Fair Value (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below:

	Fair Value Measurements at September 30, 2012 Using
	Quoted Prices in
	Active Markets for		Significant Other		Significant
	Identical Assets		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
U.S. Treasury and Agency Securities	$	—	$	3,625	$	—	$	3,625
Corporate Securities		—		—		—		—
Obligations of State and Political Subdivisions		—		63,053		11,800		74,853
Mortgage-backed Securities-Residential		—		533,212		—		533,212
Equity Securities		353		—		353		706
Total Securities	$	353	$	599,890	$	12,153	$	612,396
Loans Held-for-Sale	$	—	$	18,993	$	—	$	18,993
Derivatives	$	—	$	209	$	—	$	209
Financial Liabilities Derivatives	$	—	$	214	$	—	$	214

	Fair Value Measurements at December 31, 2011 Using
	Quoted Prices in
	Active Markets for		Significant Other		Significant
	Identical Assets		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
U.S. Treasury and Agency Securities	$	—	$	6,422	$	—	$	6,422
Corporate Securities		—		—		1,005		1,005
Obligations of State and Political Subdivisions		—		60,027		4,772		64,799
Mortgage-backed Securities-Residential		—		443,934		—		443,934
Equity Securities		331		—		353		684
Total Securities	$	331	$	510,383	$	6,130	$	516,844
Loans Held-for-Sale	$	—	$	21,485	$	—	$	21,485

Reconciliation of all Assets Measured at Fair Value on Recurring Basis, Using Significant Unobservable Inputs (Level 3)

The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2012 and 2011:

	Obligations of State
	and Political
	Subdivisions				Equity Securities				Corporate Securities
	2012		2011		2012		2011		2012		2011
Balance of Recurring Level 3 Assets at June 30	$	11,791	$	4,772	$	353	$	353	$	—	$	1,005
Total Gains or Losses (realized/unrealized) Included in Earnings		9		—		—		—		—		—
Purchases		—		—		—		—		—		—
Balance of Recurring Level 3 Assets at September 30	$	11,800	$	4,772	$	353	$	353	$	—	$	1,005

	Obligations of State
	and Political
	Subdivisions					Equity Securities				Corporate Securities
	2012			2011		2012		2011		2012			2011
Balance of Recurring Level 3 Assets at January 1	$	4,772		$	—	$	353	$	353	$	1,005		$	—
Total Gains or Losses (realized/unrealized) Included in Earnings		60			—		—		—		—			—
Maturities / Calls		(697	)		—		—		—		(1,005	)		—
Purchases		7,665			4,772		—		—		—			1,005
Balance of Recurring Level 3 Assets at September 30	$	11,800		$	4,772	$	353	$	353	$	—		$	1,005

Assets and Liabilities Measured at Fair Value on Non-Recurring Basis

Assets and liabilities measured at fair value on a non-recurring basis are summarized below:

	Fair Value Measurements at September 30, 2012 Using
	Quoted Prices in
	Active Markets for		Significant Other		Significant
	Identical Assets		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Impaired Loans with Specific Allocations
Commercial and Industrial Loans	$	—	$	—	$	1,326	$	1,326
Commercial Real Estate Loans		—		—		2,930		2,930
Other Real Estate
Commercial Real Estate		—		—		150		150
Residential		—		—		—		—

	Fair Value Measurements at December 31, 2011 Using
	Quoted Prices in
	Active Markets for		Significant Other		Significant
	Identical Assets		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Impaired Loans with Specific Allocations
Commercial and Industrial Loans	$	—	$	—	$	2,035	$	2,035
Commercial Real Estate Loans		—		—		2,783		2,783
Other Real Estate
Commercial Real Estate		—		—		250		250
Residential		—		—		—		—

Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Non-Recurring Basis

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2012:

					Range
			Valuation		(Weighted
	Fair Value		Technique(s)	Unobservable Input(s)	Average)
Impaired Loans - Commercial and Industrial Loans	$	1,298	Sales comparison approach	Adjustment for differences between the comparable sales	4%-58% (8%)
Impaired Loans - Commercial Real Estate Loans	$	2,930	Sales comparison approach Income approach Cost approach	Adjustment for physical condition of comparable properties sold	20%-78% (46%)
				Adjustment for net operating income  generated by thepropertyProperty
				Adjustment for investor rates of return

Carrying Amounts and Estimated Fair Values of Company's Financial Instruments

				Fair Value Measurements at
				September 30, 2012 Using
	Carrying Value			Level 1			Level 2			Level 3			Total
Financial Assets:
Cash and Short-term Investments	$	66,503		$	33,960		$	32,543		$	—		$	66,503
Securities Held-to-Maturity		346			—			351			—			351
FHLB Stock and Other Restricted Stock		8,340			N/A			N/A			N/A			N/A
Loans, Net		1,144,984			—			—			1,152,329			1,152,329
Accrued Interest Receivable		7,746			—			1,972			5,774			7,746
Financial Liabilities:
Demand, Savings, and Money Market Deposits		(1,261,011	)		(1,261,011	)		—			—			(1,261,011	)
Time Deposits		(358,026	)		—			(362,656	)		—			(362,656	)
Short-term Borrowings		(70,109	)		—			(70,109	)		—			(70,109	)
Long-term Debt		(70,965	)		—			(48,480	)		(26,919	)		(75,399	)
Accrued Interest Payable		(1,062	)		—			(973	)		(89	)		(1,062	)
Unrecognized Financial Instruments:
Commitments to Extend Credit		—			—			—			—			—
Standby Letters of Credit		—			—			—			—			—
Commitments to Sell Loans		—			—			—			—			—

	December 31, 2011
	Carrying			Fair
	Value			Value
Financial Assets:
Cash and Short-term Investments	$	67,089		$	67,089
Securities Held-to-Maturity		690			697
FHLB Stock and Other Restricted Stock		8,340			N/A
Loans, Net		1,100,863			1,111,532
Accrued Interest Receivable		7,793			7,793
Financial Liabilities:
Demand, Savings, and Money Market Deposits		(1,181,919	)		(1,181,919	)
Time Deposits		(374,279	)		(380,584	)
Short-term Borrowings		(40,019	)		(40,019	)
Long-term Debt		(90,974	)		(96,047	)
Accrued Interest Payable		(1,884	)		(1,884	)
Unrecognized Financial Instruments:
Commitments to Extend Credit		—			—
Standby Letters of Credit		—			—
Commitments to Sell Loans		—			—