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Fair Value Disclosures and Reporting, Fair Value Option and Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2013
Fair Value Disclosures [Abstract] |
Estimated Fair Values for Financial Instruments |
Estimated fair values for the Company's financial instruments at the periods noted are as follows:
Fair Value of Financial Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands, unaudited) |  | June 30, 2013 |
|  |  |  | Estimated Fair Value |
|  | Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 66,982 |  | $ | 66,982 |  | $ | - |  | $ | - |  | $ | 66,982 |
Investment securities available for sale |  |  | 393,576 |  |  | 2,234 |  |  | 391,342 |  |  | - |  |  | 393,576 |
Loans and leases, net |  |  | 785,219 |  |  | - |  |  | 831,835 |  |  | - |  |  | 831,835 |
Collateral dependent impaired loans |  |  | 14,032 |  |  | - |  |  | 14,032 |  |  | - |  |  | 14,032 |
Loans held-for-sale |  |  | 523 |  |  | 523 |  |  | - |  |  | - |  |  | 523 |
Cash surrender value of life insurance policies |  |  | 38,940 |  |  | - |  |  | 38,940 |  |  | - |  |  | 38,940 |
Other investments |  |  | 5,932 |  |  | - |  |  | 5,932 |  |  | - |  |  | 5,932 |
Investment in Limited Partnership |  |  | 9,826 |  |  | - |  |  | 9,826 |  |  | - |  |  | 9,826 |
Accrued interest receivable |  |  | 4,935 |  |  | - |  |  | 4,935 |  |  | - |  |  | 4,935 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing |  | $ | 357,540 |  | $ | 357,540 |  | $ | - |  | $ | - |  | $ | 357,540 |
Interest-bearing |  |  | 797,476 |  |  | - |  |  | 797,833 |  |  | - |  |  | 797,833 |
Fed Funds Purchased and Repurchase Agreements |  |  | 1,963 |  |  | - |  |  | 1,963 |  |  | - |  |  | 1,963 |
Short-term borrowings |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Long-term borrowings |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Subordinated debentures |  |  | 30,928 |  |  | - |  |  | 19,304 |  |  | - |  |  | 19,304 |
Limited partnership capital commitment |  |  | 951 |  |  | - |  |  | 951 |  |  | - |  |  | 951 |
Accrued Interest Payable |  |  | 200 |  |  | - |  |  | 200 |  |  | - |  |  | 200 |
|  | Notional Amount |  |  |  |  |  |  |  |  |  |  |  |  |
Off-balance-sheet financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commitments to extend credit |  | $ | 387,241 |  |  |  |  |  |  |  |  |  |  |  |  |
Standby letters of credit |  |  | 8,316 |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial lines of credit |  |  | 8,533 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2012 |
|  |  |  |  | Estimated Fair Value |
|  | Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 61,818 |  | $ | 61,818 |  | $ | - |  | $ | - |  | $ | 61,818 |
Investment securities available for sale |  |  | 380,188 |  |  | 1,809 |  |  | 378,379 |  |  | - |  |  | 380,188 |
Loans and leases, net |  |  | 839,629 |  |  | - |  |  | 873,309 |  |  | - |  |  | 873,309 |
Collateral dependent impaired loans |  |  | 27,449 |  |  | - |  |  | 27,449 |  |  | - |  |  | 27,449 |
Loans held-for-sale |  |  | 210 |  |  | 210 |  |  | - |  |  | - |  |  | 210 |
Cash surrender value of life insurance policies |  |  | 38,007 |  |  | - |  |  | 38,007 |  |  | - |  |  | 38,007 |
Other Investments |  |  | 6,370 |  |  | - |  |  | 6,370 |  |  | - |  |  | 6,370 |
Investment in Limited Partnership |  |  | 10,316 |  |  | - |  |  | 10,316 |  |  | - |  |  | 10,316 |
Accrued Interest Receivable |  |  | 5,095 |  |  | - |  |  | 5,095 |  |  | - |  |  | 5,095 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing |  | $ | 352,597 |  | $ | 352,597 |  | $ | - |  | $ | - |  | $ | 352,597 |
Interest-bearing |  |  | 821,437 |  |  | - |  |  | 821,911 |  |  | - |  |  | 821,911 |
Fed Funds Purchased and Repurchase Agreements |  |  | 1,419 |  |  | - |  |  | 1,419 |  |  | - |  |  | 1,419 |
Short-term borrowings |  |  | 36,650 |  |  | - |  |  | 36,650 |  |  | - |  |  | 36,650 |
Long-term borrowings |  |  | 5,000 |  |  | - |  |  | 5,038 |  |  | - |  |  | 5,038 |
Subordinated debentures |  |  | 30,928 |  |  | - |  |  | 12,141 |  |  | - |  |  | 12,141 |
Limited partnership capital commitment |  |  | 962 |  |  | - |  |  | 962 |  |  | - |  |  | 962 |
Accrued Interest Payable |  |  | 304 |  |  | - |  |  | 304 |  |  | - |  |  | 304 |
|  | Notional Amount |  |  |  |  |  |  |  |  |  |  |  |  |
Off-balance-sheet financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commitments to extend credit |  | $ | 225,400 |  |  |  |  |  |  |  |  |  |  |  |  |
Standby letters of credit |  |  | 6,690 |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial lines of credit |  |  | 8,539 |  |  |  |  |  |  |  |  |  |  |  |  |
Summary of Assets Reported at Fair Value on Recurring Basis |
Assets reported at fair value on a recurring basis are summarized below: Fair Value Measurements - Recurring (dollars in thousands, unaudited)
|  | Fair Value Measurements at June 30, 2013, Using |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
Investment Securities |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | - |  | $ | 4,293 |  | $ | - |  | $ | 4,293 |
Obligations of states and political subdivisions |  |  | - |  |  | 87,405 |  |  | - |  |  | 87,405 |
U.S. Government agencies collateralized by mortgage obligations |  |  | - |  |  | 299,644 |  |  | - |  |  | 299,644 |
Other Securities |  |  | 2,234 |  |  | - |  |  | - |  |  | 2,234 |
Total availabe-for-sale securities |  | $ | 2,234 |  | $ | 391,342 |  | $ | - |  | $ | 393,576 |
|  | Fair Value Measurements at December 31, 2012, Using |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
Investment Securities |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | - |  | $ | 2,973 |  | $ | - |  | $ | 2,973 |
Obligations of states and political subdivisions |  |  | - |  |  | 73,986 |  |  | - |  |  | 73,986 |
U.S. Government agencies collateralized by mortgage obligations |  |  | - |  |  | 301,389 |  |  | - |  |  | 301,389 |
Other Securities |  |  | 1,809 |  |  | 31 |  |  | - |  |  | 1,840 |
Total availabe-for-sale securities |  | $ | 1,809 |  | $ | 378,379 |  | $ | - |  | $ | 380,188 |
Summary of Assets for Which Nonrecurring Change in Fair Value Recorded |
Assets reported at fair value on a nonrecurring basis are summarized below:
Fair Value Measurements - Nonrecurring |  |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands, unaudited) |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements at June 30, 2013, Using |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
Collateral Dependent Impaired Loans |  | $ | - |  | $ | 14,032 |  | $ | - |  | $ | 14,032 |
Foreclosed Assets |  | $ | - |  | $ | 10,834 |  | $ | - |  | $ | 10,834 |
|  | Fair Value Measurements at December 31, 2012, Using |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
Collateral Dependent Impaired Loans |  | $ | - |  | $ | 27,449 |  | $ | - |  | $ | 27,449 |
Foreclosed Assets |  | $ | - |  | $ | 19,754 |  | $ | - |  | $ | 19,754 |

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- Definition Tabular disclosure of 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 nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may 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). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19296-110258 + 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 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 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) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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