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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The tables below present the recorded amount of assets measured at fair value on a recurring basis at June 30, 2012 and December 31, 2011. No assets were transferred from one hierarchy level to another during the first six months of 2012 or 2011.

 

                Significant        
                Other     Significant  
          Quoted     Observable     Unobservable  
          Prices     Inputs     Inputs  
(Dollars in thousands)   Fair Value     (Level 1)     (Level 2)     (Level 3)  
June 30, 2012                                
Securities available for sale:                                
 U.S. Government agencies   $ 35,213     $ -     $ 35,213     $ -  
 Mortgage-backed securities     97,414       -       97,414       -  
 Other equity securities     617       -       617       -  
Total   $ 133,244     $ -     $ 133,244     $ -  
                                 
Interest rate caps   $ 68     $ -     $ 68     $ -  

 

                Significant        
                Other     Significant  
          Quoted     Observable     Unobservable  
          Prices     Inputs     Inputs  
(Dollars in thousands)   Fair Value     (Level 1)     (Level 2)     (Level 3)  
December 31, 2011                                
Securities available for sale:                                
 U.S. Government agencies   $ 42,148     $ -     $ 42,148     $ -  
 Mortgage-backed securities     87,033       -       87,033       -  
 Other equity securities     599       -       599       -  
Total   $ 129,780     $ -     $ 129,780     $ -  
                                 
Interest rate caps   $ 250     $ -     $ 250     $ -  

 

Fair Value Assets Measured On Nonrecurring Basis [Table Text Block]

The tables below summarize the changes in the recorded amount of assets measured at fair value on a nonrecurring basis for the six months ended June 30, 2012 and June 30, 2011. .

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Total  
For the six months ended June 30, 2012                                                
Impaired loans:                                                
Beginning balance   $ 27,166     $ 22,602     $ 23,578     $ 1,738     $ 28     $ 75,112  
 Charge-offs     (1,775 )     (5,356 )     (1,435 )     (1,264 )     -       (9,830 )
Payments     (715 )     (3,185 )     (1,375 )     (80 )     (3     (5,358 )
Transfers to other real estate owned     (1,620 )     (763 )     (1,334 )     (30 )     -       (3,747 )
Returned to performing status     -       -       -       -       -       -  
Changed to nonaccrual status     (666 )     (786 )     -       -       -       (1,452 )
Additions     8,776       11,600       7,279       1,313       30       28,998  
Changes in allowance     90       876       (500 )     (30 )     -       436  
Ending balance   $ 31,256     $ 24,988     $ 26,213     $ 1,647     $ 55     $ 84,159  

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Total  
For the six months ended June 30, 2011                                                
Impaired loans:                                                
Beginning balance   $ 28,175     $ 15,327     $ 13,280     $ 4,374     $ 30     $ 61,186  
 Charge-offs     (1,396 )     (4,300 )     (2,487 )     (1,769 )     -       (9,952 )
Payments     (837 )     (4,931 )     (2,329 )     (542 )     (1     (8,640 )
Transfers to other real estate owned     (1,719 )     (522 )     (2,577 )     (184 )     -       (5,002 )
Returned to performing status     -       (1,907 )     -       -       -       (1,907 )
Changed to nonaccrual status     (419 )     (2,162 )     (1,800 )     -       -       (4,381 )
Additions     4,403       18,391       15,723       1,111       -       39,628  
Changes in allowance     -       (86 )     (506 )     (567 )     -       (1,159 )
Ending balance   $ 28,207     $ 19,810     $ 19,304     $ 2,423     $ 29     $ 69,773  

 

Fair Value Assets Measured On Nonrecurring Basis Other Real Estate Owned [Table Text Block]

All assets measured at fair value on a nonrecurring basis were classified as Level 3 in the fair value hierarchy for the periods presented.

 

  For the Six Months Ended  
(Dollars in thousands)   June 30,  
    2012     2011  
Other real estate owned:                
Beginning balance   $ 9,385     $ 3,702  
Sales     (1,404 )     (712 )
Write-downs     (853 )     (168 )
Additions     4,371       5,055  
Ending balance   $ 11,499     $ 7,877  
Schedule Of Estimated Fair Values Of Financial Assets And Liabilities [Table Text Block]

The following table provides information on the estimated fair values of the Company’s financial assets and liabilities that are reported at their carrying amounts. The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy.

 

    June 30, 2012     December 31, 2011  
          Estimated           Estimated  
    Carrying     Fair     Carrying     Fair  
(Dollars in thousands)   Amount     Value     Amount     Value  
Financial assets                                
Level 2 inputs                                
Cash and cash equivalents   $ 169,573     $ 169,573     $ 127,742     $ 127,742  
Investment securities held to maturity     5,168       5,425       6,480       6,732  
Level 3 inputs                                
Loans, net     796,968       830,986       826,762       856,917  
                                 
Financial liabilities                                
Level 2 inputs                                
Deposits   $ 1,032,703     $ 1,031,231     $ 1,009,919     $ 1,013,964  
Short-term borrowings     13,826       13,826       17,817       17,817  
Long-term debt     455       460       455       470