XML 49 R32.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

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)
March 31, 2013
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$	3,383	$	-	$	3,383	$	-
Obligations of states and political subdivisions		45,801		-		45,801		-
Mortgage-backed securities:
U.S. Government agencies		260,037		-		260,037		-
Private label		2,968		-		2,968		-
Trust preferred securities		12,860		-		10,419		2,441
Corporate securities		16,493		-		16,493		-
Marketable equity securities		4,841		4,841		-		-
Investment funds		1,763		1,763		-		-
Derivative assets		12,090		-		12,090		-

Financial Liabilities
Derivative liabilities		12,090		-		12,090		-

Nonrecurring fair value measurements
Impaired loans	$	12,734	$	-	$	-	$	12,734	$	(750)
Other real estate owned		10,508		-		-		10,508		-

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
Impaired loans	$	10,679	$	-	$	-	$	10,679	$	-
Other real estate owned		8,162		-		-		8,162		(1,021)
Other Assets		1,000		-		1,000		-		(288)

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


		Three Months Ended March 31,
(In thousands)		2013		2012

Beginning balance	$	2,385	$	1,982
Impairment losses on investment securities		-		-
Included in other comprehensive income		56		191
Dispositions		-		-
Transfers into Level 3		-		-
Ending Balance	$	2,441	$	2,173

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


		Three Months Ended March 31,
(In thousands)		2013		2012

Beginning balance	$	10,679	$	13,500

Loans classified as impaired during the period		3,126		-
Specific valuation allowance allocations		(750)		-
		2,376		-

(Additional) reduction in specific valuation allowance
allocations during the period		-		1,715

Paydowns, payoffs, other activity		(321)		(2,010)

Ending balance	$	12,734	$	13,205

Schedule Of OREO Measured And Reported At Fair Value


		Three Months Ended March 31,
(In thousands)		2013		2012

Beginning Balance, January 1	$	8,162	$	7,948
OREO remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement		857		1,651
Charge-offs recognized in the allowance for loan losses		(310)		(561)
Fair value		547		1,090
OREO remeasured subsequent to initial recognition:
Carrying value of foreclosed assets prior to remeasurement		-		35
Fair value		-		22
Write-downs included in other non-interest expense		-		(13)
Acquired		3,492		-
Disposals		(1,693)		(775)
Ending Balance, March 31	$	10,508	$	8,250

Schedule Of Estimates Of Fair Value Of Financial Instruments


(In thousands)		Carrying Amount		Fair Value		Level 1		Level 2		Level 3
March 31, 2013
Assets:
Cash and cash equivalents	$	233,737	$	233,737	$	233,737	$	-	$	-
Securities available-for-sale		348,146		348,146		6,604		339,101		2,441
Securities held-to-maturity		8,383		8,921		-		8,921		-
Other securities		11,502		11,502		-		11,502		-
Net loans		2,477,302		2,522,033		-		-		2,522,033
Accrued interest receivable		8,701		8,701		8,701		-		-
Derivative assets		12,090		12,090		-		12,090		-

Liabilities:
Deposits		2,884,251		2,845,294		1,705,744		1,139,550		-
Short-term debt		116,427		116,431		-		116,431		-
Long-term debt		16,495		16,462		-		16,462		-
Derivative liabilities		12,090		12,090		-		12,090		-

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

- 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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2C

-URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

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

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-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

-Paragraph 10

-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 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details