Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Measurement [Abstract]

Recorded amount of assets and liabilities measured at fair value on a recurring basis

Fair value at March 31, 2013	Total		Level 1		Level 2		Level 3
Securities available-for-sale:
Obligations of U.S. government corporations and agencies	$	133,964		—	$	133,964		—
Obligations of states and political subdivisions		8,578		—		8,578		—
Corporate debt securities		1,912		—		1,912		—
Mortgage servicing rights		4,984		—		—	$	4,984
Total assets measured at fair value	$	149,438			$	144,454	$	4,984
Fair value at December 31, 2012	Total		Level 1		Level 2		Level 3
Securities available-for-sale:
Obligations of U.S. government corporations and agencies	$	151,701		—	$	151,701		—
Obligations of states and political subdivisions		9,421		—		9,421		—
Corporate debt securities		1,905		—		1,905		—
Mortgage servicing rights		4,552		—		—	$	4,552
Total assets measured at fair value	$	167,579		—	$	163,027	$	4,552

Reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis

Three months ended December 31,	Beginning Balance		Transfers into (out of) Level 3		Change Included in Earnings			Issuances		Ending Balance
2013: Mortgage servicing rights	$	4,552		—	$	(61	)	$	493	$	4,984
2012: Mortgage servicing rights	$	4,603		—	$	(369	)	$	550	$	4,784

Quantitative information about recurring Level 3 fair value measurements

	Fair Value (in thousands)		Valuation Technique	Unobservable Inputs	Range, Weighted Average
Mortgage Servicing Rights	$	4,984	Discounted cash flow	Constant prepayment rate	7.5%-24.0%, 17.3%
				Discount rate	10.0%-10.0%, 10.0%

Assets and liabilities measured at fair value on a nonrecurring basis

Year ended March 31, 2013	Total		Level 1		Level 2		Level 3		Total Gains (Losses)
Fair value:
Impaired Originated & PNCI loans	$	23,989		—		—	$	23,989	$	(1,948	)
Foreclosed assets		352		—		—		352		(27	)
Total assets measured at fair value	$	24,341		—		—	$	24,341	$	(1,975	)
Three months ended March 31, 2012	Total		Level 1		Level 2		Level 3		Total Gains (Losses)
Fair value:
Impaired Originated & PNCI loans	$	21,110		—		—	$	21,110	$	(334	)
Foreclosed assets		680		—		—		680		(83	)
Total assets measured at fair value	$	21,790		—		—	$	21,790	$	(417	)

Quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis

	Fair Value (in thousands)		Valuation Technique	Unobservable Inputs	Range, Weighted Average
Impaired Originated & PNCI Loans	$	23,989	Sales comparison approach Income approach	Adjustment for differences between comparable sales Capitalization rate	0.0%-41.2%, 12.8% 6.7%-9.5%, 9.1%
Foreclosed assets	$	352	Sales comparison approach	Adjustment for differences between comparable sales	7.5%-7.5%, 7.5%

The estimated fair values of financial instruments that are reported at amortized cost in consolidated balance sheets

	March 31, 2013				December 31, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Level 1 inputs:
Cash and due from banks	$	70,023	$	70,023	$	81,086	$	81,086
Cash at Federal Reserve and other banks		732,248		732,248		667,813		667,813
Level 2 inputs:
Restricted equity securities		9,647		9,647		9,647		9,647
Loans held for sale		7,931		7,931		12,053		12,053
Accrued interest receivable		7,201		7,201		6,636		6,636
Level 3 inputs:
Loans, net		1,492,495		1,572,687		1,522,175		1,607,044
Indemnification asset		1,807		1,807		1,997		1,997
Financial liabilities:
Level 2 inputs:
Deposits		2,285,550		2,287,439		2,289,702		2,291,841
Accrued interest payable		975		975		1,036		1,036
Other borrowings		8,125		8,125		9,197		9,197
Junior subordinated debt		41,238		28,454		41,238		28,042
	Contract Amount		Fair Value		Contract Amount		Fair Value
Off-balance sheet:
Level 3 inputs:
Commitments	$	559,162	$	5,592	$	557,254	$	5,573
Standby letters of credit		2,004		20		2,905		29
Overdraft privilege commitments		71,288		713		69,675		697