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Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements [Abstract]

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments

Fair Value of Financial Instruments
(dollars in thousands, unaudited)		September 30, 2014
						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		$	39,678			$	39,678			$	-			$	-			$	39,678
Investment securities available for sale			467,688				2,562				465,126				-				467,688
Loans and leases, net held for investment			858,309				-				869,307				-				869,307
Collateral dependent impaired loans			15,860				-				15,860				-				15,860
Loans held-for-sale			-				-				-				-				-
Cash surrender value of life insurance policies			40,425				-				40,425				-				40,245
Other investments			6,122				-				6,122				-				6,122
Investment in limited partnership			7,579				-				7,579				-				7,579
Accrued interest receivable			5,248				-				5,248				-				5,248
Financial liabilities:
Deposits:
Noninterest-bearing		$	361,388			$	361,388			$	-			$	-			$	361,388
Interest-bearing			861,658				-				861,857				-				861,857
Fed funds purchased and    repurchase agreements			7,170				-				7,170				-				7,170
Short-term borrowings			22,390				-				22,390				-				22,390
Long-term borrowings			-				-				-				-				-
Subordinated debentures			30,928				-				11,347				-				11,347
Limited partnership capital commitment			914				-				914				-				914
Accrued interest payable			122				-				122				-				122
			Notional Amount
Off-balance-sheet financial instruments:
Commitments to extend credit		$	395,368
Standby letters of credit			6,871
Commercial lines of credit			7,592

		December 31, 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		$	78,006			$	78,006			$	-			$	-			$	78,006
Investment securities available for sale			425,044				2,456				422,588				-				425,044
Loans and leases, net held for investment			778,382				-				797,383				-				797,383
Collateral dependent impaired loans			14,705				-				14,705				-				14,705
Loans held-for-sale			105				105				-				-				105
Cash surrender value of life insurance policies			39,424				-				39,424				-				39,424
Other Investments			5,932				-				5,932				-				5,932
Investment in limited partnership			9,204				-				9,204				-				9,204
Accrued interest receivable			4,990				-				4,990				-				4,990
Financial liabilities:
Deposits:
Noninterest-bearing		$	365,997			$	365,997			$	-			$	-			$	365,997
Interest-bearing			808,182				-				808,182				-				808,182
Fed funds purchased and    repurchase agreements			5,974				-				5,974				-				5,974
Short-term borrowings			-				-				-				-				-
Long-term borrowings			-				-				-				-				-
Subordinated debentures			30,928				-				11,175				-				11,175
Limited partnership capital commitment			962				-				962				-				962
Accrued interest payable			186				-				186				-				186
			Notional Amount
Off-balance-sheet financial instruments:
Commitments to extend credit		$	420,707
Standby letters of credit			8,703
Commercial lines of credit			8,070

Summary of Assets Reported at Fair Value on a Recurring Basis

Fair Value Measurements - Recurring
(dollars in thousands, unaudited)
		Fair Value Measurements at September 30, 2014, using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Investment securities
US Government agencies		$	-			$	4,389			$	-			$	4,389
Mortgage-backed securities			-				362,114				-				362,114
State and poltical subdivisions			-				98,623				-				98,623
Equity securities			2,562				-				-				2,562
Total available-for-sale securities		$	2,562			$	465,126			$	-			$	467,688

		Fair Value Measurements at December 31, 2013, using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Input(Level 3)				Total
Investment securities
US Government agencies		$	-			$	5,304			$	-			$	5,304
Mortgage-backed securities			-				320,721				-				320,721
State and poltical subdivisions			-				96,563				-				96,563
Equity securities			2,456				-				-				2,456
Total available-for-sale securities		$	2,456			$	422,588			$	-			$	425,044

Summary of Assets Reported at Fair Value on a Non-Recurring Basis

Fair Value Measurements - Nonrecurring
(dollars in thousands, unaudited)
		Fair Value Measurements at September 30, 2014, 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		$	-			$	15,860			$	-			$	15,860
Foreclosed assets		$	-			$	4,719			$	-			$	4,719

		Fair Value Measurements at December 31, 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		$	-			$	14,705			$	-			$	14,705
Foreclosed assets		$	-			$	8,185			$	-			$	8,185

X

- 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).

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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 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).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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