Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Assets And Liabilities Recorded At Fair Value On A Recurring Basis


		Balance at		Fair Value Measurements Using:
Dollars in thousands		March 31, 2013		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	31,817	$	-	$	31,817	$	-
Mortgage backed securities:
Government sponsored agencies		145,331		-		145,331		-
Nongovernment sponsored agencies		14,091		-		14,091		-
State and political subdivisions		13,918		-		13,918		-
Corporate debt securities		2,977		-		2,977		-
Other equity securities		77		-		77		-
Tax-exempt state and political subdivisions		72,201		-		72,201		-
Tax-exempt mortgage-backed securities		2,642		-		2,642		-
Total available for sale securities	$	283,054	$	-	$	283,054	$	-


		Balance at		Fair Value Measurements Using:
Dollars in thousands		December 31, 2012		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	29,020	$	-	$	29,020	$	-
Mortgage backed securities:
Government sponsored agencies		136,570		-		136,570		-
Nongovernment sponsored agencies		15,745		-		15,745		-
State and political subdivisions		12,169		-		12,169		-
Corporate debt securities		1,950		-		1,950		-
Other equity securities		77		-		77		-
Tax-exempt state and political subdivisions		83,270		-		83,270		-
Tax-exempt mortgage backed securities		2,738		-		2,738		-
Total available for sale securities	$	281,539	$	-	$	281,539	$	-

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis


		Total at		Fair Value Measurements Using:
Dollars in thousands		March 31, 2013		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	148	$	-	$	148	$	-

Impaired loans
Commercial	$	10,082	$	-	$	4,900	$	5,182
Commercial real estate		22,276		-		15,606		6,670
Construction and development		26,631		-		25,133		1,498
Residential real estate		23,644		-		20,959		2,685
Consumer		48		-		-		48
Total impaired loans	$	82,681	$	-	$	66,598	$	16,083

OREO
Commercial	$	-	$	-	$	-	$	-
Commercial real estate		11,779		-		10,991		788
Construction and development		38,599		-		38,581		18
Residential real estate		4,247		-		4,247		-
Consumer		-		-		-		-
Total OREO	$	54,625	$	-	$	53,819	$	806


		Total at		Fair Value Measurements Using:
Dollars in thousands		December 31, 2012		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	226	$	-	$	226	$	-

Impaired loans
Commercial	$	10,856	$	-	$	5,013	$	5,843
Commercial real estate		25,435		-		16,331		9,104
Construction and development		27,352		-		24,578		2,774
Residential real estate		24,442		-		21,625		2,817
Consumer		50		-		-		50
Total impaired loans	$	88,135	$	-	$	67,547	$	20,588

OREO
Commercial	$	-	$	-	$	-	$	-
Commercial real estate		11,835		-		11,047		788
Construction and development		40,671		-		35,978		4,693
Residential real estate		3,666		-		3,666		-
Consumer		-		-		-		-
Total OREO	$	56,172	$	-	$	50,691	$	5,481

Carrying Values And Estimated Fair Values Of Financial Instruments


		March 31, 2013				December 31, 2012
				Estimated				Estimated
		Carrying		Fair		Carrying		Fair
Dollars in thousands		Value		Value		Value		Value
Financial assets
Cash and due from banks	$	11,821	$	11,821	$	14,802	$	14,802
Interest bearing deposits with
other banks		-		-		-		-
Securities available for sale		283,054		283,054		281,539		281,539
Other investments		12,977		12,977		14,658		14,658
Loans held for sale, net		148		148		226		226
Loans, net		945,741		971,638		937,168		965,454
Accrued interest receivable		5,543		5,543		5,621		5,621
	$	1,259,284	$	1,285,181	$	1,254,014	$	1,282,300
Financial liabilities
Deposits	$	1,066,317	$	1,100,213	$	1,027,125	$	1,064,957
Short-term borrowings		5,960		5,960		3,958		3,958
Long-term borrowings		163,588		178,776		203,268		220,175
Subordinated debentures		16,800		16,800		16,800		16,800
Subordinated debentures owed to
unconsolidated subsidiary trusts		19,589		19,589		19,589		19,589
Accrued interest payable		1,641		1,641		1,877		1,877
	$	1,273,895	$	1,322,979	$	1,272,617	$	1,327,356

- 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).

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- 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

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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

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-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

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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

-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

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