XML 98 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.6

2. Investment Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Investment Securities Tables |
Investment securities available for sale |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2012 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Mortgage-backed securities |  | $ | 146,755 |  |  |  | 1,875 |  |  |  | 606 |  |  |  | 148,024 |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 18,714 |  |  |  | 203 |  |  |  | 80 |  |  |  | 18,837 |
State and political subdivisions |  |  | 118,591 |  |  |  | 7,171 |  |  |  | 104 |  |  |  | 125,658 |
Corporate bonds |  |  | 2,571 |  |  |  | 19 |  |  |  | 4 |  |  |  | 2,586 |
Trust preferred securities |  |  | 1,250 |  |  |  | - |  |  |  | - |  |  |  | 1,250 |
Equity securities |  |  | 748 |  |  |  | 720 |  |  |  | - |  |  |  | 1,468 |
Total |  | $ | 288,629 |  |  |  | 9,988 |  |  |  | 794 |  |  |  | 297,823 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2011 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Mortgage-backed securities |  | $ | 213,378 |  |  |  | 1,371 |  |  |  | 1,056 |  |  |  | 213,693 |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 7,429 |  |  |  | 265 |  |  |  | - |  |  |  | 7,694 |
State and political subdivisions |  |  | 92,996 |  |  |  | 4,157 |  |  |  | 56 |  |  |  | 97,097 |
Corporate bonds |  |  | 546 |  |  |  | - |  |  |  | 3 |  |  |  | 543 |
Trust preferred securities |  |  | 1,250 |  |  |  | - |  |  |  | - |  |  |  | 1,250 |
Equity securities |  |  | 748 |  |  |  | 363 |  |  |  | - |  |  |  | 1,111 |
Total |  | $ | 316,347 |  |  |  | 6,156 |  |  |  | 1,115 |  |  |  | 321,388 |
Current fair value and associated unrealized losses on investments in securities with unrealized losses |
(Dollars in thousands) |  |  |
|  | December 31, 2012 |
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Mortgage-backed securities |  |  | 48,126 |  |  |  | 468 |  |  |  | 12,913 |  |  |  | 138 |  |  |  | 61,039 |  |  |  | 606 |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 3,402 |  |  |  | 80 |  |  |  | - |  |  |  | - |  |  |  | 3,402 |  |  |  | 80 |
State and political subdivisions |  |  | 9,490 |  |  |  | 104 |  |  |  | - |  |  |  | - |  |  |  | 9,490 |  |  |  | 104 |
Corporate bonds |  |  | 1,035 |  |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | 1,035 |  |  |  | 4 |
Total |  |  | 62,053 |  |  |  | 656 |  |  |  | 12,913 |  |  |  | 138 |  |  |  | 74,966 |  |  |  | 794 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2011 |
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Mortgage-backed securities |  | $ | 95,122 |  |  |  | 991 |  |  |  | 4,125 |  |  |  | 65 |  |  |  | 99,247 |  |  |  | 1,056 |
State and political subdivisions |  |  | 4,444 |  |  |  | 56 |  |  |  | - |  |  |  | - |  |  |  | 4,444 |  |  |  | 56 |
Corporate bonds |  |  | 542 |  |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | 542 |  |  |  | 3 |
Total |  | $ | 100,108 |  |  |  | 1,050 |  |  |  | 4,125 |  |  |  | 65 |  |  |  | 104,233 |  |  |  | 1,115 |
Amortized cost and fair value of investment securities by contractual maturity |
(Dollars in thousands) |  |  |  |  |  |
|  | Amortized Cost |  |  | Estimated Fair Value |
Due within one year |  | $ | 4,139 |  |  |  | 4,163 |
Due from one to five years |  |  | 14,285 |  |  |  | 14,768 |
Due from five to ten years |  |  | 100,595 |  |  |  | 106,246 |
Due after ten years |  |  | 22,107 |  |  |  | 23,154 |
Mortgage-backed securities |  |  | 146,755 |  |  |  | 148,024 |
Equity securities |  |  | 748 |  |  |  | 1,468 |
Total |  | $ | 288,629 |  |  |  | 297,823 |
Available for sale securities measured at fair value on a recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2012 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage-backed securities |  | $ | 148,024 |  |  |  | - |  |  |  | 148,024 |  |  |  | - |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 18,837 |  |  |  | - |  |  |  | 18,837 |  |  |  | - |
State and political subdivisions |  | $ | 125,658 |  |  |  | - |  |  |  | 125,658 |  |  |  | - |
Corporate bonds |  | $ | 2,586 |  |  |  | - |  |  |  | 2,586 |  |  |  | - |
Trust preferred securities |  | $ | 1,250 |  |  |  | - |  |  |  | - |  |  |  | 1,250 |
Equity securities |  | $ | 1,468 |  |  |  | 1,468 |  |  |  | - |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2011 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage-backed securities |  | $ | 213,693 |  |  |  | - |  |  |  | 208,349 |  |  |  | 5,344 |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 7,694 |  |  |  | - |  |  |  | 7,694 |  |  |  | - |
State and political subdivisions |  | $ | 97,097 |  |  |  | - |  |  |  | 97,097 |  |  |  | - |
Corporate bonds |  | $ | 543 |  |  |  | - |  |  |  | 543 |  |  |  | - |
Trust preferred securities |  | $ | 1,250 |  |  |  | - |  |  |  | - |  |  |  | 1,250 |
Equity securities |  | $ | 1,111 |  |  |  | 1,111 |  |  |  | - |  |  |  | - |
(Dollars in thousands) |  |  |
|  | Investment Securities Available for Sale |
|  | Level 3 Valuation |
Balance, beginning of period |  | $ | 6,594 |
Change in book value |  |  | - |
Change in gain/(loss) realized and unrealized |  |  | - |
Purchases/(sales) |  |  | - |
Transfers in and/or (out) of Level 3 |  |  | (5,344 | )
Balance, end of period |  | $ | 1,250 |
Change in unrealized gain/(loss) for assets still held in Level 3 |  | $ | - |

X
- Details
Name: | PEBK_InvestmentSecuritiesTablesAbstract
Namespace Prefix: | PEBK_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
Name: | us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 03-1 -Paragraph 21 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS115-1/124-1 -Paragraph 17 -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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 19, 20, 21 -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 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6435544&loc=d3e41834-113960 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5086-111524 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 137 -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 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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=7578670&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration