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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2012
Fair Value |
Schedule of assets and liabilities measured at fair value |
|  | September 30, 2012 |
|  | Fair Value Measurements Using Significant |
|  | Unobservable Inputs (Level 3) |
(Dollar amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
U.S. Government agencies |  | $ | — |  | $ | 1,884 |  | $ | — |  | $ | 1,884 |
Mortgage Backed Securities-residential |  | — |  | 282,519 |  | — |  | 282,519 |
Mortgage Backed Securities-commercial |  | — |  | 49 |  | — |  | 49 |
Collateralized mortgage obligations |  | — |  | 165,075 |  | — |  | 165,075 |
State and municipal |  | — |  | 191,910 |  | 9,911 |  | 201,821 |
Collateralized debt obligations |  | — |  | — |  | 4,805 |  | 4,805 |
Equities |  | 353 |  | — |  | — |  | 353 |
TOTAL |  | $ | 353 |  | $ | 641,437 |  | $ | 14,716 |  | $ | 656,506 |
Derivative Assets |  |  |  | 2,220 |  |  |  |  |
Derivative Liabilities |  |  |  | (2,220 | ) |  |  |  |
|  | December 31, 2011 |
|  | Fair Value Measurements Using Significant |
|  | Unobservable Inputs (Level 3) |
(Dollar amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
U.S. Government agencies |  | $ | — |  | $ | 4,013 |  | $ | — |  | $ | 4,013 |
Mortgage Backed Securities-residential |  | — |  | 311,788 |  | — |  | 311,788 |
Mortgage Backed Securities-commercial |  | — |  | 101 |  | — |  | 101 |
Collateralized mortgage obligations |  | — |  | 147,947 |  | — |  | 147,947 |
State and municipal |  | — |  | 186,056 |  | 9,525 |  | 195,581 |
Collateralized debt obligations |  | — |  | — |  | 4,771 |  | 4,771 |
Equities |  | 375 |  | — |  | 1,711 |  | 2,086 |
TOTAL |  | $ | 375 |  | $ | 649,905 |  | $ | 16,007 |  | $ | 666,287 |
Derivative Assets |  |  |  | 2,447 |  |  |  |  |
Derivative Liabilities |  |  |  | (2,447 | ) |  |  |  |
Roll forward of financial instruments having fair value measurements using significant unobservable inputs (Level 3) |
|  | Fair Value Measurements Using SignificantUnobservable Inputs (Level 3) |
|  | Three months ended September 30, 2012 |
|  |  |  | State and |  | Collateralized |  |  |
|  |  |  | municipal |  | debt |  |  |
|  | Equities |  | obligations |  | obligations |  | Total |
Beginning balance, July 1 |  | $ | — |  | $ | 10,066 |  | $ | 4,379 |  | $ | 14,445 |
Total realized/unrealized gains or losses |  |  |  |  |  |  |  |  |
Included in earnings |  | — |  | — |  | — |  | — |
Included in other comprehensive income |  | — |  | — |  | 426 |  | 426 |
Transfers & Purchases |  | — |  | — |  | — |  | — |
Settlements |  | — |  | (155 | ) | — |  | (155 | )
Ending balance, September 30 |  | $ | — |  | $ | 9,911 |  | $ | 4,805 |  | $ | 14,716 |
|  | Fair Value Measurements Using SignificantUnobservable Inputs (Level 3) |
|  | Nine months ended September 30, 2012 |
|  |  |  | State and |  | Collateralized |  |  |
|  |  |  | municipal |  | debt |  |  |
|  | Equities |  | obligations |  | obligations |  | Total |
Beginning balance, January 1 |  | $ | 1,711 |  | $ | 9,525 |  | $ | 4,771 |  | $ | 16,007 |
Total realized/unrealized gains or losses |  |  |  |  |  |  |  |  |
Included in earnings |  | 435 |  | — |  | (285 | ) | 150 |
Included in other comprehensive income |  | (446 | ) | — |  | 655 |  | 209 |
Transfers & Purchases |  | — |  | 1,186 |  | — |  | 1,186 |
Settlements |  | (1,700 | ) | (800 | ) | (336 | ) | (2,836 | )
Ending balance, September 30 |  | $ | — |  | $ | 9,911 |  | $ | 4,805 |  | $ | 14,716 |
|  | Fair Value Measurements Using SignificantUnobservable Inputs (Level 3) |
|  |  |  | December 31, 2011 |  |  |
|  |  |  | State and |  | Collateralized |  |  |
|  |  |  | municipal |  | debt |  |  |
|  | Equities |  | obligations |  | obligations |  | Total |
Beginning balance, January 1 |  | $ | 1,518 |  | $ | — |  | $ | 2,190 |  | $ | 3,708 |
Total realized/unrealized gains or losses |  |  |  |  |  |  |  |  |
Included in earnings |  | — |  | — |  | — |  | — |
Included in other comprehensive income |  | 193 |  | — |  | 2,581 |  | 2,774 |
Transfers & Purchases |  | — |  | 9,672 |  | — |  | 9,672 |
Settlements |  | — |  | (147 | ) | — |  | (147 | )
Ending balance, December 31 |  | $ | 1,711 |  | $ | 9,525 |  | $ | 4,771 |  | $ | 16,007 |
Schedule of quantitative information about recurring and non-recurring Level 3 fair value measurements |
|  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |
State and municipal obligations |  | $ | 9,911 |  | Discounted cash flow |  | Discount rate |  | 3.05%-5.50% |
|  |  |  |  |  | Probability of default |  | 0% |
Other real estate |  | $ | 8,670 |  | Sales comparison/income approach |  | Discount rate for age of appraisal and market conditions |  | 5.00%-20.00% |
Impaired Loans |  | 28,984 |  | Sales comparison/income approach |  | Discount rate for age of appraisal and market conditions |  | 0.00%-50.00% |
Schedule of loans identified as impaired by class of loans |
|  | September 30, 2012 |
(Dollar amounts in thousands) |  | Unpaid Principal Balance |  | Allowance for Loan Losses Allocated |  | Fair Value |
Commercial |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 17,885 |  | $ | 3,925 |  | $ | 13,960 |
Farmland |  | 891 |  | 49 |  | 842 |
Non Farm, Non Residential |  | 7,581 |  | 182 |  | 7,399 |
Agriculture |  | — |  | — |  | — |
All Other Commercial |  | 1,315 |  | 56 |  | 1,259 |
Residential |  |  |  |  |  |  |
First Liens |  | 1,255 |  | 190 |  | 1,065 |
Home Equity |  | 197 |  | — |  | 197 |
Junior Liens |  | — |  | — |  | — |
Multifamily |  | 5,540 |  | 1,278 |  | 4,262 |
All Other Residential |  | — |  | — |  | — |
Consumer |  |  |  |  |  |  |
Motor Vehicle |  | — |  | — |  | — |
All Other Consumer |  | — |  | — |  | — |
TOTAL |  | $ | 34,664 |  | $ | 5,680 |  | $ | 28,984 |
|  | December 31, 2011 |
(Dollar amounts in thousands) |  | Unpaid Principal Balance |  | Allowance for Loan Losses Allocated |  | Fair Value |
Commercial |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 17,890 |  | $ | 2,664 |  | $ | 15,226 |
Farmland |  | 891 |  | 49 |  | 842 |
Non Farm, Non Residential |  | 9,260 |  | 957 |  | 8,303 |
Agriculture |  | — |  | — |  | — |
All Other Commercial |  | 1,517 |  | 66 |  | 1,451 |
Residential |  |  |  |  |  |  |
First Liens |  | 1,963 |  | 190 |  | 1,773 |
Home Equity |  | — |  | — |  | — |
Junior Liens |  | 879 |  | 347 |  | 532 |
Multifamily |  | 250 |  | — |  | 250 |
All Other Residential |  | — |  | — |  | — |
Consumer |  |  |  |  |  |  |
Motor Vehicle |  | — |  | — |  | — |
All Other Consumer |  | — |  | — |  | — |
TOTAL |  | $ | 32,650 |  | $ | 4,273 |  | $ | 28,377 |
Schedule of fair value measurement using fair value hierarchy for other real estate |
|  | September 30, 2012 |
|  | Fair Value Measurment Using |
(Dollar amounts in thousands) |  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |
Other real estate - commercial |  | $ | 6,198 |  | $ | — |  | $ | — |  | $ | 6,198 |
Other real estate - residential |  | 2,472 |  | — |  | — |  | 2,472 |
TOTAL |  | $ | 8,670 |  | $ | — |  | $ | — |  | $ | 8,670 |
|  | December 31, 2011 |
|  | Fair Value Measurment Using |
(Dollar amounts in thousands) |  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |
Other real estate - commercial |  | $ | 2,080 |  | $ | — |  | $ | — |  | $ | 2,080 |
Other real estate - residential |  | 2,884 |  | — |  | — |  | 2,884 |
TOTAL |  | $ | 4,964 |  | $ | — |  | $ | — |  | $ | 4,964 |
Schedule of carrying amount and estimated fair value of financial instruments |
|  | September 30, 2012 |
|  | Carrying |  | Fair Value |
(Dollar amounts in thousands) |  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
Cash and due from banks |  | $ | 63,638 |  | $ | 18,484 |  | $ | 45,154 |  | $ | — |  | $ | 63,638 |
Federal funds sold |  | 55,773 |  | — |  | 55,773 |  | — |  | 55,773 |
Securities available—for—sale |  | 656,506 |  | 353 |  | 641,437 |  | 14,716 |  | 656,506 |
Restricted stock |  | 21,296 |  | n/a |  | n/a |  | n/a |  | n/a |
Loans, net |  | 1,836,704 |  | — |  |  |  | 1,929,537 |  | 1,929,537 |
FDIC Indemnification Asset |  | 1,602 |  | — |  | 1,602 |  | — |  | 1,602 |
Accrued interest receivable |  | 12,785 |  | — |  | 4,041 |  | 8,744 |  | 12,785 |
Deposits |  | (2,259,670 | ) | — |  | (2,264,791 | ) | — |  | (2,264,791 | )
Short—term borrowings |  | (43,997 | ) | — |  | (43,997 | ) | — |  | (43,997 | )
Federal Home Loan Bank advances |  | (119,814 | ) | — |  | (126,065 | ) | — |  | (126,065 | )
Other borrowings |  | (6,049 | ) | — |  | (6,049 | ) | — |  | (6,049 | )
Accrued interest payable |  | (1,211 | ) | — |  | (1,211 | ) | — |  | (1,211 | )
|  | December 31, 2011 |  |  |  |  |  |  |
|  | Carrying |  | Fair |  |  |  |  |  |  |
(Dollar amounts in thousands) |  | Value |  | Value |  |  |  |  |  |  |
Cash and due from banks |  | 134,280 |  | 134,280 |  |  |  |  |  |  |  |
Federal funds sold |  | 11,725 |  | 11,725 |  |  |  |  |  |  |  |
Securities available—for—sale |  | 666,287 |  | 666,287 |  |  |  |  |  |  |  |
Restricted stock |  | 22,282 |  | n/a |  |  |  |  |  |  |  |
Loans, net |  | 1,874,438 |  | 1,888,263 |  |  |  |  |  |  |  |
FDIC Indemnification Asset |  | 2,384 |  | 2,384 |  |  |  |  |  |  |  |
Accrued interest receivable |  | 12,947 |  | 12,947 |  |  |  |  |  |  |  |
Deposits |  | (2,274,499 | ) | (2,279,739 | ) |  |  |  |  |  |  |
Short—term borrowings |  | (100,022 | ) | (100,022 | ) |  |  |  |  |  |  |
Federal Home Loan Bank advances |  | (140,231 | ) | (144,089 | ) |  |  |  |  |  |  |
Other borrowings |  | (6,196 | ) | (6,196 | ) |  |  |  |  |  |  |
Accrued interest payable |  | (1,829 | ) | (1,829 | ) |  |  |  |  |  |  |

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- Definition Tabular disclosure of the fair value measurement of assets and liabilities 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 liabilities) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets and liabilities) are reported in the statement of income (or activities); (2) purchases, sales, issuances, 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 and liability. + References No definition available. + Details
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- Definition Tabular disclosure related to 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 recurring and/or nonrecurring basis in periods after initial recognition. Disclosures 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) as well as transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -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 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258 Reference 5: 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 6: 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 Reference 7: 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. + Details
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- 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
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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