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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2012
Fair Value Measurements [Abstract] |
Balances of financial assets measured at fair value on a recurring basis |
|  |  |  |  | Fair Value Measurements at June 30, 2012 (in thousands) |
Description |  | Balance as of June 30, 2012 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities |  | $ | 72,394 |  |  | $ | — |  |  | $ | 72,394 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | 14,727 |  |  |  | — |  |  |  | 14,727 |  |  |  | — |
Corporate equity securities |  |  | 146 |  |  |  | 146 |  |  |  | — |  |  |  | — |
|  | $ | 87,267 |  |  | $ | 146 |  |  | $ | 87,121 |  |  | $ | — |
|  |  |  |  | Fair Value Measurements at December 31, 2011 (in thousands) |
Description |  | Balance as of December 31, 2011 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. agency and mortgage-backed securities |  | $ | 78,876 |  |  | $ | — |  |  | $ | 78,876 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | 12,676 |  |  |  | — |  |  |  | 12,676 |  |  |  | — |
Corporate equity securities |  |  | 113 |  |  |  | 113 |  |  |  | — |  |  |  | — |
|  | $ | 91,665 |  |  | $ | 113 |  |  | $ | 91,552 |  |  | $ | — |
Summary of financial assets measured at fair value on a nonrecurring basis |
|  |  |  |  | Carrying Value at June 30, 2012 (in thousands) |
Description |  | Balance as of June 30, 2012 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans, net |  | $ | 9,388 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,388 |
Other real estate owned, net |  |  | 5,420 |  |  |  | — |  |  |  | — |  |  |  | 5,420 |
|  |  |  |  | Carrying Value at December 31, 2011 (in thousands) |
Description |  | Balance as of December 31, 2011 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans, net |  | $ | 8,320 |  |  | $ | — |  |  | $ | 7,213 |  |  | $ | 1,107 |
Other real estate owned, net |  |  | 6,374 |  |  |  | — |  |  |  | 6,374 |  |  |  | — |
Quantitative information about Level 3 Fair Value Measurements |
|  | Quantitative information about Level 3 Fair Value Measurements for June 30, 2012 (dollars in thousands) |
|  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 9,388 |  |  | Discounted appraised value |  | Selling cost |  |  | 10 | %
|  |  |  |  |  |  |  | Discount for lack of marketability and age of appraisal |  |  | 0%-35 | %
Other real estate owned |  |  | 5,420 |  |  | Discounted appraised value |  | Selling cost |  |  | 7 | %
|  |  |  |  |  |  |  | Discount for lack of marketability and age of appraisal |  |  | 0-30 | %
Changes in Level 3 assets measured at estimated fair value on a nonrecurring basis |
|  | Carrying Value at June 30, 2012 (in thousands) |
|  | Impaired Loans |  |  | Other Real Estate Owned |
Balance, December 31, 2011 |  | $ | 1,107 |  |  | $ | — |
Increase in carrying value |  |  | 180 |  |  |  | — |
Decrease in carrying value |  |  | (126 | ) |  |  | — |
Additions |  |  | 6,666 |  |  |  | 1,971 |
Transfers to OREO |  |  | (209 | ) |  |  | — |
Transfers into Level 3 |  |  | 1,770 |  |  |  | 3,449 |
Balance, June 30, 2012 |  | $ | 9,388 |  |  | $ | 5,420 |
Carrying values and estimated fair values of the Company's financial instruments |
|  | (in thousands) Fair Value Measurements at June 30, 2012 using |
|  | Carrying Amount |  |  | Quoted Prices in Active Markets for Identical Assets Level 1 |  |  | Significant Other Observable Inputs Level 2 |  |  | Significant Unobservable Inputs Level 3 |  |  | Balance |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and short-term investments |  | $ | 37,585 |  |  |  | 37,585 |  |  |  | — |  |  |  | — |  |  | $ | 37,585 |
Securities |  |  | 87,267 |  |  |  | 146 |  |  |  | 87,121 |  |  |  | — |  |  |  | 87,267 |
Loans, net |  |  | 370,136 |  |  |  | — |  |  |  | 364,828 |  |  |  | 9,388 |  |  |  | 374,216 |
Accrued interest receivable |  |  | 1,536 |  |  |  | — |  |  |  | 1,536 |  |  |  | — |  |  |  | 1,536 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 458,694 |  |  |  | — |  |  |  | 460,979 |  |  |  | — |  |  | $ | 460,979 |
Other borrowings |  |  | 14,088 |  |  |  | — |  |  |  | 14,261 |  |  |  | — |  |  |  | 14,261 |
Trust preferred capital notes |  |  | 9,279 |  |  |  | — |  |  |  | 8,820 |  |  |  | — |  |  |  | 8,820 |
Accrued interest payable |  |  | 316 |  |  |  | — |  |  |  | 316 |  |  |  | — |  |  |  | 316 |
|  | (in thousands) December 31, 2011 |
|  | Carrying Amount |  |  | Fair Value |
Financial Assets |  |  |  |  |  |  |  |
Cash and short-term investments |  | $ | 29,524 |  |  | $ | 29,524 |
Securities |  |  | 91,665 |  |  |  | 91,665 |
Loans, net |  |  | 379,503 |  |  |  | 383,557 |
Loans held for sale |  |  | 274 |  |  |  | 274 |
Accrued interest receivable |  |  | 1,620 |  |  |  | 1,620 |
Financial Liabilities |  |  |  |  |  |  |  |
Deposits |  | $ | 469,172 |  |  | $ | 471,771 |
Other borrowings |  |  | 19,100 |  |  |  | 19,137 |
Trust preferred capital notes |  |  | 9,279 |  |  |  | 8,576 |
Accrued interest payable |  |  | 366 |  |  |  | 366 |

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- Definition Fair value assets measured on non recurring basis unobservable input reconciliation. + References No definition available. + Details
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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 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. Reference 2: 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=7578670&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 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 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 3: 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 4: 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=7578670&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 14 -Subparagraph a -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 Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 18 -Subparagraph c(2), d, e, f -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15 -Subparagraph b-d -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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -Subparagraph a, b, c(1), d(1) -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 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a, c(1), c(2), c(3), d -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 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 10 -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 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 + 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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