XML 40 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities recorded at fair value on a recurring basis

						Fair Value Measurements
						Quoted Prices
						in Active
						Markets for				Other				Significant
						Identical				Observable				Unobservable
						Assets				Inputs				Inputs
(in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2015
Assets:
Government sponsored enterprises		$	72,012			$	0			$	72,012			$	0
Asset-backed securities			128,144				0				128,144				0
Obligations of states and political subdivisions			34,801				0				34,801				0
Mortgage servicing rights			2,662				0				0				2,662
Total		$	237,619			$	0			$	234,957			$	2,662
December 31, 2014
Assets:
Government sponsored enterprises		$	57,099			$	0				57,099				0
Asset-backed securities			106,462				0				106,462				0
Obligations of states and political subdivisions			35,437				0				35,437				0
Mortgage servicing rights			2,762				0				0				2,762
Total		$	201,760			$	0			$	198,998			$	2,762

Summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis

		Fair Value Measurements Using
		Significant Unobservable Inputs
		(Level 3)
		Mortgage Servicing Rights
		Three Months Ended March 31,
(in thousands)		2015				2014
Balance at beginning of period		$	2,762			$	3,036
Total gains or losses (realized/unrealized):
Included in earnings			(219	)			(46	)
Included in other comprehensive income			0				0
Purchases			0				0
Sales			0				0
Issues			119				50
Settlements			0				0
Balance at end of period		$	2,662			$	3,040

Schedule of quantitative Information about Level 3 Fair Value Measurements

		Quantitative Information about Level 3 Fair Value Measurements
		Valuation Technique		Unobservable Inputs		Input Value
						Three Months Ended March 31,
						2015				2014
Mortgage servicing rights		Discounted cash flows		Weighted average constant prepayment rate			11.19	%			9.07	%
				Weighted average discount rate			9.26	%			9.08	%
				Weighted average expected life (in years)			5.40				6.20

Schedule of valuation methods for instruments measured at fair value on a nonrecurring basis

		Fair Value Measurements Using
						Quoted Prices												Three
						in Active												Months
						Markets for				Other				Significant				Ended
						Identical				Observable				Unobservable				March 31,
		Total				Assets				Inputs				Inputs				Total Gains
(in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)				(Losses)*
March 31, 2015
Assets:
Impaired loans:
Commercial, financial, & agricultural		$	1,130			$	0			$	0			$	1,130			$	0
Real estate construction - residential			0				0				0				0				0
Real estate construction - commercial			0				0				0				0				0
Real estate mortgage - residential			3,169				0				0				3,169				(71	)
Real estate mortgage - commercial			818				0				0				818				(23	)
Consumer			174				0				0				174				(1	)
Total		$	5,291			$	0			$	0			$	5,291			$	(95	)
Other real estate and foreclosed assets		$	11,751			$	0			$	0			$	11,751			$	228
March 31, 2014
Assets:
Impaired loans:
Commercial, financial, & agricultural		$	1,668			$	0			$	0			$	1,668			$	(103	)
Real estate construction - residential			1,793				0				0				1,793				(60	)
Real estate construction - commercial			67				0				0				67				(414	)
Real estate mortgage - residential			3,559				0				0				3,559				(94	)
Real estate mortgage - commercial			2,615				0				0				2,615				(365	)
Consumer			265				0				0				265				(18	)
Total		$	9,967			$	0			$	0			$	9,967			$	(1,054	)
Other real estate and foreclosed assets		$	14,054			$	0			$	0			$	14,054			$	(30	)

* Total gains (losses) reported for other real estate and foreclosed assets includes charge-offs, valuation write downs, and net losses taken during the periods reported.

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).

+ 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=36462937&loc=d3e19296-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=36462937&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=36462937&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=36462937&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=36462937&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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=36462937&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration