Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value of Financial Instruments [Abstract]

Book value and estimated fair value of financial instruments

The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated:

				Fair Value of Financial Instruments Using
December 31, 2012 (in thousands)	Carrying Amount			Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	129,426		$	129,426	$	-	$	-		$	129,426
Investment Securities Available-for-Sale:
Government Agency & Government-Sponsored Entities		26,823			21,731		5,092		-			26,823
Obligations of States and Political Subdivisions		5,665			-		-		5,665			5,665
Mortgage Backed Securities		352,772			-		352,772		-			352,772
Corporate Securities		22,558			4,020		18,538		-			22,558
Other		10,173			9,863		310		-			10,173
Total Investment Securities Available-for-Sale		417,991			35,614		376,712		5,665			417,991
Investment Securities Held-to-Maturity:
Obligations of States and Political Subdivisions		65,694			-		60,177		7,810			67,987
Mortgage Backed Securities		484			-		496		-			496
Other		2,214			-		2,214		-			2,214
Total Investment Securities Held-to-Maturity		68,392			-		62,887		7,810			70,697
FHLB Stock		7,368			N/A		N/A		N/A			N/A
Loans, Net of Deferred Loan Fees & Allowance:
Commercial Real Estate		344,084			-		-		349,524			349,524
Agricultural Real Estate		309,115			-		-		316,302			316,302
Real Estate Construction		31,694			-		-		32,024			32,024
Residential 1st Mortgages		139,038			-		-		144,203			144,203
Home Equity Lines and Loans		38,807			-		-		41,419			41,419
Agricultural		210,595			-		-		209,578			209,578
Commercial		135,330			-		-		134,647			134,647
Consumer & Other		4,876			-		-		4,847			4,847
Unallocated Allowance		(854	)		-		-		(854	)		(854	)
Total Loans, Net of Deferred Loan Fees & Allowance		1,212,685			-		-		1,231,690			1,231,690
Accrued Interest Receivable		6,389			-		-		6,389			6,389
Liabilities:
Deposits:
Demand		462,251			462,251		-		-			462,251
Interest Bearing Transaction		259,141			259,141		-		-			259,141
Savings and Money Market		541,526			541,526		-		-			541,526
Time		459,108			-		459,993		-			459,993
Total Deposits		1,722,026			1,262,918		459,993		-			1,722,911
Subordinated Debentures		10,310			-		5,750		-			5,750
Accrued Interest Payable		498					498		-			498

December 31, 2011	Carrying		Estimated
(in thousands)	Amount		Fair Value
Assets:
Cash and Cash Equivalents	$	101,660	$	101,660
Investment Securities Available-for-Sale		479,820		479,820
Investment Securities Held-to-Maturity		63,092		65,874
FHLB Stock		7,035		N/A
Loans, Net of Deferred Loan Fees & Allowance		1,130,061		1,162,261
Accrued Interest Receivable		6,368		6,368
Liabilities:
Deposits:
Demand		389,639		389,639
Interest-Bearing		1,236,558		1,237,849
FHLB Advances & Securities Sold Under Agreement to Repurchase		60,530		63,000
Subordinated Debentures		10,310		5,953
Accrued Interest Payable		911		911