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Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2011
Fair Value Disclosures [Abstract] 
Fair Value Disclosures [Text Block]
Note 13 – Fair Value of Financial Instruments
 
Following is a summary of the carrying amounts and fair values of the Company’s financial instruments:
 
    September 30, 2011   December 31, 2010
    Carrying         Carrying      
(In thousands)   Amount   Fair Value   Amount   Fair Value
Balance sheet assets:                        
       Cash and cash equivalents       $     334,783       $     334,783       $     138,929       $     138,929
       Investment securities     274,572     274,572     264,569     264,569
       Loans, net     679,375     686,096     696,742     710,294
       Accrued interest receivable     5,736     5,736     5,857     5,857
              Total   $ 1,294,466   $ 1,301,187   $ 1,106,097   $ 1,119,649
Balance sheet liabilities:                        
       Deposits   $ 549,792   $ 549,792   $ 518,590   $ 518,590
       Accounts and drafts payable     683,239     683,239     516,107     516,107
       Short-term borrowings     —     —     9     9
       Accrued interest payable     213     213     208     208
              Total   $ 1,233,244   $ 1,233,244   $ 1,034,914   $ 1,034,914

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:
 
Cash and Other Short-term Instruments – For cash and cash equivalents, accrued interest receivable, accounts and drafts payable, short-term borrowings and accrued interest payable, the carrying amount is a reasonable estimate of fair value because of the demand nature or short maturities of these instruments.
 
Loans – The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities.

Deposits – The fair value of demand deposits, savings deposits and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimates above do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market or the benefit derived from the customer relationship inherent in existing deposits.