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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2013 and December 31, 2012. No assets were transferred from one hierarchy level to another during the first six 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) |
June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 29,433 |  | $ | - |  | $ | 29,433 |  | $ | - |
Mortgage-backed securities |  |  | 65,299 |  |  | - |  |  | 65,299 |  |  | - |
Other equity securities |  |  | 604 |  |  | - |  |  | 604 |  |  | - |
Total |  | $ | 95,336 |  | $ | - |  | $ | 95,336 |  | $ | - |
Interest rate caps |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
|  |  |  |  |  |  |  | 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 six months ended June 30, 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 six months ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 36,088 |  | $ | 17,951 |  | $ | 31,833 |  | $ | 715 |  | $ | 39 |  | $ | 86,626 |
Charge-offs |  |  | (1,509) |  |  | (1,830) |  |  | (1,660) |  |  | (61) |  |  | (38) |  |  | (5,098) |
Payments |  |  | (1,135) |  |  | (1,323) |  |  | (2,945) |  |  | (12) |  |  | (9) |  |  | (5,424) |
Transfers to other real estate owned |  |  | (205) |  |  | (592) |  |  | (1,601) |  |  | - |  |  | - |  |  | (2,398) |
Returned to performing status |  |  | - |  |  | (380) |  |  | - |  |  | - |  |  | - |  |  | (380) |
Changed to nonaccrual status |  |  | - |  |  | (1,626) |  |  | (1,741) |  |  | - |  |  | - |  |  | (3,367) |
Additions |  |  | 458 |  |  | 9,640 |  |  | 2,758 |  |  | 69 |  |  | 11 |  |  | 12,936 |
Changes in allowance |  |  | 224 |  |  | 221 |  |  | (1,575) |  |  | (29) |  |  | 48 |  |  | (1,111) |
Ending balance |  | $ | 33,921 |  | $ | 22,061 |  | $ | 25,069 |  | $ | 682 |  | $ | 51 |  | $ | 81,784 |
(Dollars in thousands) |  | Construction |  | Residential real estate |  | Commercial real estate |  | Commercial |  | Consumer |  | Total |
For the six months ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 27,166 |  | $ | 22,602 |  | $ | 23,578 |  | $ | 1,738 |  | $ | 28 |  | $ | 75,112 |
Charge-offs |  |  | (1,775) |  |  | (5,356) |  |  | (1,435) |  |  | (1,264) |  |  | - |  |  | (9,830) |
Payments |  |  | (715) |  |  | (3,185) |  |  | (1,375) |  |  | (80) |  |  | (3) |  |  | (5,358) |
Transfers to other real estate owned |  |  | (1,620) |  |  | (763) |  |  | (1,334) |  |  | (30) |  |  | - |  |  | (3,747) |
Returned to performing status |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Changed to nonaccrual status |  |  | (666) |  |  | (786) |  |  | - |  |  | - |  |  | - |  |  | (1,452) |
Additions |  |  | 8,776 |  |  | 11,600 |  |  | 7,279 |  |  | 1,313 |  |  | 30 |  |  | 28,998 |
Changes in allowance |  |  | 90 |  |  | 876 |  |  | (500) |  |  | (30) |  |  | - |  |  | 436 |
Ending balance |  | $ | 31,256 |  | $ | 24,988 |  | $ | 26,213 |  | $ | 1,647 |  | $ | 55 |  | $ | 84,159 |
Fair Value Assets Measured on Nonrecurring Basis Other Real Estate Owned [Table Text Block] |
|  | For the Six Months Ended |
(Dollars in thousands) |  | June 30, |
|  | 2013 |  | 2012 |
Other real estate owned: |  |  |  |  |  |  |
Beginning balance |  | $ | 7,659 |  | $ | 9,385 |
Sales |  |  | (2,979) |  |  | (1,404) |
Write-downs |  |  | (728) |  |  | (853) |
Additions |  |  | 2,456 |  |  | 4,371 |
Ending balance |  | $ | 6,408 |  | $ | 11,499 |
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.
|  | June 30, 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 |  | $ | 124,506 |  | $ | 124,506 |  | $ | 200,193 |  | $ | 200,193 |
Investment securities held to maturity |  |  | 2,591 |  |  | 2,748 |  |  | 2,657 |  |  | 2,884 |
Level 3 inputs |  |  |  |  |  |  |  |  |  |  |  |  |
Loans, net |  |  | 766,465 |  |  | 792,199 |  |  | 769,091 |  |  | 798,381 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Level 2 inputs |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 922,107 |  | $ | 924,284 |  | $ | 1,049,273 |  | $ | 1,052,382 |
Short-term borrowings |  |  | 10,095 |  |  | 10,095 |  |  | 13,761 |  |  | 13,761 |

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- 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). + References No definition available. + Details
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- 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). + References No definition available. + Details
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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=25499696&loc=d3e19190-110258 + Details
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