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Fair Value (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value [Abstract]  
Assets measured at fair value on a recurring basis
                                 
    Fair Value Measurements at
December 31, 2012 Using:
 
     Carrying
Value
    Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Financial Assets

                               

Investment securities available-for sale

                               

U.S Treasury and U.S. government sponsored entities

  $ 67,978     $ 0     $ 67,978     $ 0  

State and political subdivisions

    95,288       0       95,288       0  

Corporate bonds

    2,128       0       2,128       0  

Mortgage-backed securities-residential

    236,218       0       236,207       11  

Collateralized mortgage obligations

    40,595       0       40,595       0  

Small business administration

    21,444       0       21,444       0  

Equity securities

    437       437       0       0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total investment securities

  $ 464,088     $ 437     $ 463,640     $ 11  
   

 

 

   

 

 

   

 

 

   

 

 

 

Yield maintenance provisions

  $ 120     $ 0     $ 120     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Financial Liabilities

                               

Interest rate swaps

  $ 120     $ 0     $ 120     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    Fair Value Measurements at
December 31, 2011 Using:
 
     Carrying
Value
    Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Financial Assets

                               

Investment securities available-for sale

                               

U.S Treasury and U.S. government sponsored entities

  $ 55,988     $ 0     $ 55,988     $ 0  

State and political subdivisions

    82,690       0       82,690       0  

Corporate bonds

    769       0       769       0  

Mortgage-backed securities-residential

    222,718       0       222,706       12  

Collateralized mortgage obligations

    37,222       0       37,222       0  

Small business administration

    315       0       315       0  

Equity securities

    327       327       0       0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total investment securities

  $ 400,029     $ 327     $ 399,690     $ 12  
   

 

 

   

 

 

   

 

 

   

 

 

 
Reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs
                         
    Mortgage-Backed Securities—Residential
(Level 3)
 
    2012     2011     2010  

Balance of recurring Level 3 assets at January 1

  $ 12     $ 12     $ 13  

Total unrealized gains or losses:

                       

Included in other comprehensive income

    0       0       0  

Repayments

    (1     0       (1

Transfers in and/or out of Level 3

    0       0       0  
   

 

 

   

 

 

   

 

 

 

Balance of recurring Level 3 assets at December 31

  $ 11     $ 12     $ 12  
   

 

 

   

 

 

   

 

 

 
Assets measured at fair value on a non-recurring basis
                                 
    Fair Value Measurements at
December 31, 2012 Using:
 
     Carrying
Value
    Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Financial Assets

                               

Impaired loans

                               

Commercial real estate

                               

Owner occupied

  $ 928     $ 0     $ 0     $ 928  

Non-owner occupied

    775       0       0       775  

Other

    0       0       0       0  

Commercial

    869       0       0       869  

1–4 family residential

    43       0       0       43  

Other real estate owned

                               

1–4 family residential

    57       0       0       57  

 

                                 
    Fair Value Measurements at
December 31, 2011 Using:
 
     Carrying
Value
    Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Financial Assets

                               

Impaired loans

                               

Commercial real estate

                               

Owner occupied

  $ 1,606     $ 0     $ 0     $ 1,606  

Non-owner occupied

    2,017       0       0       2,017  

Other

    0       0       0       0  

Commercial

    41       0       0       41  

Other real estate owned

                               

Commercial real estate

    270       0       0       270  

1–4 family residential

    76       0       0       76  
Fair value measurements for financial instruments
                     
    Fair value     Valuation
Technique(s)
 

Unobservable Input(s)

  Range
(Weighted Average)

Impaired loans

                   

Commercial real estate

  $ 1,548     Sales

comparison

 

Adjustment for

differences between

comparable sales

  -11.30% – 14.12%

(-4.38%)

      155     Income

approach

 

Adjustment for

differences in net

operating income

  -28.36% – 19.40%

(-5.47%)

   

 

 

           

 

Commercial

    869     Sales

comparison

 

Adjustment for

differences between

comparable sales

  -45.19% – 20.19%

(-27.05%)

   

 

 

           

 

Residential

    43     Sales

comparison

 

Adjustment for

differences between

comparable sales

  -46.81% – 23.45%

(-36.40%)

   

 

 

           

 

Carrying amounts and estimated fair values of financial instruments
                                         
          Fair Value Measurements at December 31, 2012 Using:  
    Carrying
Amount
    Level 1     Level 2     Level 3     Total  

Financial assets

                                       

Cash and cash equivalents

  $ 37,759     $ 14,209     $ 23,550     $ 0     $ 37,759  

Securities available-for-sale

    464,088       437       463,640       11       464,088  

Restricted stock

    4,224       n/a       n/a       n/a       n/a  

Loans held for sale

    3,624       0       3,691       0       3,691  

Loans, net

    578,963       0       0       586,359       586,359  

Accrued interest receivable

    3,679       0       2,051       1,628       3,679  
           

Financial liabilities

                                       

Deposits

    919,009       683,660       240,830       0       924,490  

Short-term borrowings

    79,886       0       79,886       0       79,886  

Long-term borrowings

    10,423       0       11,690       0       11,690  

Accrued interest payable

    479       2       477       0       479  
                 
             
December 31, 2011   Carrying Amount     Fair Value  

Financial assets

               

Cash and cash equivalents

  $ 52,422     $ 52,422  

Securities available-for-sale

    400,029       400,029  

Restricted stock

    4,224       n/a  

Loans held for sale

    677       677  

Loans, net

    561,986       574,391  

Accrued interest receivable

    3,794       3,794  
     

Financial liabilities

               

Deposits

    840,125       846,412  

Short-term borrowings

    98,088       98,088  

Long-term borrowings

    11,263       12,719  

Accrued interest payable

    585       585