Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value of Financial Instruments

Schedule of carrying amount and estimated fair value of financial instruments

	At September 30, 2012				At December 31, 2011				At September 30, 2011
	Carrying		Estimated		Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value		Amount		Fair Value
	(in thousands)
Assets:
Cash and cash equivalents	$	58,243	$	58,243	$	60,235	$	60,235	$	37,808	$	37,808
Securities available for sale	114,250		114,250		115,645		115,645		107,761		107,761
Federal Reserve Bank and FHLB stock, at cost	12,191		12,191		12,475		12,475		12,982		12,982
Loans held for sale, net	4,728		4,728		—		—		—		—
Loans held for investment, net	851,715		931,640		730,067		794,906		725,952		795,427
Accrued interest receivable	3,933		3,933		3,885		3,885		3,732		3,732
Liabilities:
Deposit accounts	895,870		898,888		828,877		833,241		797,378		802,202
FHLB advances	47,000		47,000		—		—		—		—
Other borrowings	28,500		32,360		28,500		31,361		28,500		31,603
Subordinated debentures	10,310		8,222		10,310		5,405		10,310		7,500
Accrued interest payable	213		213		147		147		153		153

Schedule of Off-balance sheet commitments and standby letters of credit

	Notional Amount		Cost to Cede or Assume		Notional Amount		Cost to Cede or Assume		Notional Amount		Cost to Cede or Assume
Off-balance sheet commitments and standby letters of credit	$	152,057	$	15,206	$	73,053	$	7,305	$	61,986	$	6,199