Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Financial Assets Measured On Recurring Basis [Table Text Block]

The Company’s only financial assets measured at fair value on a recurring basis at September 30, 2012 and December 31, 2011 were as follows (dollars in thousands):

		Level 1		Level 2		Level 3
September 30, 2012
Investment securities available - for - sale	$	-	$	274,863	$	-
December 31, 2011
Investment securities available - for - sale	$	-	$	209,506	$	-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following table represents the assets measured at fair value on a nonrecurring basis by the Company at September 30, 2012 and December 31, 2011 (dollars in thousands):

	Level 1		Level 2		Level 3
September 30, 2012
Impaired loans with specific valuation allowances	$	-	$	-	$	54,649
Other real estate owned		-		-		8,547
	$	-	$	-	$	63,196
December 31, 2011
Impaired loans with specific valuation allowances	$	-	$	-	$	39,436
Other real estate owned		-		-		21,270
	$	-	$	-	$	60,706

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2012 (dollars in thousands):

	September 30, 2012
	Fair Value Estimate		Valuation Techniques	Unobservable Input
Impaired loans	$	54,649	Market approach	Appraised value less selling costs of 5% to 10%
				Liquidation expenses of 5% to 50%
Other real estate owned	$	8,547	Market approach	Appraised value less selling costs of 5% to 10%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The estimated fair values of the Company’s significant on-balance sheet financial instruments at September 30, 2012 and December 31, 2011 were approximately as follows (dollars in thousands):

		September 30, 2012				December 31, 2011
	Level in Fair Value Heirarchy	Carrying value		Estimated fair value		Carrying value		Estimated fair value
Financial assets:
Cash and cash equivalents	Level 1	$	93,412	$	93,412	$	128,439	$	128,439
Investment securities:
Available-for-sale	Level 2		274,863		274,863		209,506		209,506
Held-to-maturity	Level 2		1,023		1,081		1,334		1,412
FHLB stock	Level 2		10,378		10,378		10,472		10,472
Loans, net	Level 2		827,030		855,196		853,659		877,742
BOLI	Level 3		35,434		35,434		34,683		34,683
Financial liabilities:
Deposits	Level 2		1,070,506		1,071,063		1,086,827		1,088,210
FHLB borrowings	Level 2		60,000		65,419		60,000		65,646