XML 45 R24.htm IDEA: XBRL DOCUMENT

Note 8 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
March 31, 2014
Investment securities available for sale:
U. S. Government agency securities		$	-			$	49,357			$	-			$	49,357
Residential mortgage backed securities			-				228,611				-				228,611
Municipal bonds			-				109,405				-				109,405
Other equity investments			198				-				219				417
Residential mortgage loans held for sale			-				21,862				-				21,862
Total assets measured at fair value on a recurring basis as of March 31, 2014		$	198			$	409,235			$	219			$	409,652

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2013
Investment securities available for sale:
U. S. Government agency securities		$	-			$	47,335			$	-			$	47,335
Residential mortgage backed securities			-				228,674				-				228,674
Municipal bonds			-				101,740				-				101,740
Other equity investments			165				-				219				384
Residential mortgage loans held for sale			-				42,030				-				42,030
Total assets measured at fair value on a recurring basis as of December 31, 2013		$	165			$	419,779			$	219			$	420,163

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Other Equity Investments
(dollars in thousands)		March 31, 2014				December 31, 2013
Balance, beginning of period		$	219			$	230
Realized gains included in other noninterest income			-				-
Principal redemption			-				(11	)
Balance, end of period		$	219			$	219

Fair Value Measurements, Nonrecurring [Table Text Block]

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
March 31, 2014
Impaired loans:
Commercial		$	-			$	5,608			$	8,228			$	13,836
Income producing - commercial real estate			-				134				4,774				4,908
Owner occupied - commercial real estate			-				4,327				1,891				6,218
Real estate mortgage - residential			-				113				628				741
Construction - commercial and residential			-				879				9,572				10,451
Home equity			-				125				95				220
Other consumer			-				-				2				2
Other real estate owned			-				8,809				-				8,809
Total assets measured at fair value on a nonrecurring basis as of March 31, 2014		$	-			$	19,995			$	25,190			$	45,185

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2013
Impaired loans:
Commercial		$	-			$	4,367			$	1,089			$	5,456
Income producing - commercial real estate			-				2,806				1,998				4,804
Owner occupied - commercial real estate			-				2,712				887				3,599
Real estate mortgage - residential			-				86				774				860
Construction - commercial and residential			-				4,228				7,080				11,308
Home equity			-				50				47				97
Other consumer			-				-				2				2
Other real estate owned			-				9,225				-				9,225
Total assets measured at fair value on a nonrecurring basis as of December 31, 2013		$	-			$	23,474			$	11,877			$	35,351

Fair Value, by Balance Sheet Grouping [Table Text Block]

										Fair Value Measurements
										Quoted Prices in Active Markets for Identical Assets or Liabilities				Significant Other Observable Inputs				Significant Unobservable Inputs
(dollars in thousands)		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2014
Assets
Cash and due from banks		$	8,982			$	8,982			$	-			$	8,982			$	-
Federal funds sold			8,468				8,468				-				8,468				-
Interest bearing deposits with other banks			213,501				213,501				-				213,501				-
Investment securities			387,790				387,790				198				387,373				219

Federal Reserve and Federal Home Loan Bank stock			10,599				10,599				-				10,599				-
Loans held for sale			21,862				21,862				-				21,862				-
Loans			3,063,975				3,097,497				-				11,186				3,086,311
Bank owned life insurance			40,052				40,052				-				40,052				-
Other earning assets			11,267				11,267				-				11,267				-
Liabilities
Noninterest bearing deposits			886,623				886,623				-				886,623				-
Interest bearing deposits			2,387,066				2,386,650				-				2,386,650				-
Borrowings			105,737				106,712				-				106,712				-

December 31, 2013
Assets
Cash and due from banks		$	9,577			$	9,577			$	-			$	9,577			$	-
Federal funds sold			5,695				5,695				-				5,695				-
Interest bearing deposits with other banks			291,688				291,688				-				291,688				-
Investment securities			378,133				378,133				165				377,749				219

Federal Reserve and Federal Home Loan Bank stock			11,272				11,272				-				11,272				-
Loans held for sale			42,030				42,030				-				42,030				-
Loans			2,945,158				2,979,180				-				14,249				2,964,931
Bank owned life insurance			39,738				39,738				-				39,738				-
Other earning assets			11,227				11,227				-				11,227				-
Liabilities
Noninterest bearing deposits			849,409				849,409				-				849,409				-
Interest bearing deposits			2,376,005				2,375,861				-				2,375,861				-
Borrowings			119,771				120,764				-				120,764				-

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details