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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The tables below present the recorded amount of assets measured at fair value on a recurring basis at March 31, 2013 and December 31, 2012. No assets were transferred from one hierarchy level to another during the first three months of 2013 or 2012.

										Significant
										Other				Significant
						Quoted				Observable				Unobservable
						Prices				Inputs				Inputs
(Dollars in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2013
Securities available for sale:
U.S. Government agencies		$	38,453			$	-			$	38,453			$	-
Mortgage-backed securities			103,161				-				103,161				-
Other equity securities			624				-				624				-
Total		$	142,238			$	-			$	142,238			$	-
Interest rate caps		$	14			$	-			$	14			$	-

										Significant
										Other				Significant
						Quoted				Observable				Unobservable
						Prices				Inputs				Inputs
(Dollars in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
December 31, 2012
Securities available for sale:
U.S. Government agencies		$	36,107			$	-			$	36,107			$	-
Mortgage-backed securities			108,780				-				108,780				-
Other equity securities			621				-				621				-
Total		$	145,508			$	-			$	145,508			$	-
Interest rate caps		$	14			$	-			$	14			$	-

Fair Value Assets Measured on Nonrecurring Basis [Table Text Block]

The tables below summarize the changes in the recorded amount of assets measured at fair value on a nonrecurring basis for the three months ended March 31, 2013 and 2012. All assets measured at fair value on a nonrecurring basis were classified as Level 3 in the fair value hierarchy for the periods presented.

(Dollars in thousands)		Construction				Residential real estate				Commercial real estate				Commercial				Consumer				Total
For the three months ended March 31, 2013
Impaired loans:
Beginning balance		$	36,088			$	17,951			$	31,833			$	715			$	39			$	86,626
Charge-offs			(707	)			(786	)			(1,075	)			(47	)			(34	)			(2,649	)
Payments			(563	)			(199	)			(817	)			(6	)			(4	)			(1,589	)
Transfers to other real estate owned			(205	)			(415	)			(1,601	)			-				-				(2,221	)
Returned to performing status			-				(24	)			-				-				-				(24	)
Changed to nonaccrual status			-				(177	)			-				-				-				(177	)
Additions			125				1,992				23				40				11				2,191
Changes in allowance			380				335				23				(40	)			44				742
Ending balance		$	35,118			$	18,677			$	28,386			$	662			$	56			$	82,899

(Dollars in thousands)		Construction				Residential real estate				Commercial real estate				Commercial				Consumer				Total
For the three months ended March 31, 2012
Impaired loans:
Beginning balance		$	27,166			$	22,602			$	23,578			$	1,738			$	28			$	75,112
Charge-offs			(1,072	)			(4,092	)			(690	)			(194	)			-				(6,048	)
Payments			(675	)			(834	)			(1,326	)			(25	)			-				(2,860	)
Transfers to other real estate owned			(1,600	)			(676	)			(1,212	)			(30	)			-				(3,518	)
Returned to performing status			-				-				-				-				-				-
Changed to nonaccrual status			-				(786	)			-				-				-				(786	)
Additions			648				7,200				7,057				1,114				30				16,049
Changes in allowance			38				418				(193	)			(487	)			-				(224	)
Ending balance		$	24,505			$	23,832			$	27,214			$	2,116			$	58			$	77,725

Fair Value Assets Measured on Nonrecurring Basis Other Real Estate Owned [Table Text Block]

		For the Three Months Ended
(Dollars in thousands)		March 31,
		2013				2012
Other real estate owned:
Beginning balance		$	7,659			$	9,385
Sales			(888	)			(945	)
Write-downs			(672	)			(575	)
Additions			2,267				3,553
Ending balance		$	8,366			$	11,418

Schedule of Estimated Fair Values of Financial Assets and Liabilities [Table Text Block]

The following table provides information on the estimated fair values of the Company’s financial assets and liabilities that are reported in the balance sheets at their carrying amounts. The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy.

		March 31, 2013								December 31, 2012
						Estimated								Estimated
		Carrying				Fair				Carrying				Fair
(Dollars in thousands)		Amount				Value				Amount				Value
Financial assets
Level 2 inputs
Cash and cash equivalents		$	121,687			$	121,687			$	200,193			$	200,193
Investment securities held to maturity			2,594				2,820				2,657				2,884
Level 3 inputs
Loans, net			770,018				796,541				769,091				798,381
Financial liabilities
Level 2 inputs
Deposits		$	970,159			$	973,610			$	1,049,273			$	1,052,382
Short-term borrowings			11,088				11,088				13,761				13,761

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a nonrecurring 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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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a nonrecurring 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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Tabular disclosure of estimated fair values of the company's financial assets and liabilities reported at their carrying amounts.

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- 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

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