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Fair Value Measurements and Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

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		March 31, 2013				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		$	16,169			$	—			$	16,169			$	—
Residential mortgage pass-through securities			51,514				—				51,514				—
Commercial mortgage pass-through securities			9,926				—				9,926				—
Obligations of U.S. states and political subdivisions			95,958				—				95,958				—
Trust preferred securities			20,788				—				20,744				44
Corporate bonds and notes			236,831				—				236,831				—
Asset-backed securities			19,595				1,465				18,130				—
Certificates of deposit			2,889				—				2,889				—
Equity securities			370				370				—				—
Other securities			3,964				3,964				—				—
Investment securities available-for-sale		$	458,004			$	5,799			$	452,161			$	44

						Fair Value Measurements at Reporting Date Using
Assets Measured at Fair Value on a Recurring Basis		December 31, 2012				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
		(in thousands)
U.S. treasury and agency securities		$	11,909			$	11,909			$	—			$	—
Federal agency obligations			20,535				—				20,535				—
Residential mortgage pass-through securities			53,784				—				53,784				—
Commercial mortgage pass-through securities			9,969				—				9,969				—
Obligations of U.S. states and political subdivisions			107,714				469				107,245				—
Trust preferred securities			21,249				—				21,213				36
Corporate bonds and notes			237,405				—				237,405				—
Collateralized mortgage obligations			2,120				—				2,120				—
Asset-backed securities			19,742				—				19,742				—
Certificates of deposit			2,865				—				2,865				—
Equity securities			325				325				—				—
Other securities			9,198				9,198				—				—
Securities available-for-sale		$	496,815			$	21,901			$	474,878			$	36

Schedule of Changes in Investment Securities Available-for-Sale [Table Text Block]

										Three Months Ended
										March 31,
										2013				2012
		(in thousands)
Balance, beginning of the period										$	36			$	2,115
Principal interest deferrals											14				34
Principal repayments											—				(58	)
Total net unrealized (losses) gains											(6	)			(128	)
Balance, end of the period										$	44			$	1,963

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		March 31, 2013				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		$	4,809			$	—			$	—			$	4,809

						Fair Value Measurements at Reporting Date Using
Assets Measured at Fair Value on a Non-Recurring Basis		December 31, 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		$	4,790			$	—			$	—			$	4,790
Other real estate owned			1,300				—				—				1,300

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)
March 31, 2013
Financial assets
Cash and due from banks		$	116,755		$	116,755			$	116,755			$	—			$	—
Investment securities available-for-sale			458,004			458,004				5,799				452,161				44
Investment securities held-to-maturity			78,212			81,921				—				81,921				—
Restricted investment in bank stocks			8,966			8,966				—				8,966				—
Loans held for sale			774			774				774				—				—
Net loans			869,155			881,942				—				—				881,942
Accrued interest receivable			6,423			6,423				—				3,968				2,455
Financial liabilities
Non interest-bearing deposits			213,794			213,794				—				213,794				—
Interest-bearing deposits			1,068,429			1,069,556				—				1,069,556				—
Long-term borrowings			146,000			161,714				—				161,714				—
Subordinated debentures			5,155			5,032				—				5,032				—
Accrued interest payable			881			881				—				881				—
December 31, 2012
Financial assets
Cash and due from banks		$	104,134		$	104,134			$	104,134			$	—			$	—
Interest bearing deposits with banks			2,004			2,004				2,004				—				—
Investment securities available-for-sale			496,815			496,815				21,901				474,878				36
Investment securities held-to-maturity			58,064			62,431				—				62,431				—
Restricted investment in bank stocks			8,964			8,964				—				8,964				—
Loans held for sale			1,491			1,491				1,491				—				—
Net loans			879,435			897,030				—				—				897,030
Accrued interest receivable			6,849			6,849				—				4,465				2,384
Financial liabilities
Non interest-bearing deposits			215,071			215,071				—				215,071				—
Interest-bearing deposits			1,091,851			1,092,822				—				1,092,822				—
Long-term borrowings			146,000			162,992				—				162,992				—
Subordinated debentures			5,155			5,046				—				5,046				—
Accrued interest payable			874			874				—				874				—

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

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-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.



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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

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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

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-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.



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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).

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