Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis


(in thousands)	Total	Level 1	Level 2	Level 3	Total Gains (Losses)
June 30, 2012
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$ 5,450	$ -	$ 5,450	$ -
Obligations of state and political
subdivisions	53,933	-	53,933	-
Mortgage-backed securities:
U.S. Government agencies	246,954	-	246,954	-
Private label	4,096	-	4,096	-
Trust preferred securities	47,128	-	45,085	2,043
Corporate securities	13,535	-	13,535	-
Marketable equity securities	4,015	4,015	-	-
Investment funds	1,780	1,780	-	-
Derivative assets	14,073	-	14,073	-

Financial Liabilities
Derivative liabilities	14,073	-	14,073	-

Nonrecurring fair value measurements
Financial Assets
Impaired loans	$ 21,875	$ -	$ 21,523	$ 352	$ 244

December 31, 2011
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$ 6,041	$ -	$ 6,041	$ -
Obligations of states and political
subdivisions	56,802	-	56,802	-
Mortgage-backed securities:
U.S. Government agencies	227,613	-	227,613	-
Private label	5,156	-	5,156	-
Trust preferred securities	45,157	-	43,175	1,982
Corporate securities	14,398	-	14,398	-
Marketable equity securities	3,853	3,853	-	-
Investment funds	1,763	1,763	-	-
Derivative assets	11,541	-	11,541	-

Financial Liabilities
Derivative liabilities	11,541	-	11,541	-

Nonrecurring fair value measurements
Financial Assets
Impaired loans	$ 22,118	$ -	$ 21,743	$ 375	$ 2,701

Schedule Of Reconciliation Of Investment Securities Available For Sale Measured At Fair Value On A Recurring Basis Level 3 Assets


	Six months Ended June 30,
(In thousands)	2012	2011

Beginning balance	$ 1,982	$ 2,504
Impairment losses on investment securities	-	-
Included in other comprehensive income	61	911
Transfers into Level 3	-	-
Ending Balance	$ 2,043	$ 3,415

Schedule Of Level 2 Financial Assets And Liabilities Measured On A Recurring Basis


	Six months ended June 30
	2012	2011
(In thousands)	Level 2	Level 2

Carrying value of impaired loans before allocations	$ 5,258	$ 18,077
Specific valuation allowance allocations	(650)	(3,805)
Fair value	$ 4,608	$ 14,272

Schedule Of OREO Measured And Reported At Fair Value


	Six months ended June 30,
(In thousands)	2012	2011

OREO remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement	$ 2,358	$ 3,794
Charge-offs recognized in the allowance for loan losses	(857)	(759)
Fair value	$ 1,501	$ 3,035

OREO remeasured subsequent to initial recognition:
Carrying value of foreclosed assets prior to remeasurement	$ 1,594	$ 119
Write-downs included in other non-interest expense	(596)	(26)
Fair value	$ 998	$ 93

Schedule Of Estimates Of Fair Value Of Financial Instruments


(In thousands)	Carrying Amount	Fair Value	Level 1	Level 2	Level 3
June 30, 2012
Assets:
Securities held-to-maturity	19,319	19,627	-	19,627	-
Net loans	2,046,137	2,093,704	-	-	2,093,704
Liabilities:
Time deposits	931,278	945,472	-	945,472	-
Long-term debt	16,495	16,459	-	16,459	-

December 31, 2011
Assets:
Securities held-to-maturity	23,458	23,423	-	23,423	-
Net loans	1,953,694	1,991,335	-	-	1,991,335
Liabilities:
Time deposits	885,596	898,972	-	898,972	-
Long-term debt	16,495	16,456	-	16,456	-

- Definition

Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a,b,bb)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

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-Section 50

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-Name Accounting Standards Codification

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-Name Accounting Standards Codification

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References+ Details

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

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-Name Accounting Standards Codification

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

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-Subparagraph b-d

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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-Subparagraph a, b, c(1), d(1)

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

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