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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2012 and 2011. No assets were transferred from one hierarchy level to another during 2012 or 2011.

 

(Dollars in thousands)   Fair Value     Quoted Prices (Level 1)     Significant Other Observable Inputs
(Level 2)		     Significant Unobservable Inputs (Level 3)  
December 31, 2012                                
Securities available for sale:                                
U.S. Government agencies   $ 36,107     $ -     $ 36,107     $ -  
Mortgage-backed securities     108,780       -       108,780       -  
Other equity securities     621       -       621       -  
Total   $ 145,508     $ -     $ 145,508     $ -  
                                 
Interest rate caps   $ 14     $ -     $ 14     $ -  
                                 

 

(Dollars in thousands)   Fair Value     Quoted Prices (Level 1)     Significant Other Observable Inputs
(Level 2)		     Significant Unobservable Inputs (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 2012 and 2011. All assets measured at fair value on a nonrecurring basis were classified as Level 3 in the fair value hierarchy for the periods presented.

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Total  
2012                                                
Impaired loans:                                                
Beginning balance   $ 27,166     $ 22,602     $ 23,578     $ 1,738     $ 28     $ 75,112  
Charge-offs     (7,790 )     (9,483 )     (2,954 )     (2,037 )     -       (22,264 )
Payments     (1,096 )     (10,134 )     (2,856 )     (310 )     (8)       (14,404 )
Transfers to other real estate owned     (1,631 )     (1,997 )     (2,128 )     (30 )     -       (5,786 )
Returned to performing status     -       (491 )     -       (76 )     -       (567 )
Changed to nonaccrual status     (1,578 )     (786 )     -       -       -       (2,364 )
Additions     21,788       17,542       16,807       1,430       67       57,634  
Changes in allowance     (771 )     698       (614 )     -       (48 )     (735 )
Ending balance   $ 36,088     $ 17,951     $ 31,833     $ 715     $ 39     $ 86,626  

 

 

(Dollars in thousands)   Construction     Residential real estate     Commercial real estate     Commercial     Consumer     Total  
2011                                                
Impaired loans:                                                
Beginning balance   $ 28,175     $ 15,327     $ 13,280     $ 4,374     $ 30     $ 61,186  
Charge-offs     (4,313 )     (7,082 )     (4,643 )     (2,600 )     -       (18,638 )
Payments     (1,555 )     (7,557 )     (2,364 )     (550 )     (13)       (12,039 )
Transfers to other real estate owned     (2,317 )     (1,642 )     (4,920 )     (388 )     -       (9,267 )
Returned to performing status     -       (1,907 )     -       -       -       (1,907 )
Changed to nonaccrual status     (419 )     (3,120 )     (1,825 )     -       -       (5,364 )
Additions     7,765       29,879       24,050       902       11       62,607  
Changes in allowance     (170 )     (1,296 )     -       -       -       (1,466 )
Ending balance   $ 27,166     $ 22,602     $ 23,578     $ 1,738     $ 28     $ 75,112  
Fair Value Assets Measured on Nonrecurring Basis Other Real Estate Owned [Table Text Block]
(Dollars in thousands) 2012 2011
Other real estate owned:
Beginning balance $ 9,385 $ 3,702
Sales (6,429 ) (3,978 )
Write-downs (1,328 ) (1,051 )
Additions 6,031 10,712
Ending balance $ 7,659 $ 9,385
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 in the balance sheets at their carrying amounts. The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy.

 

    2012     2011  
          Estimated           Estimated  
    Carrying     Fair     Carrying     Fair  
(Dollars in thousands)   Amount     Value     Amount     Value  
Financial assets                                
Level 2 inputs                                
Cash and cash equivalents   $ 200,193     $ 200,193     $ 127,742     $ 127,742  
Investment securities held to maturity     2,657       2,884       6,480       6,732  
Level 3 inputs                                
Loans, net     769,091       798,381       826,762       856,917  
                                 
Financial liabilities                                
Level 2 inputs                                
Deposits   $ 1,049,273     $ 1,052,382     $ 1,009,919     $ 1,013,964  
Short-term borrowings     13,761       13,761       17,817       17,817  
Long-term debt     -       -       455       470