Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value of Financial Instruments

Schedule of carrying amount and estimated fair value of financial instruments

	At June 30, 2012				At December 31, 2011				At June 30, 2011
	Carrying		Estimated		Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value		Amount		Fair Value
	(in thousands)
Assets:
Cash and cash equivalents	$	64,972	$	64,972	$	60,235	$	60,235	$	47,032	$	47,032
Securities available for sale	146,134		146,134		115,645		115,645		141,304		141,304
Federal Reserve Bank and FHLB stock, at cost	12,744		12,744		12,475		12,475		13,492		13,492
Loans held for investment, net	787,661		869,751		730,067		794,906		699,579		779,001
Accrued interest receivable	3,968		3,968		3,885		3,885		3,984		3,984
Liabilities:
Deposit accounts	913,191		916,989		828,877		833,241		815,985		820,232
Other borrowings	28,500		32,177		28,500		31,361		28,500		30,925
Subordinated debentures	10,310		7,513		10,310		5,405		10,310		5,119
Accrued interest payable	151		151		147		147		176		176

Schedule of Off-balance sheet commitments and standby letters of credit

	Notional Amount		Cost to Cede or Assume		Notional Amount		Cost to Cede or Assume		Notional Amount		Cost to Cede or Assume
Off-balance sheet commitments and standby letters of credit	$	126,544	$	12,654	$	73,053	$	7,305	$	65,495	$	6,550