Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurement [Abstract]

Assets Measured on Recurring and Nonrecurring Basis

	Assets / Liabilities Measured at Fair Value		Fair Value Measurements at June 30, 2012 using:
Description	at June 30, 2012		Level 1		Level 2		Level 3
Available-for-sale securities:
U.S. Government sponsored enterprises	$	68,503	$	-	$	68,503	$	-
Obligations of state and political subdivisions		87,367		-		87,367		-
GSE mortgage-backed securities		124,142		-		124,142		-
Asset-backed securities		12,463		-		12,463		-
Collateralized mortgage obligations: residential		47,888		-		47,888		-
Collateralized mortgage obligations: commercial		29,930		-		29,930		-
	$	370,293	$	-	$	370,293	$	-

	Assets / Liabilities Measured  at Fair Value		Fair Value Measurements at December 31, 2011 using:
Description	at December 31, 2011		Level 1		Level 2		Level 3
Available-for-sale securities:
U.S. Government sponsored enterprises	$	94,999	$	-	$	94,999	$	-
Obligations of state and political subdivisions		96,149		-		96,149		-
GSE mortgage-backed securities		109,487		-		109,487		-
Collateralized mortgage obligations: residential		41,468		-		41,468		-
Collateralized mortgage obligations: commercial		25,138		-		25,138		-
	$	367,241	$	-	$	367,241	$	-

Certain assets and liabilities are measured at fair value on a nonrecurring basis and are included in the table below (in thousands).  Impaired loans are level 2 assets measured using appraisals from external parties of the collateral less any prior liens.  Other real estate properties are also level 2 assets measured using appraisals from external parties.

	Assets / Liabilities Measured at  Fair Value		Fair Value Measurements at June 30, 2012 using:
Description	at June 30, 2012		Level 1		Level 2		Level 3
Impaired loans	$	1,987	$	-	$	1,987	$	-
Other real estate	$	6,968	$	-	$	6,968	$	-

	Assets / Liabilities Measured at Fair Value		Fair Value Measurements at December 31, 2011 using:
Description	at December 31, 2011		Level 1		Level 2		Level 3
Impaired loans	$	2,994	$	-	$	2,994	$	-
Other real estate	$	7,369	$	-	$	7,369	$	-

Estimated Fair Values of Financial Instruments

The carrying amounts and estimated fair values of the Company's financial instruments are as follows at June 30, 2012 and December 31, 2011 (in thousands):

			Fair Value Measurements at  June 30, 2012 Using:
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	50,646	$	50,646	$	-	$	-
Time deposits held in banks		710		-		-		712
Securities available-for-sale		370,293		-		370,293		-
Securities held-to-maturity		123,054		-		125,912		-
Other investments		5,815		5,815		-		-
Loans, net		744,233		-		-		750,956
Cash surrender value of life insurance policies		4,872		-		4,872		-
Financial liabilities:
Non-interest-bearing deposits		269,110		-		269,110		-
Interest-bearing deposits		884,651		-		608,583		278,193
Securities sold under agreements to repurchase		50,347		50,347		-		-
Junior subordinated debentures		15,465		-		8,248		7,808

			Fair Value Measurements at December 31, 2011 Using:
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	83,303	$	83,303	$	-	$	-
Time deposits held in banks		710		-		-		716
Securities available-for-sale		367,241		-		367,241		-
Securities held-to-maturity		100,472		-		101,131		-
Other investments		5,637		5,637		-		-
Loans, net		739,029		-		-		747,156
Cash surrender value of life insurance policies		4,853		-		4,853		-
Financial liabilities:
Non-interest-bearing deposits		254,755		-		254,755		-
Interest-bearing deposits		910,051		-		585,510		327,694
Securities sold under agreements to repurchase		46,078		46,078		-		-
Junior subordinated debentures		15,465		-		8,248		9,095