Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013 and December 31, 2012. No assets were transferred from one hierarchy level to another during the first six months of 2013 or 2012.

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2013
Securities available for sale:
U.S. Government agencies	$	29,433	$	-	$	29,433	$	-
Mortgage-backed securities		65,299		-		65,299		-
Other equity securities		604		-		604		-
Total	$	95,336	$	-	$	95,336	$	-

Interest rate caps	$	-	$	-	$	-	$	-

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(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	$	-

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, 2013 and 2012. 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
For the six months ended June 30, 2013
Impaired loans:
Beginning balance	$	36,088	$	17,951	$	31,833	$	715	$	39	$	86,626
Charge-offs		(1,509)		(1,830)		(1,660)		(61)		(38)		(5,098)
Payments		(1,135)		(1,323)		(2,945)		(12)		(9)		(5,424)
Transfers to other real estate owned		(205)		(592)		(1,601)		-		-		(2,398)
Returned to performing status		-		(380)		-		-		-		(380)
Changed to nonaccrual status		-		(1,626)		(1,741)		-		-		(3,367)
Additions		458		9,640		2,758		69		11		12,936
Changes in allowance		224		221		(1,575)		(29)		48		(1,111)
Ending balance	$	33,921	$	22,061	$	25,069	$	682	$	51	$	81,784

(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

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

	For the Six Months Ended
(Dollars in thousands)	June 30,
	2013		2012
Other real estate owned:
Beginning balance	$	7,659	$	9,385
Sales		(2,979)		(1,404)
Write-downs		(728)		(853)
Additions		2,456		4,371
Ending balance	$	6,408	$	11,499

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.

	June 30, 2013				December 31, 2012
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 2 inputs
Cash and cash equivalents	$	124,506	$	124,506	$	200,193	$	200,193
Investment securities held to maturity		2,591		2,748		2,657		2,884
Level 3 inputs
Loans, net		766,465		792,199		769,091		798,381

Financial liabilities
Level 2 inputs
Deposits	$	922,107	$	924,284	$	1,049,273	$	1,052,382
Short-term borrowings		10,095		10,095		13,761		13,761