 2015. The capital contribution buffer requirements phase in over a three-year period beginning January 1, 2016. The Corporation and the Bank will continue to analyze these new rules and their effects on the business, operations and capital levels of the Corporation and the Bank.

Asset/Liability Management

The primary functions of Asset/Liability Management are to assure adequate earnings, capital and liquidity while maintaining an appropriate balance between interest-earning assets and interest-bearing liabilities. Liquidity management involves the ability to meet cash flow requirements of customers and corporate needs. Interest-rate sensitivity management seeks to avoid fluctuating net interest margins and to enhance consistent growth of net interest income through periods of changing rates.

The Corporation uses both interest-sensitivity gap analysis and simulation modeling to quantify its exposure to interest rate risk. The Corporation uses the gap analysis to identify and monitor long-term rate exposure and uses a simulation model to measure the short-term rate exposures. The Corporation runs various earnings simulation scenarios to quantify the effect of declining or rising interest rates on the net interest margin over a one-year horizon. The simulation uses existing portfolio rate and re-pricing information, combined with assumptions regarding future loan and deposit growth, future spreads, prepayments on residential mortgages, and the discretionary pricing of non-maturity assets and liabilities.

The following table demonstrates the expected effect that a parallel interest rate shift would have on the Corporation’s net interest income over the next twelve months. This simulation assumes that there is no growth in interest-earning assets or interest-bearing liabilities over the next twelve months. The changes to net interest income are shown in the below table at September 30, 2013.

Table 5 — Summary of Interest Rate Simulation

	Estimated Change in Net Interest Income Over Next 12 Months
(Dollars in thousands)	Amount			Percent
Rate shock—Change in interest rates
+300 basis points	$	11,083			15.4	%
+200 basis points		7,042			9.8
+100 basis points		3,193			4.4
-100 basis points*		(4,139	)		(5.7	)

* Because certain current short-term interest rates are at or below 1.0%, the 100 basis point downward shock assumes that corresponding interest rates approach an implied floor that, in effect, reflects a decrease of less than the full 100 basis points downward shock.

The interest rate simulation demonstrates that the Corporation is asset sensitive; indicating that an increase in interest rates will have a positive impact on net interest income over the next 12 months while a decrease in interest rates will negatively impact net interest income.

Liquidity

The Corporation, in its role as a financial intermediary, is exposed to certain liquidity risks. Liquidity refers to the Corporation’s ability to ensure that sufficient cash flow and liquid assets are available to satisfy demand for loans and deposit withdrawals. The Corporation manages its liquidity risk by measuring and monitoring its liquidity sources and estimated funding needs. The Corporation has a contingency funding plan in place to address liquidity needs in the event of an institution-specific or a systemic financial crisis.

Sources of Funds

Core deposits and customer repurchase agreements have historically been the most significant funding sources for the Corporation. These deposits and repurchase agreements are generated from a base of consumer, business and public customers primarily located in Bucks and Montgomery counties, Pennsylvania. The Corporation faces increased competition for these deposits from a large array of financial market participants, including banks, savings institutions, mutual funds, security dealers and others.

49

The Corporation supplements its core funding with money market funds it holds for the benefit of various trust accounts. These funds are fully collateralized by the Bank’s investment portfolio and bear interest at current money market mutual fund rates. This funding source is subject to changes in the asset allocations of the trust accounts.

The Corporation, through the Bank, has short-term and long-term credit facilities with the FHLB with a maximum borrowing capacity of approximately $468.2 million. At September 30, 2013 and December 31, 2012, there were no outstanding borrowings with the FHLB. At September 30, 2013 and December 31, 2012, the Bank had outstanding short-term letters of credit with the FHLB totaling $5.0 million and $32.0 million, respectively, which were utilized to collateralize seasonal public funds deposits. The maximum borrowing capacity with the FHLB changes as a function of qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank, and the amount of funds received may be reduced by additional required purchases of FHLB stock.

The Bank, maintains federal fund lines with several correspondent banks totaling $82.0 million at September 30, 2013 and December 31, 2012. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.

The Corporation, through the Bank, has an available line of credit at the Federal Reserve Bank of Philadelphia, the amount of which is dependent upon the balance of loans and securities pledged as collateral. At September 30, 2013 and December 31, 2012, the Corporation had no outstanding borrowings under this line.

Cash Requirements

The Corporation has cash requirements for various financial obligations, including contractual obligations and commitments that require cash payments. The most significant contractual obligation, in both the under and over one year time period, is for the Bank to repay its certificates of deposit. Short-term borrowings consisting of customer repurchase agreements constitute the next largest payment obligation. The Bank anticipates meeting these obligations by continuing to provide convenient depository and cash management services through its branch network, thereby replacing these contractual obligations with similar fund sources at rates that are competitive in our market.

Commitments to extend credit are the Bank’s most significant commitment in both the under and over one year time periods. These commitments do not necessarily represent future cash requirements in that these commitments often expire without being drawn upon.

Recent Accounting Pronouncements

For information regarding recent accounting pronouncements, refer to Footnote 1, “Summary of Significant Accounting Policies” of this Form 10-Q.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

No material changes in the Corporation’s market risk or market strategy occurred during the current period. A detailed discussion of market risk is provided in the Registrant’s Annual Report on Form 10-K for the period ended December 31, 2012.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Management is responsible for the disclosure controls and procedures of the Corporation. Disclosure controls and procedures are controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods required by the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be so disclosed by an issuer is accumulated and communicated to the issuer’s

50

management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, an evaluation was performed under the supervision and with the participation of the Corporation’s management, including the Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial and Accounting Officer), of the effectiveness of the design and operation of the Corporation’s disclosure controls and procedures. Based on that evaluation, the Corporation’s Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of September 30, 2013.

Changes in Internal Control over Financial Reporting

There were no changes in the Corporation’s internal control over financial reporting (as defined in Rule 13a-15(f)) during the quarter ended September 30, 2013 that materially affected, or are reasonably likely to materially affect, the Corporation’s internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Management is not aware of any litigation that would have a material adverse effect on the consolidated balance sheet or statement of income of the Corporation. There are no proceedings pending other than the ordinary routine litigation incident to the business of the Corporation. In addition, there are no material proceedings pending or known to be threatened or contemplated against the Corporation or the Bank by government authorities.

Item 1A. Risk Factors

There have been no material changes in risk factors from those disclosed under Item 1A, “Risk Factors.” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2012.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information on repurchases by the Corporation of its common stock during the three months ended September 30, 2013 under its 2007 Board approved program.

ISSUER PURCHASES OF EQUITY SECURITIES
Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
July 1 – 31, 2013		—	$	—		—		396,644
August 1 – 31, 2013		—		—		—		396,644
September 1 – 30, 2013		395,000		18.79		395,000		1,644
Total		395,000	$	18.79		395,000

1. Transactions are reported as of trade dates.

2. The number of shares approved for repurchase under the Corporation’s 2007 Board approved share repurchase program was 643,782. The repurchased shares limit was net of normal treasury activity such as purchases to fund the dividend reinvestment, employee stock purchase and equity compensation plans. The 2007 Board approved program is deemed to be satisfied and closed.

3. On October 23, 2013, the Corporation’s Board of Directors approved a new stock repurchase plan for the repurchase of up to 800,000 shares, or approximately 5% of the shares outstanding. The repurchased shares limit is net of normal treasury activity such as purchases to fund the dividend reinvestment, employee stock purchase and equity compensation plans. The program has no scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time.

Item 3. Defaults Upon Senior Securities

None.

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Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits

a. Exhibits

Exhibit 3.1	Amended and Restated Articles of Incorporation are incorporated by reference to Appendix A of Form DEF14A, filed with the Securities and Exchange Commission (the SEC) on March 9, 2006.
Exhibit 3.2	Amended By-Laws dated September 26, 2007 are incorporated by reference to Exhibit 3.2 of Form 8-K, filed with the SEC on September 27, 2007.
Exhibit 4.1	Univest Corporation of Pennsylvania 2013 Long-Term Incentive Plan is incorporated by reference to Appendix A of Form DEF14A, filed with the SEC on March 15, 2013.
Exhibit 4.2	Shareholder Rights Agreement dated September 30, 2011 is incorporated by reference to Exhibit 4.1 of Form 8-K, filed with the SEC on October 6, 2011.
Exhibit 31.1	Certification of William S. Aichele, Chairman and Chief Executive Officer of the Corporation, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit 31.2	Certification of Michael S. Keim, Executive Vice President and Chief Financial Officer, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.1	Certification of William S. Aichele, Chief Executive Officer of the Corporation, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.2	Certification of Michael S. Keim, Chief Financial Officer of the Corporation, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002.
Exhibit 101.INS	XBRL Instance Document
Exhibit 101.SCH	XBRL Taxonomy Extension Schema Document
Exhibit 101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
Exhibit 101.LAB	XBRL Taxonomy Extension Label Linkbase Document
Exhibit 101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
Exhibit 101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

52

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Univest Corporation of Pennsylvania                     (Registrant)
Date: November 8, 2013	/s/ William S. Aichele
	William S. Aichele, Chairman and Chief Executive Officer (Principal Executive Officer)
Date: November 8, 2013	/s/ Michael S. Keim
	Michael S. Keim, Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

53

EX-31.1

Exhibit 31.1

CERTIFICATION

I, William S. Aichele, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Univest Corporation of Pennsylvania;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: November 8, 2013

/s/ William S. Aichele

William S. Aichele

Chairman and Chief Executive Officer

(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Michael S. Keim, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Univest Corporation of Pennsylvania;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: November 8, 2013

/s/ Michael S. Keim

Michael S. Keim

Executive Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Univest Corporation of Pennsylvania on Form 10-Q for the period ended September 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacity and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Corporation.

A signed original of this written statement required by Section 906 has been provided to Univest Corporation of Pennsylvania and will be retained by Univest Corporation of Pennsylvania and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ William S. Aichele

William S. Aichele

Chairman and Chief Executive Officer

(Principal Executive Officer)

November 8, 2013

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Univest Corporation of Pennsylvania on Form 10-Q for the period ended September 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacity and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Corporation.

A signed original of this written statement required by Section 906 has been provided to Univest Corporation of Pennsylvania and will be retained by Univest Corporation of Pennsylvania and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ Michael S. Keim

Michael S. Keim

Executive Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

November 8, 2013

XML

Restructuring Charges - Roll-Forward of Accrued Restructuring Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2013
Restructuring Reserve Disclosures [Line Items]
Restructuring charge	$ (5)	$ 539	$ 534
Severance [Member]
Restructuring Reserve Disclosures [Line Items]
Accrued at January 1, 2013
Restructuring charge		437	437
Payments			(432)
Adjustment of restructuring charge			(5)
Accrued at September 30, 2013

XML

Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 9. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in thousands, except per share data)	2013		2012		2013		2012
Numerator for basic and diluted earnings per share – income available to common shareholders	$	6,039	$	5,770	$	16,267	$	15,796
Denominator for basic earnings per share – weighted-average shares outstanding		16,658		16,760		16,714		16,760
Effect of dilutive securities – employee stock options and awards		84		60		61		49
Denominator for diluted earnings per share – adjusted weighted-average shares outstanding		16,742		16,820		16,775		16,809
Basic earnings per share	$	0.36	$	0.34	$	0.97	$	0.94
Diluted earnings per share	$	0.36	$	0.34	$	0.97	$	0.94
Average anti-dilutive options and awards excluded from computation of diluted earnings per share		470		588		567		579

XML

Mortgage Servicing Rights - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Mortgage Servicing Rights [Line Items]
Aggregate fair value of mortgage servicing rights	$ 7.0	$ 4.2
Minimum [Member]
Mortgage Servicing Rights [Line Items]
Range of fair value of mortgage servicing rights using discount rates	5.10%	5.00%
Maximum [Member]
Mortgage Servicing Rights [Line Items]
Range of fair value of mortgage servicing rights using discount rates	10.00%	10.00%

XML

Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest and fees on loans and leases:
Taxable	$ 15,793	$ 16,332	$ 47,544	$ 49,082
Exempt from federal income taxes	1,215	1,143	3,459	3,565
Total interest and fees on loans and leases	17,008	17,475	51,003	52,647
Interest and dividends on investment securities:
Taxable	1,391	1,354	4,195	4,588
Exempt from federal income taxes	1,033	1,103	3,103	3,310
Other interest income	25	45	106	121
Total interest income	19,457	19,977	58,407	60,666
Interest expense
Interest on deposits	1,119	1,624	3,514	5,131
Interest on short-term borrowings	8	33	40	295
Interest on long-term borrowings	11	301	483	910
Total interest expense	1,138	1,958	4,037	6,336
Net interest income	18,319	18,019	54,370	54,330
Provision for loan and lease losses	4,094	2,210	9,614	7,653
Net interest income after provision for loan and lease losses	14,225	15,809	44,756	46,677
Noninterest income
Trust fee income	1,736	1,625	5,249	4,875
Service charges on deposit accounts	1,149	1,122	3,333	3,301
Investment advisory commission and fee income	1,536	1,350	5,048	3,956
Insurance commission and fee income	2,513	2,129	7,829	6,453
Other service fee income	1,929	1,053	5,454	3,943
Bank owned life insurance income	1,555	463	2,472	2,305
Other-than-temporary impairment on equity securities		(4)		(13)
Net gain on sales of investment securities	1,426	9	2,950	291
Net gain on mortgage banking activities	935	2,171	4,047	4,517
Net gain (loss) on sales and dispositions of fixed assets		1,321	(6)	1,312
Net gain (loss) on sales and write-downs of other real estate owned	198	(621)	450	(1,723)
Loss on termination of interest rate swap			(1,866)
Other	225	243	708	665
Total noninterest income	13,202	10,861	35,668	29,882
Noninterest expense
Salaries and benefits	9,761	8,944	28,980	28,185
Commissions	2,026	1,884	6,529	4,939
Net occupancy	1,472	1,445	4,279	4,241
Equipment	1,225	1,152	3,619	3,297
Marketing and advertising	570	340	1,432	1,243
Deposit insurance premiums	381	406	1,173	1,279
Restructuring charges	(5)		534
Other	4,558	4,887	12,964	13,386
Total noninterest expense	19,988	19,058	59,510	56,570
Income before income taxes	7,439	7,612	20,914	19,989
Income taxes	1,400	1,842	4,647	4,193
Net income	$ 6,039	$ 5,770	$ 16,267	$ 15,796
Net income per share:
Basic	$ 0.36	$ 0.34	$ 0.97	$ 0.94
Diluted	$ 0.36	$ 0.34	$ 0.97	$ 0.94
Dividends declared	$ 0.20	$ 0.20	$ 0.60	$ 0.60

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Acquisition

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Acquisition

Note 2. Acquisition

On May 1, 2013, the Corporation and its insurance subsidiary, Univest Insurance, Inc., completed the acquisition of John T. Fretz Insurance Agency, Inc., a full-service property and casualty insurance agency providing solutions to both personal and commercial clients. The acquisition expands the Corporation’s insurance business and increases its market share in its core market.

The Corporation paid $2.2 million in cash at closing with additional contingent consideration to be paid in annual installments over the three-year period ended April 30, 2016 based on the achievement of certain levels of revenue. At the acquisition date, the Corporation recorded the estimated fair value of the contingent consideration of $454 thousand in other liabilities. The estimated fair value of the contingent consideration liability was calculated using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The potential cash payments that could result from the contingent consideration arrangement range from $0 thousand to a maximum of $930 thousand cumulative over the next three years. The fair value of the contingent consideration liability will be reviewed on a quarterly basis and any valuation adjustments resulting from a change in the discount rate or estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through noninterest expense.

As a result of the John T. Fretz Insurance Agency, Inc. acquisition, the Corporation recorded goodwill of $1.3 million (inclusive of the contingent consideration) and customer related intangibles of $1.3 million. The goodwill is expected to be deductible for tax purposes. The customer related intangibles will be amortized over seven years using the sum-of-the-years-digits amortization method. The acquisition was accounted for in accordance with accounting standards for business combinations.

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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2013

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Estimated Fair Value of Held-to-Maturity Securities and Available-for-Sale Securities by Contractual Maturity

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at September 30, 2013 and December 31, 2012 by contractual maturity within each type:

	At September 30, 2013									At December 31, 2012
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
Corporate bonds:
Within 1 year	$	12,228	$	86	$	—		$	12,314	$	3,026	$	7	$	—		$	3,033
After 1 year to 5 years		56,986		1,040		(261	)		57,765		66,819		1,526		(51	)		68,294
		69,214		1,126		(261	)		70,079		69,845		1,533		(51	)		71,327
Total	$	69,214	$	1,126	$	(261	)	$	70,079	$	69,845	$	1,533	$	(51	)	$	71,327
Securities Available-for-Sale
U.S. treasuries:
After 5 years to 10 years	$	4,965	$	—	$	(192	)	$	4,773	$	4,960	$	—	$	(22	)	$	4,938
		4,965		—		(192	)		4,773		4,960		—		(22	)		4,938
U.S. government corporations and agencies:
Within 1 year		5,999		36		—			6,035		1,517		9		—			1,526
After 1 year to 5 years		148,123		169		(1,157	)		147,135		148,120		1,509		(70	)		149,559
After 5 years to 10 years		10,850		—		(471	)		10,379		20,953		109		(5	)		21,057
		164,972		205		(1,628	)		163,549		170,590		1,627		(75	)		172,142
State and political subdivisions:
Within 1 year		3,825		14		—			3,839		4,607		75		—			4,682
After 1 year to 5 years		4,603		29		(35	)		4,597		4,130		88		(19	)		4,199
After 5 years to 10 years		41,545		720		(530	)		41,735		36,499		1,245		(7	)		37,737
Over 10 years		65,746		1,788		(311	)		67,223		70,495		5,055		—			75,550
		115,719		2,551		(876	)		117,394		115,731		6,463		(26	)		122,168
Residential mortgage-backed securities:
After 5 years to 10 years		18,365		307		(55	)		18,617		20,140		777		—			20,917
Over 10 years		35,075		375		—			35,450		66,962		2,861		—			69,823
		53,440		682		(55	)		54,067		87,102		3,638		—			90,740
Collateralized mortgage obligations:
After 1 year to 5 years		109		1		—			110		41		—		—			41
After 5 years to 10 years		—		—		—			—		626		7		—			633
Over 10 years		9,462		111		(163	)		9,410		25,698		645		(5	)		26,338
		9,571		112		(163	)		9,520		26,365		652		(5	)		27,012
Corporate bonds:
After 1 year to 5 years		10,819		35		(131	)		10,723		4,993		21		—			5,014
After 5 years to 10 years		22,833		8		(1,156	)		21,685		—		—		—			—
		33,652		43		(1,287	)		32,408		4,993		21		—			5,014
Money market mutual funds:
Within 1 year		9,639		—		—			9,639		4,878		—		—			4,878
		9,639		—		—			9,639		4,878		—		—			4,878
Equity securities:
No stated maturity		1,678		357		(26	)		2,009		2,279		696		(133	)		2,842
		1,678		357		(26	)		2,009		2,279		696		(133	)		2,842
Total	$	393,636	$	3,950	$	(4,227	)	$	393,359	$	416,898	$	13,097	$	(261	)	$	429,734

Information Related to Sales of Securities Available-for-Sale

The following table presents information related to sales of securities available-for-sale during the nine months ended September 30, 2013 and 2012:

	Nine Months Ended September 30,
(Dollars in thousands)	2013		2012
Securities available-for-sale:
Proceeds from sales	$	58,148	$	57,162
Gross realized gains on sales		2,957		1,187
Gross realized losses on sales		7		896
Tax expense related to net realized gains on sales		1,033		102

Amount of Securities in Unrealized Loss Position

The following table shows the fair value of securities that were in an unrealized loss position at September 30, 2013 and December 31, 2012 by the length of time those securities were in a continuous loss position:

	At September 30, 2013
	Less than Twelve Months					Twelve Months or Longer				Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. treasuries	$	4,773	$	(192	)	$	—	$	—	$	4,773	$	(192	)
U.S. government corporations and agencies		107,154		(1,628	)		—		—		107,154		(1,628	)
State and political subdivisions		26,790		(876	)		—		—		26,790		(876	)
Residential mortgage-backed securities		5,093		(55	)		—		—		5,093		(55	)
Collateralized mortgage obligations		4,334		(163	)		—		—		4,334		(163	)
Corporate bonds		45,866		(1,548	)		—		—		45,866		(1,548	)
Equity securities		1,054		(26	)		—		—		1,054		(26	)
Total	$	195,064	$	(4,488	)	$	—	$	—	$	195,064	$	(4,488	)

	At December 31, 2012
	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
U.S. treasuries	$	4,938	$	(22	)	$	—	$	—		$	4,938	$	(22	)
U.S. government corporations and agencies		36,793		(75	)		—		—			36,793		(75	)
State and political subdivisions		4,574		(14	)		480		(12	)		5,054		(26	)
Collateralized mortgage obligations		5,006		(5	)		—		—			5,006		(5	)
Corporate bonds		10,410		(51	)		—		—			10,410		(51	)
Equity securities		976		(133	)		—		—			976		(133	)
Total	$	62,697	$	(300	)	$	480	$	(12	)	$	63,177	$	(312	)

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Derivative Instruments and Hedging Activities - Income for Derivatives Not Designated as Hedging Instruments (Detail) (Not designated as hedging instrument [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Income for derivatives not designated as hedging instruments	$ (220)	$ 777	$ (1,005)	$ 1,614
Net Gain (Loss) on Mortgage Banking Activities [Member] | Interest Rate Locks with Customers [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Income for derivatives not designated as hedging instruments	913	1,394	(698)	2,341
Net Gain (Loss) on Mortgage Banking Activities [Member] | Forward Loan Sale Commitments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Income for derivatives not designated as hedging instruments	$ (1,133)	$ (617)	$ (307)	$ (727)

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Mortgage Servicing Rights - Estimated Amortization Expense of Mortgage Servicing Rights (Detail) (Mortgage servicing rights [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2013
Mortgage servicing rights [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of 2013	$ 218
2014	801
2015	700
2016	602
2017	510
Thereafter	$ 2,653

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Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Note 10. Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized Gains on Available-for-Sale Investment Securities			Net Change Related to Derivative Used for Cash Flow Hedge			Net Change Related to Defined Benefit Pension Plan			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2012	$	8,344		$	(1,241	)	$	(14,023	)	$	(6,920	)
Net Change		(8,524	)		1,241			500			(6,783	)
Balance, September 30, 2013	$	(180	)	$	—		$	(13,523	)	$	(13,703	)
Balance, December 31, 2011	$	7,306		$	(932	)	$	(12,475	)	$	(6,101	)
Net Change		1,909			(391	)		448			1,966
Balance, September 30, 2012	$	9,215		$	(1,323	)	$	(12,027	)	$	(4,135	)

The following table illustrates the amounts reclassified out of each component of accumulated comprehensive (loss) income for the three and nine months ended September 30, 2013 and 2012:

Details about Accumulated Other Comprehensive (Loss) Income Components	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income												Affected Line Item in the Statement of Income
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Net unrealized holding gains (losses) on available-for-sale investment securities	$	1,426		$	9		$	2,950		$	291		Net gain on sales of investment securities
		—			(4	)		—			(13	)	Other-than-temporary impairment on equity securities
		1,426			5			2,950			278		Total before tax
		(499	)		(1	)		(1,032	)		(97	)	Tax expense
	$	927		$	4		$	1,918		$	181		Net of tax
Cash flow hedge derivative:
	$	—		$	—		$	(1,866	)	$	—		Net loss on interest rate swap
		—			—			(1,866	)		—		Total before tax
		—			—			653			—		Tax benefit
	$	—		$	—		$	(1,213	)	$	—		Net of tax
Defined benefit pension plans:
Amortization of net loss included in net periodic pension costs*	$	(320	)	$	(293	)	$	(961	)	$	(882	)
Accretion of prior service cost included in net periodic pension costs*		64			64			191			192
		(256	)		(229	)		(770	)		(690	)	Total before tax
		90			81			270			242		Tax benefit
	$	(166	)	$	(148	)	$	(500	)	$	(448	)	Net of tax

* These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. (See Note 7—Retirement Plans and Other Postretirement Benefits for additional details.)

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Loans and Leases - Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 44,651	$ 43,517	$ 43,556	$ 42,847
Interest Income Recognized	228	126	604	301
Interest Income That Would Have Been Recognized Under Original Terms	417	525	1,293	1,595
Loans Held For Sale [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment		650		260
Commercial, financial and agricultural [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	5,971	5,474	3,985	5,542
Interest Income Recognized	29	23	45	56
Interest Income That Would Have Been Recognized Under Original Terms	70	71	132	223
Real estate-commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	22,789	20,525	23,138	20,417
Interest Income Recognized	171	69	473	156
Interest Income That Would Have Been Recognized Under Original Terms	150	257	566	783
Real estate-construction [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	14,544	16,324	15,291	16,238
Interest Income Recognized	25	33	81	85
Interest Income That Would Have Been Recognized Under Original Terms	184	190	553	575
Real estate-residential secured for business purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	585	176	341	150
Interest Income Recognized	2		2
Interest Income That Would Have Been Recognized Under Original Terms	2	2	7	5
Real estate-residential secured for personal purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	725	320	758	188
Interest Income Recognized
Interest Income That Would Have Been Recognized Under Original Terms	11	5	35	9
Real estate-home equity secured for personal purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment			2	3
Interest Income Recognized
Interest Income That Would Have Been Recognized Under Original Terms
Loans to individuals [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	37	48	41	49
Interest Income Recognized	1	1	3	4
Interest Income That Would Have Been Recognized Under Original Terms

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Income Taxes - Additional Information (Detail) (USD $)			9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013 Minimum [Member]	Sep. 30, 2013 Maximum [Member]
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 0	$ 0
Accrued interest or penalties	$ 0	$ 0
Open tax years			2010	2012

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Loans and Leases - Summary of Major Loan and Lease Categories (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012		Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	$ 1,526,241	$ 1,481,862	[1]	$ 1,469,511
Unearned lease income	(14,192)	(12,355)
Net deferred costs (fees)	2,523	1,432
Overdraft deposits	156	128
Commercial, financial and agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	430,818	468,421		476,125
Real estate-commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	606,030	530,122
Real estate-construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	74,847	91,250
Real estate-residential secured for business purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	35,673	35,179		32,820
Real estate-residential secured for personal purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	143,374	146,526
Real estate-home equity secured for personal purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	90,527	82,727
Loans to individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	42,211	43,780		42,626
Lease financings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases held for investment, net of deferred income	$ 102,761	$ 83,857		$ 76,562

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Retirement Plans and Other Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2013

Compensation And Retirement Disclosure [Abstract]

Components of Net Periodic Benefit Cost

Components of net periodic benefit cost were as follows:

	Three Months Ended September 30,
	2013			2012			2013			2012
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	155		$	156		$	23		$	21
Interest cost		427			431			30			29
Expected return on plan assets		(630	)		(564	)		—			—
Amortization of net loss		314			287			6			6
Accretion of prior service cost		(58	)		(58	)		(6	)		(6	)
Net periodic benefit cost	$	208		$	252		$	53		$	50

	Nine Months Ended September 30,
	2013			2012			2013			2012
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	466		$	469		$	69		$	62
Interest cost		1,284			1,294			86			88
Expected return on plan assets		(1,894	)		(1,692	)		—			—
Amortization of net loss		943			865			18			17
Accretion of prior service cost		(176	)		(176	)		(15	)		(16	)
Net periodic benefit cost	$	623		$	760		$	158		$	151

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Mortgage Servicing Rights (Tables) (Mortgage servicing rights [Member])

9 Months Ended

Sep. 30, 2013

Mortgage servicing rights [Member]

Changes in Mortgage Servicing Rights

Changes in the mortgage servicing rights balance are summarized as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Beginning of period	$	5,227		$	3,276		$	4,152		$	2,739
Servicing rights capitalized		544			741			2,183			1,777
Amortization of servicing rights		(287	)		(463	)		(1,099	)		(1,147	)
Changes in valuation allowance		—			(372	)		248			(187	)
End of period	$	5,484		$	3,182		$	5,484		$	3,182
Mortgage loans serviced for others	$	736,017		$	540,735		$	736,017		$	540,735

Activity in Valuation Allowance for Mortgage Servicing Rights

Activity in the valuation allowance for mortgage servicing rights was as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Valuation allowance, beginning of period	$	(249	)	$	(608	)	$	(497	)	$	(793	)
Additions		—			(372	)		—			(187	)
Reductions		—			—			248			—
Direct write-downs		—			—			—			—
Valuation allowance, end of period	$	(249	)	$	(980	)	$	(249	)	$	(980	)

Estimated Amortization Expense of Mortgage Servicing Rights

The estimated amortization expense of mortgage servicing rights for the remainder of 2013 and the succeeding fiscal years is as follows:

Year (Dollars in thousands)	Amount
Remainder of 2013	$	218
2014		801
2015		700
2016		602
2017		510
Thereafter		2,653

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Loans and Leases - Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012		Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$ 3,096				$ 690
Ending balance: collectively evaluated for impairment	21,739				26,406
Total ending balance	24,835	24,718	24,746	[1]	27,096	30,502	29,870
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	66,804				40,754
Ending balance: collectively evaluated for impairment	1,459,437				1,428,757
Total ending balance	1,526,241		1,481,862	[1]	1,469,511
Commercial, financial and agricultural [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	2,210				428
Ending balance: collectively evaluated for impairment	8,306				10,827
Total ending balance	10,516	11,395	11,594		11,255	12,021	11,262
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	14,029				4,232
Ending balance: collectively evaluated for impairment	416,789				471,893
Total ending balance	430,818		468,421		476,125
Real Estate-Commercial and Construction [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	111				262
Ending balance: collectively evaluated for impairment	8,309				9,977
Total ending balance	8,420	8,662	7,507		10,239	12,316	13,317
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	50,242				35,976
Ending balance: collectively evaluated for impairment	630,635				575,012
Total ending balance	680,877				610,988
Real estate-residential secured for business purpose [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	775
Ending balance: collectively evaluated for impairment	456				684
Total ending balance	1,231	586	639		684	834	823
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	1,776				175
Ending balance: collectively evaluated for impairment	33,897				32,645
Total ending balance	35,673		35,179		32,820
Real Estate-Residential and Home Equity Secured for Personal Purpose [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	1,202				946
Total ending balance	1,202	1,084	980		946	884	735
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	720				323
Ending balance: collectively evaluated for impairment	233,181				230,067
Total ending balance	233,901				230,390
Loans to individuals [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	706				606
Total ending balance	706	693	679		606	719	730
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	37				48
Ending balance: collectively evaluated for impairment	42,174				42,578
Total ending balance	42,211		43,780		42,626
Lease financings [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	1,268				1,184
Total ending balance	1,268	1,212	1,326		1,184	1,161	1,344
Loans and leases held for investment:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	102,761				76,562
Total ending balance	102,761		83,857		76,562
Unallocated [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	1,492				2,182
Total ending balance	$ 1,492	$ 1,086	$ 2,021		$ 2,182	$ 2,567	$ 1,659

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Investment Securities - Amortized Cost and Estimated Fair Value of Held-to-Maturity Securities and Available-for-Sale Securities by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Held-to-Maturity, Fair Value	$ 70,079	$ 71,327	[1]
Total Amortized Cost	393,636	416,898
Total Gross Unrealized Gains	3,950	13,097
Total Gross Unrealized Losses	(4,227)	(261)
Total Fair Value	393,359	429,734	[1]
Corporate bonds [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Held-to-Maturity, Amortized Cost Within 1 year	12,228	3,026
Held-to-Maturity, Gross Unrealized Gains Within 1 year	86	7
Held-to-Maturity, Gross Unrealized Losses Within 1 year
Held-to-Maturity, Fair Value Within 1 year	12,314	3,033
Held-to-Maturity After 1 year to 5 years, Amortized Cost	56,986	66,819
Held-to-Maturity After 1 year to 5 years, Gross Unrealized Gains	1,040	1,526
Held-to-Maturity After 1 year to 5 years, Gross Unrealized Losses	(261)	(51)
Held-to-Maturity After 1 year to 5 years, Fair Value	57,765	68,294
Held-to-Maturity, Amortized Cost	69,214	69,845
Held-to-Maturity, Gross Unrealized Gains	1,126	1,533
Held-to-Maturity, Gross Unrealized Losses	(261)	(51)
Held-to-Maturity, Fair Value	70,079	71,327
Available-for-Sale Securities, Amortized Cost After 1 year to 5 years	10,819	4,993
Available-for-Sale Securities, Gross Unrealized Gains After 1 year to 5 years	35	21
Available-for-Sale Securities, Gross Unrealized Losses After 1 year to 5 years	(131)
Available-for-Sale Securities, Fair Value After 1 year to 5 years	10,723	5,014
Available-for-Sale Securities, Amortized Cost After 5 years to 10 years	22,833
Available-for-Sale Securities, Gross Unrealized Gains After 5 years to 10 years	8
Available-for-Sale Securities, Gross Unrealized Losses After 5 years to 10 years	(1,156)
Available-for-Sale Securities, Fair Value After 5 years to 10 years	21,685
Total Amortized Cost	33,652	4,993
Total Gross Unrealized Gains	43	21
Total Gross Unrealized Losses	(1,287)
Available-for-Sale Securities, Debt Total Fair Value	32,408	5,014
U.S. treasuries [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Available-for-Sale Securities, Amortized Cost After 5 years to 10 years	4,965	4,960
Available-for-Sale Securities, Gross Unrealized Gains After 5 years to 10 years
Available-for-Sale Securities, Gross Unrealized Losses After 5 years to 10 years	(192)	(22)
Available-for-Sale Securities, Fair Value After 5 years to 10 years	4,773	4,938
Total Amortized Cost	4,965	4,960
Total Gross Unrealized Gains
Total Gross Unrealized Losses	(192)	(22)
Available-for-Sale Securities, Debt Total Fair Value	4,773	4,938
U.S. government corporations and agencies [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Available-for-Sale Securities, Amortized Cost Within 1 year	5,999	1,517
Available-for-Sale Securities, Gross Unrealized Gains Within 1 year	36	9
Available-for-Sale Securities, Gross Unrealized Losses Within 1 year
Available-for-Sale Securities, Fair Value Within 1 year	6,035	1,526
Available-for-Sale Securities, Amortized Cost After 1 year to 5 years	148,123	148,120
Available-for-Sale Securities, Gross Unrealized Gains After 1 year to 5 years	169	1,509
Available-for-Sale Securities, Gross Unrealized Losses After 1 year to 5 years	(1,157)	(70)
Available-for-Sale Securities, Fair Value After 1 year to 5 years	147,135	149,559
Available-for-Sale Securities, Amortized Cost After 5 years to 10 years	10,850	20,953
Available-for-Sale Securities, Gross Unrealized Gains After 5 years to 10 years		109
Available-for-Sale Securities, Gross Unrealized Losses After 5 years to 10 years	(471)	(5)
Available-for-Sale Securities, Fair Value After 5 years to 10 years	10,379	21,057
Total Amortized Cost	164,972	170,590
Total Gross Unrealized Gains	205	1,627
Total Gross Unrealized Losses	(1,628)	(75)
Available-for-Sale Securities, Debt Total Fair Value	163,549	172,142
State and political subdivisions [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Available-for-Sale Securities, Amortized Cost Within 1 year	3,825	4,607
Available-for-Sale Securities, Gross Unrealized Gains Within 1 year	14	75
Available-for-Sale Securities, Gross Unrealized Losses Within 1 year
Available-for-Sale Securities, Fair Value Within 1 year	3,839	4,682
Available-for-Sale Securities, Amortized Cost After 1 year to 5 years	4,603	4,130
Available-for-Sale Securities, Gross Unrealized Gains After 1 year to 5 years	29	88
Available-for-Sale Securities, Gross Unrealized Losses After 1 year to 5 years	(35)	(19)
Available-for-Sale Securities, Fair Value After 1 year to 5 years	4,597	4,199
Available-for-Sale Securities, Amortized Cost After 5 years to 10 years	41,545	36,499
Available-for-Sale Securities, Gross Unrealized Gains After 5 years to 10 years	720	1,245
Available-for-Sale Securities, Gross Unrealized Losses After 5 years to 10 years	(530)	(7)
Available-for-Sale Securities, Fair Value After 5 years to 10 years	41,735	37,737
Available-for-Sale Securities, Amortized Cost Over 10 years	65,746	70,495
Available-for-Sale Securities, Gross Unrealized Gains Over 10 years	1,788	5,055
Available-for-Sale Securities, Gross Unrealized Losses Over 10 years	(311)
Available-for-Sale Securities, Fair Value Over 10 years	67,223	75,550
Total Amortized Cost	115,719	115,731
Total Gross Unrealized Gains	2,551	6,463
Total Gross Unrealized Losses	(876)	(26)
Available-for-Sale Securities, Debt Total Fair Value	117,394	122,168
Residential mortgage-backed securities [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Available-for-Sale Securities, Amortized Cost After 5 years to 10 years	18,365	20,140
Available-for-Sale Securities, Gross Unrealized Gains After 5 years to 10 years	307	777
Available-for-Sale Securities, Gross Unrealized Losses After 5 years to 10 years	(55)
Available-for-Sale Securities, Fair Value After 5 years to 10 years	18,617	20,917
Available-for-Sale Securities, Amortized Cost Over 10 years	35,075	66,962
Available-for-Sale Securities, Gross Unrealized Gains Over 10 years	375	2,861
Available-for-Sale Securities, Gross Unrealized Losses Over 10 years
Available-for-Sale Securities, Fair Value Over 10 years	35,450	69,823
Total Amortized Cost	53,440	87,102
Total Gross Unrealized Gains	682	3,638
Total Gross Unrealized Losses	(55)
Available-for-Sale Securities, Debt Total Fair Value	54,067	90,740
Collateralized mortgage obligations [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Available-for-Sale Securities, Amortized Cost After 1 year to 5 years	109	41
Available-for-Sale Securities, Gross Unrealized Gains After 1 year to 5 years	1
Available-for-Sale Securities, Gross Unrealized Losses After 1 year to 5 years
Available-for-Sale Securities, Fair Value After 1 year to 5 years	110	41
Available-for-Sale Securities, Amortized Cost After 5 years to 10 years		626
Available-for-Sale Securities, Gross Unrealized Gains After 5 years to 10 years		7
Available-for-Sale Securities, Gross Unrealized Losses After 5 years to 10 years
Available-for-Sale Securities, Fair Value After 5 years to 10 years		633
Available-for-Sale Securities, Amortized Cost Over 10 years	9,462	25,698
Available-for-Sale Securities, Gross Unrealized Gains Over 10 years	111	645
Available-for-Sale Securities, Gross Unrealized Losses Over 10 years	(163)	(5)
Available-for-Sale Securities, Fair Value Over 10 years	9,410	26,338
Total Amortized Cost	9,571	26,365
Total Gross Unrealized Gains	112	652
Total Gross Unrealized Losses	(163)	(5)
Available-for-Sale Securities, Debt Total Fair Value	9,520	27,012
Money market mutual funds [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Available-for-Sale Securities, Amortized Cost Within 1 year	9,639	4,878
Available-for-Sale Securities, Gross Unrealized Gains Within 1 year
Available-for-Sale Securities, Gross Unrealized Losses Within 1 year
Available-for-Sale Securities, Fair Value Within 1 year	9,639	4,878
Total Amortized Cost	9,639	4,878
Total Gross Unrealized Gains
Total Gross Unrealized Losses
Available-for-Sale Securities, Debt Total Fair Value	9,639	4,878
Equity securities [Member]
Schedule of Available for Sale and Held To Maturity Securities [Line Items]
Available-for-Sale Securities Equity, No stated maturity Amortized Cost	1,678	2,279
Available-for-Sale Securities Equity, No stated maturity Gross Unrealized Gains	357	696
Available For Sale Securities Equity No stated maturity Gross Unrealized Losses	(26)	(133)
Available-for-Sale Securities Equity, No stated maturity Fair Value	2,009	2,842
Available-for-Sale Securities Equity, Total Amortized Cost	1,678	2,279
Available-for-Sale Securities Equity, Total Gross Unrealized Gains	357	696
Available-for-Sale Securities Equity, Total Gross Unrealized Losses	(26)	(133)
Available-for-Sale Securities, Equity Total Fair Value	$ 2,009	$ 2,842

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Loans and Leases - Age Analysis of Past Due Loans and Leases (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012		Sep. 30, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 8,782	$ 14,266
60-89 Days Past Due	4,416	1,024
Greater Than 90 Days Past Due	17,660	20,728
Total Past Due	30,858	36,018
Current	1,495,383	1,445,844
Total ending balance	1,526,241	1,481,862	[1]	1,469,511
Recorded Investment Greater than 90 Days Past Due and Accruing Interest	1,954	441
Commercial, financial and agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	4,169	586
60-89 Days Past Due	972	313
Greater Than 90 Days Past Due	1,047	754
Total Past Due	6,188	1,653
Current	424,630	466,768
Total ending balance	430,818	468,421		476,125
Recorded Investment Greater than 90 Days Past Due and Accruing Interest	300
Real estate-commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	651	8,266
60-89 Days Past Due	1,364
Greater Than 90 Days Past Due	6,405	5,894
Total Past Due	8,420	14,160
Current	597,610	515,962
Total ending balance	606,030	530,122
Recorded Investment Greater than 90 Days Past Due and Accruing Interest	641
Real estate-construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due		306
60-89 Days Past Due
Greater Than 90 Days Past Due	8,742	13,150
Total Past Due	8,742	13,456
Current	66,105	77,794
Total ending balance	74,847	91,250
Recorded Investment Greater than 90 Days Past Due and Accruing Interest
Real estate-residential secured for business purpose [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	411	1,663
60-89 Days Past Due	180	69
Greater Than 90 Days Past Due	226	103
Total Past Due	817	1,835
Current	34,856	33,344
Total ending balance	35,673	35,179		32,820
Recorded Investment Greater than 90 Days Past Due and Accruing Interest
Real estate-residential secured for personal purpose [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	1,122	1,617
60-89 Days Past Due	197	152
Greater Than 90 Days Past Due	619
Total Past Due	1,938	1,769
Current	141,436	144,757
Total ending balance	143,374	146,526
Recorded Investment Greater than 90 Days Past Due and Accruing Interest	619
Real estate-home equity secured for personal purpose [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	341	276
60-89 Days Past Due	76	64
Greater Than 90 Days Past Due	51	54
Total Past Due	468	394
Current	90,059	82,333
Total ending balance	90,527	82,727
Recorded Investment Greater than 90 Days Past Due and Accruing Interest	51	54
Loans to individuals [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	496	551
60-89 Days Past Due	255	153
Greater Than 90 Days Past Due	299	347
Total Past Due	1,050	1,051
Current	41,161	42,729
Total ending balance	42,211	43,780		42,626
Recorded Investment Greater than 90 Days Past Due and Accruing Interest	299	347
Lease financings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	1,592	1,001
60-89 Days Past Due	1,372	273
Greater Than 90 Days Past Due	271	426
Total Past Due	3,235	1,700
Current	99,526	82,157
Total ending balance	102,761	83,857		76,562
Recorded Investment Greater than 90 Days Past Due and Accruing Interest	$ 44	$ 40

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Loans and Leases - Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Receivables [Abstract]
Interest income recognized on a cash basis for nonaccrual loans	$ 0	$ 0	$ 6	$ 8
Interest income recognized on accrual method for accruing impaired loans	$ 228	$ 126	$ 598	$ 293

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Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the assets and liabilities measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012, classified using the fair value hierarchy:

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,773	$	—	$	—	$	4,773
U.S. government corporations and agencies		—		163,549		—		163,549
State and political subdivisions		—		117,394		—		117,394
Residential mortgage-backed securities		—		54,067		—		54,067
Collateralized mortgage obligations		—		9,520		—		9,520
Corporate bonds		—		32,408		—		32,408
Money market mutual funds		9,639		—		—		9,639
Equity securities		2,009		—		—		2,009
Total available-for-sale securities		16,421		376,938		—		393,359
Interest rate locks with customers		—		849		—		849
Total assets	$	16,421	$	377,787	$	—	$	394,208
Liabilities:
Forward loan sale commitments	$	—	$	361	$	—	$	361
Contingent consideration liability		—		—		483		483
Total liabilities	$	—	$	361	$	483	$	844

	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

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2013 and 2012:

	Nine Months Ended September 30, 2013
(Dollars in thousands)	Balance at December 31, 2012		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration			Balance at September 30, 2013
Javers Group	$	903	$	—	$	—	$	(903	)	$	—
John T. Fretz Insurance Agency, Inc.		—		454		—		29			483
Total contingent consideration liability	$	903	$	454	$	—	$	(874	)	$	483

	Nine Months Ended September 30, 2012
(Dollars in thousands)	Balance at December 31, 2011		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at September 30, 2012
Javers Group	$	—	$	842	$	—	$	34	$	876
Total contingent consideration liability	$	—	$	842	$	—	$	34	$	876

Assets Measured at Fair Value on Non-Recurring Basis

The following table represents assets measured at fair value on a non-recurring basis at September 30, 2013 and December 31, 2012:

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	63,708	$	63,708
Total	$	—	$	—	$	63,708	$	63,708

	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 September 30, 2013, fair value was greater than cost.

Assets, Liabilities and Off-Balance Sheet Items Not Measured at Fair Value

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at September 30, 2013 and December 31, 2012. The disclosed fair values are classified using the fair value hierarchy.

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	79,458	$	—		$	—	$	79,458		$	79,458
Held-to-maturity securities		—		70,079			—		70,079			69,214
Loans held for sale		—		3,574			—		3,574			3,489
Net loans and leases held for investment		—		—			1,457,592		1,457,592			1,437,698
Mortgage servicing rights		—		7,029			—		7,029			5,484
Other real estate owned		—		1,650			—		1,650			1,650
Total assets	$	79,458	$	82,332		$	1,457,592	$	1,619,382		$	1,596,993
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,599,264	$	—		$	—	$	1,599,264		$	1,599,264
Time deposits		—		288,271			—		288,271			289,782
Total deposits		1,599,264		288,271			—		1,887,535			1,889,046
Short-term borrowings		—		44,841			—		44,841			46,733
Total liabilities	$	1,599,264	$	333,112		$	—	$	1,932,376		$	1,935,779
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,342	)	$	—	$	(1,342	)	$	—

	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		—		—			1,433,990		1,433,990			1,412,140
Total assets	$	146,112	$	75,980		$	1,433,990	$	1,656,082		$	1,632,627
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	)	$	—

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Derivative Instruments and Hedging Activities - Additional Information (Detail) (Interest Rate Swap [Member], USD $) In Millions, unless otherwise specified	1 Months Ended
	Dec. 23, 2008
Derivative [Line Items]
Notional amount of cash flow hedge instruments	$ 20.0
Cash Flow Hedge [Member]
Derivative [Line Items]
Fixed interest rate paid on cash flow hedge	2.65%
Derivative, maturity date	Jan. 07, 2019
Variable interest rate received on cash flow hedge	Three-month LIBOR

XML

Fair Value Disclosures - Contingent Consideration Liability Change in Amount (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Business Acquisition, Contingent Consideration [Line Items]
Beginning Balance	$ 903
Contingent Consideration from New Acquisition	454	842
Payment of Contingent Consideration
Adjustment of Contingent Consideration	(874)	34
Ending Balance	483	876
Javers Group [Member]
Business Acquisition, Contingent Consideration [Line Items]
Beginning Balance	903
Contingent Consideration from New Acquisition		842
Payment of Contingent Consideration
Adjustment of Contingent Consideration	(903)	34
Ending Balance		876
John T. Fretz Insurance Agency, Inc. [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Consideration from New Acquisition	454
Adjustment of Contingent Consideration	29
Ending Balance	$ 483

XML

Accumulated Other Comprehensive (Loss) Income - Amounts Reclassified Out of Each Component of Accumulated Comprehensive (Loss) Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gain on sales of investment securities	$ 1,426	$ 9	$ 2,950	$ 291
Amortization of net loss included in net periodic pension costs	320	293	961	882
Other-than-temporary impairment on equity securities		(4)		(13)
Accretion of prior service cost included in net periodic pension costs	(64)	(64)	(191)	(192)
Income before income taxes	7,439	7,612	20,914	19,989
Tax expense (benefit)	(1,400)	(1,842)	(4,647)	(4,193)
Net of tax	6,039	5,770	16,267	15,796
Amount Reclassified from Accumulated Other Comprehensive (Loss) Income [Member] | Net Unrealized Holding Gains (Losses) on Available-for-Sale Investment Securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gain on sales of investment securities	1,426	9	2,950	291
Other-than-temporary impairment on equity securities		(4)		(13)
Income before income taxes	1,426	5	2,950	278
Tax expense (benefit)	(499)	(1)	(1,032)	(97)
Net of tax	927	4	1,918	181
Amount Reclassified from Accumulated Other Comprehensive (Loss) Income [Member] | Net Change Related to Derivative Used for Cash Flow Hedge [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net loss on interest rate swap			(1,866)
Income before income taxes			(1,866)
Tax expense (benefit)			653
Net of tax			(1,213)
Amount Reclassified from Accumulated Other Comprehensive (Loss) Income [Member] | Net Change Related to Defined Benefit Pension Plan [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of net loss included in net periodic pension costs	(320)	(293)	(961)	(882)
Accretion of prior service cost included in net periodic pension costs	64	64	191	192
Income before income taxes	(256)	(229)	(770)	(690)
Tax expense (benefit)	90	81	270	242
Net of tax	$ (166)	$ (148)	$ (500)	$ (448)

XML

Loans and Leases - Credit Quality Indicators (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012		Sep. 30, 2012
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	$ 1,526,241	$ 1,481,862	[1]	$ 1,469,511
Grade:1. Cash secured/2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	8,079	2,263
Grade:3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	18,941	18,725
Grade:4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	52,424	68,702
Grade:5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	682,798	630,331
Grade:6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	246,211	267,560
Grade:7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	39,985	48,848
Grade:8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	98,517	87,550
Grade:9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	413	993
Grade:10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	1,147,368	1,124,972
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	376,876	355,202
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	1,997	1,688
Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	378,873	356,890
Commercial, financial and agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	430,818	468,421		476,125
Commercial, financial and agricultural [Member] | Grade:1. Cash secured/2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	4,498	2,263
Commercial, financial and agricultural [Member] | Grade:3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	5,534	5,227
Commercial, financial and agricultural [Member] | Grade:4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	33,136	40,747
Commercial, financial and agricultural [Member] | Grade:5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	246,455	260,042
Commercial, financial and agricultural [Member] | Grade:6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	98,524	106,436
Commercial, financial and agricultural [Member] | Grade:7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	15,897	31,825
Commercial, financial and agricultural [Member] | Grade:8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	26,410	21,881
Commercial, financial and agricultural [Member] | Grade:9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	364
Commercial, financial and agricultural [Member] | Grade:10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Commercial, financial and agricultural [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	430,818	468,421
Real estate-commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	606,030	530,122
Real estate-commercial real estate [Member] | Grade:1. Cash secured/2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	2,031
Real estate-commercial real estate [Member] | Grade:3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	9,119	9,591
Real estate-commercial real estate [Member] | Grade:4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	17,579	25,837
Real estate-commercial real estate [Member] | Grade:5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	376,724	321,194
Real estate-commercial real estate [Member] | Grade:6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	121,054	110,476
Real estate-commercial real estate [Member] | Grade:7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	22,169	16,187
Real estate-commercial real estate [Member] | Grade:8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	57,305	45,844
Real estate-commercial real estate [Member] | Grade:9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	49	993
Real estate-commercial real estate [Member] | Grade:10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Real estate-commercial real estate [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	606,030	530,122
Real estate-construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	74,847	91,250
Real estate-construction [Member] | Grade:1. Cash secured/2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	1,550
Real estate-construction [Member] | Grade:3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	4,288	3,907
Real estate-construction [Member] | Grade:4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	1,602	1,783
Real estate-construction [Member] | Grade:5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	33,898	26,331
Real estate-construction [Member] | Grade:6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	21,282	42,190
Real estate-construction [Member] | Grade:7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment		548
Real estate-construction [Member] | Grade:8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	12,227	16,491
Real estate-construction [Member] | Grade:9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Real estate-construction [Member] | Grade:10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Real estate-construction [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	74,847	91,250
Real estate-residential secured for business purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	35,673	35,179		32,820
Real estate-residential secured for business purpose [Member] | Grade:1. Cash secured/2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Real estate-residential secured for business purpose [Member] | Grade:3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Real estate-residential secured for business purpose [Member] | Grade:4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	107	335
Real estate-residential secured for business purpose [Member] | Grade:5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	25,721	22,764
Real estate-residential secured for business purpose [Member] | Grade:6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	5,351	8,458
Real estate-residential secured for business purpose [Member] | Grade:7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	1,919	288
Real estate-residential secured for business purpose [Member] | Grade:8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	2,575	3,334
Real estate-residential secured for business purpose [Member] | Grade:9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Real estate-residential secured for business purpose [Member] | Grade:10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment
Real estate-residential secured for business purpose [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	35,673	35,179
Real estate-residential secured for personal purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	143,374	146,526
Real estate-residential secured for personal purpose [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	142,035	145,722
Real estate-residential secured for personal purpose [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	1,339	804
Real estate-residential secured for personal purpose [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	143,374	146,526
Real estate-home equity secured for personal purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	90,527	82,727
Real estate-home equity secured for personal purpose [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	90,476	82,673
Real estate-home equity secured for personal purpose [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	51	54
Real estate-home equity secured for personal purpose [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	90,527	82,727
Loans to individuals [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	42,211	43,780		42,626
Loans to individuals [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	41,875	43,395
Loans to individuals [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	336	385
Loans to individuals [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	42,211	43,780
Lease financings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	102,761	83,857		76,562
Lease financings [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	102,490	83,412
Lease financings [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	271	445
Lease financings [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases held for investment	$ 102,761	$ 83,857

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

XML

Derivative Instruments and Hedging Activities - Amounts Included in Accumulated Other Comprehensive (Loss) Income for Derivatives Designated as Hedging Instruments (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net [Line Items]
Accumulated other comprehensive (loss) income, fair value, net of taxes		$ (1,241)
Interest Rate Swap [Member] | Cash Flow Hedge [Member]
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net [Line Items]
Accumulated other comprehensive (loss) income, fair value, net of taxes		$ (1,241)

XML

Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Summary of Major Loan and Lease Categories

Summary of Major Loan and Lease Categories

(Dollars in thousands)	At September 30, 2013			At December 31, 2012
Commercial, financial and agricultural	$	430,818		$	468,421
Real estate-commercial		606,030			530,122
Real estate-construction		74,847			91,250
Real estate-residential secured for business purpose		35,673			35,179
Real estate-residential secured for personal purpose		143,374			146,526
Real estate-home equity secured for personal purpose		90,527			82,727
Loans to individuals		42,211			43,780
Lease financings		102,761			83,857
Total loans and leases held for investment, net of deferred income	$	1,526,241		$	1,481,862
Unearned lease income, included in the above table	$	(14,192	)	$	(12,355	)
Net deferred costs (fees), included in the above table	$	2,523		$	1,432
Overdraft deposits included in the above table	$	156		$	128

Age Analysis of Past Due Loans and Leases

Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases greater than 90 days past due which are accruing interest at September 30, 2013 and December 31, 2012:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest
At September 30, 2013
Commercial, financial and agricultural	$	4,169	$	972	$	1,047	$	6,188	$	424,630	$	430,818	$	300
Real estate—commercial real estate and construction:
Commercial real estate		651		1,364		6,405		8,420		597,610		606,030		641
Construction		—		—		8,742		8,742		66,105		74,847		—
Real estate—residential and home equity:
Residential secured for business purpose		411		180		226		817		34,856		35,673		—
Residential secured for personal purpose		1,122		197		619		1,938		141,436		143,374		619
Home equity secured for personal purpose		341		76		51		468		90,059		90,527		51
Loans to individuals		496		255		299		1,050		41,161		42,211		299
Lease financings		1,592		1,372		271		3,235		99,526		102,761		44
Total	$	8,782	$	4,416	$	17,660	$	30,858	$	1,495,383	$	1,526,241	$	1,954

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest
At December 31, 2012
Commercial, financial and agricultural	$	586	$	313	$	754	$	1,653	$	466,768	$	468,421	$	—
Real estate—commercial real estate and construction:
Commercial real estate		8,266		—		5,894		14,160		515,962		530,122		—
Construction		306		—		13,150		13,456		77,794		91,250		—
Real estate—residential and home equity:
Residential secured for business purpose		1,663		69		103		1,835		33,344		35,179		—
Residential secured for personal purpose		1,617		152		—		1,769		144,757		146,526		—
Home equity secured for personal purpose		276		64		54		394		82,333		82,727		54
Loans to individuals		551		153		347		1,051		42,729		43,780		347
Lease financings		1,001		273		426		1,700		82,157		83,857		40
Total	$	14,266	$	1,024	$	20,728	$	36,018	$	1,445,844	$	1,481,862	$	441

Non-Performing Loans and Leases

Non-Performing Loans and Leases

The following presents, by class of loans and leases, non-performing loans and leases at September 30, 2013 and December 31, 2012:

	At September 30, 2013								At December 31, 2012
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases Greater than 90 Days Past Due and Accruing Interest		Total Non- Performing Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases Greater than 90 Days Past Due and Accruing Interest		Total Non- Performing Loans and Leases
Commercial, financial and agricultural	$	3,778	$	1,406	$	300	$	5,484	$	2,842	$	480	$	—	$	3,322
Real estate—commercial real estate and construction:
Commercial real estate		9,858		10,499		641		20,998		14,340		10,523		—		24,863
Construction		9,165		2,164		—		11,329		13,588		2,397		—		15,985
Real estate—residential and home equity:
Residential secured for business purpose		226		—		—		226		172		—		—		172
Residential secured for personal purpose		720		—		619		1,339		804		—		—		804
Home equity secured for personal purpose		—		—		51		51		—		—		54		54
Loans to individuals		—		37		299		336		—		38		347		385
Lease financings		227		—		44		271		386		19		40		445
Total	$	23,974	$	14,106	$	1,954	$	40,034	$	32,132	$	13,457	$	441	$	46,030

* Includes nonaccrual troubled debt restructured loans and lease modifications of $1.6 million and $579 thousand at September 30, 2013 and December 31, 2012, respectively.

Credit Quality Indicators

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

	At September 30, 2013
(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate — Commercial		Real Estate — Construction		Real Estate — Residential Secured for Business Purpose		Total
Grade:
1. Cash secured/ 2. Fully secured	$	4,498	$	2,031	$	1,550	$	—	$	8,079
3. Strong		5,534		9,119		4,288		—		18,941
4. Satisfactory		33,136		17,579		1,602		107		52,424
5. Acceptable		246,455		376,724		33,898		25,721		682,798
6. Pre-watch		98,524		121,054		21,282		5,351		246,211
7. Special Mention		15,897		22,169		—		1,919		39,985
8. Substandard		26,410		57,305		12,227		2,575		98,517
9. Doubtful		364		49		—		—		413
10. Loss		—		—		—		—		—
Total	$	430,818	$	606,030	$	74,847	$	35,673	$	1,147,368

	At December 31, 2012
(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate — Commercial		Real Estate — Construction		Real Estate — Residential Secured for Business Purpose		Total
Grade:
1. Cash secured/ 2. Fully secured	$	2,263	$	—	$	—	$	—	$	2,263
3. Strong		5,227		9,591		3,907		—		18,725
4. Satisfactory		40,747		25,837		1,783		335		68,702
5. Acceptable		260,042		321,194		26,331		22,764		630,331
6. Pre-watch		106,436		110,476		42,190		8,458		267,560
7. Special Mention		31,825		16,187		548		288		48,848
8. Substandard		21,881		45,844		16,491		3,334		87,550
9. Doubtful		—		993		—		—		993
10. Loss		—		—		—		—		—
Total	$	468,421	$	530,122	$	91,250	$	35,179	$	1,124,972

	At September 30, 2013
(Dollars in thousands)	Real Estate — Residential Secured for Personal Purpose		Real Estate — Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
Performing	$	142,035	$	90,476	$	41,875	$	102,490	$	376,876
Nonperforming		1,339		51		336		271		1,997
Total	$	143,374	$	90,527	$	42,211	$	102,761	$	378,873

	At December 31, 2012
(Dollars in thousands)	Real Estate — Residential Secured for Personal Purpose		Real Estate — Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
Performing	$	145,722	$	82,673	$	43,395	$	83,412	$	355,202
Nonperforming		804		54		385		445		1,688
Total	$	146,526	$	82,727	$	43,780	$	83,857	$	356,890

Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method for the three and nine months ended September 30, 2013 and 2012:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended September 30, 2013
Reserve for loan and lease losses:
Beginning balance	$	11,395		$	8,662		$	586		$	1,084		$	693		$	1,212		$	1,086		$	24,718
Charge-offs		(812	)		(2,784	)		(38	)		(133	)		(216	)		(211	)		N/A			(4,194	)
Recoveries		85			—			1			2			60			69			N/A			217
(Recovery of provision) provision		(152	)		2,542			682			249			169			198			406			4,094
Ending balance	$	10,516		$	8,420		$	1,231		$	1,202		$	706		$	1,268		$	1,492		$	24,835
Three Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	12,021		$	12,316		$	834		$	884		$	719		$	1,161		$	2,567		$	30,502
Charge-offs *		(4,143	)		(1,318	)		—			—			(168	)		(203	)		N/A			(5,832	)
Recoveries		33			4			4			—			43			132			N/A			216
Provision (recovery of provision)		3,344			(763	)		(154	)		62			12			94			(385	)		2,210
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182		$	27,096

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Nine Months Ended September 30, 2013
Reserve for loan and lease losses:
Beginning balance	$	11,594		$	7,507		$	639		$	980		$	679		$	1,326		$	2,021		$	24,746
Charge-offs		(1,973	)		(6,857	)		(112	)		(160	)		(620	)		(637	)		N/A			(10,359	)
Recoveries		172			48			9			5			172			428			N/A			834
Provision (recovery of provision)		723			7,722			695			377			475			151			(529	)		9,614
Ending balance	$	10,516		$	8,420		$	1,231		$	1,202		$	706		$	1,268		$	1,492		$	24,835
Nine Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	11,262		$	13,317		$	823		$	735		$	730		$	1,344		$	1,659		$	29,870
Charge-offs *		(7,308	)		(2,993	)		—			(2	)		(408	)		(849	)		N/A			(11,560	)
Recoveries		448			144			59			3			100			379			N/A			1,133
Provision (recovery of provision)		6,853			(229	)		(198	)		210			184			310			523			7,653
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182		$	27,096

N/A – Not applicable

* Includes charge-offs of $1.3 million on commercial real estate loans which were subsequently transferred to loans held for sale at September 2012.

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At September 30, 2013
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	2,210	$	111	$	775	$	—	$	—	$	—	$	N/A	$	3,096
Ending balance: collectively evaluated for impairment		8,306		8,309		456		1,202		706		1,268		1,492		21,739
Total ending balance	$	10,516	$	8,420	$	1,231	$	1,202	$	706	$	1,268	$	1,492	$	24,835
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	14,029	$	50,242	$	1,776	$	720	$	37	$	—			$	66,804
Ending balance: collectively evaluated for impairment		416,789		630,635		33,897		233,181		42,174		102,761				1,459,437
Total ending balance	$	430,818	$	680,877	$	35,673	$	233,901	$	42,211	$	102,761			$	1,526,241

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At September 30, 2012
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	428	$	262	$	—	$	—	$	—	$	—	$	N/A	$	690
Ending balance: collectively evaluated for impairment		10,827		9,977		684		946		606		1,184		2,182		26,406
Total ending balance	$	11,255	$	10,239	$	684	$	946	$	606	$	1,184	$	2,182	$	27,096
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	4,232	$	35,976	$	175	$	323	$	48	$	—			$	40,754
Ending balance: collectively evaluated for impairment		471,893		575,012		32,645		230,067		42,578		76,562				1,428,757
Total ending balance	$	476,125	$	610,988	$	32,820	$	230,390	$	42,626	$	76,562			$	1,469,511

N/A – Not applicable

Impaired Loans

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not an allowance for credit losses and the amounts for which there is an allowance for credit losses at September 30, 2013 and December 31, 2012:

	At September 30, 2013						At December 31, 2012
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired loans with no related allowance recorded:
Commercial, financial and agricultural	$	8,037	$	9,961			$	2,646	$	4,504
Real estate—commercial real estate		36,500		46,604				24,863		30,991
Real estate—construction		12,227		14,410				15,985		17,959
Real estate—residential secured for business purpose		226		238				172		184
Real estate—residential secured for personal purpose		720		739				804		804
Loans to individuals		37		55				38		55
Total impaired loans with no allowance recorded	$	57,747	$	72,007			$	44,508	$	54,497
Impaired loans with an allowance recorded:
Commercial, financial and agricultural	$	5,992	$	6,075	$	2,210	$	676	$	717	$	208
Real estate—commercial real estate		1,515		1,515		111		—		—		—
Real estate—residential secured for business purpose		1,550		1,550		775		—		—		—
Total impaired loans with an allowance recorded	$	9,057	$	9,140	$	3,096	$	676	$	717	$	208
Total impaired loans:
Commercial, financial and agricultural	$	14,029	$	16,036	$	2,210	$	3,322	$	5,221	$	208
Real estate—commercial real estate		38,015		48,119		111		24,863		30,991		—
Real estate—construction		12,227		14,410		—		15,985		17,959		—
Real estate—residential secured for business purpose		1,776		1,788		775		172		184		—
Real estate—residential secured for personal purpose		720		739		—		804		804		—
Loans to individuals		37		55		—		38		55		—
Total impaired loans	$	66,804	$	81,147	$	3,096	$	45,184	$	55,214	$	208

Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method.

	Three Months Ended September 30, 2013						Three Months Ended September 30, 2012
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	—	$	—	$	—	$	650	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		5,971		29		70		5,474		23		71
Real estate—commercial real estate		22,789		171		150		20,525		69		257
Real estate—construction		14,544		25		184		16,324		33		190
Real estate—residential secured for business purpose		585		2		2		176		—		2
Real estate—residential secured for personal purpose		725		—		11		320		—		5
Real estate—home equity secured for personal purpose		—		—		—		—		—		—
Loans to individuals		37		1		—		48		1		—
Total	$	44,651	$	228	$	417	$	43,517	$	126	$	525

* Includes interest income recognized on a cash basis for nonaccrual loans of $0 thousand for both the three months ended September 30, 2013 and 2012 and interest income recognized on accrual method for accruing impaired loans of $228 thousand and $126 thousand for the three months ended September 30, 2013 and 2012, respectively.

	Nine Months Ended September 30, 2013						Nine Months Ended September 30, 2012
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	—	$	—	$	—	$	260	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		3,985		45		132		5,542		56		223
Real estate—commercial real estate		23,138		473		566		20,417		156		783
Real estate—construction		15,291		81		553		16,238		85		575
Real estate—residential secured for business purpose		341		2		7		150		—		5
Real estate—residential secured for personal purpose		758		—		35		188		—		9
Real estate—home equity secured for personal purpose		2		—		—		3		—		—
Loans to individuals		41		3		—		49		4		—
Total	$	43,556	$	604	$	1,293	$	42,847	$	301	$	1,595

* Includes interest income recognized on a cash basis for nonaccrual loans of $6 thousand and $8 thousand for the nine months ended September 30, 2013 and 2012, respectively and interest income recognized on accrual method for accruing impaired loans of $598 thousand and $293 thousand for the nine months ended September 30, 2013 and 2012, respectively.

Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended September 30, 2013								Three Months Ended September 30, 2012
(Dollars in thousands)	Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance		Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—	$	—	$	—		2	$	1,731	$	1,731	$	—
Real estate—commercial real estate		3		1,569		1,569		—		1		1,621		1,621		—
Real estate—construction		1		459		459		—		—		—		—		—
Total		4	$	2,028	$	2,028	$	—		3	$	3,352	$	3,352	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—	$	—	$	—		—	$	—	$	—	$	—

	Nine Months Ended September 30, 2013								Nine Months Ended September 30, 2012
(Dollars in thousands)	Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance		Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000	$	1,000	$	—		10	$	3,404	$	3,404	$	—
Real estate—commercial real estate		3		1,569		1,569		—		5		2,630		2,630		—
Real estate—construction		1		459		459		—		2		1,330		1,330		—
Total		5	$	3,028	$	3,028	$	—		17	$	7,364	$	7,364	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—	$	—	$	—		2	$	448	$	448	$	—
Real estate—commercial real estate		—		—		—		—		1		124		124		—
Total		—	$	—	$	—	$	—		3	$	572	$	572	$	—

Concessions Granted on Accruing and Nonaccrual Loans Restructured

The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended September 30, 2013
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Real estate—commercial real estate		—	$	—		1	$	756		—	$	—		2	$	813		3	$	1,569
Real estate—construction		—		—		—		—		—		—		1		459		1		459
Total		—	$	—		1	$	756		—	$	—		3	$	1,272		4	$	2,028
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Three Months Ended September 30, 2012
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—		—	$	—		—	$	—		2	$	1,731		2	$	1,731
Real estate—commercial real estate		1		1,621		—		—		—		—		—		—		1		1,621
Total		1	$	1,621		—	$	—		—	$	—		2	$	1,731		3	$	3,352
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Nine Months Ended September 30, 2013
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000		—	$	—		—	$	—		—	$	—		1	$	1,000
Real estate—commercial real estate		—		—		1		756		—		—		2		813		3		1,569
Real estate—construction		—		—		—		—		—		—		1		459		1		459
Total		1	$	1,000		1	$	756		—	$	—		3	$	1,272		5	$	3,028
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Nine Months Ended September 30, 2012
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		4	$	1,316		3	$	221		—	$	—		3	$	1,867		10	$	3,404
Real estate—commercial real estate		3		2,267		1		188		—		—		1		175		5		2,630
Real estate—construction		2		1,330		—		—		—		—		—		—		2		1,330
Total		9	$	4,913		4	$	409		—	$	—		4	$	2,042		17	$	7,364
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—		—	$	—		2	$	448		—	$	—		2	$	448
Real estate—commercial real estate		—		—		—		—		1		124		—		—		1		124
Total		—	$	—		—	$	—		3	$	572		—	$	—		3	$	572

Accruing and Nonaccrual Troubled Debt Restructured Loans with Payment Default

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there was a payment default within twelve months of the restructuring date:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2013				2012				2013				2012
(Dollars in thousands)	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000		—	$	—		4	$	1,230		—	$	—
Total		1	$	1,000		—	$	—		4	$	1,230		—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—

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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) In Thousands, except Share data	Total		Common Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Beginning balance at Dec. 31, 2011	$ 272,979		$ 91,332	$ (6,101)	$ 58,495	$ 157,566	$ (28,313)
Beginning balance, shares at Dec. 31, 2011			16,702,376
Net income	15,796					15,796
Other comprehensive income (loss), net of income tax benefit	1,966			1,966
Cash dividends declared ($0.60 per share)	(10,058)					(10,058)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs	1,987					(64)	2,051
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs, shares			121,012
Repurchase of cancelled restricted stock awards					300	(87)	(213)
Repurchase of cancelled restricted stock awards, shares			(13,125)
Stock-based compensation	880				847	33
Net tax deficiency on stock-based compensation	(84)				(84)
Purchases of treasury stock	(1,877)						(1,877)
Purchases of treasury stock, shares			(116,294)
Restricted stock awards granted					(1,154)	(134)	1,288
Restricted stock awards granted, shares			71,157
Ending balance at Sep. 30, 2012	281,589		91,332	(4,135)	58,404	163,052	(27,064)
Ending balance, shares at Sep. 30, 2012			16,765,126
Beginning balance at Dec. 31, 2012	284,277	[1]	91,332	(6,920)	62,101	164,823	(27,059)
Beginning balance, shares at Dec. 31, 2012			16,770,232
Net income	16,267					16,267
Other comprehensive income (loss), net of income tax benefit	(6,783)			(6,783)
Cash dividends declared ($0.60 per share)	(10,029)					(10,029)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs	1,892				9	(32)	1,915
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs, shares			105,263
Repurchase of cancelled restricted stock awards					519		(519)
Repurchase of cancelled restricted stock awards, shares			(29,533)
Stock-based compensation	616				616
Net tax deficiency on stock-based compensation	(11)				(11)
Purchases of treasury stock	(11,475)						(11,475)
Purchases of treasury stock, shares			(627,406)
Restricted stock awards granted					(1,174)	(92)	1,266
Restricted stock awards granted, shares			70,041
Ending balance at Sep. 30, 2013	$ 274,754		$ 91,332	$ (13,703)	$ 62,060	$ 170,937	$ (35,872)
Ending balance, shares at Sep. 30, 2013			16,288,597

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012
Cash flows from operating activities:
Net income	$ 16,267		$ 15,796
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	9,614		7,653
Depreciation of premises and equipment	2,196		2,160
Other-than-temporary impairment on equity securities			13
Net gain on sales of investment securities	(2,950)		(291)
Net gain on mortgage banking activities	(4,047)		(4,517)
Net loss (gain) on dispositions and sales of fixed assets	6		(1,312)
Net (gain) loss on sales and write-downs of other real estate owned	(450)		1,723
Loss on termination of interest rate swap	1,866
Bank owned life insurance income	(2,472)		(2,305)
Stock-based compensation	616		923
Other adjustments to reconcile net income to cash provided by operating activities	944		5,638
Originations of loans held for sale	(233,408)		(215,767)
Proceeds from the sale of loans held for sale	239,501		218,280
Contributions to pension and other postretirement benefit plans	(2,090)		(8,089)
(Increase) decrease in accrued interest receivable and other assets	(974)		801
Increase (decrease) in accrued interest payable and other liabilities	4,722		(962)
Net cash provided by operating activities	29,341		19,744
Cash flows from investing activities:
Net cash paid due to acquisitions	(2,170)		(3,225)
Net capital expenditures	(2,777)		(236)
Proceeds from maturities and calls of securities available-for-sale	33,503		107,920
Proceeds from sales of securities available-for-sale	58,148		57,162
Purchases of investment securities held-to-maturity			(24,697)
Purchases of investment securities available-for-sale	(66,959)		(182,949)
Net increase in loans and leases	(57,137)		(36,131)
Net decrease in interest-earning deposits	14,739		43,191
Proceeds from sales of other real estate owned	4,183		1,482
Proceeds from bank owned life insurance			2,415
Net cash used in investing activities	(18,470)		(35,068)
Cash flows from financing activities:
Net increase in deposits	24,033		28,698
Net decrease in short-term borrowings	(49,549)		(3,189)
Repayment of subordinated debt	(375)		(1,125)
Payment for repurchase of trust preferred securities	(20,619)
Purchases of treasury stock	(11,475)		(1,877)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs	1,892		1,987
Cash dividends paid	(6,693)		(10,050)
Net cash (used in) provided by financing activities	(62,786)		14,444
Net decrease in cash and due from banks	(51,915)		(880)
Cash and due from banks at beginning of year	98,399	[1]	39,857
Cash and due from banks at end of period	46,484		38,977
Supplemental disclosures of cash flow information:
Cash paid for interest	4,801		6,694
Cash paid for income taxes, net of refunds received	4,336		1,437
Non cash transactions:
Noncash transfer of loans to other real estate owned	3,526
Noncash transfer of loans held for investment to loans held for sale			2,599
Contingent consideration recorded as goodwill	$ 454		$ 842

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Investment Securities

9 Months Ended

Sep. 30, 2013

Investments Debt And Equity Securities [Abstract]

Investment Securities

Note 3. Investment Securities

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at September 30, 2013 and December 31, 2012 by contractual maturity within each type:

	At September 30, 2013									At December 31, 2012
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
Corporate bonds:
Within 1 year	$	12,228	$	86	$	—		$	12,314	$	3,026	$	7	$	—		$	3,033
After 1 year to 5 years		56,986		1,040		(261	)		57,765		66,819		1,526		(51	)		68,294
		69,214		1,126		(261	)		70,079		69,845		1,533		(51	)		71,327
Total	$	69,214	$	1,126	$	(261	)	$	70,079	$	69,845	$	1,533	$	(51	)	$	71,327
Securities Available-for-Sale
U.S. treasuries:
After 5 years to 10 years	$	4,965	$	—	$	(192	)	$	4,773	$	4,960	$	—	$	(22	)	$	4,938
		4,965		—		(192	)		4,773		4,960		—		(22	)		4,938
U.S. government corporations and agencies:
Within 1 year		5,999		36		—			6,035		1,517		9		—			1,526
After 1 year to 5 years		148,123		169		(1,157	)		147,135		148,120		1,509		(70	)		149,559
After 5 years to 10 years		10,850		—		(471	)		10,379		20,953		109		(5	)		21,057
		164,972		205		(1,628	)		163,549		170,590		1,627		(75	)		172,142
State and political subdivisions:
Within 1 year		3,825		14		—			3,839		4,607		75		—			4,682
After 1 year to 5 years		4,603		29		(35	)		4,597		4,130		88		(19	)		4,199
After 5 years to 10 years		41,545		720		(530	)		41,735		36,499		1,245		(7	)		37,737
Over 10 years		65,746		1,788		(311	)		67,223		70,495		5,055		—			75,550
		115,719		2,551		(876	)		117,394		115,731		6,463		(26	)		122,168
Residential mortgage-backed securities:
After 5 years to 10 years		18,365		307		(55	)		18,617		20,140		777		—			20,917
Over 10 years		35,075		375		—			35,450		66,962		2,861		—			69,823
		53,440		682		(55	)		54,067		87,102		3,638		—			90,740
Collateralized mortgage obligations:
After 1 year to 5 years		109		1		—			110		41		—		—			41
After 5 years to 10 years		—		—		—			—		626		7		—			633
Over 10 years		9,462		111		(163	)		9,410		25,698		645		(5	)		26,338
		9,571		112		(163	)		9,520		26,365		652		(5	)		27,012
Corporate bonds:
After 1 year to 5 years		10,819		35		(131	)		10,723		4,993		21		—			5,014
After 5 years to 10 years		22,833		8		(1,156	)		21,685		—		—		—			—
		33,652		43		(1,287	)		32,408		4,993		21		—			5,014
Money market mutual funds:
Within 1 year		9,639		—		—			9,639		4,878		—		—			4,878
		9,639		—		—			9,639		4,878		—		—			4,878
Equity securities:
No stated maturity		1,678		357		(26	)		2,009		2,279		696		(133	)		2,842
		1,678		357		(26	)		2,009		2,279		696		(133	)		2,842
Total	$	393,636	$	3,950	$	(4,227	)	$	393,359	$	416,898	$	13,097	$	(261	)	$	429,734

Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties. Unrealized losses in investment securities at September 30, 2013 and December 31, 2012 do not represent other-than-temporary impairments.

Securities with a carrying value of $330.8 million and $368.2 million at September 30, 2013 and December 31, 2012, respectively, were pledged to secure public deposits and for other purposes as required by law.

The following table presents information related to sales of securities available-for-sale during the nine months ended September 30, 2013 and 2012:

	Nine Months Ended September 30,
(Dollars in thousands)	2013		2012
Securities available-for-sale:
Proceeds from sales	$	58,148	$	57,162
Gross realized gains on sales		2,957		1,187
Gross realized losses on sales		7		896
Tax expense related to net realized gains on sales		1,033		102

The Corporation realized other-than-temporary impairment charges to noninterest income of $0 thousand and $13 thousand, respectively, on its equity portfolio during the nine months ended September 30, 2013 and 2012. As such, in 2012, the Corporation determined that it was probable that the fair value of certain equity securities would not recover to the Corporation’s cost basis within a reasonable period of time due to a decline in the financial stability of the underlying companies. The Corporation carefully monitors all of its equity securities and has not taken impairment losses on certain other equity securities in an unrealized loss position, at this time, as the financial performance of the underlying companies is not indicative of the market deterioration of their stock and it is probable that the market value of the equity securities will recover to the Corporation’s cost basis in the individual securities in a reasonable amount of time. The equity securities within the following table consist of common stocks of other financial institutions, which have experienced declines in value consistent with the industry as a whole. Management evaluated the near-term prospects of the issuers in relation to the severity and duration of the impairment. The Corporation has the intent and ability to hold these securities until recovery to the Corporation’s cost basis occurs. The Corporation does not consider these investments to be other-than-temporarily impaired at September 30, 2013 and December 31, 2012.

Management evaluates debt securities, which are comprised of U.S. government, government sponsored agencies, municipalities, corporate bonds and other issuers, for other-than-temporary impairment and considers the current economic conditions, the length of time and the extent to which the fair value has been less than cost, interest rates and the bond rating of each security. All of the debt securities are rated as investment grade and management believes that it will not incur any losses. The unrealized losses on the Corporation’s investments in debt securities are temporary in nature since they are primarily related to market interest rates and are not related to the underlying credit quality of the issuers within our investment portfolio. The Corporation does not have the intent to sell the debt securities and believes it is more likely than not, that it will not have to sell the securities before recovery of their cost basis. The Corporation did not recognize any other-than-temporary impairment charges on debt securities for the nine months ended September 30, 2013 and 2012.

At September 30, 2013 and December 31, 2012, there were no investments in any single non-federal issuer representing more than 10% of shareholders’ equity.

The following table shows the fair value of securities that were in an unrealized loss position at September 30, 2013 and December 31, 2012 by the length of time those securities were in a continuous loss position:

	At September 30, 2013
	Less than Twelve Months					Twelve Months or Longer				Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. treasuries	$	4,773	$	(192	)	$	—	$	—	$	4,773	$	(192	)
U.S. government corporations and agencies		107,154		(1,628	)		—		—		107,154		(1,628	)
State and political subdivisions		26,790		(876	)		—		—		26,790		(876	)
Residential mortgage-backed securities		5,093		(55	)		—		—		5,093		(55	)
Collateralized mortgage obligations		4,334		(163	)		—		—		4,334		(163	)
Corporate bonds		45,866		(1,548	)		—		—		45,866		(1,548	)
Equity securities		1,054		(26	)		—		—		1,054		(26	)
Total	$	195,064	$	(4,488	)	$	—	$	—	$	195,064	$	(4,488	)

	At December 31, 2012
	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
U.S. treasuries	$	4,938	$	(22	)	$	—	$	—		$	4,938	$	(22	)
U.S. government corporations and agencies		36,793		(75	)		—		—			36,793		(75	)
State and political subdivisions		4,574		(14	)		480		(12	)		5,054		(26	)
Collateralized mortgage obligations		5,006		(5	)		—		—			5,006		(5	)
Corporate bonds		10,410		(51	)		—		—			10,410		(51	)
Equity securities		976		(133	)		—		—			976		(133	)
Total	$	62,697	$	(300	)	$	480	$	(12	)	$	63,177	$	(312	)

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Fair Value Disclosures - Assets Measured at Fair Value on Non-recurring Basis (Detail) (Fair Value, Measurements, Nonrecurring [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans held for investment	$ 63,708	$ 44,976
Mortgage servicing rights		4,152
Other real estate owned		1,607
Total assets	63,708	50,735
Level 1 [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans held for investment
Mortgage servicing rights
Other real estate owned
Total assets
Level 2 [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans held for investment
Mortgage servicing rights		4,152
Other real estate owned		1,607
Total assets		5,759
Level 3 [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans held for investment	63,708	44,976
Mortgage servicing rights
Other real estate owned
Total assets	$ 63,708	$ 44,976

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Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Corporation of Pennsylvania (the Corporation) and its wholly owned subsidiaries; the Corporation’s primary subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the nine-month period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ended December 31, 2013. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the SEC on March 4, 2013.

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, valuation of goodwill and other intangible assets, mortgage servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation expense.

Recent Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) which requires entities to present an unrecognized tax benefit or a portion of an unrecognized tax benefit for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, in the financial statements as a reduction to a deferred tax asset with some specified exceptions. The ASU was issued to eliminate diversity in practice on this topic. The amendment is effective for fiscal years and interim periods within those years beginning after December 15, 2013, or January 1, 2014 for the Corporation. The adoption of this ASU will not have any impact on the Corporation’s financial statements.

In February 2013, the FASB issued an ASU to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. The guidance requires entities to present, either on the face of the statement where net income is presented or in a single footnote, significant amounts that are required under U.S. GAAP to be reclassified to net income in their entirety. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to provide a cross-reference to other required U.S. GAAP disclosures. The amendment is effective for reporting periods beginning after December 15, 2012, or January 1, 2013 for the Corporation. The application of the provisions of this standard did not have a material impact on the Corporation’s financial statements although it resulted in additional disclosures which are included in Note 10, “Accumulated Other Comprehensive (Loss) Income.”

In December 2011, the FASB issued an ASU regarding disclosures about offsetting assets and liabilities. The scope of this accounting guidance was further clarified by an ASU issued by the FASB in January 2013. This guidance affects entities that have financial instruments and derivative instruments that are either (1) offset in accordance with U.S. GAAP or (2) subject to an enforceable master netting arrangement or similar agreement. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments within the scope of this guidance. The guidance is effective for annual reporting periods beginning on or after January 1, 2013. The provisions of this guidance did not have any impact on the Corporation’s financial statements.

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Loans and Leases - Non-Performing Loans and Leases (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	$ 23,974	$ 32,132
Accruing Troubled Debt Restructured Loans and Lease Modifications	14,106	13,457
Loans and Leases Greater than 90 Days Past Due and Accruing Interest	1,954	441
Total Non-Performing Loans and Leases	40,034	46,030
Commercial, financial and agricultural [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	3,778	2,842
Accruing Troubled Debt Restructured Loans and Lease Modifications	1,406	480
Loans and Leases Greater than 90 Days Past Due and Accruing Interest	300
Total Non-Performing Loans and Leases	5,484	3,322
Real estate-commercial real estate [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	9,858	14,340
Accruing Troubled Debt Restructured Loans and Lease Modifications	10,499	10,523
Loans and Leases Greater than 90 Days Past Due and Accruing Interest	641
Total Non-Performing Loans and Leases	20,998	24,863
Real estate-construction [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	9,165	13,588
Accruing Troubled Debt Restructured Loans and Lease Modifications	2,164	2,397
Loans and Leases Greater than 90 Days Past Due and Accruing Interest
Total Non-Performing Loans and Leases	11,329	15,985
Real estate-residential secured for business purpose [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	226	172
Accruing Troubled Debt Restructured Loans and Lease Modifications
Loans and Leases Greater than 90 Days Past Due and Accruing Interest
Total Non-Performing Loans and Leases	226	172
Real estate-residential secured for personal purpose [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	720	804
Accruing Troubled Debt Restructured Loans and Lease Modifications
Loans and Leases Greater than 90 Days Past Due and Accruing Interest	619
Total Non-Performing Loans and Leases	1,339	804
Real estate-home equity secured for personal purpose [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases
Accruing Troubled Debt Restructured Loans and Lease Modifications
Loans and Leases Greater than 90 Days Past Due and Accruing Interest	51	54
Total Non-Performing Loans and Leases	51	54
Loans to individuals [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases
Accruing Troubled Debt Restructured Loans and Lease Modifications	37	38
Loans and Leases Greater than 90 Days Past Due and Accruing Interest	299	347
Total Non-Performing Loans and Leases	336	385
Lease financings [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	227	386
Accruing Troubled Debt Restructured Loans and Lease Modifications		19
Loans and Leases Greater than 90 Days Past Due and Accruing Interest	44	40
Total Non-Performing Loans and Leases	$ 271	$ 445

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in thousands, except per share data)	2013		2012		2013		2012
Numerator for basic and diluted earnings per share – income available to common shareholders	$	6,039	$	5,770	$	16,267	$	15,796
Denominator for basic earnings per share – weighted-average shares outstanding		16,658		16,760		16,714		16,760
Effect of dilutive securities – employee stock options and awards		84		60		61		49
Denominator for diluted earnings per share – adjusted weighted-average shares outstanding		16,742		16,820		16,775		16,809
Basic earnings per share	$	0.36	$	0.34	$	0.97	$	0.94
Diluted earnings per share	$	0.36	$	0.34	$	0.97	$	0.94
Average anti-dilutive options and awards excluded from computation of diluted earnings per share		470		588		567		579

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Restructuring Charges (Tables)

9 Months Ended

Sep. 30, 2013

Restructuring And Related Activities [Abstract]

Roll-Forward of Accrued Restructuring Expense

A roll-forward of the accrued restructuring expense is as follows:

(Dollars in thousands)	Severance
Accrued at January 1, 2013	$	—
Restructuring charge		437
Payments		(432	)
Adjustment of restructuring charge		(5	)
Accrued at September 30, 2013	$	—

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Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Available-for-sale securities:
Total available-for-sale securities	$ 393,359	$ 429,734	[1]
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	394,208	431,281
Total liabilities	844	2,866
Available-for-sale securities:
Total available-for-sale securities	393,359	429,734
Fair Value, Measurements, Recurring [Member] | U.S. treasuries [Member]
Available-for-sale securities:
Total available-for-sale securities	4,773	4,938
Fair Value, Measurements, Recurring [Member] | U.S. government corporations and agencies [Member]
Available-for-sale securities:
Total available-for-sale securities	163,549	172,142
Fair Value, Measurements, Recurring [Member] | State and political subdivisions [Member]
Available-for-sale securities:
Total available-for-sale securities	117,394	122,168
Fair Value, Measurements, Recurring [Member] | Residential mortgage-backed securities [Member]
Available-for-sale securities:
Total available-for-sale securities	54,067	90,740
Fair Value, Measurements, Recurring [Member] | Collateralized mortgage obligations [Member]
Available-for-sale securities:
Total available-for-sale securities	9,520	27,012
Fair Value, Measurements, Recurring [Member] | Corporate bonds [Member]
Available-for-sale securities:
Total available-for-sale securities	32,408	5,014
Fair Value, Measurements, Recurring [Member] | Money market mutual funds [Member]
Available-for-sale securities:
Total available-for-sale securities	9,639	4,878
Fair Value, Measurements, Recurring [Member] | Equity securities [Member]
Available-for-sale securities:
Total available-for-sale securities	2,009	2,842
Fair Value, Measurements, Recurring [Member] | Interest Rate Locks with Customers [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	849	1,547
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Liabilities:
Liabilities		1,909
Fair Value, Measurements, Recurring [Member] | Forward Loan Sale Commitments [Member]
Liabilities:
Liabilities	361	54
Fair Value, Measurements, Recurring [Member] | Contingent consideration liability [Member]
Liabilities:
Liabilities	483	903
Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	16,421	12,658
Available-for-sale securities:
Total available-for-sale securities	16,421	12,658
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. treasuries [Member]
Available-for-sale securities:
Total available-for-sale securities	4,773	4,938
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Money market mutual funds [Member]
Available-for-sale securities:
Total available-for-sale securities	9,639	4,878
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Equity securities [Member]
Available-for-sale securities:
Total available-for-sale securities	2,009	2,842
Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	377,787	418,623
Total liabilities	361	1,963
Available-for-sale securities:
Total available-for-sale securities	376,938	417,076
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. government corporations and agencies [Member]
Available-for-sale securities:
Total available-for-sale securities	163,549	172,142
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | State and political subdivisions [Member]
Available-for-sale securities:
Total available-for-sale securities	117,394	122,168
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Residential mortgage-backed securities [Member]
Available-for-sale securities:
Total available-for-sale securities	54,067	90,740
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized mortgage obligations [Member]
Available-for-sale securities:
Total available-for-sale securities	9,520	27,012
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate bonds [Member]
Available-for-sale securities:
Total available-for-sale securities	32,408	5,014
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Locks with Customers [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	849	1,547
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Liabilities:
Liabilities		1,909
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Forward Loan Sale Commitments [Member]
Liabilities:
Liabilities	361	54
Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	483	903
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Contingent consideration liability [Member]
Liabilities:
Liabilities	$ 483	$ 903

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Investment Securities - Amount of Securities in Unrealized Loss Position (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	$ 195,064	$ 62,697
Less than Twelve Months, Unrealized Losses	(4,488)	(300)
Twelve Months or Longer, Fair value		480
Twelve Months or Longer, Unrealized Losses		(12)
Total, Fair Value	195,064	63,177
Total gross, Unrealized Losses	(4,488)	(312)
U.S. treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	4,773	4,938
Less than Twelve Months, Unrealized Losses	(192)	(22)
Twelve Months or Longer, Fair value
Twelve Months or Longer, Unrealized Losses
Total, Fair Value	4,773	4,938
Total gross, Unrealized Losses	(192)	(22)
U.S. government corporations and agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	107,154	36,793
Less than Twelve Months, Unrealized Losses	(1,628)	(75)
Twelve Months or Longer, Fair value
Twelve Months or Longer, Unrealized Losses
Total, Fair Value	107,154	36,793
Total gross, Unrealized Losses	(1,628)	(75)
State and political subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	26,790	4,574
Less than Twelve Months, Unrealized Losses	(876)	(14)
Twelve Months or Longer, Fair value		480
Twelve Months or Longer, Unrealized Losses		(12)
Total, Fair Value	26,790	5,054
Total gross, Unrealized Losses	(876)	(26)
Residential mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	5,093
Less than Twelve Months, Unrealized Losses	(55)
Twelve Months or Longer, Fair value
Twelve Months or Longer, Unrealized Losses
Total, Fair Value	5,093
Total gross, Unrealized Losses	(55)
Collateralized mortgage obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	4,334	5,006
Less than Twelve Months, Unrealized Losses	(163)	(5)
Twelve Months or Longer, Fair value
Twelve Months or Longer, Unrealized Losses
Total, Fair Value	4,334	5,006
Total gross, Unrealized Losses	(163)	(5)
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	45,866	10,410
Less than Twelve Months, Unrealized Losses	(1,548)	(51)
Twelve Months or Longer, Fair value
Twelve Months or Longer, Unrealized Losses
Total, Fair Value	45,866	10,410
Total gross, Unrealized Losses	(1,548)	(51)
Equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than Twelve Months, Fair Value	1,054	976
Less than Twelve Months, Unrealized Losses	(26)	(133)
Twelve Months or Longer, Fair value
Twelve Months or Longer, Unrealized Losses
Total, Fair Value	1,054	976
Total gross, Unrealized Losses	$ (26)	$ (133)

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Fair Value Disclosures - Additional Information (Detail) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Fair Value Disclosures [Line Items]
Valuation adjustments for loans held for sale	$ 0	$ 0
Carrying amount of impaired loans	66,800,000	45,200,000
Valuation allowance of impaired loans	3,096,000	208,000
Mortgage servicing rights valuation allowance	249,000	497,000
Mortgage servicing rights carrying amount	5,700,000	4,600,000
Fair Value, Measurements, Recurring [Member]
Fair Value Disclosures [Line Items]
Assets measured at fair value on a recurring basis	394,208,000	431,281,000
Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Disclosures [Line Items]
Assets measured at fair value on a recurring basis	0	0
Javers Group [Member]
Fair Value Disclosures [Line Items]
Reduction of other noninterest expense	959,000
Fair value of contingent consideration liability	0
Original potential cash payments from contingent consideration, minimum	0
Original potential cash payments from contingent consideration, maximum	1,700,000
Potential cash payments from contingent consideration, period of measurement (in years)	3 years
Potential cash payments from contingent consideration, end date	Jun. 30, 2015
John T. Fretz Insurance Agency, Inc. [Member]
Fair Value Disclosures [Line Items]
Potential cash payments from contingent consideration, period of measurement (in years)	3 years
Potential cash payments from contingent consideration, end date	Apr. 30, 2016
Potential cash payments from contingent consideration, minimum	0
Potential cash payments from contingent consideration, maximum	$ 930,000

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Mortgage Servicing Rights - Activity in Valuation Allowance for Mortgage Servicing Rights (Detail) (Mortgage servicing rights [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Mortgage servicing rights [Member]
Servicing Asset at Amortized Cost [Line Items]
Valuation allowance, beginning of period	$ (249)	$ (608)	$ (497)	$ (793)
Additions		(372)		(187)
Reductions			248
Direct write-downs
Valuation allowance, end of period	$ (249)	$ (980)	$ (249)	$ (980)

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Loans and Leases - Troubled Debt Restructured Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013 Loans	Sep. 30, 2012 Loans	Sep. 30, 2013 Loans	Sep. 30, 2012 Loans
Accruing Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	4	3	5	17
Pre-Restructuring Outstanding Recorded Investment	$ 2,028	$ 3,352	$ 3,028	$ 7,364
Post-Restructuring Outstanding Recorded Investment	2,028	3,352	3,028	7,364
Related Allowance
Nonaccrual Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans				3
Pre-Restructuring Outstanding Recorded Investment				572
Post-Restructuring Outstanding Recorded Investment				572
Related Allowance
Commercial, financial and agricultural [Member] | Accruing Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans		2	1	10
Pre-Restructuring Outstanding Recorded Investment		1,731	1,000	3,404
Post-Restructuring Outstanding Recorded Investment		1,731	1,000	3,404
Related Allowance
Commercial, financial and agricultural [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans				2
Pre-Restructuring Outstanding Recorded Investment				448
Post-Restructuring Outstanding Recorded Investment				448
Related Allowance
Real estate-commercial real estate [Member] | Accruing Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	3	1	3	5
Pre-Restructuring Outstanding Recorded Investment	1,569	1,621	1,569	2,630
Post-Restructuring Outstanding Recorded Investment	1,569	1,621	1,569	2,630
Related Allowance
Real estate-commercial real estate [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans				1
Pre-Restructuring Outstanding Recorded Investment				124
Post-Restructuring Outstanding Recorded Investment				124
Related Allowance
Real estate-construction [Member] | Accruing Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	1		1	2
Pre-Restructuring Outstanding Recorded Investment	459		459	1,330
Post-Restructuring Outstanding Recorded Investment	459		459	1,330
Related Allowance

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Loans and Leases - Reserve for Loan and Lease Losses Roll Forward (Parenthetical) (Detail) (Commercial Real Estate Loans [Member], USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012
Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of loans charged off prior to being transferred to loans held for sale	$ 1.3	$ 1.3

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Fair value of held-to-maturity investment securities	$ 70,079	$ 71,327	[1]
Accumulated amortization and fair value adjustments on other intangibles	$ 9,783	$ 10,475	[1]
Common stock, par value	$ 5	$ 5	[1]
Common stock, shares authorized	48,000,000	48,000,000	[1]
Common stock, shares issued	18,266,404	18,266,404	[1]
Common stock, shares outstanding	16,288,597	16,770,232	[1]
Treasury stock, shares	1,977,807	1,496,172	[1]

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Income Taxes

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Note 6. Income Taxes

At September 30, 2013 and December 31, 2012, the Corporation had no material unrecognized tax benefits, accrued interest or penalties. Penalties are recorded in non-interest expense in the year they are assessed and are treated as a non-deductible expense for tax purposes. Interest is recorded in non-interest expense in the year it is assessed and is treated as a deductible expense for tax purposes. At September 30, 2013, the Corporation’s tax years 2010 through 2012 remain subject to federal examination as well as examination by state taxing jurisdictions.

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Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement Of Income And Comprehensive Income [Abstract]
Income, Before Tax Amount	$ 7,439	$ 7,612	$ 20,914	$ 19,989
Net unrealized (losses) gains on available-for-sale investment securities, Before Tax Amount
Net unrealized holding (losses) gains arising during the period, Before Tax Amount	442	2,698	(10,163)	3,215
Less: reclassification adjustment for net gains on sales realized in net income, Before Tax Amount	(1,426)	(9)	(2,950)	(291)
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income, Before Tax Amount		4		13
Total net unrealized (losses) gains on available-for-sale investment securities, Before Tax Amount	(984)	2,693	(13,113)	2,937
Cash flow hedge derivative, Before Tax Amount
Net change in fair value of interest rate swap, Before Tax Amount		(213)	43	(602)
Less: reclassification adjustment for loss on termination of interest rate swap realized in net income, Before Tax Amount			1,866
Total cash flow hedge derivative, Before Tax Amount		(213)	1,909	(602)
Defined benefit pension plans, Before Tax Amount
Less: amortization of net loss included in net periodic pension costs, Before Tax Amount	320	293	961	882
Less: accretion of prior service cost included in net periodic pension costs, Before Tax Amount	(64)	(64)	(191)	(192)
Total defined benefit pension plans, Before Tax Amount	256	229	770	690
Other comprehensive (loss) income, Before Tax Amount	(728)	2,709	(10,434)	3,025
Total comprehensive income, Before Tax Amount	6,711	10,321	10,480	23,014
Income, Tax Expense (Benefit)	1,400	1,842	4,647	4,193
Net unrealized (losses) gains on available-for-sale investment securities, Tax Expense (Benefit)
Net unrealized holding (losses) gains arising during the period, Tax Expense (Benefit)	155	944	(3,557)	1,125
Less: reclassification adjustment for net gains on sales realized in net income, Tax Expense (Benefit)	(499)	(3)	(1,032)	(102)
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income, Tax Expense (Benefit)		2		5
Total net unrealized (losses) gains on available-for-sale investment securities, Tax Expense (Benefit)	(344)	943	(4,589)	1,028
Cash flow hedge derivative, Tax Expense (Benefit)
Net change in fair value of interest rate swap, Tax Expense (Benefit)		(75)	15	(211)
Less: reclassification adjustment for loss on termination of interest rate swap realized in net income, Tax Expense (Benefit)			653
Total cash flow hedge derivative, Tax Expense (Benefit)		(75)	668	(211)
Defined benefit pension plans, Tax Expense (Benefit)
Less: amortization of net loss included in net periodic pension costs, Tax Expense (Benefit)	112	103	336	309
Less: accretion of prior service cost included in net periodic pension costs, Tax Expense (Benefit)	(22)	(22)	(66)	(67)
Total defined benefit pension plans, Tax Expense (Benefit)	90	81	270	242
Other comprehensive (loss) income, Tax Expense (Benefit)	(254)	949	(3,651)	1,059
Total comprehensive income, Tax Expense (Benefit)	1,146	2,791	996	5,252
Income, Net of Tax Amount	6,039	5,770	16,267	15,796
Net unrealized (losses) gains on available-for-sale investment securities, Net of Tax Amount
Net unrealized holding (losses) gains arising during the period, Net of Tax Amount	287	1,754	(6,606)	2,090
Less: reclassification adjustment for net gains on sales realized in net income, Net of Tax Amount	(927)	(6)	(1,918)	(189)
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income, Net of Tax Amount		2		8
Total net unrealized (losses) gains on available-for-sale investment securities, Net of Tax Amount	(640)	1,750	(8,524)	1,909
Cash flow hedge derivative, Net of Tax Amount
Net change in fair value of interest rate swap, Net of Tax Amount		(138)	28	(391)
Less: reclassification adjustment for loss on termination of interest rate swap realized in net income, Net of Tax Amount			1,213
Total cash flow hedge derivative, Net of Tax Amount		(138)	1,241	(391)
Defined benefit pension plans, Net of Tax Amount
Less: amortization of net loss included in net periodic pension costs, Net of Tax Amount	208	190	625	573
Less: accretion of prior service cost included in net periodic pension costs, Net of Tax Amount	(42)	(42)	(125)	(125)
Total defined benefit pension plans, Net of Tax Amount	166	148	500	448
Other comprehensive (loss) income, Net of Tax Amount	(474)	1,760	(6,783)	1,966
Total comprehensive income, Net of Tax Amount	$ 5,565	$ 7,530	$ 9,484	$ 17,762

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Retirement Plans and Other Postretirement Benefits - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended		12 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013 Retirement Plans [Member]	Dec. 31, 2012 Retirement Plans [Member]	Sep. 30, 2013 Other Post Retirement Benefits [Member]	Dec. 31, 2012 Other Post Retirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Employee hire date no longer eligible for noncontributory retirement plan		Dec. 08, 2009
Defined Benefit Plan, qualified retirement plan, employer contributions in current fiscal year	$ 2,000,000	$ 2,000,000
Defined Benefit Plan, non-qualified plans, estimated employer contributions for next fiscal year				40,000
Expected employer contributions for next fiscal year						82,000
Defined benefit plan, non-qualified plans, contributions by employer			30,000
Defined benefit plan, contributions by employer					60,000
Defined benefit plan, benefits paid			$ 1,300,000		$ 60,000
Assumed long-term rate of investment return			7.50%	8.00%

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
ASSETS
Cash and due from banks	$ 46,484	$ 98,399	[1]
Interest-earning deposits with other banks	32,974	47,713	[1]
Investment securities held-to-maturity (fair value $70,079 and $71,327 at September 30, 2013 and December 31, 2012, respectively)	69,214	69,845	[1]
Investment securities available-for-sale	393,359	429,734	[1]
Loans held for sale	3,489	4,530	[1]
Loans and leases held for investment	1,526,241	1,481,862	[1]
Less: Reserve for loan and lease losses	(24,835)	(24,746)	[1]
Net loans and leases held for investment	1,501,406	1,457,116	[1]
Premises and equipment, net	33,797	33,222	[1]
Goodwill	57,517	56,238	[1]
Other intangibles, net of accumulated amortization and fair value adjustments of $9,783 and $10,475 at September 30, 2013 and December 31, 2012, respectively	8,475	6,456	[1]
Bank owned life insurance	60,144	61,409	[1]
Accrued interest receivable and other assets	46,137	40,179	[1]
Total assets	2,252,996	2,304,841	[1]
LIABILITIES
Demand deposits, noninterest-bearing	394,983	368,948	[1]
Demand deposits, interest-bearing	658,417	638,483	[1]
Savings deposits	545,864	526,391	[1]
Time deposits	289,782	331,511	[1]
Total deposits	1,889,046	1,865,333	[1]
Customer repurchase agreements	46,733	96,282	[1]
Accrued interest payable and other liabilities	42,463	37,955	[1]
Subordinated notes		375	[1]
Junior subordinated debt owed to unconsolidated subsidiary trust		20,619	[1]
Total liabilities	1,978,242	2,020,564	[1]
SHAREHOLDERS' EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at September 30, 2013 and December 31, 2012; 18,266,404 shares issued at September 30, 2013 and December 31, 2012; 16,288,597 and 16,770,232 shares outstanding at September 30, 2013 and December 31, 2012, respectively	91,332	91,332	[1]
Additional paid-in capital	62,060	62,101	[1]
Retained earnings	170,937	164,823	[1]
Accumulated other comprehensive loss, net of taxes	(13,703)	(6,920)	[1]
Treasury stock, at cost; 1,977,807 and 1,496,172 shares at September 30, 2013 and December 31, 2012, respectively	(35,872)	(27,059)	[1]
Total shareholders' equity	274,754	284,277	[1]
Total liabilities and shareholders' equity	$ 2,252,996	$ 2,304,841	[1]

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Loans and Leases - Concessions Granted on Accruing and Nonaccrual Loans Restructured (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013 Loans	Sep. 30, 2012 Loans	Sep. 30, 2013 Loans	Sep. 30, 2012 Loans
Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	4	3	5	17
Amount	$ 2,028	$ 3,352	$ 3,028	$ 7,364
Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				3
Amount				572
Real estate-commercial real estate [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	3	1	3	5
Amount	1,569	1,621	1,569	2,630
Real estate-commercial real estate [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				1
Amount				124
Real estate-construction [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	1		1	2
Amount	459		459	1,330
Commercial, financial and agricultural [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans		2	1	10
Amount		1,731	1,000	3,404
Commercial, financial and agricultural [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				2
Amount				448
Interest Only Term Extension [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans		1	1	9
Amount		1,621	1,000	4,913
Interest Only Term Extension [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Interest Only Term Extension [Member] | Real estate-commercial real estate [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans		1		3
Amount		1,621		2,267
Interest Only Term Extension [Member] | Real estate-commercial real estate [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Interest Only Term Extension [Member] | Real estate-construction [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				2
Amount				1,330
Interest Only Term Extension [Member] | Commercial, financial and agricultural [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans			1	4
Amount			1,000	1,316
Interest Only Term Extension [Member] | Commercial, financial and agricultural [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Reduction [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	1		1	4
Amount	756		756	409
Temporary Payment Reduction [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Reduction [Member] | Real estate-commercial real estate [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	1		1	1
Amount	756		756	188
Temporary Payment Reduction [Member] | Real estate-commercial real estate [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Reduction [Member] | Real estate-construction [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Reduction [Member] | Commercial, financial and agricultural [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				3
Amount				221
Temporary Payment Reduction [Member] | Commercial, financial and agricultural [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Suspension [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Suspension [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				3
Amount				572
Temporary Payment Suspension [Member] | Real estate-commercial real estate [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Suspension [Member] | Real estate-commercial real estate [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				1
Amount				124
Temporary Payment Suspension [Member] | Real estate-construction [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Suspension [Member] | Commercial, financial and agricultural [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Temporary Payment Suspension [Member] | Commercial, financial and agricultural [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans				2
Amount				448
Maturity Date Extension [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	3	2	3	4
Amount	1,272	1,731	1,272	2,042
Maturity Date Extension [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Maturity Date Extension [Member] | Real estate-commercial real estate [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	2		2	1
Amount	813		813	175
Maturity Date Extension [Member] | Real estate-commercial real estate [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount
Maturity Date Extension [Member] | Real estate-construction [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans	1		1
Amount	459		459
Maturity Date Extension [Member] | Commercial, financial and agricultural [Member] | Accruing Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans		2		3
Amount		1,731		1,867
Maturity Date Extension [Member] | Commercial, financial and agricultural [Member] | Nonaccrual Troubled Debt Restructured Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans
Amount

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Restructuring Charges - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]
Percentage of staff reduced by the Corporation		3.40%
Restructuring charges	$ (5)	$ 539	$ 534
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		437	437
Fixed Asset Retirement [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 102

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Accumulated Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized Gains on Available-for-Sale Investment Securities			Net Change Related to Derivative Used for Cash Flow Hedge			Net Change Related to Defined Benefit Pension Plan			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2012	$	8,344		$	(1,241	)	$	(14,023	)	$	(6,920	)
Net Change		(8,524	)		1,241			500			(6,783	)
Balance, September 30, 2013	$	(180	)	$	—		$	(13,523	)	$	(13,703	)
Balance, December 31, 2011	$	7,306		$	(932	)	$	(12,475	)	$	(6,101	)
Net Change		1,909			(391	)		448			1,966
Balance, September 30, 2012	$	9,215		$	(1,323	)	$	(12,027	)	$	(4,135	)

Amounts Reclassified Out of Each Component of Accumulated Comprehensive (Loss) Income

The following table illustrates the amounts reclassified out of each component of accumulated comprehensive (loss) income for the three and nine months ended September 30, 2013 and 2012:

Details about Accumulated Other Comprehensive (Loss) Income Components	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income												Affected Line Item in the Statement of Income
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Net unrealized holding gains (losses) on available-for-sale investment securities	$	1,426		$	9		$	2,950		$	291		Net gain on sales of investment securities
		—			(4	)		—			(13	)	Other-than-temporary impairment on equity securities
		1,426			5			2,950			278		Total before tax
		(499	)		(1	)		(1,032	)		(97	)	Tax expense
	$	927		$	4		$	1,918		$	181		Net of tax
Cash flow hedge derivative:
	$	—		$	—		$	(1,866	)	$	—		Net loss on interest rate swap
		—			—			(1,866	)		—		Total before tax
		—			—			653			—		Tax benefit
	$	—		$	—		$	(1,213	)	$	—		Net of tax
Defined benefit pension plans:
Amortization of net loss included in net periodic pension costs*	$	(320	)	$	(293	)	$	(961	)	$	(882	)
Accretion of prior service cost included in net periodic pension costs*		64			64			191			192
		(256	)		(229	)		(770	)		(690	)	Total before tax
		90			81			270			242		Tax benefit
	$	(166	)	$	(148	)	$	(500	)	$	(448	)	Net of tax

* These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. (See Note 7—Retirement Plans and Other Postretirement Benefits for additional details.)

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Principles of Consolidation and Basis of Presentation

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Corporation of Pennsylvania (the Corporation) and its wholly owned subsidiaries; the Corporation’s primary subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the nine-month period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ended December 31, 2013. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the SEC on March 4, 2013.

Use of Estimates

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, valuation of goodwill and other intangible assets, mortgage servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation expense.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) which requires entities to present an unrecognized tax benefit or a portion of an unrecognized tax benefit for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, in the financial statements as a reduction to a deferred tax asset with some specified exceptions. The ASU was issued to eliminate diversity in practice on this topic. The amendment is effective for fiscal years and interim periods within those years beginning after December 15, 2013, or January 1, 2014 for the Corporation. The adoption of this ASU will not have any impact on the Corporation’s financial statements.

In February 2013, the FASB issued an ASU to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. The guidance requires entities to present, either on the face of the statement where net income is presented or in a single footnote, significant amounts that are required under U.S. GAAP to be reclassified to net income in their entirety. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to provide a cross-reference to other required U.S. GAAP disclosures. The amendment is effective for reporting periods beginning after December 15, 2012, or January 1, 2013 for the Corporation. The application of the provisions of this standard did not have a material impact on the Corporation’s financial statements although it resulted in additional disclosures which are included in Note 10, “Accumulated Other Comprehensive (Loss) Income.”

In December 2011, the FASB issued an ASU regarding disclosures about offsetting assets and liabilities. The scope of this accounting guidance was further clarified by an ASU issued by the FASB in January 2013. This guidance affects entities that have financial instruments and derivative instruments that are either (1) offset in accordance with U.S. GAAP or (2) subject to an enforceable master netting arrangement or similar agreement. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments within the scope of this guidance. The guidance is effective for annual reporting periods beginning on or after January 1, 2013. The provisions of this guidance did not have any impact on the Corporation’s financial statements.

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Loans and Leases - Reserve for Loan and Lease Losses Roll Forward (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 24,718	$ 30,502	$ 24,746	[1]	$ 29,870
Charge-offs	(4,194)	(5,832)	(10,359)		(11,560)
Recoveries	217	216	834		1,133
Provision (recovery of provision)	4,094	2,210	9,614		7,653
Ending balance	24,835	27,096	24,835		27,096
Commercial, financial and agricultural [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	11,395	12,021	11,594		11,262
Charge-offs	(812)	(4,143)	(1,973)		(7,308)
Recoveries	85	33	172		448
Provision (recovery of provision)	(152)	3,344	723		6,853
Ending balance	10,516	11,255	10,516		11,255
Real Estate-Commercial and Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	8,662	12,316	7,507		13,317
Charge-offs	(2,784)	(1,318)	(6,857)		(2,993)
Recoveries		4	48		144
Provision (recovery of provision)	2,542	(763)	7,722		(229)
Ending balance	8,420	10,239	8,420		10,239
Real estate-residential secured for business purpose [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	586	834	639		823
Charge-offs	(38)		(112)
Recoveries	1	4	9		59
Provision (recovery of provision)	682	(154)	695		(198)
Ending balance	1,231	684	1,231		684
Real Estate-Residential and Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,084	884	980		735
Charge-offs	(133)		(160)		(2)
Recoveries	2		5		3
Provision (recovery of provision)	249	62	377		210
Ending balance	1,202	946	1,202		946
Loans to individuals [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	693	719	679		730
Charge-offs	(216)	(168)	(620)		(408)
Recoveries	60	43	172		100
Provision (recovery of provision)	169	12	475		184
Ending balance	706	606	706		606
Lease financings [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,212	1,161	1,326		1,344
Charge-offs	(211)	(203)	(637)		(849)
Recoveries	69	132	428		379
Provision (recovery of provision)	198	94	151		310
Ending balance	1,268	1,184	1,268		1,184
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,086	2,567	2,021		1,659
Charge-offs
Recoveries
Provision (recovery of provision)	406	(385)	(529)		523
Ending balance	$ 1,492	$ 2,182	$ 1,492		$ 2,182

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Share Repurchase Plans - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012		Oct. 23, 2013 Subsequent Event [Member]	Sep. 30, 2013 Maximum [Member]	Oct. 23, 2013 Maximum [Member] Subsequent Event [Member]
Equity, Class of Treasury Stock [Line Items]
Shares authorized to be repurchased						643,782	800,000
Shares repurchased at cost	$ 7.4	$ 9.9
Shares repurchased	395,000	540,285
Total share outstanding	16,288,597	16,288,597	16,770,232	[1]
Percentage of Shares outstanding authorized to be repurchased under new stock repurchase plan					5.00%

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Mortgage Servicing Rights - Changes in Mortgage Servicing Rights (Detail) (Mortgage servicing rights [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Mortgage servicing rights [Member]
Servicing Asset at Amortized Cost [Line Items]
Beginning of period	$ 5,227	$ 3,276	$ 4,152	$ 2,739
Servicing rights capitalized	544	741	2,183	1,777
Amortization of servicing rights	(287)	(463)	(1,099)	(1,147)
Changes in valuation allowance		(372)	248	(187)
End of period	5,484	3,182	5,484	3,182
Mortgage loans serviced for others	$ 736,017	$ 540,735	$ 736,017	$ 540,735

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Derivative Instruments and Hedging Activities - Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments (Detail) (Not designated as hedging instrument [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	$ 48,149	$ 108,031
Derivative Assets, Fair Value	849	1,547
Derivative Liabilities, Fair Value	361	54
Interest Rate Locks with Customers [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	22,340	51,768
Forward Loan Sale Commitments [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	25,809	56,263
Other Liabilities [Member] | Forward Loan Sale Commitments [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities, Fair Value	361	54
Other Assets [Member] | Interest Rate Locks with Customers [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets, Fair Value	$ 849	$ 1,547

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Loans and Leases - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2013
Financing Receivable, Recorded Investment [Line Items]
Minimum aging of past due loans and leases current	90 days
Measure taken to reduce the risk of difference in actual value and residual value of the leased assets at maturity	The Corporation greatly reduces risk primarily by using $1.00 buyout leases, in which the entire cost of the leased equipment is included in the contractual payments, leaving no residual payment at the end of the lease terms
Other accruing impaired loans	$ 29,000,000
Specific reserves for other accruing impaired loans	1,900,000
Principal balances of other accruing impaired loans with specific reserve for loan loss	7,900,000
Maximum modification period on short-term basis	Up to one year
Restructured loan past due period	Less than ninety days past due
Minimum [Member]
Financing Receivable, Recorded Investment [Line Items]
Amount of loan relationship with risk ratings of grade 1-5 reviewed annually	500,000
Amount of loan relationship with risk ratings of grade 1-5 reviewed quarterly	2,500,000
Amount of loan relationship with risk ratings of grade six reviewed annually	500,000
Amount of loan relationship with risk rates of grade six reviewed quarterly	2,000,000
Aging period due of reviewing loans rated 1 through 6	60 days
Loan-to-value ratio for residential mortgage loans with private mortgage insurance	80.00%
Maximum [Member]
Financing Receivable, Recorded Investment [Line Items]
Amount of loan relationship with risk ratings of grade 1-5 reviewed annually	2,500,000
Amount of loan relationship due for review after 60 or more past due days	500,000
Amount of loan relationship with risk ratings of grade six reviewed annually	$ 2,000,000
Loan-to-value ratio for residential mortgage loans without private mortgage insurance	80.00%
Combined loan-to-value ratio for home equity loans without private mortgage insurance	80.00%
Combined loan-to-value ratio for home equity loans without private mortgage insurance for corporations strongest profile borrower	85.00%

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Investment Securities - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2013 Investment	Dec. 31, 2012 Investment
Investments Debt And Equity Securities [Abstract]
Carrying value of securities pledged to secure public deposits and for other purposes as required by law			$ 330,800,000	$ 368,200,000
Realized other-than-temporary impairment charges to noninterest income on equity portfolio	$ 4,000	$ 13,000
Number of investments in non federal issuer representing more than 10% of shareholders' equity			0	0
Maximum investment in any single non-federal issuer representing shareholders' equity			10.00%	10.00%

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Investment Securities - Information Related to Sales of Securities Available-for-Sale (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Securities available-for-sale:
Proceeds from sales	$ 58,148	$ 57,162
Gross realized gains on sales	2,957	1,187
Gross realized losses on sales	7	896
Tax expense related to net realized gains on sales	$ 1,033	$ 102

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Mortgage Servicing Rights

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Mortgage Servicing Rights

Note 5. Mortgage Servicing Rights

The Corporation has originated mortgage servicing rights which are included in other intangible assets on the consolidated balance sheets. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing income on a basis similar to the interest method and an accelerated amortization method for loan payoffs. Mortgage servicing rights are subject to impairment testing on a quarterly basis. The aggregate fair value of these rights was $7.0 million and $4.2 million at September 30, 2013 and December 31, 2012, respectively. The fair value of mortgage servicing rights was determined using discount rates ranging from 5.1% to 10.0% at September 30, 2013 and 5.0% to 10.0% at December 31, 2012.

Changes in the mortgage servicing rights balance are summarized as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Beginning of period	$	5,227		$	3,276		$	4,152		$	2,739
Servicing rights capitalized		544			741			2,183			1,777
Amortization of servicing rights		(287	)		(463	)		(1,099	)		(1,147	)
Changes in valuation allowance		—			(372	)		248			(187	)
End of period	$	5,484		$	3,182		$	5,484		$	3,182
Mortgage loans serviced for others	$	736,017		$	540,735		$	736,017		$	540,735

Activity in the valuation allowance for mortgage servicing rights was as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Valuation allowance, beginning of period	$	(249	)	$	(608	)	$	(497	)	$	(793	)
Additions		—			(372	)		—			(187	)
Reductions		—			—			248			—
Direct write-downs		—			—			—			—
Valuation allowance, end of period	$	(249	)	$	(980	)	$	(249	)	$	(980	)

The estimated amortization expense of mortgage servicing rights for the remainder of 2013 and the succeeding fiscal years is as follows:

Year (Dollars in thousands)	Amount
Remainder of 2013	$	218
2014		801
2015		700
2016		602
2017		510
Thereafter		2,653

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Accumulated Other Comprehensive (Loss) Income - Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ (6,920)	[1]	$ (6,101)
Net Change	(474)	1,760	(6,783)		1,966
Ending balance	(13,703)	(4,135)	(13,703)		(4,135)
Net Unrealized Holding Gains (Losses) on Available-for-Sale Investment Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			8,344		7,306
Net Change			(8,524)		1,909
Ending balance	(180)	9,215	(180)		9,215
Net Change Related to Derivative Used for Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(1,241)		(932)
Net Change			1,241		(391)
Ending balance		(1,323)			(1,323)
Net Change Related to Defined Benefit Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(14,023)		(12,475)
Net Change			500		448
Ending balance	$ (13,523)	$ (12,027)	$ (13,523)		$ (12,027)

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at September 30, 2013 and December 31, 2012:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2013
Interest rate locks with customers	$	22,340	Other Assets	$	849	—	$	—
Forward loan sale commitments		25,809	—		—	Other Liabilities		361
Total	$	48,149		$	849		$	361
At December 31, 2012
Interest rate locks with customers	$	51,768	Other Assets	$	1,547	—	$	—
Forward loan sale commitments		56,263	—		—	Other Liabilities		54
Total	$	108,031		$	1,547		$	54

Notional Amounts and Fair Values of Derivatives Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at September 30, 2013 and December 31, 2012:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet  Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2013
Interest rate swap – cash flow hedge	$	—	—	$	—	—	$	—
Total	$	—		$	—		$	—
At December 31, 2012
Interest rate swap – cash flow hedge	$	20,000	—	$	—	Other Liabilities	$	1,909
Total	$	20,000		$	—		$	1,909

Income for Derivatives Not Designated as Hedging Instruments

For the three and nine months ended September 30, 2013 and 2012, the amounts included in the consolidated statements of income for derivatives not designated as hedging instruments are shown in the table below:

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
(Dollars in thousands)	Statement of Income Classification	2013			2012			2013			2012
Interest rate locks with customers	Net gain (loss) on mortgage banking activities	$	913		$	1,394		$	(698	)	$	2,341
Forward loan sale commitments	Net loss on mortgage banking activities		(1,133	)		(617	)		(307	)		(727	)
Total		$	(220	)	$	777		$	(1,005	)	$	1,614

Income for Derivatives Designated as Hedging Instruments

For the three and nine months ended September 30, 2013 and 2012, the amounts included in the consolidated statements of income for derivatives designated as hedging instruments are shown in the table below:

		Three Months Ended					Nine Months Ended
	Statement of Income	September 30,					September 30,
(Dollars in thousands)	Classification	2013		2012			2013			2012
Interest rate swap – cash flow hedge – loss on termination	Net loss on termination of interest rate swap	$	—	$	—		$	(1,866	)	$	—
Interest rate swap – cash flow hedge – interest payments	Interest expense		—		112			124			331
Interest rate swap – cash flow hedge—ineffectiveness	Interest expense		—		—			—			—
Net loss		$	—	$	(112	)	$	(1,990	)	$	(331	)

Amounts Included in Accumulated Other Comprehensive (Loss) Income for Derivatives Designated as Hedging Instruments

At September 30, 2013 and December 31, 2012, the amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments are shown in the table below:

(Dollars in thousands)	Accumulated other comprehensive (loss) income	At September 30, 2013		At December 31, 2012
Interest rate swap – cash flow hedge	Fair value, net of taxes	$	—	$	(1,241	)
Total		$	—	$	(1,241	)

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Loans and Leases - Non-Performing Loans and Leases (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Receivables [Abstract]
Nonaccrual troubled debt restructured loans and lease modifications	$ 1,600	$ 579

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Trust Preferred Securities

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Trust Preferred Securities

Note 8. Trust Preferred Securities

On May 14, 2013, the Corporation submitted a redemption notice to the trustee to redeem all of the outstanding capital securities issued by Univest Capital Trust I (Trust Preferred Securities), pursuant to the optional redemption provisions provided in the documents governing the Trust Preferred Securities. The Trust Preferred Securities had an aggregate principal balance of $20.0 million with an interest rate of three-month U.S. London Interbank Borrowing Rate (LIBOR) plus 3.05% per annum and a maturity date of October 7, 2033. The Trust Preferred Securities had a liquidation amount of $1,000 per trust preferred security plus accrued and unpaid distributions to the redemption date of July 7, 2013 and a settlement date Monday, July 8, 2013. The redemption also included $619 thousand in common securities issued by Univest Capital Trust I and related to the Trust Preferred Securities. Following the redemption, the Corporation’s capital levels remained well in excess of the regulatory minimum for well capitalized status.

This redemption is consistent with the capital plan the Corporation submitted to the Federal Reserve and was funded from the Corporation’s existing cash. The Trust Preferred Securities were hedged and the Corporation recognized a loss in May 2013 on the termination of the associated interest rate swap of $1.9 million. The interest rate swap had a maturity date of January 7, 2019. The Corporation expects to save approximately $600 thousand in interest expense during 2013 and approximately $1.1 million annually thereafter over what would have been the remaining term of the Trust Preferred Securities and related interest rate swap.

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Fair Value Disclosures - Assets, Liabilities and Off-balance Sheet Items Not Measured at Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Assets:
Held-to-maturity securities	$ 70,079	$ 71,327	[1]
Deposits:
Time deposits	289,782	331,511	[1]
Reported Value Measurement [Member]
Assets:
Cash and short-term interest-earning assets	79,458	146,112
Held-to-maturity securities	69,214	69,845
Loans held for sale	3,489	4,530
Net loans and leases held for investment	1,437,698	1,412,140
Mortgage servicing rights	5,484
Other real estate owned	1,650
Total assets	1,596,993	1,632,627
Deposits:
Demand and savings deposits, non-maturity	1,599,264	1,533,822
Time deposits	289,782	331,511
Total deposits	1,889,046	1,865,333
Short-term borrowings	46,733	96,282
Long-term borrowings		20,994
Total liabilities	1,935,779	1,982,609
Off-Balance-Sheet:
Commitments to extend credit
Estimate of Fair Value Measurement [Member]
Assets:
Cash and short-term interest-earning assets	79,458	146,112
Held-to-maturity securities	70,079	71,327
Loans held for sale	3,574	4,653
Net loans and leases held for investment	1,457,592	1,433,990
Mortgage servicing rights	7,029
Other real estate owned	1,650
Total assets	1,619,382	1,656,082
Deposits:
Demand and savings deposits, non-maturity	1,599,264	1,533,822
Time deposits	288,271	334,164
Total deposits	1,887,535	1,867,986
Short-term borrowings	44,841	94,066
Long-term borrowings		20,965
Total liabilities	1,932,376	1,983,017
Off-Balance-Sheet:
Commitments to extend credit	(1,342)	(1,286)
Estimate of Fair Value Measurement [Member] | Level 1 [Member]
Assets:
Cash and short-term interest-earning assets	79,458	146,112
Held-to-maturity securities
Loans held for sale
Net loans and leases held for investment
Mortgage servicing rights
Other real estate owned
Total assets	79,458	146,112
Deposits:
Demand and savings deposits, non-maturity	1,599,264	1,533,822
Time deposits
Total deposits	1,599,264	1,533,822
Short-term borrowings
Long-term borrowings
Total liabilities	1,599,264	1,533,822
Off-Balance-Sheet:
Commitments to extend credit
Estimate of Fair Value Measurement [Member] | Level 2 [Member]
Assets:
Cash and short-term interest-earning assets
Held-to-maturity securities	70,079	71,327
Loans held for sale	3,574	4,653
Net loans and leases held for investment
Mortgage servicing rights	7,029
Other real estate owned	1,650
Total assets	82,332	75,980
Deposits:
Demand and savings deposits, non-maturity
Time deposits	288,271	334,164
Total deposits	288,271	334,164
Short-term borrowings	44,841	94,066
Long-term borrowings		20,965
Total liabilities	333,112	449,195
Off-Balance-Sheet:
Commitments to extend credit	(1,342)	(1,286)
Estimate of Fair Value Measurement [Member] | Level 3 [Member]
Assets:
Cash and short-term interest-earning assets
Held-to-maturity securities
Loans held for sale
Net loans and leases held for investment	1,457,592	1,433,990
Mortgage servicing rights
Other real estate owned
Total assets	1,457,592	1,433,990
Deposits:
Demand and savings deposits, non-maturity
Time deposits
Total deposits
Short-term borrowings
Long-term borrowings
Total liabilities
Off-Balance-Sheet:
Commitments to extend credit

[1] Note: The consolidated balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. See accompanying notes to the unaudited consolidated financial statements.

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Loans and Leases

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Loans and Leases

Note 4. Loans and Leases

Summary of Major Loan and Lease Categories

(Dollars in thousands)	At September 30, 2013			At December 31, 2012
Commercial, financial and agricultural	$	430,818		$	468,421
Real estate-commercial		606,030			530,122
Real estate-construction		74,847			91,250
Real estate-residential secured for business purpose		35,673			35,179
Real estate-residential secured for personal purpose		143,374			146,526
Real estate-home equity secured for personal purpose		90,527			82,727
Loans to individuals		42,211			43,780
Lease financings		102,761			83,857
Total loans and leases held for investment, net of deferred income	$	1,526,241		$	1,481,862
Unearned lease income, included in the above table	$	(14,192	)	$	(12,355	)
Net deferred costs (fees), included in the above table	$	2,523		$	1,432
Overdraft deposits included in the above table	$	156		$	128

Overdraft deposits are re-classified as loans and are included in the total loans and leases on the balance sheet.

Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases greater than 90 days past due which are accruing interest at September 30, 2013 and December 31, 2012:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest
At September 30, 2013
Commercial, financial and agricultural	$	4,169	$	972	$	1,047	$	6,188	$	424,630	$	430,818	$	300
Real estate—commercial real estate and construction:
Commercial real estate		651		1,364		6,405		8,420		597,610		606,030		641
Construction		—		—		8,742		8,742		66,105		74,847		—
Real estate—residential and home equity:
Residential secured for business purpose		411		180		226		817		34,856		35,673		—
Residential secured for personal purpose		1,122		197		619		1,938		141,436		143,374		619
Home equity secured for personal purpose		341		76		51		468		90,059		90,527		51
Loans to individuals		496		255		299		1,050		41,161		42,211		299
Lease financings		1,592		1,372		271		3,235		99,526		102,761		44
Total	$	8,782	$	4,416	$	17,660	$	30,858	$	1,495,383	$	1,526,241	$	1,954

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest
At December 31, 2012
Commercial, financial and agricultural	$	586	$	313	$	754	$	1,653	$	466,768	$	468,421	$	—
Real estate—commercial real estate and construction:
Commercial real estate		8,266		—		5,894		14,160		515,962		530,122		—
Construction		306		—		13,150		13,456		77,794		91,250		—
Real estate—residential and home equity:
Residential secured for business purpose		1,663		69		103		1,835		33,344		35,179		—
Residential secured for personal purpose		1,617		152		—		1,769		144,757		146,526		—
Home equity secured for personal purpose		276		64		54		394		82,333		82,727		54
Loans to individuals		551		153		347		1,051		42,729		43,780		347
Lease financings		1,001		273		426		1,700		82,157		83,857		40
Total	$	14,266	$	1,024	$	20,728	$	36,018	$	1,445,844	$	1,481,862	$	441

Non-Performing Loans and Leases

The following presents, by class of loans and leases, non-performing loans and leases at September 30, 2013 and December 31, 2012:

	At September 30, 2013								At December 31, 2012
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases Greater than 90 Days Past Due and Accruing Interest		Total Non- Performing Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases Greater than 90 Days Past Due and Accruing Interest		Total Non- Performing Loans and Leases
Commercial, financial and agricultural	$	3,778	$	1,406	$	300	$	5,484	$	2,842	$	480	$	—	$	3,322
Real estate—commercial real estate and construction:
Commercial real estate		9,858		10,499		641		20,998		14,340		10,523		—		24,863
Construction		9,165		2,164		—		11,329		13,588		2,397		—		15,985
Real estate—residential and home equity:
Residential secured for business purpose		226		—		—		226		172		—		—		172
Residential secured for personal purpose		720		—		619		1,339		804		—		—		804
Home equity secured for personal purpose		—		—		51		51		—		—		54		54
Loans to individuals		—		37		299		336		—		38		347		385
Lease financings		227		—		44		271		386		19		40		445
Total	$	23,974	$	14,106	$	1,954	$	40,034	$	32,132	$	13,457	$	441	$	46,030

* Includes nonaccrual troubled debt restructured loans and lease modifications of $1.6 million and $579 thousand at September 30, 2013 and December 31, 2012, respectively.

Credit Quality Indicators

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at September 30, 2013 and December 31, 2012.

The Corporation employs a ten (10) grade risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. Loans with risk ratings of one through five are reviewed based on the relationship dollar amount with the borrower: loans with a relationship total of $2.5 million or greater are reviewed quarterly; loans with a relationship balance of less than $2.5 million but greater than $500 thousand are reviewed annually based on the borrower’s fiscal year; loans with a relationship balance of less than $500 thousand are reviewed only if the loan becomes 60 days or more past due. Loans with risk ratings of six are also reviewed based on the relationship dollar amount with the borrower: loans with a relationship balance of $2.0 million or greater are reviewed quarterly; loans with a relationship balance of less than $2.0 million but greater than $500 thousand are reviewed annually; loans with a relationship balance of less than $500 thousand are reviewed only if the loan becomes 60 days or more past due. Loans with risk ratings of seven are reviewed at least quarterly, and as often as monthly, at management’s discretion. Loans with risk ratings of eight through ten are reviewed monthly.

1. Cash Secured – No credit risk

2. Fully Secured – Negligible credit risk

3. Strong – Minimal credit risk

4. Satisfactory – Nominal credit risk

5. Acceptable – Moderate credit risk

6. Pre-Watch – Marginal, but stable credit risk

7. Special Mention – Potential weakness

8. Substandard – Well-defined weakness

9. Doubtful – Collection in-full improbable

10. Loss – Considered uncollectible

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

	At September 30, 2013
(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate — Commercial		Real Estate — Construction		Real Estate — Residential Secured for Business Purpose		Total
Grade:
1. Cash secured/ 2. Fully secured	$	4,498	$	2,031	$	1,550	$	—	$	8,079
3. Strong		5,534		9,119		4,288		—		18,941
4. Satisfactory		33,136		17,579		1,602		107		52,424
5. Acceptable		246,455		376,724		33,898		25,721		682,798
6. Pre-watch		98,524		121,054		21,282		5,351		246,211
7. Special Mention		15,897		22,169		—		1,919		39,985
8. Substandard		26,410		57,305		12,227		2,575		98,517
9. Doubtful		364		49		—		—		413
10. Loss		—		—		—		—		—
Total	$	430,818	$	606,030	$	74,847	$	35,673	$	1,147,368

	At December 31, 2012
(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate — Commercial		Real Estate — Construction		Real Estate — Residential Secured for Business Purpose		Total
Grade:
1. Cash secured/ 2. Fully secured	$	2,263	$	—	$	—	$	—	$	2,263
3. Strong		5,227		9,591		3,907		—		18,725
4. Satisfactory		40,747		25,837		1,783		335		68,702
5. Acceptable		260,042		321,194		26,331		22,764		630,331
6. Pre-watch		106,436		110,476		42,190		8,458		267,560
7. Special Mention		31,825		16,187		548		288		48,848
8. Substandard		21,881		45,844		16,491		3,334		87,550
9. Doubtful		—		993		—		—		993
10. Loss		—		—		—		—		—
Total	$	468,421	$	530,122	$	91,250	$	35,179	$	1,124,972

Credit Exposure – Real Estate—Residential Secured for Personal Purpose, Real Estate—Home Equity Secured for Personal Purpose, Loans to individuals, Lease Financing Credit Risk Profile by Payment Activity

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: residential real estate loans secured for a personal purpose, home equity loans secured for a personal purpose, loans to individuals and lease financings. Nonperforming loans and leases are loans past due 90 days or more, loans and leases on nonaccrual of interest and troubled debt restructured loans and lease modifications. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Nonperforming loans and leases are reviewed monthly. Performing loans and leases have a nominal to moderate risk of loss. Nonperforming loans and leases are loans or leases with a well-defined weakness and where collection in-full is improbable.

	At September 30, 2013
(Dollars in thousands)	Real Estate — Residential Secured for Personal Purpose		Real Estate — Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
Performing	$	142,035	$	90,476	$	41,875	$	102,490	$	376,876
Nonperforming		1,339		51		336		271		1,997
Total	$	143,374	$	90,527	$	42,211	$	102,761	$	378,873

	At December 31, 2012
(Dollars in thousands)	Real Estate — Residential Secured for Personal Purpose		Real Estate — Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
Performing	$	145,722	$	82,673	$	43,395	$	83,412	$	355,202
Nonperforming		804		54		385		445		1,688
Total	$	146,526	$	82,727	$	43,780	$	83,857	$	356,890

Risks associated with lending activities include, among other things, the impact of changes in interest rates and economic conditions, which may adversely impact the ability of borrowers to repay outstanding loans, and impact the value of the associated collateral.

Commercial, financial and agricultural loans, commercial real estate loans, construction loans and residential real estate loans with a business purpose are generally perceived as having more risk of default than residential real estate loans with a personal purpose and consumer loans. These types of loans involve larger loan balances to a single borrower or groups of related borrowers. Commercial real estate loans may be affected to a greater extent than residential loans by adverse conditions in real estate markets or the economy because commercial real estate borrowers’ ability to repay their loans depends on successful development of their properties and factors affecting residential real estate borrowers.

Commercial, financial and agricultural business loans are typically based on the borrowers’ ability to repay the loans from the cash flow of their businesses. These loans may involve greater risk because the availability of funds to repay each loan depends substantially on the success of the business itself. In addition, the collateral securing the loans often depreciates over time, is difficult to appraise and liquidate and fluctuates in value based on the success of the business.

Risk of loss on a construction loan depends largely upon whether our initial estimate of the property’s value at completion of construction equals or exceeds the cost of the property construction (including interest). During the construction phase, a number of factors can result in delays and cost overruns. If estimates of value are inaccurate or if actual construction costs exceed estimates, the value of the property securing the loan may be insufficient to ensure full repayment when completed through a permanent loan or by seizure of collateral. Included in real estate-construction is track development financing. Risk factors related to track development financing include the demand for residential housing and the real estate valuation market. When projects move slower than anticipated, the properties may have significantly lower values than when the original underwriting was completed, resulting in lower collateral values to support the loan. Extended time frames also cause the interest carrying cost for a project to be higher than the builder projected, negatively impacting the builder’s profit and cash flow and, therefore, their ability to make principal and interest payments.

Commercial real estate loans and residential real estate loans with a business purpose secured by owner-occupied properties are dependent upon the successful operation of the borrower’s business. If the operating company suffers difficulties in terms of sales volume and/or profitability, the borrower’s ability to repay the loan may be impaired. Loans secured by properties where repayment is dependent upon payment of rent by third party tenants or the sale of the property may be impacted by loss of tenants, lower lease rates needed to attract new tenants or the inability to sell a completed project in a timely fashion and at a profit.

Commercial, financial and agricultural loans, commercial real estate loans, construction loans and residential real estate loans secured for a business purpose are more susceptible to a risk of loss during a downturn in the business cycle. The Corporation has strict underwriting, review, and monitoring procedures in place, however, these procedures cannot eliminate all of the risks related to these loans.

The Corporation focuses on both assessing the borrower’s capacity and willingness to repay and on obtaining sufficient collateral. Commercial, financial and agricultural loans are generally secured by the borrower’s assets and by personal guarantees. Commercial real estate and residential real estate loans secured for a business purpose are originated primarily within the Southeastern Pennsylvania market area at conservative loan-to-value ratios and often by a guarantee of the borrowers. Management closely monitors the composition and quality of the total commercial loan portfolio to ensure that any credit concentrations by borrower or industry are closely monitored.

The Corporation originates fixed-rate and adjustable-rate real estate-residential mortgage loans that are secured by the underlying 1- to 4-family residential properties for personal purposes. Credit risk exposure in this area of lending is minimized by the evaluation of the credit worthiness of the borrower, including debt-to-equity ratios, credit scores and adherence to underwriting policies that emphasize conservative loan-to-value ratios of generally no more than 80%. Residential mortgage loans granted in excess of the 80% loan-to-value ratio criterion are generally insured by private mortgage insurance.

In the real estate-home equity loan portfolio secured for a personal purpose, credit exposure is minimized by the evaluation of the creditworthiness of the borrower, including debt-to-equity ratios, credit scores and adherence to the Corporation’s underwriting policies. Combined loan-to-value ratios are generally limited to 80%, but increased to 85% for the Corporation’s strongest profile borrower. Other credit considerations and compensating factors may warrant higher combined loan-to-value ratios.

Credit risk for direct consumer loans is controlled by strict adherence to conservative underwriting standards that consider debt-to-income levels and the creditworthiness of the borrower and, if secured, collateral values. These loans are included within the portfolio of loans to individuals.

The primary risks that are involved with lease financing receivables are credit underwriting and borrower industry concentrations. The Corporation has strict underwriting, review, and monitoring procedures in place to mitigate this risk. Risk also lies in the residual value of the underlying equipment. Residual values are subject to judgments as to the value of the underlying equipment that can be affected by changes in economic and market conditions and the financial viability of the residual guarantors and insurers. To the extent not guaranteed or assumed by a third party, or otherwise insured against, the Corporation bears the risk of ownership of the leased assets. This includes the risk that the actual value of the leased assets at the end of the lease term will be less than the residual value. The Corporation greatly reduces this risk primarily by using $1.00 buyout leases, in which the entire cost of the leased equipment is included in the contractual payments, leaving no residual payment at the end of the lease terms.

Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method for the three and nine months ended September 30, 2013 and 2012:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended September 30, 2013
Reserve for loan and lease losses:
Beginning balance	$	11,395		$	8,662		$	586		$	1,084		$	693		$	1,212		$	1,086		$	24,718
Charge-offs		(812	)		(2,784	)		(38	)		(133	)		(216	)		(211	)		N/A			(4,194	)
Recoveries		85			—			1			2			60			69			N/A			217
(Recovery of provision) provision		(152	)		2,542			682			249			169			198			406			4,094
Ending balance	$	10,516		$	8,420		$	1,231		$	1,202		$	706		$	1,268		$	1,492		$	24,835
Three Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	12,021		$	12,316		$	834		$	884		$	719		$	1,161		$	2,567		$	30,502
Charge-offs *		(4,143	)		(1,318	)		—			—			(168	)		(203	)		N/A			(5,832	)
Recoveries		33			4			4			—			43			132			N/A			216
Provision (recovery of provision)		3,344			(763	)		(154	)		62			12			94			(385	)		2,210
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182		$	27,096

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Nine Months Ended September 30, 2013
Reserve for loan and lease losses:
Beginning balance	$	11,594		$	7,507		$	639		$	980		$	679		$	1,326		$	2,021		$	24,746
Charge-offs		(1,973	)		(6,857	)		(112	)		(160	)		(620	)		(637	)		N/A			(10,359	)
Recoveries		172			48			9			5			172			428			N/A			834
Provision (recovery of provision)		723			7,722			695			377			475			151			(529	)		9,614
Ending balance	$	10,516		$	8,420		$	1,231		$	1,202		$	706		$	1,268		$	1,492		$	24,835
Nine Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	11,262		$	13,317		$	823		$	735		$	730		$	1,344		$	1,659		$	29,870
Charge-offs *		(7,308	)		(2,993	)		—			(2	)		(408	)		(849	)		N/A			(11,560	)
Recoveries		448			144			59			3			100			379			N/A			1,133
Provision (recovery of provision)		6,853			(229	)		(198	)		210			184			310			523			7,653
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182		$	27,096

N/A – Not applicable

* Includes charge-offs of $1.3 million on commercial real estate loans which were subsequently transferred to loans held for sale at September 2012.

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At September 30, 2013
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	2,210	$	111	$	775	$	—	$	—	$	—	$	N/A	$	3,096
Ending balance: collectively evaluated for impairment		8,306		8,309		456		1,202		706		1,268		1,492		21,739
Total ending balance	$	10,516	$	8,420	$	1,231	$	1,202	$	706	$	1,268	$	1,492	$	24,835
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	14,029	$	50,242	$	1,776	$	720	$	37	$	—			$	66,804
Ending balance: collectively evaluated for impairment		416,789		630,635		33,897		233,181		42,174		102,761				1,459,437
Total ending balance	$	430,818	$	680,877	$	35,673	$	233,901	$	42,211	$	102,761			$	1,526,241

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At September 30, 2012
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	428	$	262	$	—	$	—	$	—	$	—	$	N/A	$	690
Ending balance: collectively evaluated for impairment		10,827		9,977		684		946		606		1,184		2,182		26,406
Total ending balance	$	11,255	$	10,239	$	684	$	946	$	606	$	1,184	$	2,182	$	27,096
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	4,232	$	35,976	$	175	$	323	$	48	$	—			$	40,754
Ending balance: collectively evaluated for impairment		471,893		575,012		32,645		230,067		42,578		76,562				1,428,757
Total ending balance	$	476,125	$	610,988	$	32,820	$	230,390	$	42,626	$	76,562			$	1,469,511

N/A – Not applicable

Impaired Loans

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not an allowance for credit losses and the amounts for which there is an allowance for credit losses at September 30, 2013 and December 31, 2012:

	At September 30, 2013						At December 31, 2012
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired loans with no related allowance recorded:
Commercial, financial and agricultural	$	8,037	$	9,961			$	2,646	$	4,504
Real estate—commercial real estate		36,500		46,604				24,863		30,991
Real estate—construction		12,227		14,410				15,985		17,959
Real estate—residential secured for business purpose		226		238				172		184
Real estate—residential secured for personal purpose		720		739				804		804
Loans to individuals		37		55				38		55
Total impaired loans with no allowance recorded	$	57,747	$	72,007			$	44,508	$	54,497
Impaired loans with an allowance recorded:
Commercial, financial and agricultural	$	5,992	$	6,075	$	2,210	$	676	$	717	$	208
Real estate—commercial real estate		1,515		1,515		111		—		—		—
Real estate—residential secured for business purpose		1,550		1,550		775		—		—		—
Total impaired loans with an allowance recorded	$	9,057	$	9,140	$	3,096	$	676	$	717	$	208
Total impaired loans:
Commercial, financial and agricultural	$	14,029	$	16,036	$	2,210	$	3,322	$	5,221	$	208
Real estate—commercial real estate		38,015		48,119		111		24,863		30,991		—
Real estate—construction		12,227		14,410		—		15,985		17,959		—
Real estate—residential secured for business purpose		1,776		1,788		775		172		184		—
Real estate—residential secured for personal purpose		720		739		—		804		804		—
Loans to individuals		37		55		—		38		55		—
Total impaired loans	$	66,804	$	81,147	$	3,096	$	45,184	$	55,214	$	208

Impaired loans includes nonaccrual loans and leases, accruing troubled debt restructured loans and lease modifications and other accruing impaired loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the contractual terms. These loans are individually measured to determine the amount of potential impairment. The loans are reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates. At September 30, 2013, impaired loans included other accruing impaired loans of $29.0 million. At September 30, 2013, specific reserves of $1.9 million were established for four borrower relationships with principal balances totaling $7.9 million on other accruing impaired loans.

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method.

	Three Months Ended September 30, 2013						Three Months Ended September 30, 2012
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	—	$	—	$	—	$	650	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		5,971		29		70		5,474		23		71
Real estate—commercial real estate		22,789		171		150		20,525		69		257
Real estate—construction		14,544		25		184		16,324		33		190
Real estate—residential secured for business purpose		585		2		2		176		—		2
Real estate—residential secured for personal purpose		725		—		11		320		—		5
Real estate—home equity secured for personal purpose		—		—		—		—		—		—
Loans to individuals		37		1		—		48		1		—
Total	$	44,651	$	228	$	417	$	43,517	$	126	$	525

* Includes interest income recognized on a cash basis for nonaccrual loans of $0 thousand for both the three months ended September 30, 2013 and 2012 and interest income recognized on accrual method for accruing impaired loans of $228 thousand and $126 thousand for the three months ended September 30, 2013 and 2012, respectively.

	Nine Months Ended September 30, 2013						Nine Months Ended September 30, 2012
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	—	$	—	$	—	$	260	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		3,985		45		132		5,542		56		223
Real estate—commercial real estate		23,138		473		566		20,417		156		783
Real estate—construction		15,291		81		553		16,238		85		575
Real estate—residential secured for business purpose		341		2		7		150		—		5
Real estate—residential secured for personal purpose		758		—		35		188		—		9
Real estate—home equity secured for personal purpose		2		—		—		3		—		—
Loans to individuals		41		3		—		49		4		—
Total	$	43,556	$	604	$	1,293	$	42,847	$	301	$	1,595

* Includes interest income recognized on a cash basis for nonaccrual loans of $6 thousand and $8 thousand for the nine months ended September 30, 2013 and 2012, respectively and interest income recognized on accrual method for accruing impaired loans of $598 thousand and $293 thousand for the nine months ended September 30, 2013 and 2012, respectively.

Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended September 30, 2013								Three Months Ended September 30, 2012
(Dollars in thousands)	Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance		Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—	$	—	$	—		2	$	1,731	$	1,731	$	—
Real estate—commercial real estate		3		1,569		1,569		—		1		1,621		1,621		—
Real estate—construction		1		459		459		—		—		—		—		—
Total		4	$	2,028	$	2,028	$	—		3	$	3,352	$	3,352	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—	$	—	$	—		—	$	—	$	—	$	—

	Nine Months Ended September 30, 2013								Nine Months Ended September 30, 2012
(Dollars in thousands)	Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance		Number of Loans		Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Allowance
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000	$	1,000	$	—		10	$	3,404	$	3,404	$	—
Real estate—commercial real estate		3		1,569		1,569		—		5		2,630		2,630		—
Real estate—construction		1		459		459		—		2		1,330		1,330		—
Total		5	$	3,028	$	3,028	$	—		17	$	7,364	$	7,364	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—	$	—	$	—		2	$	448	$	448	$	—
Real estate—commercial real estate		—		—		—		—		1		124		124		—
Total		—	$	—	$	—	$	—		3	$	572	$	572	$	—

The Corporation grants concessions primarily related to extensions of interest-only payment periods and an occasional payment modification. These modifications typically are on a short-term basis up to one year. Our goal when restructuring a credit is to afford the customer a reasonable period of time to provide cash flow relief to customers experiencing cash flow difficulties. Accruing troubled debt restructured loans are primarily comprised of loans on which interest is being accrued under the restructured terms, and the loans are current or less than ninety days past due.

The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended September 30, 2013
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Real estate—commercial real estate		—	$	—		1	$	756		—	$	—		2	$	813		3	$	1,569
Real estate—construction		—		—		—		—		—		—		1		459		1		459
Total		—	$	—		1	$	756		—	$	—		3	$	1,272		4	$	2,028
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Three Months Ended September 30, 2012
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—		—	$	—		—	$	—		2	$	1,731		2	$	1,731
Real estate—commercial real estate		1		1,621		—		—		—		—		—		—		1		1,621
Total		1	$	1,621		—	$	—		—	$	—		2	$	1,731		3	$	3,352
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Nine Months Ended September 30, 2013
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000		—	$	—		—	$	—		—	$	—		1	$	1,000
Real estate—commercial real estate		—		—		1		756		—		—		2		813		3		1,569
Real estate—construction		—		—		—		—		—		—		1		459		1		459
Total		1	$	1,000		1	$	756		—	$	—		3	$	1,272		5	$	3,028
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—		—	$	—

	Nine Months Ended September 30, 2012
	Interest Only Term Extension				Temporary Payment Reduction				Temporary Payment Suspension				Maturity Date Extension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		4	$	1,316		3	$	221		—	$	—		3	$	1,867		10	$	3,404
Real estate—commercial real estate		3		2,267		1		188		—		—		1		175		5		2,630
Real estate—construction		2		1,330		—		—		—		—		—		—		2		1,330
Total		9	$	4,913		4	$	409		—	$	—		4	$	2,042		17	$	7,364
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—		—	$	—		2	$	448		—	$	—		2	$	448
Real estate—commercial real estate		—		—		—		—		1		124		—		—		1		124
Total		—	$	—		—	$	—		3	$	572		—	$	—		3	$	572

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there was a payment default within twelve months of the restructuring date:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2013				2012				2013				2012
(Dollars in thousands)	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		1	$	1,000		—	$	—		4	$	1,230		—	$	—
Total		1	$	1,000		—	$	—		4	$	1,230		—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—		—	$	—		—	$	—

XML

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash dividends declared per share	$ 0.60	$ 0.60
Retained Earnings [Member]
Cash dividends declared per share	$ 0.60	$ 0.60

XML

Loans and Leases - Accruing and Nonaccrual Troubled Debt Restructured Loans with Payment Default (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013 Loans	Sep. 30, 2012 Loans	Sep. 30, 2013 Loans	Sep. 30, 2012 Loans
Accruing Troubled Debt Restructured Loans [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans	1		4
Recorded Investment	$ 1,000		$ 1,230
Accruing Troubled Debt Restructured Loans [Member] | Commercial, financial and agricultural [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans	1		4
Recorded Investment	1,000		1,230
Nonaccrual Troubled Debt Restructured Loans [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans
Recorded Investment

XML

Loans and Leases - Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	$ 57,747	$ 44,508
Impaired loans with no related allowance, Unpaid Principal Balance	72,007	54,497
Impaired loans with an allowance recorded, Recorded Investment	9,057	676
Impaired loans with an allowance recorded, Unpaid Principal Balance	9,140	717
Total impaired loans, Recorded Investment	66,804	45,184
Total impaired loans, Unpaid Principal Balance	81,147	55,214
Total impaired loans, Related Allowance	3,096	208
Commercial, financial and agricultural [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	8,037	2,646
Impaired loans with no related allowance, Unpaid Principal Balance	9,961	4,504
Impaired loans with an allowance recorded, Recorded Investment	5,992	676
Impaired loans with an allowance recorded, Unpaid Principal Balance	6,075	717
Total impaired loans, Recorded Investment	14,029	3,322
Total impaired loans, Unpaid Principal Balance	16,036	5,221
Total impaired loans, Related Allowance	2,210	208
Real estate-commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	36,500	24,863
Impaired loans with no related allowance, Unpaid Principal Balance	46,604	30,991
Impaired loans with an allowance recorded, Recorded Investment	1,515
Impaired loans with an allowance recorded, Unpaid Principal Balance	1,515
Total impaired loans, Recorded Investment	38,015	24,863
Total impaired loans, Unpaid Principal Balance	48,119	30,991
Total impaired loans, Related Allowance	111
Real estate-construction [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	12,227	15,985
Impaired loans with no related allowance, Unpaid Principal Balance	14,410	17,959
Total impaired loans, Recorded Investment	12,227	15,985
Total impaired loans, Unpaid Principal Balance	14,410	17,959
Total impaired loans, Related Allowance
Real estate-residential secured for business purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	226	172
Impaired loans with no related allowance, Unpaid Principal Balance	238	184
Impaired loans with an allowance recorded, Recorded Investment	1,550
Impaired loans with an allowance recorded, Unpaid Principal Balance	1,550
Total impaired loans, Recorded Investment	1,776	172
Total impaired loans, Unpaid Principal Balance	1,788	184
Total impaired loans, Related Allowance	775
Real estate-residential secured for personal purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	720	804
Impaired loans with no related allowance, Unpaid Principal Balance	739	804
Total impaired loans, Recorded Investment	720	804
Total impaired loans, Unpaid Principal Balance	739	804
Total impaired loans, Related Allowance
Loans to individuals [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	37	38
Impaired loans with no related allowance, Unpaid Principal Balance	55	55
Total impaired loans, Recorded Investment	37	38
Total impaired loans, Unpaid Principal Balance	55	55
Total impaired loans, Related Allowance

XML

Acquisition - Additional Information (Detail) (John T. Fretz Insurance Agency, Inc. [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Business Acquisition [Line Items]
Date of acquisition	May 01, 2013
Cash paid for acquisition	$ 2,200,000
Fair value of contingent consideration	454,000
Potential cash payments from contingent consideration, period of measurement (in years)	3 years
Goodwill	1,300,000
Goodwill related to acquisition, tax deductible	1,300,000
Customer related intangible assets [Member]
Business Acquisition [Line Items]
Customer related intangibles	1,300,000
Customer related intangibles amortized period	7 years
Minimum [Member]
Business Acquisition [Line Items]
Potential cash payments from contingent consideration	0
Maximum [Member]
Business Acquisition [Line Items]
Potential cash payments from contingent consideration	$ 930,000

XML

Derivative Instruments and Hedging Activities - Notional Amounts and Fair Values of Derivatives Designated as Hedging Instruments (Detail) (Designated as Hedging Instrument [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Derivative Notional Amount And Fair Value By Balance Sheet Designated As Hedging Instrument [Line Items]
Notional Amount		$ 20,000
Derivative Assets, Fair Value
Derivative Liabilities, Fair Value		1,909
Interest Rate Swap [Member] | Cash Flow Hedge [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Designated As Hedging Instrument [Line Items]
Notional Amount		20,000
Derivative Assets, Fair Value
Interest Rate Swap [Member] | Cash Flow Hedge [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Designated As Hedging Instrument [Line Items]
Derivative Liabilities, Fair Value		$ 1,909

XML

Retirement Plans and Other Postretirement Benefits - Components of Net Periodic Benefit Cost (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Retirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 155	$ 156	$ 466	$ 469
Interest cost	427	431	1,284	1,294
Expected return on plan assets	(630)	(564)	(1,894)	(1,692)
Amortization of net loss	314	287	943	865
Accretion of prior service cost	(58)	(58)	(176)	(176)
Net periodic benefit cost	208	252	623	760
Other Post Retirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	23	21	69	62
Interest cost	30	29	86	88
Expected return on plan assets
Amortization of net loss	6	6	18	17
Accretion of prior service cost	(6)	(6)	(15)	(16)
Net periodic benefit cost	$ 53	$ 50	$ 158	$ 151

XML

Derivative Instruments and Hedging Activities

9 Months Ended

Sep. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

Note 11. Derivative Instruments and Hedging Activities

The Corporation may use interest-rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The Corporation’s credit exposure on interest rate swaps includes fair value and any collateral that is held by a third party. Changes in the fair value of derivative instruments designated as hedges of future cash flows are recognized in accumulated other comprehensive income until the underlying forecasted transactions occur, at which time the deferred gains and losses are recognized in earnings. For a qualifying fair value hedge, the gain or loss on the hedging instrument is recognized in earnings, and the change in fair value of the hedge item, to the extent attributable to the hedged risk, adjusts the carrying amount of the hedge item and is recognized in earnings.

Derivative loan commitments represent agreements for delayed delivery of financial instruments in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield. The Corporation’s derivative loan commitments are commitments to sell loans secured by 1-to-4 family residential properties whose predominant risk characteristic is interest rate risk. The fair values of these derivative loan commitments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties.

On December 23, 2008, the Corporation entered into a cash flow hedge with a notional amount of $20.0 million that had the effect of converting the variable rates on Trust Preferred Securities to a fixed rate. Under the terms of the swap agreement, the Corporation paid a fixed rate of 2.65% and received a floating rate based on the three-month LIBOR with a maturity date of January 7, 2019. During May 2013, the Corporation terminated the swap in conjunction with the submission of a redemption notice to the trustee to redeem the Trust Preferred Securities on July 7, 2013, pursuant to the optional redemption provisions provided in the documents governing the Trust Preferred Securities. See Note 8 – Trust Preferred Securities for additional information.

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at September 30, 2013 and December 31, 2012:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2013
Interest rate locks with customers	$	22,340	Other Assets	$	849	—	$	—
Forward loan sale commitments		25,809	—		—	Other Liabilities		361
Total	$	48,149		$	849		$	361
At December 31, 2012
Interest rate locks with customers	$	51,768	Other Assets	$	1,547	—	$	—
Forward loan sale commitments		56,263	—		—	Other Liabilities		54
Total	$	108,031		$	1,547		$	54

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at September 30, 2013 and December 31, 2012:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet  Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2013
Interest rate swap – cash flow hedge	$	—	—	$	—	—	$	—
Total	$	—		$	—		$	—
At December 31, 2012
Interest rate swap – cash flow hedge	$	20,000	—	$	—	Other Liabilities	$	1,909
Total	$	20,000		$	—		$	1,909

For the three and nine months ended September 30, 2013 and 2012, the amounts included in the consolidated statements of income for derivatives not designated as hedging instruments are shown in the table below:

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
(Dollars in thousands)	Statement of Income Classification	2013			2012			2013			2012
Interest rate locks with customers	Net gain (loss) on mortgage banking activities	$	913		$	1,394		$	(698	)	$	2,341
Forward loan sale commitments	Net loss on mortgage banking activities		(1,133	)		(617	)		(307	)		(727	)
Total		$	(220	)	$	777		$	(1,005	)	$	1,614

For the three and nine months ended September 30, 2013 and 2012, the amounts included in the consolidated statements of income for derivatives designated as hedging instruments are shown in the table below:

		Three Months Ended					Nine Months Ended
	Statement of Income	September 30,					September 30,
(Dollars in thousands)	Classification	2013		2012			2013			2012
Interest rate swap – cash flow hedge – loss on termination	Net loss on termination of interest rate swap	$	—	$	—		$	(1,866	)	$	—
Interest rate swap – cash flow hedge – interest payments	Interest expense		—		112			124			331
Interest rate swap – cash flow hedge—ineffectiveness	Interest expense		—		—			—			—
Net loss		$	—	$	(112	)	$	(1,990	)	$	(331	)

At September 30, 2013 and December 31, 2012, the amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments are shown in the table below:

(Dollars in thousands)	Accumulated other comprehensive (loss) income	At September 30, 2013		At December 31, 2012
Interest rate swap – cash flow hedge	Fair value, net of taxes	$	—	$	(1,241	)
Total		$	—	$	(1,241	)

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Retirement Plans and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2013

Compensation And Retirement Disclosure [Abstract]

Retirement Plans and Other Postretirement Benefits

Note 7. Retirement Plans and Other Postretirement Benefits

Substantially all employees who were hired before December 8, 2009 are covered by a noncontributory retirement plan. Employees hired on or after December 8, 2009 are not eligible to participate in the noncontributory retirement plan. The Corporation also provides supplemental executive retirement benefits, a portion of which is in excess of limits imposed on qualified plans by federal tax law. These plans are non-qualified benefit plans. Information on these plans are aggregated and reported under “Retirement Plans” within this footnote.

The Corporation also provides certain postretirement healthcare and life insurance benefits for retired employees. Information on these benefits is reported under “Other Postretirement Benefits” within this footnote.

The Corporation sponsors a Supplemental Non-Qualified Pension Plan which was established in 1981 prior to the existence of a 401(k) deferred salary savings plan, employee stock purchase plan and long-term incentive plans and therefore is not actively offered to new participants.

Information with respect to the Retirement Plans and Other Postretirement Benefits follows:

Components of net periodic benefit cost were as follows:

	Three Months Ended September 30,
	2013			2012			2013			2012
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	155		$	156		$	23		$	21
Interest cost		427			431			30			29
Expected return on plan assets		(630	)		(564	)		—			—
Amortization of net loss		314			287			6			6
Accretion of prior service cost		(58	)		(58	)		(6	)		(6	)
Net periodic benefit cost	$	208		$	252		$	53		$	50

	Nine Months Ended September 30,
	2013			2012			2013			2012
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	466		$	469		$	69		$	62
Interest cost		1,284			1,294			86			88
Expected return on plan assets		(1,894	)		(1,692	)		—			—
Amortization of net loss		943			865			18			17
Accretion of prior service cost		(176	)		(176	)		(15	)		(16	)
Net periodic benefit cost	$	623		$	760		$	158		$	151

The Corporation contributed $2.0 million to its qualified retirement plan during the three and nine months ended September 30, 2013 and may make additional contributions during the remainder of 2013 to maximize tax benefits. The Corporation previously disclosed in its financial statements for the year ended December 31, 2012, that it expected to make contributions of $40 thousand to its non-qualified retirement plans and $82 thousand to its other postretirement benefit plans in 2013. During the nine months ended September 30, 2013, the Corporation contributed $30 thousand to its non-qualified retirement plans and $60 thousand to its other postretirement plans. During the nine months ended September 30, 2013, $1.3 million has been paid to participants from the retirement plans and $60 thousand has been paid to participants from the other postretirement plans. For 2013, the weighted average expected long-term rate of return on plan assets used to determine the net benefit cost was changed to 7.5% from 8.0%. The rate was changed during 2013 based on historical returns and future expectations of long-term asset returns.

XML

Derivative Instruments and Hedging Activities - Income for Derivatives Designated as Hedging Instruments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Net loss		$ (112)	$ (1,990)	$ (331)
Interest Expense [Member] | Interest Rate Swap [Member] | Cash Flow Hedge [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swap - cash flow hedge - loss on termination			(1,866)
Interest rate swap - cash flow hedge - interest payments		112	124	331
Interest rate swap - cash flow hedge -ineffectiveness

XML

Share Repurchase Plans

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Share Repurchase Plans

Note 14. Share Repurchase Plans

During 2007, the Corporation’s Board of Directors approved a share repurchase program for the repurchase of up to 643,782 shares of common stock. During the three and nine months ended September 30, 2013, the Corporation repurchased 395,000 shares at a cost of $7.4 million and 540,285 shares at a cost of $9.9 million, respectively. At September 30, 2013, this share repurchase plan was substantially completed and is closed. Total shares outstanding at September 30, 2013 were 16,288,597.

On October 23, 2013, the Corporation’s Board of Directors approved a new stock repurchase plan for the repurchase of up to 800,000 shares, or approximately 5% of the shares outstanding.

Under the new plan:

• the aggregate number of shares purchased will not exceed 800,000 shares of the Corporation’s common stock;

• the Corporation will repurchase shares of its common stock from time to time through open market purchases, tender offers, privately negotiated purchases or other means;

• the share repurchase program does not obligate the Corporation to acquire any particular amount of common stock; and

• the program has no scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time.

XML

Fair Value Disclosures

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Note 12. Fair Value Disclosures

Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of its financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation’s assumptions that the market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting period.

Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.

Level 2: Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3: Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Assets and liabilities utilizing Level 3 inputs include: financial instruments whose value is determined using pricing models, discounted cash-flow methodologies, or similar techniques, as well as instruments for which the fair value calculation requires significant management judgment or estimation.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Investment Securities

Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include highly liquid U.S. Treasury securities, most equity securities and money market mutual funds. Mutual funds are registered investment companies which are valued at net asset value of shares on a market exchange at the close of business at period end. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Examples of instruments, which would generally be classified within Level 2 of the valuation hierarchy, include U.S. Government sponsored enterprises, mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds and certain equity securities. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy.

Fair values for securities are determined using independent pricing services and market-participating brokers. The Corporation’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service’s evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does have not sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control.

On a quarterly basis, the Corporation reviews changes, as submitted by the pricing service, in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. Additionally, on an annual basis, the Corporation has its security portfolio priced by a second pricing service to determine consistency with another market evaluator, except for municipal bonds which are priced by another service provider on a sample basis. If, on the Corporation’s review or in comparing with another servicer, a material difference between pricing evaluations were to exist, the Corporation may submit an inquiry to its current pricing service regarding the data used to make the valuation of a particular security. If the Corporation determines it has market information that would support a different valuation than its current pricing service’s evaluation it can submit a challenge for a change to that security’s valuation. There were no material differences in valuations noted at September 30, 2013.

Derivative Financial Instruments

The fair values of derivative financial instruments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Derivative financial instruments are classified within Level 2 of the valuation hierarchy.

Contingent Consideration Liability

The Corporation estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change in the discount rate or change of estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through non-interest expense. Due to the significant unobservable input related to the projected revenue, the contingent consideration liability is classified within Level 3 of the valuation hierarchy. An increase in the projected revenue may result in a higher fair value of the contingent consideration liability. Alternatively, a decrease in the projected revenue may result in a lower estimated fair value of the contingent consideration liability.

For the Javers Group acquisition, the Corporation recorded a reduction to the contingent liability during the second quarter of 2013 which resulted in a reduction of other noninterest expense of $959 thousand. While the acquisition remains accretive, the adjustment reflects that revenue levels necessary for an earn-out payment in the first year post-acquisition were not met and that revenue growth levels necessary to qualify for subsequent years’ earn-out payments to be made are less than remote. Therefore, as of September 30, 2013, the fair value of this contingent consideration liability is $0. The Javers’ original contingent consideration arrangement ranged from $0 to a maximum of $1.7 million cumulative over the three-year period ending June 30, 2015.

For the John T. Fretz Insurance Agency, Inc. acquisition, the potential future cash payments that could result from the contingent consideration arrangement range from $0 to a maximum of $930 thousand cumulative over the three-year period ending April 30, 2016.

The following table presents the assets and liabilities measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012, classified using the fair value hierarchy:

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,773	$	—	$	—	$	4,773
U.S. government corporations and agencies		—		163,549		—		163,549
State and political subdivisions		—		117,394		—		117,394
Residential mortgage-backed securities		—		54,067		—		54,067
Collateralized mortgage obligations		—		9,520		—		9,520
Corporate bonds		—		32,408		—		32,408
Money market mutual funds		9,639		—		—		9,639
Equity securities		2,009		—		—		2,009
Total available-for-sale securities		16,421		376,938		—		393,359
Interest rate locks with customers		—		849		—		849
Total assets	$	16,421	$	377,787	$	—	$	394,208
Liabilities:
Forward loan sale commitments	$	—	$	361	$	—	$	361
Contingent consideration liability		—		—		483		483
Total liabilities	$	—	$	361	$	483	$	844

	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

At September 30, 2013 and December 31, 2012, the Corporation had no assets measured at fair value on a recurring basis utilizing Level 3 inputs.

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2013 and 2012:

	Nine Months Ended September 30, 2013
(Dollars in thousands)	Balance at December 31, 2012		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration			Balance at September 30, 2013
Javers Group	$	903	$	—	$	—	$	(903	)	$	—
John T. Fretz Insurance Agency, Inc.		—		454		—		29			483
Total contingent consideration liability	$	903	$	454	$	—	$	(874	)	$	483

	Nine Months Ended September 30, 2012
(Dollars in thousands)	Balance at December 31, 2011		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at September 30, 2012
Javers Group	$	—	$	842	$	—	$	34	$	876
Total contingent consideration liability	$	—	$	842	$	—	$	34	$	876

The following table represents assets measured at fair value on a non-recurring basis at September 30, 2013 and December 31, 2012:

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	63,708	$	63,708
Total	$	—	$	—	$	63,708	$	63,708

	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 September 30, 2013, fair value was greater than cost.

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at September 30, 2013 and December 31, 2012. The disclosed fair values are classified using the fair value hierarchy.

	At September 30, 2013
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	79,458	$	—		$	—	$	79,458		$	79,458
Held-to-maturity securities		—		70,079			—		70,079			69,214
Loans held for sale		—		3,574			—		3,574			3,489
Net loans and leases held for investment		—		—			1,457,592		1,457,592			1,437,698
Mortgage servicing rights		—		7,029			—		7,029			5,484
Other real estate owned		—		1,650			—		1,650			1,650
Total assets	$	79,458	$	82,332		$	1,457,592	$	1,619,382		$	1,596,993
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,599,264	$	—		$	—	$	1,599,264		$	1,599,264
Time deposits		—		288,271			—		288,271			289,782
Total deposits		1,599,264		288,271			—		1,887,535			1,889,046
Short-term borrowings		—		44,841			—		44,841			46,733
Total liabilities	$	1,599,264	$	333,112		$	—	$	1,932,376		$	1,935,779
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,342	)	$	—	$	(1,342	)	$	—

	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		—		—			1,433,990		1,433,990			1,412,140
Total assets	$	146,112	$	75,980		$	1,433,990	$	1,656,082		$	1,632,627
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	)	$	—

The following valuation methods and assumptions were used by the Corporation in estimating its fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed:

Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheets for cash and due from banks, interest-earning deposits with other banks, and other short-term investments approximates those assets’ fair values. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy.

Held-to-maturity securities: Fair values for the held-to-maturity investment securities are estimated by using pricing models or quoted prices of securities with similar characteristics and are classified in Level 2 in the fair value hierarchy.

Loans held for sale: The fair value of the Corporation’s loans held for sale are generally determined using a pricing model based on current market information obtained from external sources, including interest rates, bids or indications provided by market participants on specific loans that are actively marketed for sale. The Corporation’s loans held for sale are primarily residential mortgage loans and are generally classified in Level 2 due to the observable pricing data. Loans held for sale are carried at the lower of cost or estimated fair value. There were no valuation adjustments for loans held for sale at September 30, 2013 and December 31, 2012.

Loans and leases held for investment: The fair values for loans are estimated using discounted cash flow analyses, using a discount rate based on current interest rates at which similar loans with similar terms would be made to borrowers and include components for credit risk, operating expense and embedded prepayment options. An overall valuation adjustment is made for specific credit risks in addition to general portfolio risk and is significant to the valuation. As permitted, the fair value of the loans and leases are not based on the exit price concept as discussed in the first paragraph of this note. Loans and leases are classified within Level 3 in the fair value hierarchy.

Impaired loans held for investment: Impaired loans held for investment include those collateral-dependent loans for which the practical expedient was applied, resulting in a fair-value adjustment to the loan. Impaired loans are evaluated and valued at the time the loan is identified as impaired, at the lower of cost or fair value. Fair value is measured based on the value of the collateral securing these loans less cost to sell and is classified at a Level 3 in the fair value hierarchy. The fair value of collateral is based on appraisals performed by qualified licensed appraisers hired by the Corporation. At September 30, 2013, impaired loans held for investment had a carrying amount of $66.8 million with a valuation allowance of $3.1 million. At December 31, 2012, impaired loans held for investment had a carrying amount of $45.2 million with a valuation allowance of $208 thousand.

Mortgage servicing rights: The Corporation estimates the fair value of mortgage servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the current interest rates of the portfolios serviced. Mortgage servicing rights are classified within Level 2 of the valuation hierarchy. The Corporation reviews the mortgage servicing rights portfolio on a quarterly basis for impairment and the mortgage servicing rights are carried at the lower of amortized cost or estimated fair value. At September 30, 2013, mortgage servicing rights had a carrying amount of $5.7 million with a valuation allowance of $249 thousand. At December 31, 2012, mortgage servicing rights had a carrying amount of $4.6 million with a valuation allowance of $497 thousand.

Goodwill and other identifiable intangible assets: Certain non-financial assets subject to measurement at fair value on a non-recurring basis include goodwill and other identifiable intangible assets. In conjunction with the reduction in the contingent consideration liability for Javers during the nine months ended September 30, 2013, an evaluation of goodwill and other identifiable intangible assets was performed with no indicated impairment.

Other real estate owned: The fair value of other real estate owned is estimated based upon its appraised value less costs to sell. The real estate is stated at an amount equal to the loan balance prior to foreclosure, plus costs incurred for improvements to the property but no more than the fair value of the property, less estimated costs to sell. New appraisals are generally obtained on an annual basis. Other real estate owned is classified within Level 2 of the valuation hierarchy.

Deposit liabilities: The fair values for demand and savings accounts, with no stated maturities, is the amount payable on demand at the reporting date (carrying value) and are classified within Level 1 in the fair value hierarchy. The fair values for time deposits with fixed maturities are estimated by discounting the final maturity using interest rates currently offered for deposits with similar remaining maturities. Time deposits are classified within Level 2 in the fair value hierarchy.

Short-term borrowings: The fair value of customer repurchase agreements are estimated using current market rates for similar borrowings and are classified within Level 2 in the fair value hierarchy. Short-term FHLB advances are estimated using a discounted cash flow analysis based on current market rates for similar borrowings, and include components for operating expense and embedded prepayment options that are observable. Short-term FHLB advances are classified within Level 2 in the fair value hierarchy.

Long-term borrowings: The fair values of the Corporation’s long-term borrowings are estimated using a discounted cash flow analysis based on current market rates for similar borrowings, and include components for credit risk, operating expense, and embedded prepayment options that are observable. Long-term borrowings are classified within Level 2 in the fair value hierarchy.

Off-balance-sheet instruments: Fair values for the Corporation’s off-balance-sheet instruments are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing and are classified within Level 2 in the fair value hierarchy.

XML

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Trading Symbol	UVSP
Entity Registrant Name	UNIVEST CORP OF PENNSYLVANIA
Entity Central Index Key	0000102212
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		16,283,354

XML

Restructuring Charges

9 Months Ended

Sep. 30, 2013

Restructuring And Related Activities [Abstract]

Restructuring Charges

Note 13. Restructuring Charges

During the first quarter of 2013, the Corporation implemented a company-wide restructuring plan which reduced staffing levels by 3.4% and included the announced closure and consolidation of its Silverdale financial service center, effective May 3, 2013, into the Hilltown and Perkasie locations. As a result, the Corporation recorded $539 thousand in restructuring charges during the first quarter of 2013, which consisted of $437 thousand in severance and $102 thousand in fixed asset retirement expenses. These charges are included in restructuring charges, a component of non-interest expense, within the consolidated statement of income. The restructuring involved strategic changes to ensure the Corporation is effectively managing costs, improving efficiencies and evolving the business to meet the need of all its stakeholders.

A roll-forward of the accrued restructuring expense is as follows:

(Dollars in thousands)	Severance
Accrued at January 1, 2013	$	—
Restructuring charge		437
Payments		(432	)
Adjustment of restructuring charge		(5	)
Accrued at September 30, 2013	$	—

XML

Earnings Per Share - Basic and Diluted Earnings Per Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share Basic And Diluted [Abstract]
Numerator for basic and diluted earnings per share - income available to common shareholders	$ 6,039	$ 5,770	$ 16,267	$ 15,796
Denominator for basic earnings per share - weighted-average shares outstanding	16,658	16,760	16,714	16,760
Effect of dilutive securities - employee stock options and awards	84	60	61	49
Denominator for diluted earnings per share - adjusted weighted-average shares outstanding	16,742	16,820	16,775	16,809
Basic earnings per share	$ 0.36	$ 0.34	$ 0.97	$ 0.94
Diluted earnings per share	$ 0.36	$ 0.34	$ 0.97	$ 0.94
Average anti-dilutive options and awards excluded from computation of diluted earnings per share	470	588	567	579

XML

Trust Preferred Securities - Additional Information (Detail) (USD $)	9 Months Ended	1 Months Ended	9 Months Ended
	Sep. 30, 2013	May 31, 2013 Interest Rate Swap [Member]	Sep. 30, 2013 Subsequent Event [Member]	Sep. 30, 2013 London Interbank Borrowing Rate (LIBOR) [Member]	Sep. 30, 2013 Trust Preferred Securities [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Aggregate principal balance of capital securities redeemed					$ 20,000,000
Description of interest rate				(LIBOR) plus 3.05% per annum
Maturity date	Oct. 07, 2033
Liquidation amount of trust preferred security	$ 1,000
Redemption date	Jul. 07, 2013
Redemption in securities	619,000
Settlement date	Jul. 08, 2013
Loss on Trust Preferred Securities hedge	(1,866,000)	(1,900,000)
Interest rate swap maturity date	Jan. 07, 2019
Expected amount of savings in interest expense in current fiscal year			600,000
Expected amount of savings in interest expense annually through maturity date			$ 1,100,000