Notes Payable and Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term notes payable consisted of the following as of June 30, 2012 and December 31, 2011:

	(Dollars in thousands)
	2012		2011
Line of credit with variable interest rate equal to the WSJ prime rate, subject to a 5.0% floor; maturity January 2013.  Interest payments due quarterly.  Unsecured.	$	625	$	485

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following as of June 30, 2012 and December 31, 2011:

	(Dollars in thousands)
	2012		2011
Subordinated debentures issued on December 15, 2005 with fixed interest rate of 8.83% each distribution period thereafter until December 15, 2015 when the coupon rate shall equal the 3-Month LIBOR plus 3.75% applied to the outstanding principal; maturity December 2035.  Interest payments due quarterly.  All may be redeemed at any time following the tenth anniversary of issuance.  Unsecured.	$	9,279	$	9,279
Subordinated debentures issued on June 21, 2007 with a floating interest rate equal to the 3 Month LIBOR plus 3.40% applied to the outstanding principal; maturity June 15, 2037. Interest payments due quarterly.  All may be redeemed at any time following the fifth anniversary of issuance.  Unsecured.	3,093		3,093
	$	12,372	$	12,372