10-Q/A

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q/A

(Amendment No. 1)

[X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2012

or

[ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Commission file number:  0-18847

INDIANA COMMUNITY BANCORP

(Exact name of registrant as specified in its charter)

         Indiana                                       35-1807839

(State or other Jurisdiction                 (I.R.S. Employer

of Incorporation or Organization)             Identification No.)

501 Washington Street, Columbus, Indiana              47201

     (Address of Principal Executive Offices)             (Zip Code)

Registrant's telephone number including area code:  (812) 522-1592

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES [X]                                                      NO [  ]

Indicate by check mark whether the registrant has submitted electronically  and posted to its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

YES [X]                                                      NO [  ]

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer”, “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [  ]  Accelerated filer [  ]  Non-accelerated filer [  ]  (Do not check if a smaller reporting company)   Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YES [  ]                      NO [X]

Indicate the number of shares outstanding of each of the issuer's classes of common stock as of August 3, 2011.

Common Stock, no par value – 3,420,879 shares outstanding

EXPLANATORY NOTE

The Form 10Q/A amends the Quarterly Report on Form 10-Q of Indiana Community Bancorp for the quarterly period ended June 30, 2012 (the “Form 10-Q’), as filed with the Securities and Exchange Commission on August 14, 2012, for the sole purpose of furnishing the Interactive Data Files as Exhibit 101 in accordance with Rule 405 of Regulation S-T.  Exhibit 101 provides the financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Form 10-Q other than furnishing the exhibit described above.  This Form 10Q/A speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Form 10-Q.

The interactive data files on Exhibit 101 hereto are not deemed filed with the Securities and Exchange Commission and are not to be incorporated by reference into any filing of Indiana Community Bancorp, under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

Item 6.  Exhibits

31.1	Certification required by 12 C.F.R.  240.13a-14(a)  (1)
31.2	Certification required by 12 C.F.R.  240.13a-14(a)  (1)
32	Certification pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  (1)
101	Interactive data files pursuant to Rule 405 of Regulation S-T:*
	101.INS - XBRL Taxonomy Instance Document  (2)
	101.SCH - XBRL Taxonomy Extension Schema  (2)
	101.CAL - XBRL Taxonomy Extension Calculation Linkbase  (2)
	101.DEF - XBRL Taxonomy Extension Definition Linkbase  (2)
	101.LAB - XBRL Taxonomy Extension Label Linkbase  (2)
	101.PRE - XBRL Taxonomy Extension Presentation Linkbase  (2)

_________________

*This information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934 and otherwise is not subject to liability under those sections. The financial information contained in the XBRL documents is unaudited and unreviewed.

(1)   Previously filed

(2)   Furnished, not filed, herewith

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on behalf of the undersigned thereto duly authorized.

		Indiana Community Bancorp
Date:	September 11, 2012
		/s/ Mark T. Gorski
		Mark T. Gorski, Executive Vice President,
		Treasurer, and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description	Location
31(1)	Certification required by 12 C.F.R.  240.13a-14(a)	Previously Filed
31(2)	Certification required by 12 C.F.R.  240.13a-14(a)	Previously Filed
32	Certification pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	Previously Filed
101.INS	XBRL Instance Document	Attached
101.SCH	XBRL Taxonomy Extension Schema	Attached
101.CAL	XBRL Taxonomy Extension Calculation Linkbase	Attached
101.DEF	XBRL Taxonomy Extension Definition Linkbase	Attached
101.LAB	XBRL Taxonomy Extension Label Linkbase	Attached
101.PRE	XBRL Taxonomy Extension Presentation Linkbase	Attached

*Users of the XBRL related information in Exhibit 101 of this quarterly Report on Form 10-Q are advised, in accordance with Regulation S-T Rule 406T, that this Interactive Data File is deemed not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.  The financial information contained in the XBRL related documents is unaudited and unreviewed.

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Securities (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Amortized Cost	$ 155,978	$ 178,300
Securities available for sale	159,699	180,770
Securities Pledged As Collateral [Member]
Amortized Cost	12,400	16,600
Securities available for sale	$ 12,700	$ 16,900

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Portfolio Loans And Allowance For Loan Losses (Schedule Of Risk Characteristics By Loan Portfolio) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	$ 608,947	$ 707,319
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	552,657	650,582
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	11,984	9,878
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	44,306	46,859
Commercial And Commercial Mortgage Loans Excluding Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	405,168	482,643
Commercial And Commercial Mortgage Loans Excluding Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	356,389	435,266
Commercial And Commercial Mortgage Loans Excluding Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	11,160	9,521
Commercial And Commercial Mortgage Loans Excluding Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	37,619	37,856
Commercial And Residential Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	29,034	40,776
Commercial And Residential Construction Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	24,156	32,825
Commercial And Residential Construction Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	0	0
Commercial And Residential Construction Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	4,878	7,951
Residential Mortgage Loans Excluding Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	86,550	88,308
Residential Mortgage Loans Excluding Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	84,503	87,278
Residential Mortgage Loans Excluding Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	522	313
Residential Mortgage Loans Excluding Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	1,525	717
Second And Home Equity Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	79,342	86,059
Second And Home Equity Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	78,812	85,751
Second And Home Equity Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	302	44
Second And Home Equity Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	228	264
Other Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	8,853	9,533
Other Consumer Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	8,797	9,462
Other Consumer Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	0	0
Other Consumer Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at End of Period	$ 56	$ 71

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Portfolio Loans And Allowance For Loan Losses (Summary Of Activity In The Allowance For Credit Losses By Loan Portfolio) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period	$ 18,137	$ 14,578	$ 14,984	$ 14,606
Provision for loan losses	8,273	2,689	16,012	4,247
Loan charge-offs	(6,490)	(3,408)	(11,512)	(5,117)
Recoveries	96	164	532	287
Balance at End of Period	20,016	14,023	20,016	14,023
Commercial And Commercial Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period	16,997	12,758	13,691	12,640
Provision for loan losses	8,195	2,704	16,095	4,300
Loan charge-offs	(6,422)	(3,068)	(11,381)	(4,617)
Recoveries	42	114	407	185
Balance at End of Period	18,812	12,508	18,812	12,508
Residential Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period	484	754	504	799
Provision for loan losses	133	(11)	113	(16)
Loan charge-offs	0	(99)	0	(139)
Recoveries	0	1	0	1
Balance at End of Period	617	645	617	645
Second And Home Equity Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period	479	777	556	858
Provision for loan losses	(62)	(25)	(144)	(74)
Loan charge-offs	(11)	(163)	(18)	(202)
Recoveries	9	11	21	18
Balance at End of Period	415	600	415	600
Other Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period	177	289	233	309
Provision for loan losses	7	21	(52)	37
Loan charge-offs	(57)	(78)	(113)	(159)
Recoveries	45	38	104	83
Balance at End of Period	$ 172	$ 270	$ 172	$ 270

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Mortgage Banking Activities (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Mortgage Banking Activities [Abstract]
Mortgages sold under agreements to repurchase	$ 17.3	$ 30.2

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Securities (Tables)

6 Months Ended

Jun. 30, 2012

Securities [Abstract]

Summary Of Available For Sale Securities

	June 30, 2012									December 31, 2011
	Amortized		Gross Unrealized					Fair		Amortized		Gross Unrealized					Fair
	Cost		Gains		(Losses)			Value		Cost		Gains		(Losses)			Value
Available for Sale:
Municipal bonds	$	43,103	$	2,725	$	(4	)		45,824	$	44,094	$	2,255	$	(36	)	$	46,313
Collateralized mortgage   obligations issued by:
GSE agencies		21,302		471		0			21,773		27,354		422		(10	)		27,766
Private label		35,842		462		(6	)		36,298		49,156		319		(76	)		49,399
Mortgage backed securities
issued by agencies		53,686		567		(50	)		54,203		55,652		277		(112	)		55,817
Corporate debt		1,970		0		(444	)		1,526		1,969		0		(569	)		1,400
Equity securities		75		0		0			75		75		0		0			75
Total Available for Sale	$	155,978	$	4,225	$	(504	)	$	159,699	$	178,300	$	3,273	$	(803	)	$	180,770

Summary Of Amortized Cost And Fair Value Of Securities By Contractual Maturity

	Available for Sale
	Amortized Cost		Fair Value		Yield
Municipal bonds:
Due in one year or less	$	1,539	$	1,552		5.92	%
Due after 1 year through 5 years		13,726		14,431		5.18	%
Due after 5 years through 10 years		26,243		28,121		3.99	%
Due after 10 years		1,595		1,720		4.16	%
Collateralized mortgage obligations issued by:
GSE agencies		21,302		21,773		2.58	%
Private label		35,842		36,298		3.83	%
Mortgage backed securities issued by agencies		53,686		54,203		2.14	%
Corporate debt:
Due after 10 years		1,970		1,526		1.19	%
Equity securities		75		75		0	%
Total	$	155,978	$	159,699		3.23	%

Summary Of Activity Related To Sales Of Available For Sale Securities

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Proceeds from sales	$	0	$	17,218	$	816	$	32,397
Gross gains on securities		0		103		0		398
Gross losses on securities		0		93		0		204
Other than temporary impairment losses		0		7		0		7
Tax expense on realized security gains/losses		0		4		0		77

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Portfolio Loans And Allowance For Loan Losses (Summary Of Impaired Loans Evaluated For Impairment By Loan Class) (Details) (USD $)	Jun. 30, 2012		Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded, Recorded Investment	$ 22,847,000	[1]	$ 36,655,000	[2]
Impaired Loans with an Allowance Recorded, Recorded Investment	15,389,000		4,420,000
Impaired Loans, Recorded Investment	38,236,000		41,075,000
Impaired Loans with No Related Allowance Recorded, Unpaid Principal Balance	32,408,000	[1]	50,657,000	[2]
Impaired Loans with an Allowance Recorded, Unpaid Principal Balance	15,389,000		4,420,000
Impaired Loans, Unpaid Principal Balance	47,797,000		55,077,000
Impaired Loans, Related Allowance for Loan Losses	5,948,000		545,000
Residential mortgages not individually reviewed	127,000		128,000
Consumer loans not individually reviewed	331,000		145,000
Maximum amount of individual loan not included in total impaired loans	200,000		130,000
Commercial And Commercial Mortgage Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded, Recorded Investment	19,094,000	[1]	29,829,000	[2]
Impaired Loans with an Allowance Recorded, Recorded Investment	14,264,000		3,295,000
Impaired Loans, Recorded Investment	33,358,000		33,124,000
Impaired Loans with No Related Allowance Recorded, Unpaid Principal Balance	28,655,000	[1]	41,381,000	[2]
Impaired Loans with an Allowance Recorded, Unpaid Principal Balance	14,264,000		3,295,000
Impaired Loans, Unpaid Principal Balance	42,919,000		44,676,000
Impaired Loans, Related Allowance for Loan Losses	5,850,000		447,000
Construction Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded, Recorded Investment	3,753,000	[1]	6,826,000	[2]
Impaired Loans with an Allowance Recorded, Recorded Investment	1,125,000		1,125,000
Impaired Loans, Recorded Investment	4,878,000		7,951,000
Impaired Loans with No Related Allowance Recorded, Unpaid Principal Balance	3,753,000	[1]	9,276,000	[2]
Impaired Loans with an Allowance Recorded, Unpaid Principal Balance	1,125,000		1,125,000
Impaired Loans, Unpaid Principal Balance	4,878,000		10,401,000
Impaired Loans, Related Allowance for Loan Losses	$ 98,000		$ 98,000

[1] Residential mortgages of $127,000 and consumer loans of $331,000 all individually less than $200,000 are not individually reviewed and are excluded from the table as they were deemed not significant to the financial statements.

[2] Residential mortgages of $128,000 and consumer loans of $145,000 all individually less than $130,000 are not individually reviewed and are excluded from the table as they were deemed not significant to the financial statements.

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Securities (Summary Of Activity Related To Sales Of Available For Sale Securities) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Securities [Abstract]
Proceeds from sales	$ 0	$ 17,218	$ 816	$ 32,397
Gross gains on securities	0	103	0	398
Gross losses on securities	0	93	0	204
Other than temporary impairment losses	0	7	0	7
Tax expense on realized security gains/losses	$ 0	$ 4	$ 0	$ 77

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Fair Value Of Financial Instruments (Summary Of Fair Value Assets Measured On A Non Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	$ 13,084	$ 24,879
Other real estate owned		295
Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	0	0
Other real estate owned		0
Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	0	0
Other real estate owned		0
Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	13,084	24,879
Other real estate owned		$ 295

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Acquisition Update (Details)	6 Months Ended
	Jun. 30, 2012
Acquisition Update [Abstract]
Date of acquisition agreement	Jan. 25, 2012
Shares acquired ratio	1.90

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Portfolio Loans And Allowance For Loan Losses (Recorded Investment Of Loans Evaluated For Impairment) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at End of Period	$ 20,016	$ 18,137	$ 14,984	$ 14,023	$ 14,578	$ 14,606
Ending balance: individually evaluated for impairment	5,948		545
Ending balance: collectively evaluated for impairment	14,068		14,439
Balance at End of Period	608,947		707,319
Ending balance: individually evaluated for impairment	38,236		41,075
Ending balance: collectively evaluated for impairment	570,711		666,244
Commercial And Commercial Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at End of Period	18,812	16,997	13,691	12,508	12,758	12,640
Ending balance: individually evaluated for impairment	5,948		545
Ending balance: collectively evaluated for impairment	12,864		13,146
Balance at End of Period	431,751		517,970
Ending balance: individually evaluated for impairment	38,236		41,075
Ending balance: collectively evaluated for impairment	393,515		476,895
Residential Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at End of Period	617	484	504	645	754	799
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	617		504
Balance at End of Period	89,001		93,757
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	89,001		93,757
Second And Home Equity Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at End of Period	415	479	556	600	777	858
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	415		556
Balance at End of Period	79,342		86,059
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	79,342		86,059
Other Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at End of Period	172	177	233	270	289	309
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	172		233
Balance at End of Period	8,853		9,533
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	$ 8,853		$ 9,533

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Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

2. Earnings Per Share

The following is a reconciliation of the weighted average common shares for the basic and diluted earnings per share ("EPS") computations:

	Three Months Ended				Six Months Ended
	June 30				June 30
	2012		2011		2012		2011
Basic EPS:
Weighted average common shares		3,383,379		3,364,079		3,383,379		3,364,079
Diluted EPS:
Weighted average common shares		3,383,379		3,364,079		3,383,379		3,364,079
Dilutive effect of stock options		0		3,887		0		3,456
Weighted average common and incremental shares		3,383,379		3,367,966		3,383,379		3,367,535
Anti-dilutive options		170,586		280,422		170,586		280,422

The following is a computation of earnings per common share. (dollars in thousands, except per share amounts)

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2012			2011		2012			2011
Net income (loss)	$	(2,870	)	$	845	$	(5,512	)	$	2,181
Less preferred stock dividend		268			269		537			538
Less restricted stock dividend		1			0		1			1
Less amortization of preferred stock discount		28			27		56			54
Net income (loss) available to common shareholders	$	(3,167	)	$	549	$	(6,106	)	$	1,588
Basic Earnings per Common Share	$	(0.94	)	$	0.16	$	(1.80	)	$	0.47
Diluted Earnings per Common Share	$	(0.94	)	$	0.16	$	(1.80	)	$	0.47

Unearned restricted and nonvested shares have been excluded from the computation of average shares outstanding.

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Impairment Of Investments (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Unrealized Losses	$ 504,000	$ 803,000
Corporate Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of corporate debt securities with unrealized losses	2
Debt securities face amount	2,000,000
Available-for-sale Securities, Gross Unrealized Losses	444,000	569,000
Improvemnt of unrealized loss position	$ 125,000
Description of interest rate	LIBOR plus 55 basis points
Interest rate	0.55%
Maturity	10 years

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Earnings Per Share (Computation Of Earnings Per Share) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Earnings Per Share [Abstract]
Net income (loss)	$ (2,870)	$ 845	$ (5,512)	$ 2,181
Less preferred stock dividend	268	269	537	538
Less restricted stock dividend	1	0	1	1
Less amortization of preferred stock discount	28	27	56	54
Net income (loss) available to common shareholders	$ (3,167)	$ 549	$ (6,106)	$ 1,588
Basic Earnings per Common Share	$ (0.94)	$ 0.16	$ (1.80)	$ 0.47
Diluted Earnings per Common Share	$ (0.94)	$ 0.16	$ (1.80)	$ 0.47

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Earnings Per Share (Reconcilliation Of Weighted Average Common Shares For Basic And Diluted Earnings Per Share Computations) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Earnings Per Share [Abstract]
Basic weighted average number of common shares	3,383,379	3,364,079	3,383,379	3,364,079
Dilutive effect of stock options	0	3,887	0	3,456
Weighted average common and incremental shares	3,383,379	3,367,966	3,383,379	3,367,535
Anti-dilutive options	170,586	280,422	170,586	280,422

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Impairment Of Investments (Summary Of Investments In A Continuous Unrealized Loss Position) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Less than Twelve Months, Fair Vlaue	$ 11,141	$ 36,655
Less than Twelve Months, Unrealized Losses	(55)	(213)
Twelve Months Or Longer, Fair Value	3,048	5,708
Twelve Months Or Longer, Unrealized Losses	(449)	(590)
Total, Fair Value	14,189	42,363
Total, Unrealized Losses	(504)	(803)
Municipal Bonds [Member]
Less than Twelve Months, Fair Vlaue	196	983
Less than Twelve Months, Unrealized Losses	(4)	(32)
Twelve Months Or Longer, Fair Value	0	397
Twelve Months Or Longer, Unrealized Losses	0	(4)
Total, Fair Value	196	1,380
Total, Unrealized Losses	(4)	(36)
GSE Agencies [Member]
Less than Twelve Months, Fair Vlaue		1,637
Less than Twelve Months, Unrealized Losses		(10)
Twelve Months Or Longer, Fair Value		0
Twelve Months Or Longer, Unrealized Losses		0
Total, Fair Value		1,637
Total, Unrealized Losses		(10)
Private Label [Member]
Less than Twelve Months, Fair Vlaue	605	6,079
Less than Twelve Months, Unrealized Losses	(1)	(59)
Twelve Months Or Longer, Fair Value	1,522	3,911
Twelve Months Or Longer, Unrealized Losses	(5)	(17)
Total, Fair Value	2,127	9,990
Total, Unrealized Losses	(6)	(76)
Mortgage Backed Securities Issued By Agencies [Member]
Less than Twelve Months, Fair Vlaue	10,340	27,956
Less than Twelve Months, Unrealized Losses	(50)	(112)
Twelve Months Or Longer, Fair Value	0	0
Twelve Months Or Longer, Unrealized Losses	0	0
Total, Fair Value	10,340	27,956
Total, Unrealized Losses	(50)	(112)
Corporate Debt [Member]
Less than Twelve Months, Fair Vlaue	0	0
Less than Twelve Months, Unrealized Losses	0	0
Twelve Months Or Longer, Fair Value	1,526	1,400
Twelve Months Or Longer, Unrealized Losses	(444)	(569)
Total, Fair Value	1,526	1,400
Total, Unrealized Losses	$ (444)	$ (569)

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Pension And Other Retirement Benefit Plans (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Pension And Other Retirement Benefit Plans [Abstract]
Multi-employer plan number			333
Pension expense	$ 275,000	$ 212,000	$ 550,000	$ 424,000
Cash contributions to multi-employer plan			842,000
Expected contributions to be paid in the next fiscal year					246,000
Contributions paid in current fiscal year			136,000
Expected contributions to be paid during remainder of fiscal year	$ 121,000		$ 121,000

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Pension And Other Retirement Benefit Plans (Components Of Net Periodic Benefit Costs) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Pension And Other Retirement Benefit Plans [Abstract]
Service cost	$ 21	$ 28	$ 43	$ 56
Interest cost	53	53	106	107
Amortization of prior service cost	14	14	27	27
Amortization of actuarial losses	10	0	20	1
Net periodic benefit cost	$ 98	$ 95	$ 196	$ 191

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Basis Of Presentation

6 Months Ended

Jun. 30, 2012

Basis Of Presentation [Abstract]

Basis Of Presentation

1. Basis of Presentation 

The consolidated financial statements include the accounts of Indiana Community Bancorp (the "Company") and its wholly-owned subsidiary, Indiana Bank and Trust Company (the "Bank") and the Bank's wholly-owned subsidiaries.  These condensed consolidated interim financial statements at June 30, 2012, and for the three and six month periods ended June 30, 2012 and 2011, have not been audited by an independent registered public accounting firm, but reflect, in the opinion of the Company's management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position and results of operations for such periods, including elimination of all significant intercompany balances and transactions.  The Company does not consolidate Home Federal Statutory Trust I ("Trust"), a wholly-owned subsidiary, that issues Trust preferred securities, as the Company is not the primary beneficiary of the Trust.  The results of operations for the three and six months period ended June 30, 2012, are not necessarily indicative of the results which may be expected for the entire year. The condensed consolidated balance sheet of the Company as of December 31, 2011 has been derived from the audited consolidated balance sheet of the Company as of that date.

These statements should be read in conjunction with the consolidated financial statements and related notes, which are included in the Company's Form 10-K for the year ended December 31, 2011.

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Repurchases Of Company Common Stock (Details)	Jun. 30, 2012	Jan. 22, 2008
Repurchases Of Company Common Stock [Abstract]
Percentage of common shares included in repurchase program		5.00%
Shares authorized for stock repurchase program		168,498
Shares remaining to be purchased under stock repurchase program	156,612

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Securities (Summary Of Available For Sale Securities) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Amortized Cost	$ 155,978	$ 178,300
Gross Unrealized Gains	4,225	3,273
Gross Unrealized (Losses)	(504)	(803)
Securities available for sale	159,699	180,770
Municipal Bonds [Member]
Amortized Cost	43,103	44,094
Gross Unrealized Gains	2,725	2,255
Gross Unrealized (Losses)	(4)	(36)
Securities available for sale	45,824	46,313
GSE Agencies [Member]
Amortized Cost	21,302	27,354
Gross Unrealized Gains	471	422
Gross Unrealized (Losses)	0	(10)
Securities available for sale	21,773	27,766
Private Label [Member]
Amortized Cost	35,842	49,156
Gross Unrealized Gains	462	319
Gross Unrealized (Losses)	(6)	(76)
Securities available for sale	36,298	49,399
Mortgage Backed Securities Issued By Agencies [Member]
Amortized Cost	53,686	55,652
Gross Unrealized Gains	567	277
Gross Unrealized (Losses)	(50)	(112)
Securities available for sale	54,203	55,817
Corporate Debt [Member]
Amortized Cost	1,970	1,969
Gross Unrealized Gains	0	0
Gross Unrealized (Losses)	(444)	(569)
Securities available for sale	1,526	1,400
Equity Securities [Member]
Amortized Cost	75	75
Gross Unrealized Gains	0	0
Gross Unrealized (Losses)	0	0
Securities available for sale	$ 75	$ 75

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Subsequent Event (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012
Subsequent Events [Abstract]
Purchase price of four buildings	$ 3.7

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Assets:
Cash and due from banks	$ 15,889	$ 20,683
Interest bearing demand deposits	380	278
Federal funds sold	78,354	19,634
Cash and cash equivalents	94,623	40,595
Securities available for sale at fair value (amortized cost $15,978 and $178,300)	159,699	180,770
Loans held for sale (fair value $19,677 and $6,617)	19,540	6,464
Portfolio loans:
Commercial and commercial mortgage loans	431,751	517,970
Residential mortgage loans	89,001	93,757
Second and home equity loans	79,342	86,059
Other consumer loans	8,853	9,533
Total portfolio loans	608,947	707,319
Unearned income	(190)	(233)
Allowance for loan losses	(20,016)	(14,984)
Portfolio loans, net	588,741	692,102
Premises and equipment	15,286	16,617
Accrued interest receivable	2,845	3,085
Other assets	55,336	44,974
TOTAL ASSETS	936,070	984,607
Liabilities and Shareholders' Equity:
Demand	110,291	103,864
Interest checking	189,135	222,314
Savings	56,498	52,181
Money market	227,357	222,229
Certificates of deposits	239,826	262,653
Retail deposits	823,107	863,241
Public fund certificates	107	102
Wholesale deposits	107	102
Total deposits	823,214	863,343
Junior subordinated debt	15,464	15,464
Other liabilities	14,443	17,666
Total liabilities	853,121	896,473
Commitments and Contingencies
Shareholders' equity:
No par preferred stock; Authorized: 2,000,000 shares Issued and outstanding: 21,500 and 21,500 shares; Liquidation preference $1,000 per share	21,321	21,265
No par common stock; Authorized: 15,000,000 shares Issued and outstanding: 3,420,879 and 3,422,379 shares	21,857	21,735
Retained earnings, restricted	37,954	44,127
Accumulated other comprehensive income, net	1,817	1,007
Total shareholders' equity	82,949	88,134
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 936,070	$ 984,607

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Portfolio Loans And Allowance For Loan Losses (Narative) (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Transfer from loans receivable to loans held for sale	$ 23,500,000	$ 17,996,000	$ 0
Charge-off recorded in transfer to loans held-for-sale	5,500,000
Bank Overdrafts	142,000	142,000		134,000
Restructured loans with nonaccrual status	1,500,000	1,500,000		1,200,000
Restructured loans on accrual status	3,500,000	3,500,000		3,100,000
Commercial And Commercial Mortgage Loans [Member]
Number of performing TDR loans	4	4
Value of performing TDR loans	3,000,000	3,000,000	1,400,000
Value of performing TDR loans, interest only	2,400,000	2,400,000	1,400,000
Average yield on modified loans		5.10%
Average yield on loans		5.80%
Retail Loans [Member]
Number of performing TDR loans	7	7
Value of performing TDR loans	458,000	458,000
Average yield on modified loans		8.00%
Average yield on loans		4.70%
Residential Mortgage Loans [Member]
Number of performing TDR loans	1	1
Value of performing TDR loans	440,000	440,000
Second And Home Equity Loans [Member]
Number of performing TDR loans	3	3
Value of performing TDR loans	$ 194,000	$ 194,000

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Condensed Consolidated Statements Of Shareholders' Equity (USD $) In Thousands, except Share data	Common Stock [Member]	Preferred Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2010	$ 21,230	$ 21,156	$ 47,192	$ (929)	$ 88,649
Balance, shares at Dec. 31, 2010	3,385,079
Net income			2,181		2,181
Change in unrealized gain on securities available for sale				2,319	2,319
Common stock compensation expense	2				2
Restricted stock compensation expense	238				238
Restricted stock non vested shares issued	36,300
Restricted stock forfeited	(2,000)
Amortization of discount on preferred stock		54	(54)		0
Common stock cash dividends			(68)		(68)
Preferred stock cash dividends			(538)		(538)
Balance at Jun. 30, 2011	21,470	21,210	48,713	1,390	92,783
Balance, shares at Jun. 30, 2011	3,419,379
Balance at Dec. 31, 2011	21,735	21,265	44,127	1,007	88,134
Balance, shares at Dec. 31, 2011	3,422,379
Net income			(5,512)		(5,512)
Change in unrealized gain on securities available for sale				810	810
Restricted stock compensation expense	122				122
Restricted stock forfeited	(1,500)
Amortization of discount on preferred stock		56	(56)		0
Common stock cash dividends			(68)		(68)
Preferred stock cash dividends			(537)		(537)
Balance at Jun. 30, 2012	$ 21,857	$ 21,321	$ 37,954	$ 1,817	$ 82,949
Balance, shares at Jun. 30, 2012	3,420,879

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Fair Value Of Financial Instruments (Summary Of Fair Value Assets Measured On A Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 159,699	$ 180,770
Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	159,624	180,695
Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	75	75
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	45,824	46,313
Municipal Bonds [Member] | Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Municipal Bonds [Member] | Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	45,824	46,313
Municipal Bonds [Member] | Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
GSE Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	21,773	27,766
GSE Agencies [Member] | Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
GSE Agencies [Member] | Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	21,773	27,766
GSE Agencies [Member] | Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Private Label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	36,298	49,399
Private Label [Member] | Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Private Label [Member] | Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	36,298	49,399
Private Label [Member] | Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Mortgage Backed Securities Issued By Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	54,203	55,817
Mortgage Backed Securities Issued By Agencies [Member] | Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Mortgage Backed Securities Issued By Agencies [Member] | Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	54,203	55,817
Mortgage Backed Securities Issued By Agencies [Member] | Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Corporate Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,526	1,400
Corporate Debt [Member] | Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Corporate Debt [Member] | Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,526	1,400
Corporate Debt [Member] | Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	75	75
Equity Securities [Member] | Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Equity Securities [Member] | Significant Observable Inputs Level2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Equity Securities [Member] | Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 75	$ 75

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Reconcilliation Of Weighted Average Common Shares For Basic And Diluted Earnings Per Share Computations

	Three Months Ended				Six Months Ended
	June 30				June 30
	2012		2011		2012		2011
Basic EPS:
Weighted average common shares		3,383,379		3,364,079		3,383,379		3,364,079
Diluted EPS:
Weighted average common shares		3,383,379		3,364,079		3,383,379		3,364,079
Dilutive effect of stock options		0		3,887		0		3,456
Weighted average common and incremental shares		3,383,379		3,367,966		3,383,379		3,367,535
Anti-dilutive options		170,586		280,422		170,586		280,422

Computation Of Earnings Per Share

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2012			2011		2012			2011
Net income (loss)	$	(2,870	)	$	845	$	(5,512	)	$	2,181
Less preferred stock dividend		268			269		537			538
Less restricted stock dividend		1			0		1			1
Less amortization of preferred stock discount		28			27		56			54
Net income (loss) available to common shareholders	$	(3,167	)	$	549	$	(6,106	)	$	1,588
Basic Earnings per Common Share	$	(0.94	)	$	0.16	$	(1.80	)	$	0.47
Diluted Earnings per Common Share	$	(0.94	)	$	0.16	$	(1.80	)	$	0.47

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Fair Value Of Financial Instruments (Reconciliation Of Fair Value Measurements Using Significant Unobservable Inputs) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Fair Value Of Financial Instruments [Abstract]
Beginning Balance	$ 75	$ 75	$ 75	$ 75
Purchases	0	0	0	0
Settlements	0	0	0	0
Ending Balance	$ 75	$ 75	$ 75	$ 75

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Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Of Financial Instruments [Abstract]

Summary Of Fair Value Assets Measured On A Recurring Basis

	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant  Unobservable Inputs
	Level 1		Level 2		Level 3		Fair Value
June 30, 2012
Municipal bonds	$	0	$	45,824	$	0	$	45,824
Collateralized mortgage obligations issued by:
GSE agencies		0		21,773		0		21,773
Private label		0		36,298		0		36,298
Mortgage backed securities issued by agencies		0		54,203		0		54,203
Corporate debt		0		1,526		0		1,526
Equity securities		0		0		75		75
Securities available for sale	$	0	$	159,624	$	75	$	159,699
December 31, 2011
Municipal bonds	$	0	$	46,313	$	0	$	46,313
Collateralized mortgage obligations issued by:
GSE agencies		0		27,766		0		27,766
Private label		0		49,399		0		49,399
Mortgage backed securities issued by agencies		0		55,817		0		55,817
Corporate debt		0		1,400		0		1,400
Equity securities		0		0		75		75
Securities available for sale	$	0	$	180,695	$	75	$	180,770

Reconciliation Of Fair Value Measurements Using Significant Unobservable Inputs

Total Fair Value Measurements	Available for Sale Debt Securities
	Three Months Ended				Six Months Ended
	June 30,				June 30,
Level 3 Instruments Only	2012		2011		2012		2011
Beginning Balance	$	75	$	75	$	75	$	75
Purchases		0		0		0		0
Settlements		0		0		0		0
Ending Balance	$	75	$	75	$	75	$	75

Summary Of Fair Value Assets Measured On A Non Recurring Basis

	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Level 1		Level 2		Level 3		Fair Value
June 30, 2012
Impaired loans (collateral dependent)		0		0		13,084	13,084
December 31, 2011
Impaired loans (collateral dependent)		0		0		24,879	24,879
Other real estate owned		0		0		295	295

Summary Of Estimated Fair Values

	June 30, 2012										December 31, 2011
	Carrying Value		Fair Value			Level 1		Level 2		Level 3	Carrying Value		Fair Value
Assets:
Cash and cash equivalents	$	94,623	$	94,623	$	94,623	$	0	$	0	$	40,595	$	40,595
Securities available for sale		159,699		159,699				159,624		75		180,770		180,770
Loans held for sale		19,540		19,677				19,677		0		6,464		6,617
Loans, net		588,741		595,597						595,597		692,102		699,191
Accrued interest receivable		2,845		2,845				2,845				3,085		3,085
Federal Home Loan Bank stock		7,092		7,092				7,092				6,563		6,563
Liabilities:
Deposits		823,214		827,000				827,000				863,343		863,322
Junior subordinated debt		15,464		12,309						12,309		15,464		10,628
Advance payments by borrowers for taxes     and insurance		358		358				358				325		325
Accrued interest payable		45		45				45				61		61

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Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash Flows From Operating Activities:
Net income (loss)	$ (5,512)	$ 2,181
Adjustments to reconcile net income (loss) to net cash from operating activities:
Accretion of discounts, amortization and depreciation	1,998	2,940
Provision for loan losses	16,012	4,247
Stock based compensation expense	122	240
Provision/(benefit) for deferred income taxes	(2,677)	149
Net gain from sale of loans	(1,045)	(746)
Gain on securities	0	(194)
Other than temporary impairment losses	0	7
Net (gain)/loss from real estate owned	(23)	411
Loan fees recognized, net	(45)	(27)
Proceeds from sale of loans held for sale	42,787	34,468
Origination of loans held for sale	(40,338)	(28,497)
(Increase) decrease in accrued interest and other assets	(4,769)	4
Decrease in other liabilities	(2,217)	(549)
Net Cash From Operating Activities	4,293	14,634
Cash Flows From / (Used In) Investing Activities:
Net principal received on loans	68,266	6,662
Proceeds from:
Maturities/repayments of securities available for sale	29,763	35,874
Securities available for sale	816	32,397
Real estate owned and other assets	2,030	1,485
Federal Home Loan Bank stock	0	944
Loans transferred to held for sale	3,472	0
Purchases of:
Loans	(2,260)	(199)
Securities available for sale	(10,686)	(83,640)
Federal Home Loan Bank stock	(529)	0
Acquisition of property and equipment	(442)	(1,402)
Disposal of property and equipment	5	0
Net Cash From (Used In) Investing Activities	90,435	(7,879)
Cash Flows From / (Used In) Financing Activities:
Net decrease in deposits	(40,129)	(2,792)
Proceeds from advances from FHLB	10,000	0
Repayment of advances from FHLB	(10,000)	0
Net repayments of overnight borrowings	0	(783)
Payment of dividends on preferred stock	(537)	(538)
Payment of dividends on common stock	(34)	(68)
Net Cash Used In Financing Activities	(40,700)	(4,181)
NET INCREASE IN CASH AND CASH EQUIVALENTS	54,028	2,574
Cash and cash equivalents, beginning of period	40,595	13,063
Cash and Cash Equivalents, End of Period	94,623	15,637
Supplemental Information:
Cash paid for interest	3,233	5,273
Cash paid for income taxes	564	1,070
Non cash items:
Assets acquired through foreclosure	3,392	2,498
Transfer from loans receivable to loans held for sale	17,996	0
Transfer from property to property held for sale	1,158	0
Dividends Payable	$ 34	$ 0

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Condensed Consolidated Balance Sheets [Abstract]
Securities available for sale at fair value, amortized cost	$ 155,978	$ 178,300
Loans held for sale, fair value	$ 19,677	$ 6,617
Preferred stock, no par value
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	21,500	21,500
Preferred stock, shares outstanding	21,500	21,500
Preferred stock, liquidation preference per share	$ 1,000	$ 1,000
Common stock, no par value
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	3,420,879	3,422,379
Common stock, shares outstanding	3,420,879	3,422,379

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Impairment Of Investments

6 Months Ended

Jun. 30, 2012

Impairment Of Investments [Abstract]

Impairment Of Investments

10. Impairment of Investments

Management reviews its investment portfolio for other than temporary impairment on a quarterly basis.  The review includes an analysis of the facts and circumstances of each individual investment such as the severity of loss, the length of time the fair value has been below cost, the expectation for that security's performance, the creditworthiness of the issuer, and the timely receipt of contractual payments.  Additional consideration is given to the fact that it is not more-likely-than-not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity,

In reviewing its available for sale securities at June 30, 2012, for other than temporary impairment, management considered the change in market value of the securities in the first six months of 2012, the expectation for the security's future performance based on the receipt, or non receipt, of required cash flows and Moody's and S&P ratings where available.  Additionally, management considered that it is not more-likely-than-not that the Company would be required to sell a security before the recovery of its amortized cost basis.  Any unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased.  The fair value is expected to recover as the securities approach their maturity date or repricing date or if the market yields for such investments decline.  Based on this criteria management concluded that no additional other than temporary impairment ("OTTI") charge was required.

At June 30, 2012, the Company had two corporate debt securities with a face amount of $2.0 million and an unrealized loss of $444,000, which was an improvement of $125,000 over the December 31, 2011 unrealized loss.  These two securities are rated A2 and BA1 by Moodys indicating these securities are considered of low to moderate credit risk.  The issuers of the two securities are two well capitalized banks.  Management believes that the decline in market value is due primarily to the interest rate and maturity as these securities carry an interest rate of LIBOR plus 55 basis points with maturities beyond ten years.

Investments that have been in a continuous unrealized loss position as of June 30, 2012 and December 31, 2011 are summarized as follows: (dollars in thousands)

As of June 30, 2012	Less than Twelve Months					Twelve Months Or Longer					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Collateralized mortgage obligations issued by:
Private Label	$	605	$	(1	)	$	1,522	$	(5	)	$	2,127	$	(6	)
Mortgage backed securities issued by agencies		10,340		(50	)		0		0			10,340		(50	)
Corporate debt		0		0			1,526		(444	)		1,526		(444	)
Municipal bonds		196		(4	)		0		0			196		(4	)
Total Temporarily Impaired Securities	$	11,141	$	(55	)	$	3,048	$	(449	)	$	14,189	$	(504	)

As of December 31, 2011	Less than Twelve Months					Twelve Months Or Longer					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Collateralized mortgage obligations issued by:
GSE agencies	$	1,637	$	(10	)	$	0	$	0		$	1,637	$	(10	)
Private Label		6,079		(59	)		3,911		(17	)		9,990		(76	)
Mortgage backed securities issued by agencies		27,956		(112	)		0		0			27,956		(112	)
Corporate debt		0		0			1,400		(569	)		1,400		(569	)
Municipal bonds		983		(32	)		397		(4	)		1,380		(36	)
Total Temporarily Impaired Securities	$	36,655	$	(213	)	$	5,708	$	(590	)	$	42,363	$	(803	)

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Document And Entity Information	6 Months Ended
	Jun. 30, 2012	Aug. 06, 2012
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2012
Entity Registrant Name	INDIANA COMMUNITY BANCORP
Entity Central Index Key	0000867493
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,420,879

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Portfolio Loans And Allowance For Loan Losses

6 Months Ended

Jun. 30, 2012

Portfolio Loans And Allowance For Loan Losses [Abstract]

Portfolio Loans And Allowance For Loan Losses

11. Portfolio Loans and Allowance for Loan Losses

The Company originates both adjustable and fixed rate loans.  The adjustable rate loans have interest rate adjustment limitations and are indexed to various indices.  Adjustable residential mortgages are generally indexed to the one year Treasury constant maturity rate; adjustable consumer loans are generally indexed to the prime rate; adjustable commercial loans are generally indexed to either the prime rate or the one, three or five year Treasury constant maturity rate.  Future market factors may affect the correlation of the interest rates the Company pays on the short-term deposits that have been primarily utilized to fund these loans.

Late in March 2012 and continuing in the second quarter, the Company made the decision to pursue the sale of certain loans with balances totaling $23.5 million.  Negotiations began in the second quarter of 2012 led to certain loans being identified for sale.  These loans were written down to fair value upon transfer to loans held for sale.  A charge off of $5.5 million was recorded in connection with the transfer.  The Company has no current intent to sell additional "special loans" as defined by the merger agreement with ONB.

At June 30, 2012 and December 31, 2011, deposit overdrafts of $142,000 and $134,000, respectively, were included in portfolio loans.

The following tables present, by portfolio segment, the activity in the allowance for loan losses for the three months and six months ended June 30, 2012 and 2011.  (dollars in thousands)

	Commercial and commercial mortgage loans			Residential mortgage loans		Second and home equity loans			Other  consumer loans			Total
Three months ended June 30, 2012
Allowance for loan losses:
Balance at beginning of period	$	16,997		$	484	$	479		$	177		$	18,137
Provision for loan losses		8,195			133		(62	)		7			8,273
Loan charge-offs		(6,422	)		0		(11	)		(57	)		(6,490	)
Recoveries		42			0		9			45			96
Balance at End of Period	$	18,812		$	617	$	415		$	172		$	20,016

	Commercial and commercial mortgage  loans			Residential mortgage loans			Second and home equity loans			Other consumer loans			Total
Three months ended June 30, 2011
Allowance for loan losses:
Balance at beginning of period	$	12,758		$	754		$	777		$	289		$	14,578
Provision for loan losses		2,704			(11	)		(25	)		21			2,689
Loan charge-offs		(3,068	)		(99	)		(163	)		(78	)		(3,408	)
Recoveries		114			1			11			38			164
Balance at End of Period	$	12,508		$	645		$	600		$	270		$	14,023

	Commercial and commercial mortgage loans			Residential mortgage loans		Second and home equity loans			Other consumer loans			Total
Six months ended June 30, 2012
Allowance for loan losses:
Balance at beginning of period	$	13,691		$	504	$	556		$	233		$	14,984
Provision for loan losses		16,095			113		(144	)		(52	)		16,012
Loan charge-offs		(11,381	)		0		(18	)		(113	)		(11,512	)
Recoveries		407			0		21			104			532
Balance at End of Period	$	18,812		$	617	$	415		$	172		$	20,016

	Commercial and commercial mortgage loans			Residential mortgage loans			Second and home equity loans			Other consumer loans			Total
Six months ended June 30, 2011
Allowance for loan losses:
Balance at beginning of period	$	12,640		$	799		$	858		$	309		$	14,606
Provision for loan losses		4,300			(16	)		(74	)		37			4,247
Loan charge-offs		(4,617	)		(139	)		(202	)		(159	)		(5,117	)
Recoveries		185			1			18			83			287
Balance at End of Period	$	12,508		$	645		$	600		$	270		$	14,023

The follow tables present, by portfolio segment, the balance in the allowance for loan losses and the recorded investment in loans based on the Company's loan portfolio and impairment method as of June 30, 2012 and December 31, 2011.  (dollars in thousands)  

	Commercial and commercial mortgage loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
As of June 30, 2012
Allowance for loan losses:
Balance at End of Period	$	18,812	$	617	$	415	$	172	$	20,016
Ending balance:  individually evaluated for impairment	$	5,948	$	0	$	0	$	0	$	5,948
Ending balance:  collectively evaluated for impairment	$	12,864	$	617	$	415	$	172	$	14,068
Loans:
Balance at End of Period	$	431,751	$	89,001	$	79,342	$	8,853	$	608,947
Ending balance:  individually evaluated for impairment	$	38,236	$	0	$	0	$	0	$	38,236
Ending balance:  collectively evaluated for impairment	$	393,515	$	89,001	$	79,342	$	8,853	$	570,711

	Commercial and commercial mortgage  loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
As of December 31, 2011
Allowance for loan losses:
Balance at End of Period	$	13,691	$	504	$	556	$	233	$	14,984
Ending balance:  individually evaluated for impairment	$	545	$	0	$	0	$	0	$	545
Ending balance:  collectively evaluated for impairment	$	13,146	$	504	$	556	$	233	$	14,439
Loans:
Balance at End of Period	$	517,970	$	93,757	$	86,059	$	9,533	$	707,319
Ending balance:  individually evaluated for impairment	$	41,075	$	0	$	0	$	0	$	41,075
Ending balance:  collectively evaluated for impairment	$	476,895	$	93,757	$	86,059	$	9,533	$	666,244

The risk characteristics of each loan portfolio segment are as follows:

Commercial and Commercial Mortgage (including commercial construction loans)

Commercial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower.  The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value.  Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis.  In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers.

Commercial mortgage loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate.  Commercial mortgage lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan.  Commercial mortgage loans may be more adversely affected by conditions in the real estate markets or in the general economy.  The properties securing the Company's nonresidential and multi-family real estate portfolio are diverse in terms of type and geographic location.  Management monitors and evaluates these loans based on collateral, geography and risk grade criteria.  As a general rule, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk.  In addition, management tracks the level of owner-occupied real estate loans versus non-owner occupied loans.

Commercial mortgage construction loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners.  Construction loans are generally based on estimates of costs and value associated with the complete project.  These estimates may be inaccurate.  Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained.  These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing.

Residential mortgage, Seconds, Home Equity and Consumer

With respect to residential loans that are secured by one-to-four family residences and are generally owner occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance ("PMI") if that ratio is exceeded.  Second and home equity loans are typically secured by a subordinate interest in one-to-four family residences, and consumer loans are secured by consumer assets such as automobiles or recreational vehicles.  Some consumer loans are unsecured such as small installment loans and certain lines of credit.  Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels.  Repayment can also be impacted by changes in property values on residential properties.  Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as:  current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors.  The Company analyzes non-homogeneous loans, such as commercial and commercial mortgage loans, with an outstanding balance greater than $750,000 individually by classifying the loans as to credit risk.  Loans less than $750,000 in homogeneous categories that are 90 days past due are classified into risk categories.  This analysis is performed on a quarterly basis.  The Company uses the following definitions for risk ratings:

Special Mention

Loans classified as special mention have a potential weakness that deserves management's close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company's credit position at some future date.

Substandard

Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any.  Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans along with homogeneous loans that have not exhibited any delinquency.  As of June 30, 2012 and December 31, 2011, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:  (dollars in thousands)

As of June 30, 2012	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Rating:
Pass	$	356,389	$	24,156	$	84,503	$	78,812	$	8,797	$	552,657
Special mention		11,160		0		522		302		0		11,984
Substandard		37,619		4,878		1,525		228		56		44,306
Balance at End of Period	$	405,168	$	29,034	$	86,550	$	79,342	$	8,853	$	608,947

As of December 31, 2011	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Rating:
Pass	$	435,266	$	32,825	$	87,278	$	85,751	$	9,462	$	650,582
Special mention		9,521		0		313		44		0		9,878
Substandard		37,856		7,951		717		264		71		46,859
Balance at End of Period	$	482,643	$	40,776	$	88,308	$	86,059	$	9,533	$	707,319

The following tables present the Company's loan portfolio aging analysis as of June 30, 2012 and December 31, 2011:  (dollars in thousands)

As of June 30, 2012	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Loans:
30 to 59 days past due	$	1,993	$	0	$	341	$	566	$	34	$	2,934
60 to 89 days past due		0		0		0		269		3		272
Past due 90 days or more and accruing		65		0		296		18		0		379
Nonaccrual (1)		26,355		3,753		1,754		245		52		32,159
Total Past Due		28,413		3,753		2,391		1,098		89		35,744
Current		376,755		25,281		84,159		78,244		8,764		573,203
Total Loans	$	405,168	$	29,034	$	86,550	$	79,342	$	8,853	$	608,947

1)  Loans held for sale include $4.4 million of nonaccrual loans excluded from the table as they are not part of portfolio loans

As of December 31, 2011	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Loans:
30 to 59 days past due	$	479	$	0	$	874	$	526	$	109	$	1,988
60 to 89 days past due		0		0		0		44		1		45
Past due 90 days or more and accruing		0		0		87		0		0		87
Nonaccrual		25,962		6,826		849		264		70		33,971
Total Past Due		26,441		6,826		1,810		834		180		36,091
Current		456,202		33,950		86,498		85,225		9,353		671,228
Total Loans	$	482,643	$	40,776	$	88,308	$	86,059	$	9,533	$	707,319

A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan.  Impaired loans include nonperforming commercial and commercial mortgage loans (including construction loans) but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties.  These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection.

The following is a summary by class of information pertaining to impaired loans as of June 30, 2012 and December 31, 2011:  (dollars in thousands)

As of June 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
Impaired Loans with No Related Allowance Recorded (1):
Commercial and commercial mortgage loans	$	19,094	$	28,655	$	0
Construction loans		3,753		3,753		0
Total Impaired Loans with No Related Allowance Recorded	$	22,847	$	32,408	$	0
Impaired Loans with an Allowance Recorded:
Commercial and commercial mortgage loans	$	14,264	$	14,264	$	5,850
Construction loans		1,125		1,125		98
Total Impaired Loans with an Allowance Recorded	$	15,389	$	15,389	$	5,948
Impaired Loans:
Commercial and commercial mortgage loans	$	33,358	$	42,919	$	5,850
Construction loans		4,878		4,878		98
Total Impaired Loans	$	38,236	$	47,797	$	5,948

1) Residential mortgages of $127,000 and consumer loans of $331,000 all individually less than $200,000 are not individually reviewed and are excluded from the table as they were deemed not significant to the financial statements.

As of December 31, 2011	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
Impaired Loans with No Related Allowance Recorded(1):
Commercial and commercial mortgage loans	$	29,829	$	41,381	$	0
Construction loans		6,826		9,276		0
Total Impaired Loans with No Related Allowance Recorded	$	36,655	$	50,657	$	0
Impaired Loans with an Allowance Recorded:
Commercial and commercial mortgage loans	$	3,295	$	3,295	$	447
Construction loans		1,125		1,125		98
Total Impaired Loans with an Allowance Recorded	$	4,420	$	4,420	$	545
Impaired Loans:
Commercial and commercial mortgage loans	$	33,124	$	44,676	$	447
Construction loans		7,951		10,401		98
Total Impaired Loans	$	41,075	$	55,077	$	545

1) Residential mortgages of $128,000 and consumer loans of $145,000 all individually less than $130,000 are not individually reviewed and are excluded from the table as they were deemed not significant to the financial statements.

The following is a summary by class of information related to the average recorded investment and interest income recognized on impaired loans for the three months and six months ended June 30, 2012 and 2011:  (dollars in thousands)

	Three Months Ended				Three Months Ended
	June 30, 2012				June 30, 2011
	Average Recorded  Investment		Interest Income  Recognized		Average Recorded  Investment		Interest Income  Recognized
Impaired Loans:
Commercial and commercial mortgage loans	$	37,532	$	128	$	49,737	$	459
Construction loans		5,644		15		9,293		74
Total Impaired Loans	$	43,176	$	143	$	59,030	$	533
Commercial and commercial mortgage loans      cash basis interest included above			$	134			$	2

	Six Months Ended				Six Months Ended
	June 30, 2012				June 30, 2011
	Average Recorded  Investment		Interest Income  Recognized		Average Recorded  Investment		Interest Income  Recognized
Impaired Loans:
Commercial and commercial mortgage loans	$	36,063	$	240	$	48,403	$	1,010
Construction loans		6,413		29		9,100		129
Total Impaired Loans	$	42,476	$	269	$	57,503	$	1,139
Commercial and commercial mortgage loans      cash basis interest included above			$	221			$	40

Troubled Debt Restructurings

In the course of working with borrowers, the Company may choose to restructure the contractual terms of certain loans. In restructuring the loan, the Company attempts to work-out an alternative payment schedule with the borrower in order to optimize collectability of the loan.  For all loan classes, any loans that are modified are reviewed by the Company to identify if a troubled debt restructuring ("TDR") has occurred, which is when, for reasons related to a borrower's financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay based on their current financial status and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms, or a combination of the two.  Also, additional collateral, a co-borrower, or a guarantor is often requested.  If such efforts by the Company do not result in a satisfactory arrangement, foreclosure proceedings are initiated.  At any time prior to a sale of the property at foreclosure, the Company may terminate foreclosure proceedings if the borrower is able to work-out a satisfactory payment plan.

It is the Company's practice to have any restructured loan which is on nonaccrual status prior to being restructured remain on nonaccrual status until three months of satisfactory borrower performance at which time management would consider its return to accrual status.  The balance of nonaccrual restructured loans, which is included in nonaccrual loans, was $1.5 million and $1.2 million at June 30, 2012 and December 31, 2011, respectively.  If the restructured loan is on accrual status prior to being restructured, it is reviewed to determine if the restructured loan should remain on accrual status.  The balance of accruing restructured loans was $3.5 million and $3.1 million at June 30, 2012 and December 31, 2011, respectively.

Loans that are considered TDRs are classified as performing, unless they are on nonaccrual status or greater than 90 days delinquent as of the end of the most recent quarter. All TDRs are considered impaired by the Company, unless it is determined that the borrower has met the three month satisfactory performance period under modified terms. On a quarterly basis, the Company individually reviews all TDR loans to determine if a loan meets this criterion.

Performing commercial TDR loans at June 30, 2012 consist of four commercial real estate loans totaling $3.0 million of which $2.4 million are interest only. The Company does not generally forgive principal or interest on restructured loans.  However, when a loan is restructured, income and principal are generally received on a delayed basis as compared to the original repayment schedule.  The Company generally receives more interest than originally scheduled, as the loan remains outstanding for longer periods of time, sometimes with higher average balances than originally scheduled. The average yield on modified commercial loans was 5.1%, compared to 5.8% earned on the entire commercial loan portfolio in the second quarter of 2012.

Performing consumer TDR loans at June 30, 2012 consist of seven retail loans including one residential and three second mortgages which comprise $440,000 of the total retail TDR balance of $458,000.  The consumer TDR loans have been restructured at less than market terms and include rate modifications, extension of maturity, and forbearance. The average yield on modified residential mortgage and second mortgage loans was 8.0%, compared to 4.7% earned on the entire residential mortgage loan and second mortgage portfolios in the second quarter of 2012.

With regard to determination of the amount of the allowance for credit losses, all accruing restructured loans are considered to be impaired.  As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed above.

A home equity loan was newly classified as a troubled debt restructuring for the three months and six months ended June 30, 2012 for $194,000.  This home equity TDR combined two home equity loans of the customer into one home equity loan that is interest only and which exceeded the Company's criteria for loan to value.  For the three months and six months ended June 30, 2011, a commercial mortgage was newly classified as a troubled debt restructuring for $1.4 million.  This $1.4 million TDR loan was restructured as an interest only note, as cash flow projections did not support an amortizing payment.  No troubled debt restructurings subsequently defaulted in the six months ended June 30, 2012 and 2011.

Commercial and consumer loans modified in a TDR are closely monitored for delinquency as an early indicator of possible future default.  If loans modified in a TDR subsequently default, the Company evaluates the loan for possible further impairment.  The allowance may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan.  The Company defines default for the above disclosure as generally greater than ninety days past due.  In certain circumstances the Company may consider default to have occurred prior to being ninety days past due, if the Company believes payments in the near term are uncertain.

Allowance for Loan Losses Methodology and Related Policies

A loan is considered impaired when it is probable the Company will be unable to collect all contractual principal and interest payments due in accordance with the terms of the loan agreement. Factors considered by management in determining impairment include the probability of collecting scheduled principal and interest payments when due based on the loan's current payment status and the borrower's financial condition including source of cash flows.  All commercial and commercial real estate impaired loans, as well as impaired residential mortgages and consumer loans over $250,000, are measured based on the loan's discounted cash flow or the estimated fair value of the collateral if the loan is collateral dependent.  The amount of impairment, if any and any subsequent changes are included in the allowance for loan losses.

Currently the Company's loans individually evaluated for impairment are all in the commercial and commercial real estate segment.  In general the Company acquires updated appraisals on an annual basis for commercial and commercial real estate impaired loans, exclusive of performing TDRs.  Based on historical experience these appraisals are discounted ten percent to estimate the cost to sell the property.  If the most recent appraisal is over a year old, and a new appraisal is not performed, due to lack of comparable values or other reasons, a 20% discount, based on historical experience is applied to the appraised value.  The discount may be increased due to area economic factors, such as vacancy rates, lack of sales, and condition of property.

The Company promptly charges off commercial loans, or portion thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to: a) the deteriorating financial condition of the borrower; b) declining collateral values, and/or c) legal action, including bankruptcy that impairs the borrower's ability to adequately meet its obligations.  For impaired loans that are considered to be solely collateral dependent, a partial charge off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral.

For all loan classes, when cash payments are received on impaired loans, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan.  Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms.  For impaired loans where the Company utilizes the present value of expected future cash flows to determine the level of impairment, the Company reports the entire change in present value as bad-debt expense. The Company does not record any increase in the present value of cash flows as interest income.

Consistent with regulatory guidance, charge-offs for all loan segments are taken when specific loans, or portions thereof, are considered uncollectible and of such little value that their continuance as assets is not warranted.  The Company promptly charges these loans off in the period the uncollectible loss amount is reasonably determined.  The Company charges off consumer related loans which include 1-4 family first mortgages, second and home equity loans and other consumer loans or portions thereof when the Company reasonably determines the amount of the loss.  However, the charge offs generally are not made earlier than the applicable regulatory timeframes.  Such regulatory timeframes provide for the charge down of 1-4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 180 days past due, charge off of unsecured open end loans when the loan is 180 days past due and charge down to the net realizable value when other secured loans are 120 days past

due.  For all loan classes, the entire balance of the loan is considered delinquent if the minimum payment contractually required to be paid is not received by the contractual due date.

A reversal of accrued interest, which has not been collected, is generally provided on loans which are more than 90 days past due.  The only loans which are 90 days past due and are still accruing interest are loans where the Company is guaranteed reimbursement of interest by either a mortgage insurance contract or by a government agency.  If neither of these criteria is met, a charge to interest income equal to all interest previously accrued and unpaid is made, and income is subsequently recognized only to the extent that cash payments are received in excess of principal due.  Loans are returned to accrual status when, in management's judgment, the borrower's ability to make periodic interest and principal payments returns to normal and future payments are reasonably assured.

For all loan segments, the allowance for loan losses is established through a provision for loan losses. Loan losses are charged against the allowance when management believes the loans are uncollectible.  Subsequent recoveries, if any, are credited to the allowance.  The allowance for loan losses is maintained at a level management considers to be adequate to absorb estimated incurred loan losses inherent in the portfolio, based on evaluations of the collectability and historical loss experience of loans.  The allowance is based on ongoing assessments of the estimated incurred losses inherent in the loan portfolio.  The Company's methodology for assessing the appropriate allowance level consists of several key elements, as described below.

All delinquent loans that are 90 days past due are included on the Asset Watch List.  The Asset Watch List is reviewed quarterly by the Asset Watch Committee for any classification beyond the regulatory rating based on a loan's delinquency.  Commercial and commercial real estate loans are individually risk rated pursuant to the loan policy. Specific reserves are assigned on impaired loans based on the measurement criteria noted above.  Homogeneous loans such as consumer and residential mortgage loans are not individually risk rated by management.  They are pooled based on historical portfolio data that management believes will provide a reasonable basis for the loans' quality.  For all loans not listed individually on the Asset Watch List, and those loans included on the Asset Watch List but not deemed impaired, historical loss rates are the basis for developing expected charge-offs for each pool of loans.  In December 2010, management determined to increase the timeframe of the historical loss rates from the last two years by one quarter, each quarter, until a rolling three years is reached.  This was done to accurately reflect the risk inherent in the portfolio.  Management continually monitors portfolio conditions to determine if the appropriate charge off percentages in the allowance calculation reflect the expected losses in the portfolio.  As of June 30, 2012, the time frame used to determine charge off percentages was July 1, 2009 through June 30, 2012.

In addition to the specific reserves and the allocations based on historical loss rates, qualitative/environmental factors are used to recognize estimated incurred losses inherit in the portfolio not reflected in the historical loss allocations utilized.  The qualitative/environmental factors include considerations such as the effects of the local economy, trends in the nature and volume of loans (delinquencies, charge-offs, nonaccrual and problem loans), changes in the internal lending policies and credit standards, collection practices, examination results from bank regulatory agencies and the Company's credit review function.  The qualitative/environmental portion of the allowance is assigned to the various loan categories based on management's perception of estimated incurred risk in the different loan categories and the principal balance of the loan categories.

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Condensed Consolidated Statements Of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Interest Income:
Short term investments	$ 32	$ 14	$ 37	$ 19
Securities	923	1,481	1,909	2,790
Commercial and commercial mortgage loans	6,382	7,264	13,172	14,889
Residential mortgage loans	942	1,041	1,945	2,098
Second and home equity loans	913	1,050	1,860	2,122
Other consumer loans	157	208	326	427
Total interest income	9,349	11,058	19,249	22,345
Interest Expense:
Checking and savings accounts	278	437	576	833
Money market accounts	250	362	495	715
Certificates of deposit	908	1,454	1,938	3,034
Total interest on retail deposits	1,436	2,253	3,009	4,582
Public funds	0	4	1	11
Total interest on wholesale deposits	0	4	1	11
Total interest on deposits	1,436	2,257	3,010	4,593
FHLB advances	0	261	2	521
Other borrowings	0	1	37	4
Junior subordinated debt	83	76	168	152
Total interest expense	1,519	2,595	3,217	5,270
Net interest income	7,830	8,463	16,032	17,075
Provision for loan losses	8,273	2,689	16,012	4,247
Net interest income after provision for loan losses	(443)	5,774	20	12,828
Non Interest Income:
Gain on sale of loans	446	350	1,045	746
Gain on securities	0	10	0	194
Other than temporary impairment losses	0	(7)	0	(7)
Service fees on deposit accounts	1,509	1,543	2,925	2,911
Loan servicing income, net of impairment	109	135	216	246
Net gain\(loss) on real estate owned	15	(24)	23	(411)
Trust and asset management fees	340	306	673	598
Increase in cash surrender value of life insurance	123	132	249	264
Miscellaneous	294	251	573	496
Total non-interest income	2,836	2,696	5,704	5,037
Non Interest Expenses:
Compensation and employee benefits	3,715	3,865	7,740	7,892
Occupancy and equipment	1,008	958	1,974	1,980
Service bureau expense	664	499	1,206	984
FDIC premium	303	330	618	876
Marketing	127	265	270	486
Professional fees	191	208	377	404
Loan expenses	263	306	448	521
Real estate owned expenses	113	172	185	295
Communication expenses	116	154	239	282
Merger expenses	219	0	721	0
Miscellaneous	558	593	1,147	1,199
Total non interest expenses	7,277	7,350	14,925	14,919
Income (loss) before income taxes	(4,884)	1,120	(9,201)	2,946
Income tax provision (credit)	(2,014)	275	(3,689)	765
Net Income (Loss)	$ (2,870)	$ 845	$ (5,512)	$ 2,181
Basic earnings (loss) per common share	$ (0.94)	$ 0.16	$ (1.80)	$ 0.47
Diluted earnings (loss) per common share	$ (0.94)	$ 0.16	$ (1.80)	$ 0.47
Basic weighted average number of common shares	3,383,379	3,364,079	3,383,379	3,364,079
Dilutive weighted average number of common shares	3,383,379	3,367,966	3,383,379	3,367,535
Dividends per common share	$ 0.010	$ 0.010	$ 0.020	$ 0.020

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Repurchases Of Company Common Stock

6 Months Ended

Jun. 30, 2012

Repurchases Of Company Common Stock [Abstract]

Repurchases Of Company Common Stock

5. Repurchases of Company Common Stock

During the six months ended June 30, 2012 and 2011, the Company had no repurchases of Company common stock.  On January 22, 2008, the Board of Directors approved a stock repurchase program to repurchase on the open market up to 5% of the Company's outstanding shares of common stock or 168,498 such shares.  Such purchases will be made in block or open market transactions, subject to market conditions.  The program has no expiration date.  As ofJune 30, 2012, there are 156,612 common shares remaining to be repurchased under this program.

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Pension And Other Retirement Benefit Plans

6 Months Ended

Jun. 30, 2012

Pension And Other Retirement Benefit Plans [Abstract]

Pension And Other Retirement Benefit Plans

4. Pension and Other Retirement Benefit Plans

Prior to April 1, 2008, the Company participated in the Pentegra Defined Benefit Plan for Financial Institutions (the "Pentegra Plan"), a noncontributory multi-employer pension plan covering all qualified employees.  The Company chose to freeze its defined benefit pension plan effective April 1, 2008.  The trustees of the Financial Institutions Retirement Fund administer the Pentegra Plan, employer identification number 13-5645888 and plan number 333.  The Pentegra Plan operates as a multi-employer plan for accounting purposes and as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code.  There are no collective bargaining agreements in place that require contributions to the Pentegra Plan.

The Company recorded pension expenses of $275,000 and $212,000 for the three months ended June 30, 2012 and 2011, respectively. The Company recorded pension expenses of $550,000 and $424,000 for the six months ended June 30, 2012 and 2011, respectively.  Company cash contributions to the multi-employer pension plan for the six months ended June 30, 2012 were $842,000.  No cash contributions were made to the multi-employer pension plan for the six months ended June 30, 2011.

The Company has entered into supplemental retirement agreements for certain officers.  The net periodic pension cost, including the detail of its components for the three months and six months ended June 30, 2012 and 2011, is estimated as follows:  (dollars in thousands)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Components of Net Periodic Benefit Cost	2012		2011		2012		2011
Service cost	$	21	$	28	$	43	$	56
Interest cost		53		53		106		107
Amortization of prior service cost		14		14		27		27
Amortization of actuarial losses		10		0		20		1
Net periodic benefit cost	$	98	$	95	$	196	$	191

The Company previously disclosed in its financial statements for the year ended December 31, 2011, that it expected to pay benefits of $246,000 in 2012.  As of June 30, 2012, the Bank has paid $136,000 in benefits and presently anticipates paying an additional $121,000 in fiscal 2012, provided however that under the Company's merger agreement with Old National Bancorp, these agreements are to be terminated and cashed out at the merger closing.

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Pension And Other Retirement Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2012

Pension And Other Retirement Benefit Plans [Abstract]

Components Of Net Periodic Benefit Costs

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Components of Net Periodic Benefit Cost	2012		2011		2012		2011
Service cost	$	21	$	28	$	43	$	56
Interest cost		53		53		106		107
Amortization of prior service cost		14		14		27		27
Amortization of actuarial losses		10		0		20		1
Net periodic benefit cost	$	98	$	95	$	196	$	191

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Acquisition Update

6 Months Ended

Jun. 30, 2012

Acquisition Update [Abstract]

Acquisition Update

12. Acquisition Update

In a press release dated January 25, 2012, Old National Bancorp announced its intent to acquire the Company in an all stock transaction.  Under the terms of the merger agreement, which was approved by the boards of both companies, Company shareholders will receive 1.90 shares of Old National Bancorp common stock for each share of Company common stock held by them.  As provided in the merger agreement, the exchange ratio is subject to certain adjustments (calculated prior to closing) under circumstances where the consolidated shareholders' equity of the Company is below a specified amount, the loan delinquencies of Indiana Community Bancorp exceed a specified amount or the credit mark for certain "Special Loans" of the Company (as defined in the merger agreement) falls outside a specified range.   If the exchange ratio were measured as of May 31, 2012, including additional changes to the credit mark for Special Loans (as defined in the merger agreement) for information (such as appraisals, loan sales and refinancings) through June 18, 2012, no adjustments to the 1.90 exchange ratio would be required as a result of the shareholders' equity, delinquent loan, or credit mark levels and the exchange ratio would be 1.90 shares of Old National Bancorp common stock for each share of Indiana Community Bancorp common stock. It is important to note, however, that the exchange ratio may be adjusted up or down between May 31, 2012, and 10 days before the closing of the merger based on further changes in the credit mark for the Special Loans. The transaction is expected to close in the third quarter of 2012, subject to approval by federal and state regulatory authorities and the Company's shareholders and the satisfaction of the closing conditions provided in the merger agreement.  In connection with the Merger, executive officers covered by Supplemental Executive Retirement Agreements will receive payment for amounts previously earned.  Additionally, outstanding employee options and restricted shares will be vested and converted to Old National Bancorp shares.  As a result of the merger, two employees will have their change in control agreements assumed and paid by Old National Bank.

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Fair Value Of Financial Instruments

6 Months Ended

Jun. 30, 2012

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

8. Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  GAAP established a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value and describes three levels of inputs that may be used to measure fair value:

Level 1	Quoted prices in active markets for identical assets or liabilities.
Level 2	Observable inputs other than Level 1 prices; such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are
	observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Securities Available for Sale

When quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy.  If quoted market prices are not available, then fair values are estimated by using pricing models and quoted prices of securities with similar characteristics.  The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond's terms and conditions.  Level 2 securities include collateralized mortgage obligations, mortgage backed securities, corporate debt and municipal bonds.  In certain cases where Level 1 and Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and consist of equity securities.

The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2012 and December 31, 2011.  (dollars in thousands)

	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant  Unobservable Inputs
	Level 1		Level 2		Level 3		Fair Value
June 30, 2012
Municipal bonds	$	0	$	45,824	$	0	$	45,824
Collateralized mortgage obligations issued by:
GSE agencies		0		21,773		0		21,773
Private label		0		36,298		0		36,298
Mortgage backed securities issued by agencies		0		54,203		0		54,203
Corporate debt		0		1,526		0		1,526
Equity securities		0		0		75		75
Securities available for sale	$	0	$	159,624	$	75	$	159,699
December 31, 2011
Municipal bonds	$	0	$	46,313	$	0	$	46,313
Collateralized mortgage obligations issued by:
GSE agencies		0		27,766		0		27,766
Private label		0		49,399		0		49,399
Mortgage backed securities issued by agencies		0		55,817		0		55,817
Corporate debt		0		1,400		0		1,400
Equity securities		0		0		75		75
Securities available for sale	$	0	$	180,695	$	75	$	180,770

The following table presents a reconciliation of the beginning and ending balances of recurring securities available for sale fair value measurements recognized in the accompanying consolidated balance sheets using significant unobservable (Level 3) inputs for the three months and six months ended June 30, 2012 and 2011.  (dollars in thousands)

Total Fair Value Measurements	Available for Sale Debt Securities
	Three Months Ended				Six Months Ended
	June 30,				June 30,
Level 3 Instruments Only	2012		2011		2012		2011
Beginning Balance	$	75	$	75	$	75	$	75
Purchases		0		0		0		0
Settlements		0		0		0		0
Ending Balance	$	75	$	75	$	75	$	75

There were no realized and unrealized gains and losses recognized in the accompanying consolidated statement of operations using significant unobservable (Level 3) inputs for the three months and six months ended June 30, 2012 and 2011.

The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a non recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2012 and December 31, 2011.  (dollars in thousands)

	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Level 1		Level 2		Level 3		Fair Value
June 30, 2012
Impaired loans (collateral dependent)		0		0		13,084	13,084
December 31, 2011
Impaired loans (collateral dependent)		0		0		24,879	24,879
Other real estate owned		0		0		295	295

At June 30, 2012, collateral dependent impaired loans which had an evaluation adjustment during 2012 had an aggregate cost of $19.0 million and had been written down to a fair value of $13.1 million measured using Level 3 inputs within the fair value hierarchy. At December 31, 2011, collateral dependent impaired loans which had an evaluation adjustment during 2011 had an aggregate cost of $25.4 million and had been written down to a fair value of $24.9 million measured using Level 3 inputs within the fair value hierarchy. Level 3 inputs for impaired loans included current and prior appraisals and discounting factors.

The significant unobservable inputs (Level 3) used in the fair value measurement for collateral dependent impaired loans included in the table above relate primarily to customized discounting criteria applied to the customer's collateral. The amount of the collateral discount depends upon the marketability of the underlying collateral and the age of the last independent evaluation. Less marketable collateral would receive a larger discount. As of June 30, 2012, collateral discounts ranged from zero to 31% for real estate collateral, 20% for accounts receivable and 50% for inventory and equipment.

At December 31, 2011, other real estate owned was reported at fair value less cost to sell of $295,000 measured using Level 3 inputs within the fair value hierarchy. Level 3 inputs for other real estate owned included third party appraisals adjusted for cost to sell.

The disclosure of the estimated fair value of financial instruments is as follows: (dollars in thousands)

	June 30, 2012										December 31, 2011
	Carrying Value		Fair Value			Level 1		Level 2		Level 3	Carrying Value		Fair Value
Assets:
Cash and cash equivalents	$	94,623	$	94,623	$	94,623	$	0	$	0	$	40,595	$	40,595
Securities available for sale		159,699		159,699				159,624		75		180,770		180,770
Loans held for sale		19,540		19,677				19,677		0		6,464		6,617
Loans, net		588,741		595,597						595,597		692,102		699,191
Accrued interest receivable		2,845		2,845				2,845				3,085		3,085
Federal Home Loan Bank stock		7,092		7,092				7,092				6,563		6,563
Liabilities:
Deposits		823,214		827,000				827,000				863,343		863,322
Junior subordinated debt		15,464		12,309						12,309		15,464		10,628
Advance payments by borrowers for taxes     and insurance		358		358				358				325		325
Accrued interest payable		45		45				45				61		61

Cash, Accrued Interest Receivable, Advance Payments by Borrowers for Taxes and Insurance and Accrued Interest Payable

The carrying amount as reported in the Condensed Consolidated Balance Sheets is a reasonable estimate of fair value.

Loans Held for Sale and Loans, net

The fair value of loans is estimated by discounting the future cash flows using the current rates for loans of similar credit risk and maturities.  The estimate of credit losses is equal to the allowance for loan losses.  Loans held for sale are based on current market prices.

Federal Home Loan Bank Stock

The fair value is estimated to be the carrying value, which is par.

Deposits

The fair value of demand deposits, savings accounts and money market deposit accounts is the amount payable on demand at the reporting date.  The fair value of fixed-maturity certificates of deposit is estimated, by discounting future cash flows, using rates currently offered for deposits of similar remaining maturities.

Junior Subordinated Debt and Long Term Debt

Rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate fair value of existing debt.  Fair value of Junior Subordinated Debt is based on quoted market prices for similar liabilities when traded as an asset in an active market.

The fair value estimates presented herein are based on information available to management at June 30, 2012.  Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date, and, therefore, current estimates of fair value may differ significantly from the amounts presented herein.

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Legal Proceedings

6 Months Ended

Jun. 30, 2012

Legal Proceedings [Abstract]

Legal Proceedings

6. Legal Proceedings

The Company and the Bank are involved from time to time as plaintiff or defendant in various legal actions arising in the normal course of business.  While the ultimate outcome of these proceedings cannot be predicted with certainty, it is the opinion of management that the resolution of these proceedings should not have a material effect on the Company's consolidated financial position or results of operations.

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Mortgage Banking Activities

6 Months Ended

Jun. 30, 2012

Mortgage Banking Activities [Abstract]

Mortgage Banking Activities

7. Mortgage Banking Activities

The Bank is obligated to repurchase certain loans sold to and serviced by others if they become delinquent as defined by various agreements.  At June 30, 2012 and December 31, 2011, these contingent obligations were approximately $17.3 million and $30.2 million, respectively.  Management believes it is remote that, as of June 30, 2012 the Company would have to repurchase these obligations and therefore no reserve has been established for this purpose.

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Securities

6 Months Ended

Jun. 30, 2012

Securities [Abstract]

Securities

9. Securities

Securities are summarized as follows: (in thousands)

	June 30, 2012									December 31, 2011
	Amortized		Gross Unrealized					Fair		Amortized		Gross Unrealized					Fair
	Cost		Gains		(Losses)			Value		Cost		Gains		(Losses)			Value
Available for Sale:
Municipal bonds	$	43,103	$	2,725	$	(4	)		45,824	$	44,094	$	2,255	$	(36	)	$	46,313
Collateralized mortgage   obligations issued by:
GSE agencies		21,302		471		0			21,773		27,354		422		(10	)		27,766
Private label		35,842		462		(6	)		36,298		49,156		319		(76	)		49,399
Mortgage backed securities
issued by agencies		53,686		567		(50	)		54,203		55,652		277		(112	)		55,817
Corporate debt		1,970		0		(444	)		1,526		1,969		0		(569	)		1,400
Equity securities		75		0		0			75		75		0		0			75
Total Available for Sale	$	155,978	$	4,225	$	(504	)	$	159,699	$	178,300	$	3,273	$	(803	)	$	180,770

No securities were pledged at the Federal Reserve as of June 30, 2012 and December 31, 2011.  Certain securities, with amortized cost of $12.4 million and fair value of $12.7 million at June 30, 2012 and amortized cost of $16.6 million and fair value of $16.9 million at December 31, 2011, were pledged as collateral for borrowing purposes at the Federal Home Loan Bank of Indianapolis.

The amortized cost and fair value of securities at June 30, 2012 by contractual maturity are summarized as follows: (dollars in thousands)

	Available for Sale
	Amortized Cost		Fair Value		Yield
Municipal bonds:
Due in one year or less	$	1,539	$	1,552		5.92	%
Due after 1 year through 5 years		13,726		14,431		5.18	%
Due after 5 years through 10 years		26,243		28,121		3.99	%
Due after 10 years		1,595		1,720		4.16	%
Collateralized mortgage obligations issued by:
GSE agencies		21,302		21,773		2.58	%
Private label		35,842		36,298		3.83	%
Mortgage backed securities issued by agencies		53,686		54,203		2.14	%
Corporate debt:
Due after 10 years		1,970		1,526		1.19	%
Equity securities		75		75		0	%
Total	$	155,978	$	159,699		3.23	%

Activities related to the sales of securities available for sale and other realized losses are summarized as follows: (dollars in thousands)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Proceeds from sales	$	0	$	17,218	$	816	$	32,397
Gross gains on securities		0		103		0		398
Gross losses on securities		0		93		0		204
Other than temporary impairment losses		0		7		0		7
Tax expense on realized security gains/losses		0		4		0		77

During 2011 other than temporary impairment was recorded on certain available for sale securities.  The entire unrealized loss on these securities was considered to be related to credit and the cost basis of these investments was reduced to zero on the Company's analysis of expected cash flows.  Therefore, no amounts were recognized in other comprehensive income.

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Fair Value Of Financial Instruments (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2011	Jun. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned reported at fair value less cost to sell	$ 295,000,000
Collateral dependent impaired loans, aggregate cost	25,400,000	19,000,000
Impaired loans (collateral dependent)	24,879,000	13,084,000
Significant Unobservable Inputs Level3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	$ 24,879,000	$ 13,084,000
Real Estate Collateral [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral discounts		31.00%
Real Estate Collateral [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral discounts		0.00%
Accounts Receivable Collateral [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral discounts		20.00%
Accounts Receivable Collateral [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral discounts		0.00%
Inventory And Equipment Collateral [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral discounts		50.00%
Inventory And Equipment Collateral [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral discounts		0.00%

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Portfolio Loans And Allowance For Loan Losses (Schedule Of Average Recorded Investment And Income Recognized) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Impaired [Line Items]
Impaired loans, Average Recorded Investment	$ 43,176	$ 59,030	$ 42,476	$ 57,503
Impaired loans, Interest Income Recognized	143	533	269	1,139
Commercial and commercial mortgage loans cash basis interest included above	134	2	221	40
Commercial And Commercial Mortgage Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Average Recorded Investment	37,532	49,737	36,063	48,403
Impaired loans, Interest Income Recognized	128	459	240	1,010
Construction Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Average Recorded Investment	5,644	9,293	6,413	9,100
Impaired loans, Interest Income Recognized	$ 15	$ 74	$ 29	$ 129

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Subsequent Event

6 Months Ended

Jun. 30, 2012

Subsequent Events [Abstract]

Subsequent Event

 

14. Subsequent Event

In the third quarter, the Company repurchased four branch buildings sold in 2007 as part of a sale lease back transaction.  The purchase price of the four buildings was $3.7 million.

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Impairment Of Investments (Tables)

6 Months Ended

Jun. 30, 2012

Impairment Of Investments [Abstract]

Summary Of Investments In A Continuous Unrealized Loss Position

As of June 30, 2012	Less than Twelve Months					Twelve Months Or Longer					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Collateralized mortgage obligations issued by:
Private Label	$	605	$	(1	)	$	1,522	$	(5	)	$	2,127	$	(6	)
Mortgage backed securities issued by agencies		10,340		(50	)		0		0			10,340		(50	)
Corporate debt		0		0			1,526		(444	)		1,526		(444	)
Municipal bonds		196		(4	)		0		0			196		(4	)
Total Temporarily Impaired Securities	$	11,141	$	(55	)	$	3,048	$	(449	)	$	14,189	$	(504	)

As of December 31, 2011	Less than Twelve Months					Twelve Months Or Longer					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Collateralized mortgage obligations issued by:
GSE agencies	$	1,637	$	(10	)	$	0	$	0		$	1,637	$	(10	)
Private Label		6,079		(59	)		3,911		(17	)		9,990		(76	)
Mortgage backed securities issued by agencies		27,956		(112	)		0		0			27,956		(112	)
Corporate debt		0		0			1,400		(569	)		1,400		(569	)
Municipal bonds		983		(32	)		397		(4	)		1,380		(36	)
Total Temporarily Impaired Securities	$	36,655	$	(213	)	$	5,708	$	(590	)	$	42,363	$	(803	)

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Portfolio Loans And Allowance For Loan Losses (Schedule Of Aging By Loan Portfolio) (Details) (USD $)	Jun. 30, 2012		Dec. 31, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 days past due	$ 2,934,000		$ 1,988,000
60 to 89 days past due	272,000		45,000
Past due 90 days or more and accruing	379,000		87,000
Nonaccrual	32,159,000	[1]	33,971,000
Total Past Due	35,744,000		36,091,000
Current	573,203,000		671,228,000
Total Loans	608,947,000		707,319,000
Nonaccrual loans excluded from portfolio loans	4,400,000
Commercial And Commercial Mortgage Loans Excluding Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 days past due	1,993,000		479,000
60 to 89 days past due	0		0
Past due 90 days or more and accruing	65,000		0
Nonaccrual	26,355,000	[1]	25,962,000
Total Past Due	28,413,000		26,441,000
Current	376,755,000		456,202,000
Total Loans	405,168,000		482,643,000
Commercial And Residential Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 days past due	0		0
60 to 89 days past due	0		0
Past due 90 days or more and accruing	0		0
Nonaccrual	3,753,000	[1]	6,826,000
Total Past Due	3,753,000		6,826,000
Current	25,281,000		33,950,000
Total Loans	29,034,000		40,776,000
Residential Mortgage Loans Excluding Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 days past due	341,000		874,000
60 to 89 days past due	0		0
Past due 90 days or more and accruing	296,000		87,000
Nonaccrual	1,754,000	[1]	849,000
Total Past Due	2,391,000		1,810,000
Current	84,159,000		86,498,000
Total Loans	86,550,000		88,308,000
Second And Home Equity Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 days past due	566,000		526,000
60 to 89 days past due	269,000		44,000
Past due 90 days or more and accruing	18,000		0
Nonaccrual	245,000	[1]	264,000
Total Past Due	1,098,000		834,000
Current	78,244,000		85,225,000
Total Loans	79,342,000		86,059,000
Other Consumer Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 days past due	34,000		109,000
60 to 89 days past due	3,000		1,000
Past due 90 days or more and accruing	0		0
Nonaccrual	52,000	[1]	70,000
Total Past Due	89,000		180,000
Current	8,764,000		9,353,000
Total Loans	$ 8,853,000		$ 9,533,000

[1] Loans held for sale include $4.4 million of nonaccrual loans excluded from the table as they are not part of portfolio loans

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Securities (Summary Of Amortized Cost And Fair Value Of Securities By Contractual Maturity) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Securities available for sale at fair value, amortized cost	$ 155,978	$ 178,300
Securities available for sale	159,699	180,770
Yield	3.23%
Municipal Bonds [Member]
Due in one year or less, Amortized Cost	1,539
Due after 1 year through 5 years, Amortized Cost	13,726
Due after 5 years through 10 years, Amortized Cost	26,243
Due after 10 years, Amortized Cost	1,595
Securities available for sale at fair value, amortized cost	43,103	44,094
Due in one year or less, Fair Value	1,552
Due after 1 year through 5 years, Fair Value	14,431
Due after 5 years through 10 years, Fair Value	28,121
Due after 10 years, Fair Value	1,720
Securities available for sale	45,824	46,313
Yield, Due in one year or less	5.92%
Yield, Due after 1 year through 5 years	5.18%
Yield, Due after 5 years through 10 years	3.99%
Yield, Due after 10 years	4.16%
GSE Agencies [Member]
Securities available for sale at fair value, amortized cost	21,302	27,354
Securities available for sale	21,773	27,766
Yield	2.58%
Private Label [Member]
Securities available for sale at fair value, amortized cost	35,842	49,156
Securities available for sale	36,298	49,399
Yield	3.83%
Mortgage Backed Securities Issued By Agencies [Member]
Securities available for sale at fair value, amortized cost	53,686	55,652
Securities available for sale	54,203	55,817
Yield	2.14%
Corporate Debt [Member]
Due after 10 years, Amortized Cost	1,970
Securities available for sale at fair value, amortized cost	1,970	1,969
Due after 10 years, Fair Value	1,526
Securities available for sale	1,526	1,400
Yield	1.19%
Equity Securities [Member]
Equity Securities, Amortized Cost	75
Securities available for sale at fair value, amortized cost	75	75
Securities available for sale	$ 75	$ 75
Yield	0.00%

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Condensed Consolidated Statements Of Comprehensive Income/(Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Condensed Consolidated Statements Of Comprehensive Income/(Loss) [Abstract]
Net Income (Loss)	$ (2,870)	$ 845	$ (5,512)	$ 2,181
Other Comprehensive Income
Unrealized holding gains	889	2,755	1,251	3,833
Reclassification adjustment for gains included in net income	0	3	0	187
Other comprehensive income, before income taxes	889	2,752	1,251	3,646
Less: Income tax expense related to other comprehensive income	308	990	441	1,327
Total Other Comprehensive Income	581	1,762	810	2,319
Comprehensive Income (Loss)	$ (2,289)	$ 2,607	$ (4,702)	$ 4,500

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Segment Reporting

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Reporting

3. Segment Reporting

Management has concluded that the Company is comprised of a single operating segment, community banking activities, and has disclosed all required information relating to its one reportable segment.  Management considers parent company activity to represent an overhead function rather than an operating segment.  The Company operates in one geographical area and does not have a single customer from which it derives 10 percent or more of its revenue.

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Portfolio Loans And Allowance For Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Portfolio Loans And Allowance For Loan Losses [Abstract]

Summary Of Activity In The Allowance For Credit Losses By Loan Portfolio

	Commercial and commercial mortgage loans			Residential mortgage loans		Second and home equity loans			Other  consumer loans			Total
Three months ended June 30, 2012
Allowance for loan losses:
Balance at beginning of period	$	16,997		$	484	$	479		$	177		$	18,137
Provision for loan losses		8,195			133		(62	)		7			8,273
Loan charge-offs		(6,422	)		0		(11	)		(57	)		(6,490	)
Recoveries		42			0		9			45			96
Balance at End of Period	$	18,812		$	617	$	415		$	172		$	20,016

	Commercial and commercial mortgage  loans			Residential mortgage loans			Second and home equity loans			Other consumer loans			Total
Three months ended June 30, 2011
Allowance for loan losses:
Balance at beginning of period	$	12,758		$	754		$	777		$	289		$	14,578
Provision for loan losses		2,704			(11	)		(25	)		21			2,689
Loan charge-offs		(3,068	)		(99	)		(163	)		(78	)		(3,408	)
Recoveries		114			1			11			38			164
Balance at End of Period	$	12,508		$	645		$	600		$	270		$	14,023

	Commercial and commercial mortgage loans			Residential mortgage loans		Second and home equity loans			Other consumer loans			Total
Six months ended June 30, 2012
Allowance for loan losses:
Balance at beginning of period	$	13,691		$	504	$	556		$	233		$	14,984
Provision for loan losses		16,095			113		(144	)		(52	)		16,012
Loan charge-offs		(11,381	)		0		(18	)		(113	)		(11,512	)
Recoveries		407			0		21			104			532
Balance at End of Period	$	18,812		$	617	$	415		$	172		$	20,016

	Commercial and commercial mortgage loans			Residential mortgage loans			Second and home equity loans			Other consumer loans			Total
Six months ended June 30, 2011
Allowance for loan losses:
Balance at beginning of period	$	12,640		$	799		$	858		$	309		$	14,606
Provision for loan losses		4,300			(16	)		(74	)		37			4,247
Loan charge-offs		(4,617	)		(139	)		(202	)		(159	)		(5,117	)
Recoveries		185			1			18			83			287
Balance at End of Period	$	12,508		$	645		$	600		$	270		$	14,023

Recorded Investment Of Loans Evaluated For Impairment

	Commercial and commercial mortgage loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
As of June 30, 2012
Allowance for loan losses:
Balance at End of Period	$	18,812	$	617	$	415	$	172	$	20,016
Ending balance:  individually evaluated for impairment	$	5,948	$	0	$	0	$	0	$	5,948
Ending balance:  collectively evaluated for impairment	$	12,864	$	617	$	415	$	172	$	14,068
Loans:
Balance at End of Period	$	431,751	$	89,001	$	79,342	$	8,853	$	608,947
Ending balance:  individually evaluated for impairment	$	38,236	$	0	$	0	$	0	$	38,236
Ending balance:  collectively evaluated for impairment	$	393,515	$	89,001	$	79,342	$	8,853	$	570,711

	Commercial and commercial mortgage  loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
As of December 31, 2011
Allowance for loan losses:
Balance at End of Period	$	13,691	$	504	$	556	$	233	$	14,984
Ending balance:  individually evaluated for impairment	$	545	$	0	$	0	$	0	$	545
Ending balance:  collectively evaluated for impairment	$	13,146	$	504	$	556	$	233	$	14,439
Loans:
Balance at End of Period	$	517,970	$	93,757	$	86,059	$	9,533	$	707,319
Ending balance:  individually evaluated for impairment	$	41,075	$	0	$	0	$	0	$	41,075
Ending balance:  collectively evaluated for impairment	$	476,895	$	93,757	$	86,059	$	9,533	$	666,244

Schedule Of Risk Characteristics By Loan Portfolio

As of June 30, 2012	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Rating:
Pass	$	356,389	$	24,156	$	84,503	$	78,812	$	8,797	$	552,657
Special mention		11,160		0		522		302		0		11,984
Substandard		37,619		4,878		1,525		228		56		44,306
Balance at End of Period	$	405,168	$	29,034	$	86,550	$	79,342	$	8,853	$	608,947

As of December 31, 2011	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Rating:
Pass	$	435,266	$	32,825	$	87,278	$	85,751	$	9,462	$	650,582
Special mention		9,521		0		313		44		0		9,878
Substandard		37,856		7,951		717		264		71		46,859
Balance at End of Period	$	482,643	$	40,776	$	88,308	$	86,059	$	9,533	$	707,319

Schedule Of Aging By Loan Portfolio

As of June 30, 2012	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Loans:
30 to 59 days past due	$	1,993	$	0	$	341	$	566	$	34	$	2,934
60 to 89 days past due		0		0		0		269		3		272
Past due 90 days or more and accruing		65		0		296		18		0		379
Nonaccrual (1)		26,355		3,753		1,754		245		52		32,159
Total Past Due		28,413		3,753		2,391		1,098		89		35,744
Current		376,755		25,281		84,159		78,244		8,764		573,203
Total Loans	$	405,168	$	29,034	$	86,550	$	79,342	$	8,853	$	608,947

1)  Loans held for sale include $4.4 million of nonaccrual loans excluded from the table as they are not part of portfolio loans

As of December 31, 2011	Commercial and commercial mortgage loans		Construction loans		Residential mortgage loans		Second and home equity loans		Other consumer loans		Total
Loans:
30 to 59 days past due	$	479	$	0	$	874	$	526	$	109	$	1,988
60 to 89 days past due		0		0		0		44		1		45
Past due 90 days or more and accruing		0		0		87		0		0		87
Nonaccrual		25,962		6,826		849		264		70		33,971
Total Past Due		26,441		6,826		1,810		834		180		36,091
Current		456,202		33,950		86,498		85,225		9,353		671,228
Total Loans	$	482,643	$	40,776	$	88,308	$	86,059	$	9,533	$	707,319

Summary Of Impaired Loans Evaluated For Impairment By Loan Class

As of June 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
Impaired Loans with No Related Allowance Recorded (1):
Commercial and commercial mortgage loans	$	19,094	$	28,655	$	0
Construction loans		3,753		3,753		0
Total Impaired Loans with No Related Allowance Recorded	$	22,847	$	32,408	$	0
Impaired Loans with an Allowance Recorded:
Commercial and commercial mortgage loans	$	14,264	$	14,264	$	5,850
Construction loans		1,125		1,125		98
Total Impaired Loans with an Allowance Recorded	$	15,389	$	15,389	$	5,948
Impaired Loans:
Commercial and commercial mortgage loans	$	33,358	$	42,919	$	5,850
Construction loans		4,878		4,878		98
Total Impaired Loans	$	38,236	$	47,797	$	5,948

1) Residential mortgages of $127,000 and consumer loans of $331,000 all individually less than $200,000 are not individually reviewed and are excluded from the table as they were deemed not significant to the financial statements.

As of December 31, 2011	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
Impaired Loans with No Related Allowance Recorded(1):
Commercial and commercial mortgage loans	$	29,829	$	41,381	$	0
Construction loans		6,826		9,276		0
Total Impaired Loans with No Related Allowance Recorded	$	36,655	$	50,657	$	0
Impaired Loans with an Allowance Recorded:
Commercial and commercial mortgage loans	$	3,295	$	3,295	$	447
Construction loans		1,125		1,125		98
Total Impaired Loans with an Allowance Recorded	$	4,420	$	4,420	$	545
Impaired Loans:
Commercial and commercial mortgage loans	$	33,124	$	44,676	$	447
Construction loans		7,951		10,401		98
Total Impaired Loans	$	41,075	$	55,077	$	545

1) Residential mortgages of $128,000 and consumer loans of $145,000 all individually less than $130,000 are not individually reviewed and are excluded from the table as they were deemed not significant to the financial statements.

Schedule Of Average Recorded Investment And Income Recognized

	Three Months Ended				Three Months Ended
	June 30, 2012				June 30, 2011
	Average Recorded  Investment		Interest Income  Recognized		Average Recorded  Investment		Interest Income  Recognized
Impaired Loans:
Commercial and commercial mortgage loans	$	37,532	$	128	$	49,737	$	459
Construction loans		5,644		15		9,293		74
Total Impaired Loans	$	43,176	$	143	$	59,030	$	533
Commercial and commercial mortgage loans      cash basis interest included above			$	134			$	2

	Six Months Ended				Six Months Ended
	June 30, 2012				June 30, 2011
	Average Recorded  Investment		Interest Income  Recognized		Average Recorded  Investment		Interest Income  Recognized
Impaired Loans:
Commercial and commercial mortgage loans	$	36,063	$	240	$	48,403	$	1,010
Construction loans		6,413		29		9,100		129
Total Impaired Loans	$	42,476	$	269	$	57,503	$	1,139
Commercial and commercial mortgage loans      cash basis interest included above			$	221			$	40

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Fair Value Of Financial Instruments (Summary Of Estimated Fair Values) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Cash and cash equivalents	$ 94,623	$ 40,595
Securities available for sale	159,699	180,770
Loans held for sale	19,677	6,617
Loans, net	595,597	699,191
Accrued interest receivable	2,845	3,085
Federal Home Loan Bank stock	7,092	6,563
Deposits	827,000	863,322
Junior subordinated debt	12,309	10,628
Advance payments by borrowers for taxes and insurance	358	325
Accrued interest payable	45	61
Carrying Value [Member]
Cash and cash equivalents	94,623	40,595
Securities available for sale	159,699	180,770
Loans held for sale	19,540	6,464
Loans, net	588,741	692,102
Accrued interest receivable	2,845	3,085
Federal Home Loan Bank stock	7,092	6,563
Deposits	823,214	863,343
Junior subordinated debt	15,464	15,464
Advance payments by borrowers for taxes and insurance	358	325
Accrued interest payable	45	61
Quoted Prices In Active Markets For Identical Assets Level1 [Member]
Cash and cash equivalents	94,623
Securities available for sale	0	0
Significant Observable Inputs Level2 [Member]
Cash and cash equivalents	0
Securities available for sale	159,624	180,695
Loans held for sale	19,677
Accrued interest receivable	2,845
Federal Home Loan Bank stock	7,092
Deposits	827,000
Advance payments by borrowers for taxes and insurance	358
Accrued interest payable	45
Significant Unobservable Inputs Level3 [Member]
Cash and cash equivalents	0
Securities available for sale	75	75
Loans held for sale	0
Loans, net	595,597
Junior subordinated debt	$ 12,309

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New Accounting Pronouncements

6 Months Ended

Jun. 30, 2012

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

13. New Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2011-04, "Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards ("IFRSs")," which results in common fair value measurement and disclosure requirements in U.S. GAAP and IFRSs.  Consequently, the amendments change the wording used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements.  The application of fair value measurements is not changed as a result of this amendment.  Some of the amendments provide clarification of existing fair value measurement requirements while other amendments change a particular principal or requirement for measuring fair value or disclosing information about fair value measurements.  The amendments in this ASU are effective during interim and annual periods beginning after December 15, 2011.  Management had determined the adoption of this guidance did not have a material effect on the Company's financial position or results of operations.

In June 2011, the FASB issued ASU No. 2011-5, "Presentation of Comprehensive Income," which improves comparability, consistency, and transparency of financial reporting and increases the prominence of items reported in other comprehensive income.  The option to present components of other comprehensive income as part of the statement of changes in stockholders' equity has been eliminated.  The amendments require that all nonowner changes in stockholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  In the two-statement approach, the first statement will present total net income and its components followed consecutively by a second statement that will present total other comprehensive income, the components of other comprehensive income, and the total of comprehensive income.  The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011; however, certain provisions related to the presentation of reclassification adjustments have been deferred by ASU 2011-12 "Comprehensive Income - Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05," as further discussed below.  Management had determined the adoption of this guidance did not have a material effect on the Company's financial position or results of operations.

In December 2011, the FASB issued ASU 2011-12, "Comprehensive Income - Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05."  ASU 2011-12 defers changes in ASU No. 2011-05 that relate to the presentation of reclassification adjustments to allow the FASB time to redeliberate whether to require presentation of such adjustments on the face of the financial statements to show the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income.  ASU 2011-12 allows entities to continue to report reclassifications out of accumulated other comprehensive income consistent with the presentation requirements in effect before ASU No. 2011-05.  All other requirements in ASU No. 2011-05 are not affected by ASU No. 2011-12.  ASU 2011-12 is effective for annual and interim periods beginning after December 15, 2011.  Management had determined the adoption of this guidance did not have a material effect on the Company's financial position or results of operations.