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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2012
Fair Value Measurements [Abstract] |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table presents the recorded amount of the Company's assets measured at fair value on a recurring and nonrecurring basis as of September 30, 2012 and December 31, 2011 aggregated by the level in the fair value hierarchy within which those measurements fall.
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  | Quoted Prices in |  |  |  |  |  | Significant |
|  |  |  |  | Active Markets for |  |  | Significant Other |  |  | Unobservable |
|  |  |  |  | Identical Assets |  |  | Observable |  |  | Inputs |
|  | September 30, 2012 |  |  | (Level 1) |  |  | Inputs (Level 2) |  |  | (Level 3) |
Recurring |  |  |  |  |  |  |  |  |  |  |  |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed |  | $ | 236,810 |  |  | $ | --- |  |  | $ | 236,810 |  |  | $ | --- |
State,County & Municipal |  |  | 4,037 |  |  |  | --- |  |  |  | 4,037 |  |  |  | --- |
Corporate Obligations |  |  | 1,118 |  |  |  | --- |  |  |  | 1,118 |  |  |  | --- |
Asset-Backed Securities |  |  | 132 |  |  |  | --- |  |  |  | --- |  |  |  | 132 |
|  | $ | 242,097 |  |  | $ | --- |  |  | $ | 241,965 |  |  | $ | 132 |
Nonrecurring |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired Loans |  | $ | 16,679 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 16,679 |
Other Real Estate |  | $ | 17,091 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 17,091 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  | Quoted Prices in |  |  |  |  |  | Significant |
|  |  |  |  | Active Markets for |  |  | Significant Other |  |  | Unobservable |
|  |  |  |  | Identical Assets |  |  | Observable |  |  | Inputs |
|  | December 31, 2011 |  |  | (Level 1) |  |  | Inputs (Level 2) |  |  | (Level 3) |
Recurring |  |  |  |  |  |  |  |  |  |  |  |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed |  | $ | 294,061 |  |  | $ | --- |  |  | $ | 294,061 |  |  | $ | --- |
State,County & Municipal |  |  | 7,584 |  |  |  | --- |  |  |  | 7,584 |  |  |  | --- |
Corporate Obligations |  |  | 2,114 |  |  |  | --- |  |  |  | 1,124 |  |  |  | 990 |
Asset-Backed Securities |  |  | 132 |  |  |  | --- |  |  |  | --- |  |  |  | 132 |
|  | $ | 303,891 |  |  | $ | --- |  |  | $ | 302,769 |  |  | $ | 1,122 |
Nonrecurring |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired Loans |  | $ | 17,251 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 17,251 |
Other Real Estate |  | $ | 20,445 |  |  | $ | --- |  |  | $ | 6,170 |  |  | $ | 14,275 |
Quantitative information for financial instruments measured at fair value | The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in Level 3 of the fair value hierarchy measured on a recurring and non-recurring basis at September 30, 2012.
|  |  |  | Valuation |  | Unobservable |  | Range
|  | September 30, 2012 |  | Techniques |  | Inputs |  | (Weighted Avg)
Recurring |  |  |  |  |  |  |  |
Securities Available for Sale |  |  |  |  |  |  |  |
Asset - Backed Securities |  | 132 |  | discounted cash flow |  | discount rate |  | 2.73% - 3.22%
|  |  |  |  |  |  |  | (2.98%)
Nonrecurring |  |  |  |  |  |  |  |
Impaired Loans |  |  |  |  |  |  |  |
Commercial |  | 1,163 |  | sales comparison |  | adjustment for |  | (45.00%) - 80.00%
|  |  |  |  |  | differences between |  | (17.50%)
|  |  |  |  |  | the comparable |  |
|  |  |  |  |  | sales |  |
Real Estate |  |  |  |  |  |  |  |
Commercial Construction |  | 8,824 |  | sales comparison |  | adjustment for |  | 0.00% - 186.90%
|  |  |  |  |  | differences between |  | (93.45%)
|  |  |  |  |  | the comparable |  |
|  |  |  |  |  | sales |  |
|  |  |  | income approach |  | discount rate |  | 7.92%
Residential Real Estate |  | 3,195 |  | sales comparison |  | adjustment for |  | (13.70%) - 24.20%
|  |  |  |  |  | differences between |  | (5.25%)
|  |  |  |  |  | the comparable |  |
|  |  |  |  |  | sales |  |
|  |  |  | income approach |  | capitalization rate |  | 8.90%
Commercial Real Estate |  | 3,497 |  | sales comparison |  | adjustment for |  | (40.00%) - 52.00%
|  |  |  |  |  | differences between |  | (6.00%)
|  |  |  |  |  | the comparable |  |
|  |  |  |  |  | sales |  |
|  |  |  | income approach |  | capitalization rate |  | 11.00%
Other Real Estate Owned |  | 17,091 |  | sales comparison |  | adjustment for |  | 1.97% - 77.35%
|  |  |  |  |  | differences between |  | (29.93%)
|  |  |  |  |  | the comparable |  |
|  |  |  |  |  | sales |  |
Fair Value Measurement Using Significant Unobservable Inputs (Level 3) | The table below presents a reconciliation and statement of income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2012 and 2011.
|  | 2012 |  |  | 2011 |
Fair Value Measurement Using Significant Unobservable Inputs (Level 3) |  | Available for |  |  | Available for |
|  | Sale Securities |  |  | Sale Securities |
|  | (In Thousands) |  |  | (In Thousands) |
Balance, Beginning |  | $ | 1,122 |  |  | $ | 1,017 |
Total Realized/Unrealized Gains (Losses) Included In |  |  |  |  |  |  |  |
Loss on OTTI Impairment |  |  | (60 | ) |  |  | -- |
Other Comprehensive Income |  |  | 70 |  |  |  | 104 |
Purchases, Sales, Issuances and Settlements |  |  |  |  |  |  |  |
Sales/Call |  |  | (1,000 | ) |  |  | -- |
Balance, Ending |  | $ | 132 |  |  | $ | 1,121 |

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- Definition Tabular disclosure related to 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 recurring and/or nonrecurring basis in periods after initial recognition. Disclosures 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) as well as transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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,bb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 6: 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 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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