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FAIR VALUES OF FINANCIAL INSTRUMENTS: (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value

The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs).

		December 31, 2012
		Fair Value Measurment Using
(Dollar amounts in thousands)		Level 1				Level 2				Level 3				Carrying Value
U.S. Government entity mortgage-backed securities		$	-			$	1,886			$	-			$	1,886
Mortgage-backed securities, residential			-				244,676				-				244,676
Mortgage-backed securities, commercial			-				5,131				-				5,131
Collateralized mortgage obligations			-				233,320				-				233,320
State and municipal obligations			-				189,574				9,911				199,485
Collateralized debt obligations			-				-				6,122				6,122
Equity Securities			380				-				-				380
TOTAL		$	380			$	674,587			$	16,033			$	691,000
Derivative Assets						$	2,053
Derivative Liabilities							(2,053	)

		December 31, 2011
		Fair Value Measurment Using
(Dollar amounts in thousands)		Level 1				Level 2				Level 3				Carrying Value
U.S. Government entity mortgage-backed securities		$	-			$	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 obligations			-				186,056				9,525				195,581
Collateralized debt obligations			-				-				4,771				4,771
Equity Securities			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)

The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the twelve months ended December 31, 2012 and 2011.

		Fair Value Measurements Using SignificantUnobservable Inputs (Level 3)
		December 31, 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			(446	)			-				(96	)			(542	)
Included in other comprehensive income			-				-				1,556				1,556
Transfers & Purchases			-				1,186				-				1,186
Settlements			(1,265	)			(800	)			(109	)			(2,174	)
Ending balance, December 31		$	-			$	9,911			$	6,122			$	16,033

		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

Quantitative information about recurring and non-recurring Level 3

The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2012.

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

$

7,722

Sales comparison/income approach

Discount rate for age of appraisal and market conditions

5.00%-20.00%

Impaired Loans

25,948

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

The following table presents loans identified as impaired by class of loans as of December 31, 2012 and 2011.

		December 31, 2012
(Dollar amounts in thousands)		Carrying Value				Allowance for Loan Losses Allocated				Fair Value
Commercial
Commercial & Industrial		$	17,098			$	3,153			$	13,945
Farmland			891				191				700
Non Farm, Non Residential			7,386				293				7,093
Agriculture			-				-				-
All Other Commercial			1,209				52				1,157
Residential
First Liens			1,254				126				1,128
Home Equity			179				-				179
Junior Liens			-				-				-
Multifamily			5,540				3,794				1,746
All Other Residential			-				-				-
Consumer
Motor Vehicle			-				-				-
All Other Consumer			-				-				-
TOTAL		$	33,557			$	7,609			$	25,948

		December 31, 2011
(Dollar amounts in thousands)		Carrying Value				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 carrying amount and estimated fair value of financial instruments

The carrying amount and estimated fair value of assets and liabilities are presented in the table below and were determined based on the above assumptions:

		December 31, 2012
		Carrying				Fair Value
(Dollar amounts in thousands)		Value				Level 1				Level 2				Level 3				Total
Cash and due from banks		$	87,230			$	21,333			$	65,897			$	-			$	87,230
Federal funds sold			20,800				-				20,800				-				20,800
Securities available—for—sale			691,000				380				674,587				16,033				691,000
Restricted stock			21,292				n/a				n/a				n/a				n/a
Loans, net			1,829,978				-				-				1,916,256				1,916,256
FDIC Indemnification Asset			2,632				-				2,632				-				2,632
Accrued interest receivable			12,024				-				2,980				9,044				12,024
Deposits			(2,276,134	)			-				(2,280,910	)			-				(2,280,910	)
Short—term borrowings			(40,551	)			-				(40,551	)			-				(40,551	)
Federal Home Loan Bank advances			(119,705	)			-				(124,933	)			-				(124,933	)
Accrued interest payable			(1,163	)			-				(1,163	)			-				(1,163	)

		December 31, 2011
		Carrying				Fair Value
(Dollar amounts in thousands)		Value				Level 1				Level 2				Level 3				Total
Cash and due from banks		$	134,280			$	19,356			$	114,924			$	-			$	134,280
Federal funds sold			11,725				-				11,725				-				11,725
Securities available-for-sale			666,287				375				649,905				16,007				666,287
Restricted stock			22,282				n/a				n/a				n/a				n/a
Loans, net			1,874,438				-								1,888,263				1,888,263
FDIC Indemnification Asset			2,384				-				2,384				-				2,384
Accrued interest receivable			12,947				-				3,303				9,644				12,947
Deposits			(2,274,499	)			-				(2,279,739	)			-				(2,279,739	)
Short-term borrowings			(100,022	)			-				(100,022	)			-				(100,022	)
Federal Home Loan Bank advances			(140,231	)			-				(144,089	)			-				(144,089	)
Other borrowings			(6,196	)			-				(6,196	)			-				(6,196	)
Accrued interest payable			(1,829	)			-				(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.

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