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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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)
December 31, 2012
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$	3,888	$	-	$	3,888	$	-
Obligations of states and political subdivisions		48,929		-		48,929		-
Mortgage-backed securities:
U.S. Government agencies		286,482		-		286,482		-
Private label		3,272		-		3,272		-
Trust preferred securities		12,645		-		10,260		2,385
Corporate securities		15,947		-		15,947		-
Marketable equity securities		4,185		4,185		-		-
Investment funds		1,774		1,774		-		-
Derivative assets		14,012		-		14,012		-

Financial Liabilities
Derivative liabilities		14,012		-		14,012		-

Nonrecurring fair value measurements
Financial Assets
Impaired loans	$	10,679	$	-	$	10,679	$	-	$	-
Other Assets		1,000		-		1,000		-		(288)

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	$	16,166	$	-	$	16,085	$	81	$	2,701

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


		December 31,
(In thousands)		2012		2011

Beginning balance	$	1,982	$	2,504
Impairment losses on investment securities		(576)		(355)
Included in other comprehensive income		979		208
Dispositions		-		(375)
Transfers into Level 3		-		-
Ending Balance	$	2,385	$	1,982

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


		December 31,
		2012		2011
(In thousands)		Level 2		Level 2

Carrying value of impaired loans before allocations	$	10,679	$	18,832
Specific valuation allowance allocations		-		(2,666)
Fair value	$	10,679	$	16,166

Schedule Of OREO Measured And Reported At Fair Value



(In thousands)		2012		2011

Beginning Balance, January 1	$	7,948	$	9,316
OREO remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement		5,685		6,096
Charge-offs recognized in the allowance for loan losses		(1,656)		(1,436)
Fair value		4,029		4,660
OREO remeasured subsequent to initial recognition:
Carrying value of foreclosed assets prior to remeasurement		3,659		979
Fair value		2,638		783
Write-downs included in other non-interest expense		(1,021)		(196)
Acquired		728		-
Disposals		(3,522)		(5,832)
Ending Balance, December 31	$	8,162	$	7,948

Schedule Of Estimates Of Fair Value Of Financial Instruments


(In thousands)		Carrying Amount		Fair Value		Level 1		Level 2		Level 3
December 31, 2012
Assets:
Cash and cash equivalents	$	84,994	$	84,994	$	84,994	$	-	$	-
Securities available-for-sale		377,122		377,122		5,959		368,778		2,385
Securities held-to-maturity		13,454		13,861		-		13,861		-
Other securities		11,463		11,463		-		11,463		-
Net loans		2,127,560		2,162,856		-		-		2,162,856
Accrued interest receivable		6,692		6,692		6,692		-		-
Derivative assets		14,012		14,012		-		14,012		-

Liabilities:
Deposits		2,409,316		2,381,495		1,447,954		933,541		-
Short-term debt		114,646		114,648		-		114,648		-
Long-term debt		16,495		16,462		-		16,462		-
Derivative liabilities		14,012		14,012				14,012

December 31, 2011
Assets:
Cash and cash equivalents	$	146,399	$	146,399	$	146,399	$	-	$	-
Securities available-for-sale		360,783		360,783		5,616		353,185		1,982
Securities held-to-maturity		23,458		23,423		-		23,423		-
Other securities		11,934		11,934		-		11,934		-
Net loans		1,953,694		1,991,335		-		-		1,991,335
Accrued interest receivable		7,093		7,093		7,093		-		-
Derivative assets		11,541		11,541		-		11,541		-

Liabilities:
Deposits		2,221,268		2,189,559		1,290,587		898,972		-
Short-term debt		189,050		189,050		-		189,050
Long-term debt		16,495		16,456		-		16,456		-
Derivative liabilities		11,541		11,541		-		11,541		-

- 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.

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-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

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-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

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-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

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

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-Publisher FASB

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-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

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-Name Statement of Financial Accounting Standard (FAS)

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