Notes Payable and Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Schedule of Short-term Debt

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

	(Dollars in thousands)
	2012		2011
Line of credit with variable interest rate equal to the Wall Street Journal (WSJ) prime rate, subject to a 5.0% floor; maturity January 2013.  Interest payments due quarterly.  Unsecured.	$	125	$	485

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following as of September 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 4.5% floor; maturity September 2017.  Interest payments due monthly.  Secured.	$	2,034	$	—
Promissory note with variable interest rate equal to the WSJ prime rate plus 1%; maturity November 2021. Annual installment payments. Unsecured.	10,500		—
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
	$	24,906	$	12,372