Fair Value (Tables)
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6 Months Ended |
Jun. 30, 2013
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Fair Value Disclosures [Abstract] |
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Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
| | | | | | Quoted Prices in | | Significant | | | | | | | | | Active Markets | | Other | | Significant | | | | | | | for | | Observable | | Unobservable | | | | | | | Identical Assets | | Inputs | | Inputs | (Dollars in thousands) | | Amount | | (Level 1) | | (Level 2) | | (Level 3) | June 30, 2013: | | | | | | | | | Securities available-for-sale: | | | | | | | | | | Agency obligations | $ | 46,615 | | — | | 46,615 | | — | | Agency RMBS | | 153,963 | | — | | 153,963 | | — | | State and political subdivisions | | 69,522 | | — | | 69,522 | | — | | Trust preferred securities | | 694 | | — | | — | | 694 | Total securities available-for-sale | | 270,794 | | — | | 270,100 | | 694 | Other assets (1) | | 961 | | — | | 961 | | — | | | Total assets at fair value | $ | 271,755 | | — | | 271,061 | | 694 | | | | | | | | | | | | Other liabilities(1) | | 961 | | — | | 961 | | — | | | Total liabilities at fair value | $ | 961 | | — | | 961 | | — | | | | | | | | | | | | December 31, 2012: | | | | | | | | | Securities available-for-sale: | | | | | | | | | | Agency obligations | $ | 39,525 | | — | | 39,525 | | — | | Agency RMBS | | 141,460 | | — | | 141,460 | | — | | State and political subdivisions | | 77,838 | | — | | 77,838 | | — | | Trust preferred securities | | 652 | | — | | — | | 652 | Total securities available-for-sale | | 259,475 | | — | | 258,823 | | 652 | Other assets (1) | | 1,210 | | — | | 1,210 | | — | | | Total assets at fair value | $ | 260,685 | | — | | 260,033 | | 652 | | | | | | | | | | | | Other liabilities(1) | | 1,210 | | — | | 1,210 | | — | | | Total liabilities at fair value | $ | 1,210 | | — | | 1,210 | | — | | | | | | | | | | | | (1)Represents the fair value of interest rate swap agreements. |
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Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] |
| | | | | Quoted Prices in | | | | | | | | | | Active Markets | | Other | | Significant | | | | | | for | | Observable | | Unobservable | | | | | | Identical Assets | | Inputs | | Inputs | (Dollars in thousands) | | Amount | | (Level 1) | | (Level 2) | | (Level 3) | June 30, 2013: | | | | | | | | | Loans held for sale | $ | 4,824 | | — | | 4,824 | | — | Loans, net(1) | | 5,124 | | — | | — | | 5,124 | Other real estate owned | | 3,609 | | — | | — | | 3,609 | Other assets (2) | | 1,979 | | — | | — | | 1,979 | | Total assets at fair value | $ | 15,536 | | — | | 4,824 | | 10,712 | December 31, 2012: | | | | | | | | | Loans held for sale | $ | 2,887 | | — | | 2,887 | | — | Loans, net(1) | | 10,272 | | — | | — | | 10,272 | Other real estate owned | | 4,919 | | — | | — | | 4,919 | Other assets (2) | | 1,526 | | — | | — | | 1,526 | | Total assets at fair value | $ | 19,604 | | — | | 2,887 | | 16,717 | | | | | | | | | | | (1)Loans considered impaired under ASC 310-10-35 Receivables. This amount reflects the recorded investment in | | impaired loans, net of any related allowance for loan losses. | (2)Represents the carrying value of MSRs, net. |
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Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
| | | | | | | Six months ended June 30, | (Dollars in thousands) | | | | | | | | 2013 | | | 2012 | Beginning balance | | | | | | | $ | 652 | | $ | 1,986 | | Total realized and unrealized gains and (losses): | | | | | | | | | | | | | | Included in net earnings | | | | | | | | — | | | (6) | | | Included in other comprehensive income | | | | | | | | 42 | | | 124 | | Sales | | | | | | | | — | | | (974) | | Settlements | | | | | | | | — | | | (500) | Ending balance | | | | | | | $ | 694 | | $ | 630 |
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Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block] |
| | | | | | | | | Weighted | | | Carrying | | | | | | Average | (Dollars in thousands) | | Amount | | Valuation Technique | | Significant Unobservable Input | | of Input | Recurring: | | | | | | | | | | Trust preferred securities | $ | 694 | | Discounted cash flow | | Credit spread (basis points) | | 624 | bp | | | | | | | | | | | | Nonrecurring: | | | | | | | | | | Impaired loans | $ | 5,124 | | Appraisal | | Appraisal discounts (%) | | 13.9 | % | Other real estate owned | | 3,609 | | Appraisal | | Appraisal discounts (%) | | 9.2 | % | Mortgage servicing rights, net | | 1,979 | | Discounted cash flow | | Prepayment speed or CPR (%) | | 12.0 | % | | | | | | | | Discount rate (%) | | 11.0 | % | | |
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Financial Instruments [Table Text Block] |
| | | | | | | | | | Fair Value Hierarchy | | | | | Carrying | | | Estimated | | | Level 1 | | | Level 2 | | | Level 3 | (Dollars in thousands) | | | amount | | | fair value | | | inputs | | | inputs | | | Inputs | June 30, 2013: | | | | | | | | | | | | | | | | Financial Assets: | | | | | | | | | | | | | | | | | Loans, net (1) | | $ | 384,269 | | $ | 393,855 | | $ | — | | $ | — | | $ | 393,855 | Financial Liabilities: | | | | | | | | | | | | | | | | | Time Deposits | | $ | 261,825 | | $ | 265,782 | | $ | — | | $ | 265,782 | | $ | — | | Long-term debt | | | 27,217 | | | 29,324 | | | — | | | 29,324 | | | — | | | | | | | | | | | | | | | | | | December 31, 2012: | | | | | | | | | | | | | | | | Financial Assets: | | | | | | | | | | | | | | | | | Loans, net (1) | | $ | 391,470 | | $ | 399,533 | | $ | — | | $ | — | | $ | 399,533 | Financial Liabilities: | | | | | | | | | | | | | | | | | Time Deposits | | $ | 263,195 | | $ | 267,636 | | $ | — | | $ | 267,636 | | $ | — | | Long-term debt | | | 47,217 | | | 51,752 | | | — | | | 51,752 | | | — | | | | | | | | | | | | | | | | | | (1) Represents loans, net of unearned income and the allowance for loan losses. |
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