
		Carrying		Fair
(dollars in thousands)		Value		Value
September 30, 2011
Financial Assets
Cash, due from banks, federal funds sold
and money market investments	$	269,229	$	269,229
Investment securities held-to-maturity:
U.S. Government-sponsored entities and agencies		177,963		189,617
Mortgage-backed securities - Agency		91,622		95,372
State and political subdivisions		216,643		225,384
Other securities		7,054		7,054
Federal Home Loan Bank stock		34,870		34,870
Loans, net (including covered loans):
Commercial		1,376,700		1,425,792
Commercial real estate		1,465,571		1,531,385
Residential real estate		913,500		990,779
Consumer credit		1,030,033		1,082,806
FDIC indemnification asset		168,091		168,091
Accrued interest receivable		43,713		43,713
Financial Liabilities
Deposits:
Noninterest-bearing demand deposits	$	1,728,548	$	1,728,548
NOW, savings and money market deposits		3,447,992		3,447,992
Time deposits		1,690,723		1,734,907
Short-term borrowings:
Federal funds purchased		948		948
Repurchase agreements		328,720		328,716
Other short-term borrowings		11,336		11,336
Other borrowings:
Junior subordinated debenture		16,000		12,788
Subordinated notes		13,000		12,999
Repurchase agreements		50,000		54,848
Federal Home Loan Bank advances		211,006		227,938
Subordinated bank notes		150,000		150,000
Capital lease obligation		4,273		5,094
Accrued interest payable		10,366		10,366
FDIC true-up liability		14,090		14,090
Standby letters of credit		508		508
Off-Balance Sheet Financial Instruments
Commitments to extend credit	$	0	$	1,422


		Carrying		Fair
(dollars in thousands)		Value		Value
December 31, 2010
Financial Assets
Cash, due from banks, federal funds sold
and money market investments	$	251,552	$	251,552
Investment securities held-to-maturity:
U.S. Government-sponsored entities and agencies		303,265		301,809
Mortgage-backed securities - Agency		117,013		119,080
State and political subdivisions		217,381		204,379
Other securities		551		375
Federal Home Loan Bank stock		31,937		31,937
Loans, net (including impaired loans):
Commercial		1,185,194		1,220,464
Commercial real estate		909,742		952,885
Residential real estate		662,396		710,865
Consumer credit		913,810		969,263
Accrued interest receivable		42,971		42,971
Financial Liabilities
Deposits:
Noninterest-bearing demand deposits	$	1,276,024	$	1,276,024
NOW, savings and money market deposits		2,711,644		2,711,644
Time deposits		1,475,257		1,520,093
Short-term borrowings:
Federal funds purchased		1,663		1,663
Repurchase agreements		287,414		287,416
Other short-term borrowings		9,155		9,155
Other borrowings:
Junior subordinated debenture		8,000		7,998
Repurchase agreements		50,000		54,104
Federal Home Loan Bank advances		211,696		220,531
Subordinated bank notes		150,000		154,420
Capital lease obligation		4,307		5,138
Accrued interest payable		7,860		7,860
Standby letters of credit		518		518
Off-Balance Sheet Financial Instruments
Commitments to extend credit	$	0	$	1,311

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, 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, issuances, 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

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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