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Note 8 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
September 30, 2013
Investment securities available for sale:
U. S. Government agency securities		$	-			$	42,555			$	-			$	42,555
Residential mortgage backed securities			-				219,990				-				219,990
Municipal bonds			-				92,899				-				92,899
Other equity investments			151				-				235				386
Residential mortgage loans held for sale			-				39,206				-				39,206
Total assets measured at fair value on a recurring basis as of September 30, 2013		$	151			$	394,650			$	235			$	395,036

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2012
Investment securities available for sale:
U. S. Government agency securities		$	-			$	49,082			$	-			$	49,082
Residential mortgage backed securities			-				173,083				-				173,083
Municipal bonds			-				77,313				-				77,313
Other equity investments			112				-				230				342
Residential mortgage loans held for sale			-				226,923				-				226,923
Total assets measured at fair value on a recurring basis as of December 31, 2012		$	112			$	526,401			$	230			$	526,743

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Other Equity Investments
(dollars in thousands)		September 30, 2013				December 31, 2012
Balance, beginning of period		$	230			$	226
Realized gains included in other noninterest income			5				4
Balance, end of period		$	235			$	230

Fair Value Measurements, Nonrecurring [Table Text Block]

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
September 30, 2013
Impaired loans:
Commercial		$	-			$	6,261			$	3,346			$	9,607
Investment - commercial real estate			-				3,909				2,555				6,464
Owner occupied - commercial real estate			-				-				6,426				6,426
Real estate mortgage - residential			-				113				782				895
Construction - commercial and residential			-				6,874				6,702				13,576
Home equity			-				37				474				511
Other consumer			-				0				45				45
Other real estate owned			-				5,791				5,494				11,285
Total assets measured at fair value on a nonrecurring basis as of September 30, 2013		$	-			$	22,985			$	25,824			$	48,809

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2012
Impaired loans:
Commercial		$	-			$	5,198			$	4,050			$	9,248
Investment - commercial real estate			-				3,924				1,676				5,600
Owner occupied - commercial real estate			-				6,452				207				6,659
Real estate mortgage - residential			-				-				699				699
Construction - commercial and residential			-				12,937				10,298				23,235
Home equity			-				510				3				513
Other consumer			-				-				43				43
Other real estate owned			-				4,969				330				5,299
Total assets measured at fair value on a nonrecurring basis as of December 31, 2012		$	-			$	33,990			$	17,306			$	51,296

Fair Value, by Balance Sheet Grouping [Table Text Block]

										Fair Value Measurements
(dollars in thousands)		Carrying Value				Fair Value				Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
September 30, 2013
Assets
Cash and due from banks		$	8,013			$	8,013			$	-			$	8,013			$	-
Federal funds sold			3,844				3,844				-				3,844				-
Interest bearing deposits with other banks			208,522				208,522				-				208,522				-
Investment securities			355,830				355,830				151				355,444				235

Federal Reserve and Federal Home Loan Bank stock			11,246				11,246				-				11,246				-
Loans held for sale			39,206				39,206				-				39,206				-
Loans			2,796,840				2,832,774				-				17,194				2,815,580
Bank owned life insurance			29,555				29,555				-				29,555				-
Other earning assets			11,184				11,184				-				11,184				-
Liabilities
Noninterest bearing deposits			898,831				898,831				-				898,831				-
Interest bearing deposits			2,085,228				2,085,185				-				2,085,185				-
Borrowings			121,566				123,186				-				123,186				-

December 31, 2012
Assets
Cash and due from banks		$	7,439			$	7,439			$	-			$	7,439			$	-
Federal funds sold			7,852				7,852				-				7,852				-
Interest bearing deposits with other banks			324,043				324,043				-				324,043				-
Investment securities			299,820				299,820				112				299,478				230

Federal Reserve and Federal Home Loan Bank stock			10,694				10,694				-				10,694				-
Loans held for sale			226,923				226,923				-				226,923				-
Loans			2,493,095				2,515,409				-				29,021				2,486,388
Bank owned life insurance			14,135				14,135				-				14,135				-
Liabilities
Noninterest bearing deposits			881,390				881,390				-				881,390				-
Interest bearing deposits			2,015,832				2,017,623				-				2,017,623				-
Borrowings			140,638				142,765				-				142,765				-

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+ Details

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details