Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements of Assets and Liabilities Recognized in Consolidated Condensed Balance Sheets Measured at Fair Value

The following table presents the fair value measurements of assets and liabilities recognized in the Consolidated Condensed Balance Sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2012, and December 31, 2011.

				Fair Value Measurements Using
June 30, 2012	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available for sale securities:
U.S. Government-sponsored agency securities	$	4,933			$	4,933
State and municipal		145,597				126,059	$	19,538
U.S. Government-sponsored mortgage-backed securities		383,562				383,562
Corporate obligations		11,629				11,431		198
Marketable equity securities		1,830				1,826		4
Interest rate swap asset		5,552				5,552
Interest rate cap		243				243
Interest rate swap liability		(9,136	)			(9,136

				Fair Value Measurements Using
December 31, 2011	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available for sale securities:
U.S. Government-sponsored agency securities	$	17			$	17
State and municipal		147,353				126,712	$	20,641
U.S. Government-sponsored mortgage-backed securities		368,998				368,998
Corporate obligations		193						193
Marketable equity securities		1,830				1,826		4
Interest rate swap asset		5,241						5,241
Interest rate cap		424						424
Interest rate swap liability		(7,797	)					(7,797	)

Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements Recognized in Consolidated Condensed Balance Sheets using Significant Unobservable Level 3 Inputs

The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the Consolidated Condensed Balance Sheets using significant unobservable (Level 3) inputs for the three and six months ended June 30, 2012, and 2011.

	Three Months Ended June 30, 2012						Six Months Ended June 30, 2012
	Available for Sale Securities			Interest Rate Swap Asset	Interest Rate Cap	Interest Rate Swap Liability	Available for Sale Securities			Interest Rate Swap Asset			Interest Rate Cap			Interest Rate Swap Liability
Balance at beginning of the period	$	19,878					$	20,838		$	5,241		$	424		$	(7,797	)
Total realized and unrealized gains and losses:
Included in net income (loss)											(860	)					863
Included in other comprehensive income		(238	)					(761	)		481			(15	)
Purchases, issuances and settlements
Transfers in/(out) of Level 3											(4,862	)		(409	)		6,934
Principal payments/additions		100						(337	)
Ending balance at June 30, 2012	$	19,740					$	19,740

	Three Months Ended June 30, 2011												Six Months Ended June 30, 2011
	Available for Sale Securities			Interest Rate Swap Asset			Interest Rate Cap			Interest Rate Swap Liability			Available for Sale Securities			Interest Rate Swap Asset			Interest Rate Cap			Interest Rate Swap Liability
Balance at beginning of the period	$	173		$	3,647		$	1,124		$	(3,379	)	$	186		$	4,002		$	1,109		$	(3,876	)
Total realized and unrealized gains and losses:
Included in net income (loss)					586						(607	)		(400	)		112						(110	)
Included in other comprehensive income		(82	)		(450	)		(170	)					240			(331	)		(155	)
Purchases, issuances and settlements
Transfers in/(out) of Level 3
Principal payments		89												154
Ending balance at June 30, 2011	$	180		$	3,783		$	954		$	(3,986	)	$	180		$	3,783		$	954		$	(3,986	)

Transfer Between Levels 1, 2 and 3 and Reasons For Transfers

Transfer between Levels 1, 2 and 3 and the reasons for those transfers are as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Transfers from Level:
Interest rate swap asset				$	4,862	The interest rate swap and cap instruments were transferred
Interest rate cap					409	from Level 3 to Level 2 as of March 31, 2012 due to the Corporation's additional analysis of valuation methodologies. These instruments are valued using widely accepted valuation techniques including discounted cash flow analysis using observable inputs such as contractual terms and Libor-based rate curves.
Interest rate swap liability					6,934
Total Transfers from Level				$	12,205
Transfers to Level:
Interest rate swap asset		$	4,862			The interest rate swap and cap instruments were transferred
Interest rate cap			409			from Level 3 to Level 2 as of March 31, 2012 due to the Corporation's additional analysis of valuation methodologies. These instruments are valued using widely accepted valuation techniques including discounted cash flow analysis using observable inputs such as contractual terms and Libor-based rate curves.
Interest rate swap liability			6,934
Total Transfers to Level		$	12,205

Description of Valuation Methodologies Used for Instruments Measured at Fair Value on a Non-Recurring Basis and Recognized in Consolidated Condensed Balance Sheets

The following table presents the fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2012, and December 31, 2011.

			Fair Value Measurements Using
June 30, 2012	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans	$	20,780			$	20,780
Other real estate owned (collateral dependent)	$	6,563			$	6,563

			Fair Value Measurements Using
December 31, 2011	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans	$	22,885			$	22,885
Other real estate owned (collateral dependent)	$	7,882			$	7,882

Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Other Than Goodwill

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at June 30, 2012.

	Fair Value		Valuation Technique	Unobservable Inputs	Range
State and municipal securities	$	19,538	Discounted cash flow	Maturity/Call date	1 month to 11 yrs
				Blend of US Muni BQ curve	A- to BBB-
				Discount rate	1% - 4	%
Corporate obligations/ Marketable equity securities	$	202	Discounted cash flow	Risk free rate	3 month libor
				plus Premium for illiquidity	plus 200bps
Impaired loans (collateral dependent)	$	20,780	Collateral based  measurements	Discount to reflect current market conditions and ultimate collectabilty	0% - 50	%
Other real estate owned	$	6,563	Appraisals	Discount to reflect current market conditions	0% - 20	%

Estimated Fair Values of Financial Instruments

The following table presents estimated fair values of the Corporation’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2012, and December 31, 2011.

	June 30, 2012
	(unaudited)
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and due from banks	$	68,493	$	68,493
Interest-bearing time deposits		41,760		41,760
Investment securities available for sale		547,551			$	527,811	$	19,740
Investment securities held to maturity		396,770				400,173		13,074
Mortgage loans held for sale		15,278				15,278
Loans		2,727,491						2,756,565
Federal Reserve Bank and Federal Home Loan Bank stock		33,033				33,033
Interest rate swap asset		5,795				5,795
Interest receivable		16,506				16,506
Liabilities:
Deposits	$	3,288,898	$	2,343,492	$	946,039
Borrowings:
Federal funds purchased		652				652
Securities sold under repurchase agreements		160,127				160,728
Federal Home Loan Bank advances		96,847				100,031
Subordinated debentures, revolving credit lines and term loans		115,951				68,852
Interest rate swap liability		9,136				9,136
Interest payable		2,168				2,168

	December 31, 2011
	(unaudited)
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and due from banks	$	73,312	$	73,312
Interest-bearing time deposits		52,851		52,851
Investment securities available for sale		518,491			$	497,653	$	20,838
Investment securities held to maturity		427,909				428,737		13,732
Mortgage loans held for sale		17,864				17,864
Loans		2,642,517						2,658,227
Federal Reserve Bank and Federal Home Loan Bank stock		31,270				31,270
Interest rate swap asset		5,665						5,665
Interest receivable		17,723				17,723
Liabilities:
Deposits	$	3,134,655	$	2,195,679	$	944,078
Borrowings:
Securities sold under repurchase agreements		156,305				157,342
Federal Home Loan Bank advances		138,095				141,693
Subordinated debentures, revolving credit lines and term loans		194,974				142,632
Interest rate swap liability		7,797						7,797
Interest payable		2,925				2,925