DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table summarizes derivative instruments held by the Company, their notional amount, estimated fair values and their location in the consolidated balance sheets at December 31, 2012 and 2011:

				Derivatives in Other Assets				Derivatives in Other Liabilities
	Notional Amount			Fair Value Gain (Loss)				Fair Value Loss
	2012		2011	2012		2011		2012		2011
	(dollars expressed in thousands)
Derivative Instruments not Designated as Hedging Instruments:
Interest rate swap agreements	$	—	50,000	—		—		—		(807	)
Customer interest rate swap agreements	12,149		47,240	87		370		(87	)	(307	)
Interest rate lock commitments	59,932		38,985	1,837		1,381		—		—
Forward commitments to sell mortgage-backed securities	107,700		58,800	(305	)	(729	)	—		—
Total	$	179,781	195,025	1,619		1,022		(87	)	(1,114	)

Schedule of Interest Rate Derivatives

The maturity dates, notional amounts, interest rates paid and received and fair value of the Company’s interest rate swap agreements as of December 31, 2011 were as follows:

Maturity Date	Notional Amount		Interest Rate Paid		Interest Rate Received		Fair Value
	(dollars expressed in thousands)
December 31, 2011:
March 30, 2012	$	25,000	4.71	%	2.19	%	$	(159	)
December 15, 2012	25,000		5.57		2.80		(648		)
	$	50,000	5.14		2.50		$	(807	)

Schedule of Cash Flow Hedging Instruments, Location in Statements

The following table summarizes amounts included in the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 related to interest rate swap agreements designated as cash flow hedges:

Derivative Instruments Designated as Hedging Instruments:	2012		2011	2010
	(dollars expressed in thousands)
Interest Rate Swap Agreements - Loans:
Interest and fees on loans	$	—	—	5,745

The following table summarizes amounts included in the consolidated statements of operations for the years December 31, 2012, 2011 and 2010 related to non-hedging derivative instruments:

Derivative Instruments Not Designated as Hedging Instruments:	Location of Gain (Loss) Recognized in Operations on Derivatives	Amount of Gain (Loss) Recognized in Operations on Derivatives
		2012			2011		2010
		(dollars expressed in thousands)
Interest rate swap agreements – subordinated debentures	Other noninterest income	$	(43	)	(194	)	(2,929	)
Customer interest rate swap agreements	Other noninterest income	3			1		4
Interest rate lock commitments	Gain on loans sold and held for sale	456			1,105		(93	)
Forward commitments to sell mortgage-backed securities	Gain on loans sold and held for sale	424			(2,267	)	891