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Fair Value Measurements and Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Schedule of Changes in Investment Securities Available-for-Sale [Table Text Block]
                                 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2012

 

 

2011

 

 

2012

 

 

2011

 

 

 

(in thousands)

 

Balance, beginning of the period

 

$

1,963

 

 

$

3,009

 

 

$

2,115

 

 

$

2,870

 

Principal interest deferrals

 

 

34

 

 

 

30

 

 

 

68

 

 

 

59

 

Principal repayments

 

 

(112

)

 

 

(268

)

 

 

(170

)

 

 

(452

)

Total net losses included in net income

 

 

(28

)

 

 

 

 

 

(28

)

 

 

 

Total net unrealized (losses) gains

 

 

(1

)

 

 

(76

)

 

 

(129

)

 

 

218

 

Balance, end of the period

 

$

1,856

 

 

$

2,695

 

 

$

1,856

 

 

$

2,695

 

Schedule of Assets at Fair Value on a Non-recurring Basis
Schedule of Fair Value Hierarchy [Table Text Block]
                                       

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Carrying

Amount

 

Fair Value

 

 

Quoted

Prices in

Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

 

 

(in thousands)

 

June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Cash and due from banks

 

$

73,668

 

$

73,668

 

 

$

73,668

 

 

$

 

 

$

 

    Interest bearing deposits with banks

 

 

12,000

 

 

12,000

 

 

 

12,000

 

 

 

 

 

 

 

    Investment securities held-to-maturity

 

 

62,997

 

 

66,562

 

 

 

 

 

 

66,562

 

 

 

 

    Restricted investment in bank stocks

 

 

9,139

 

 

9,139

 

 

 

9,139

 

 

 

 

 

 

 

    Net loans (including loans held for sale)

 

 

797,233

 

 

803,952

 

 

 

501

 

 

 

 

 

 

803,451

 

    Accrued interest receivable

 

 

6,465

 

 

6,465

 

 

 

 

 

 

4,302

 

 

 

2,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Non interest-bearing deposits

 

 

181,282

 

 

181,282

 

 

 

 

 

 

181,282

 

 

 

 

    Interest-bearing deposits

 

 

993,367

 

 

994,379

 

 

 

 

 

 

994,379

 

 

 

 

    Short-term borrowings

 

 

107

 

 

107

 

 

 

 

 

 

107

 

 

 

 

    Long-term borrowings

 

 

161,000

 

 

179,241

 

 

 

 

 

 

179,241

 

 

 

 

    Subordinated debentures

 

 

5,155

 

 

5,184

 

 

 

 

 

 

5,184

 

 

 

 

    Accrued interest payable

 

 

912

 

 

912

 

 

 

 

 

 

912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Cash and due from banks

 

$

111,101

 

$

111,101

 

 

$

111,101

 

 

$

 

 

$

 

    Investment securities held-to-maturity

 

 

72,233

 

 

74,922

 

 

 

 

 

 

74,922

 

 

 

 

    Restricted investment in bank stocks

 

 

9,233

 

 

9,233

 

 

 

9,233

 

 

 

 

 

 

 

    Net loans (including loans held for sale)

 

 

746,408

 

 

752,252

 

 

 

1,029

 

 

 

 

 

 

751,223

 

    Accrued interest receivable

 

 

6,219

 

 

6,219

 

 

 

 

 

 

3,894

 

 

 

2,325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Non interest-bearing deposits

 

 

167,164

 

 

167,164

 

 

 

 

 

 

167,164 

 

 

 

 

    Interest-bearing deposits

 

 

954,251

 

 

928,777

 

 

 

 

 

 

928,777

 

 

 

 

    Long-term borrowings

 

 

161,000

 

 

175,933

 

 

 

 

 

 

175,933

 

 

 

 

    Subordinated debentures

 

 

5,155

 

 

5,159

 

 

 

 

 

 

5,159

 

 

 

 

    Accrued interest payable

 

 

992

 

 

992

 

 

 

 

 

 

992