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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2013
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, 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