XML 40 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2012
Fair Value Measurements and Fair Value of Financial Instruments [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Assets Measured at Fair Value on a Recurring Basis |  | June 30, 2012 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (in thousands) |
Federal agency obligations |  | $ | 18,683 |  |  | $ | — |  |  | $ | 18,683 |  |  | $ | — |
Residential mortgage-backed securities |  |  | 88,794 |  |  |  | — |  |  |  | 88,794 |  |  |  | — |
Commercial mortgage-backed securities |  |  | 9,799 |  |  |  | — |  |  |  | 9,799 |  |  |  | — |
Obligations of U.S. states and political subdivisions |  |  | 85,144 |  |  |  | 256 |  |  |  | 84,888 |  |  |  | — |
Trust preferred securities |  |  | 18,825 |  |  |  | — |  |  |  | 18,721 |  |  |  | 104 |
Corporate bonds and notes |  |  | 212,704 |  |  |  | — |  |  |  | 212,704 |  |  |  | — |
Collateralized mortgage obligations |  |  | 1,752 |  |  |  | — |  |  |  | — |  |  |  | 1,752 |
Asset-backed securities |  |  | 19,633 |  |  |  | — |  |  |  | 19,633 |  |  |  | — |
Equity securities |  |  | 601 |  |  |  | 601 |  |  |  | — |  |  |  | — |
Other securities |  |  | 11,255 |  |  |  | 11,255 |  |  |  | — |  |  |  | — |
Investment securities available-for-sale |  | $ | 467,190 |  |  | $ | 12,112 |  |  | $ | 453,222 |  |  | $ | 1,856 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Assets Measured at Fair Value on a Recurring Basis |  | December 31, 2011 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (in thousands) |
Federal agency obligations |  | $ | 24,969 |  |  | $ | 2,004 |  |  | $ | 22,965 |  |  | $ | — |
Residential mortgage pass-through securities |  |  | 115,364 |  |  |  | — |  |  |  | 115,364 |  |  |  | — |
Obligations of U.S. states and political subdivision |  |  | 69,173 |  |  |  | 397 |  |  |  | 68,776 |  |  |  |  |
Trust preferred securities |  |  | 16,187 |  |  |  | — |  |  |  | 15,971 |  |  |  | 216 |
Corporate bonds and notes |  |  | 173,117 |  |  |  | 2,000 |  |  |  | 171,117 |  |  |  | — |
Collateralized mortgage obligations |  |  | 1,899 |  |  |  | — |  |  |  | — |  |  |  | 1,899 |
Asset-backed securities |  |  | 7,653 |  |  |  | — |  |  |  | 7,653 |  |  |  | — |
Equity securities |  |  | 262 |  |  |  | 262 |  |  |  | — |  |  |  | — |
Other securities |  |  | 5,883 |  |  |  | 5,883 |  |  |  | — |  |  |  | — |
Securities available-for-sale |  | $ | 414,507 |  |  | $ | 10,546 |  |  | $ | 401,846 |  |  | $ | 2,115 |
Schedule of Changes in Investment Securities Available-for-Sale [Table Text Block] |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
|  | (in thousands) |
Balance, beginning of the period |  | $ | 1,963 |  |  | $ | 3,009 |  |  | $ | 2,115 |  |  | $ | 2,870 |
Principal interest deferrals |  |  | 34 |  |  |  | 30 |  |  |  | 68 |  |  |  | 59 |
Principal repayments |  |  | (112 | ) |  |  | (268 | ) |  |  | (170 | ) |  |  | (452 | )
Total net losses included in net income |  |  | (28 | ) |  |  | — |  |  |  | (28 | ) |  |  | — |
Total net unrealized (losses) gains |  |  | (1 | ) |  |  | (76 | ) |  |  | (129 | ) |  |  | 218 |
Balance, end of the period |  | $ | 1,856 |  |  | $ | 2,695 |  |  | $ | 1,856 |  |  | $ | 2,695 |
Schedule of Assets at Fair Value on a Non-recurring Basis |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Assets Measured at Fair Value on a Non-Recurring Basis |  | June 30, 2012 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
| (in thousands) |
Impaired loans |  | $ | 7,355 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,355 |
Other real estate owned |  |  | 453 |  |  |  | — |  |  |  | — |  |  |  | 453 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Assets Measured at Fair Value on a Non-Recurring Basis |  | December 31, 2011 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
| (in thousands) |
Impaired loans |  | $ | 10,740 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,740 |
Other real estate owned |  |  | 591 |  |  |  | — |  |  |  | — |  |  |  | 591
Schedule of Fair Value Hierarchy [Table Text Block] |
|  |  |  |  |  |  | Fair Value Measurements |
|  | Carrying Amount |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (in thousands) |
June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 73,668 |  | $ | 73,668 |  |  | $ | 73,668 |  |  | $ | — |  |  | $ | — |
Interest bearing deposits with banks |  |  | 12,000 |  |  | 12,000 |  |  |  | 12,000 |  |  |  | — |  |  |  | — |
Investment securities held-to-maturity |  |  | 62,997 |  |  | 66,562 |  |  |  | — |  |  |  | 66,562 |  |  |  | — |
Restricted investment in bank stocks |  |  | 9,139 |  |  | 9,139 |  |  |  | 9,139 |  |  |  | — |  |  |  | — |
Net loans (including loans held for sale) |  |  | 797,233 |  |  | 803,952 |  |  |  | 501 |  |  |  | — |  |  |  | 803,451 |
Accrued interest receivable |  |  | 6,465 |  |  | 6,465 |  |  |  | — |  |  |  | 4,302 |  |  |  | 2,163 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non interest-bearing deposits |  |  | 181,282 |  |  | 181,282 |  |  |  | — |  |  |  | 181,282 |  |  |  | — |
Interest-bearing deposits |  |  | 993,367 |  |  | 994,379 |  |  |  | — |  |  |  | 994,379 |  |  |  | — |
Short-term borrowings |  |  | 107 |  |  | 107 |  |  |  | — |  |  |  | 107 |  |  |  | — |
Long-term borrowings |  |  | 161,000 |  |  | 179,241 |  |  |  | — |  |  |  | 179,241 |  |  |  | — |
Subordinated debentures |  |  | 5,155 |  |  | 5,184 |  |  |  | — |  |  |  | 5,184 |  |  |  | — |
Accrued interest payable |  |  | 912 |  |  | 912 |  |  |  | — |  |  |  | 912 |  |  |  | — |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 111,101 |  | $ | 111,101 |  |  | $ | 111,101 |  |  | $ | — |  |  | $ | — |
Investment securities held-to-maturity |  |  | 72,233 |  |  | 74,922 |  |  |  | — |  |  |  | 74,922 |  |  |  | — |
Restricted investment in bank stocks |  |  | 9,233 |  |  | 9,233 |  |  |  | 9,233 |  |  |  | — |  |  |  | — |
Net loans (including loans held for sale) |  |  | 746,408 |  |  | 752,252 |  |  |  | 1,029 |  |  |  | — |  |  |  | 751,223 |
Accrued interest receivable |  |  | 6,219 |  |  | 6,219 |  |  |  | — |  |  |  | 3,894 |  |  |  | 2,325 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non interest-bearing deposits |  |  | 167,164 |  |  | 167,164 |  |  |  | — |  |  |  | 167,164 |  |  |  | — |
Interest-bearing deposits |  |  | 954,251 |  |  | 928,777 |  |  |  | — |  |  |  | 928,777 |  |  |  | — |
Long-term borrowings |  |  | 161,000 |  |  | 175,933 |  |  |  | — |  |  |  | 175,933 |  |  |  | — |
Subordinated debentures |  |  | 5,155 |  |  | 5,159 |  |  |  | — |  |  |  | 5,159 |  |  |  | — |
Accrued interest payable |  |  | 992 |  |  | 992 |  |  |  | — |  |  |  | 992 |  |  |  | — |

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 14 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 18 -Subparagraph c(2), d, e, f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15 -Subparagraph b-d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -Subparagraph a, b, c(1), d(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a, c(1), c(2), c(3), d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration