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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Of Financial Instruments [Abstract]

Financial instruments that were measured at fair value on a recurring and nonrecurring basis

The following table summarizes the Company's financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2014. 

($ in thousands)
Description of Financial Instruments		Fair Value at December 31, 2014				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Recurring
Securities available for sale:
Government-sponsored enterprise securities		$	27,521				—				27,521				—
Mortgage-backed securities			129,510				—				129,510				—
Corporate bonds			865				—				865				—
Equity securities			6,138				—				6,138				—
Total available for sale securities		$	164,034				—				164,034				—
Nonrecurring
Impaired loans – covered		$	5,220				—				—				5,220
Impaired loans – non-covered			20,512				—				—				20,512
Foreclosed real estate – covered			2,350				—				—				2,350
Foreclosed real estate – non-covered			9,771				—				—				9,771

The following table summarizes the Company's financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2013. 

($ in thousands)
Description of Financial Instruments		Fair Value at December 31, 2013				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Recurring
Securities available for sale:
Government-sponsored enterprise securities		$	18,245				—				18,245				—
Mortgage-backed securities			147,187				—				147,187				—
Corporate bonds			3,598				—				3,598				—
Equity securities			4,011				—				4,011				—
Total available for sale securities		$	173,041				—				173,041				—
Nonrecurring
Impaired loans – covered		$	15,284				—				—				15,284
Impaired loans – non-covered			13,020				—				—				13,020
Foreclosed real estate – covered			24,497				—				—				24,497
Foreclosed real estate – non-covered			12,251				—				—				12,251

Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis

For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of December 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows:

($ in thousands)
Description		Fair Value at December 31, 2014			Valuation Technique	Significant Unobservable Inputs		General Range of Significant Unobservable Input Values
Impaired loans – covered		$	5,220		Appraised value; PV of expected cash flows	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-10%
Impaired loans – non-covered			20,512		Appraised value; PV of expected cash flows	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-10%
Foreclosed real estate – covered			2,350		Appraised value; independent market prices	Discounts to reflect current market conditions and estimated costs to sell			0-10%
Foreclosed real estate – non-covered			9,771		Appraised value; independent market prices	Discounts to reflect current market conditions, abbreviated holding period and estimated costs to sell			0-40%

For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of December 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows:

($ in thousands)
Description		Fair Value at December 31, 2013			Valuation Technique	Significant Unobservable Inputs		General Range of Significant Unobservable Input Values
Impaired loans – covered		$	15,284		Appraised value	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-10%
Impaired loans – non-covered			13,020		Appraised value	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-37%
Foreclosed real estate – covered			24,497		Appraised value	Discounts to reflect current market conditions and estimated costs to sell			0-10%
Foreclosed real estate – non-covered			12,251		Appraised value	Discounts to reflect current market conditions, abbreviated holding period and estimated costs to sell			0-40%

Schedule of the carrying amounts and estimated fair values of financial instruments

Fair value estimates as of December 31, 2014 and 2013 and limitations thereon are set forth below for the Company's financial instruments.  See Note 1(p) for a discussion of fair value methods and assumptions, as well as fair value information for off-balance sheet financial instruments.

			December 31, 2014								December 31, 2013
($ in thousands)	Level in Fair Value Hierarchy		Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
Cash and due from banks, noninterest-bearing	Level 1		$	81,068				81,068				83,881				83,881
Due from banks, interest-bearing	Level 1			171,248				171,248				136,644				136,644
Federal funds sold	Level 1			768				768				2,749				2,749
Securities available for sale	Level 2			164,034				164,034				173,041				173,041
Securities held to maturity	Level 2			178,687				182,411				53,995				56,700
Presold mortgages in process of settlement	Level 1			6,019				6,019				5,422				5,422
Total loans, net of allowance	Level 3			2,355,548				2,328,244				2,414,689				2,352,834
Accrued interest receivable	Level 1			8,920				8,920				9,649				9,649
FDIC indemnification asset	Level 3			22,569				21,856				48,622				47,032
Bank-owned life insurance	Level 1			55,421				55,421				44,040				44,040
Deposits	Level 2			2,695,906				2,696,153				2,751,019				2,752,375
Borrowings	Level 2			116,394				105,407				46,394				34,795
Accrued interest payable	Level 2			686				686				879				879

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The tabular disclosure for level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis,

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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