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Fair Value Measurements and Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2012

 

 

2011

 

 

2012

 

 

2011

 

 

 

(in thousands)

 

Balance, beginning of the period

 

$

1,856

 

 

$

2,695

 

 

$

2,115

 

 

$

2,870

 

Principal interest deferrals

 

 

33

 

 

 

29

 

 

 

101

 

 

 

88

 

Principal repayments

 

 

(102

)

 

 

(179

)

 

 

(272

)

 

 

(631

)

Total net losses included in net income

 

 

(32

)

 

 

 

 

 

(60

)

 

 

 

Total net unrealized (losses) gains

 

 

296

 

 

 

(149

)

 

 

167

 

 

 

69

 

Balance, end of the period

 

$

2,051

 

 

$

2,396

 

 

$

2,051

 

 

$

2,396

 

Schedule of Assets at Fair Value on a Non-recurring Basis

Fair Value Measurements at Reporting Date

Using

 

Assets Measured at Fair Value on a Non-Recurring Basis

 

September 30, 2012

 

 

Quoted

Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

 

(in thousands)

 

Impaired loans

 

$

6,106

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date

Using

 

Assets Measured at Fair Value on a Non-Recurring Basis

 

December 31,
2011

 

 

Quoted

Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

 

(in thousands)

 

Impaired loans

 

$

10,740

 

 

$

 

 

$

 

 

$

10,740

 

Other real estate owned

 

 

591

 

 

 

 

 

 

 

 

 

591

 

 

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)

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Cash and due from banks

 

$

100,106

 

$

100,106

 

 

$

100,106

 

 

$

 

 

$

 

    Interest bearing deposits with banks

 

 

2,002

 

 

2,002

 

 

 

2,002

 

 

 

 

 

 

 

    Investment securities held-to-maturity

 

 

56,503

 

 

60,946

 

 

 

 

 

 

60,946

 

 

 

 

    Restricted investment in bank stocks

 

 

8,964

 

 

8,964

 

 

 

8,964

 

 

 

 

 

 

 

    Net loans (including loans held for sale)

 

 

860,813

 

 

873,548

 

 

 

1,055

 

 

 

 

 

 

872,493

 

    Accrued interest receivable

 

 

6,428

 

 

6,428

 

 

 

 

 

 

3,996

 

 

 

2,432

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Non interest-bearing deposits

 

 

192,321

 

 

192,321

 

 

 

 

 

 

192,321

 

 

 

 

    Interest-bearing deposits

 

 

1,100,692

 

 

1,101,765

 

 

 

 

 

 

1,101,765

 

 

 

 

    Short-term borrowings

 

 

50

 

 

50

 

 

 

 

 

 

50

 

 

 

 

    Long-term borrowings

 

 

146,000

 

 

164,468

 

 

 

 

 

 

164,468

 

 

 

 

    Subordinated debentures

 

 

5,155

 

 

5,088

 

 

 

 

 

 

5,088

 

 

 

 

    Accrued interest payable

 

 

899

 

 

899

 

 

 

 

 

 

899

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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