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FAIR VALUE MEASUREMENT (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value Of Interest Rate Lock Commitments Table [Text Block]
Interest rate lock commitments are measured at fair value on a recurring basis and classified as Level 3.
 
 
Successor
Company
 
 
Predecessor
Company
Interest Rate Lock Commitments Level 3
 
Three Months Ended
March 31, 2013
 
Period from February 1 to March 31, 2012
 
 
Period from January 1 to January 31, 2012
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
795

 
$
268

 
 
$
212

Issuances
 
1,227

 
386

 
 
134

Settlements
 
(1,526
)
 
(348
)
 
 
(78
)
Balance at end of period
 
$
496

 
$
306

 
 
$
268

Fair Value And Measurement Level Of Assets And Liabilities Table [Text Block]
The following tables summarize information about assets and liabilities measured at fair value.





















 
 
 
 
Fair Value Measurements at
 
 
 
 
March 31, 2013
 
 
Assets/(Liabilities)
Measured at
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
Securities available for sale:
 
 

 
 

 
 

 
 

Residential MBS
 
$
100,192

 
$
—

 
$
100,192

 
$
—

Commercial MBS
 
19,784

 
—

 
19,784

 
—

Corporate bonds
 
32,857

 
—

 
32,857

 
—

Municipal – non-taxable
 
601

 
—

 
601

 
—

Municipal – taxable
 
—

 
—

 
—

 
—

Other debt securities
 
1,121

 
—

 
1,121

 
—

Marketable equity securities
 
79

 
79

 
—

 
—

Impaired loans
 
5,470

 
—

 
—

 
5,470

Foreclosed assets
 
4,752

 
—

 
—

 
4,752

Interest rate lock commitments
 
496

 
—

 
—

 
496

Derivative assets
 
293

 
—

 
293

 
—

Derivative liabilities
 
(54
)
 
—

 
(54
)
 
—

 
 
 
 
 
Fair Value Measurements at
December 31, 2012
 
 
Assets/(Liabilities)
Measured at
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
Securities available for sale:
 
 

 
 

 
 

 
 

Residential MBS
 
$
76,777

 
$
—

 
$
76,777

 
$
—

Commercial MBS
 
6,885

 
—

 
6,885

 
—

Corporate bonds
 
32,508

 
—

 
32,508

 
—

Municipal – non-taxable
 
16,201

 
—

 
16,201

 
—

Municipal – taxable
 
2,725

 
—

 
2,725

 
—

Other debt securities
 
1,157

 
—

 
1,157

 
—

Marketable equity securities
 
58

 
58

 
—

 
—

Impaired loans
 
5,084

 
—

 
—

 
5,084

Foreclosed assets
 
5,837

 
—

 
—

 
5,837

Interest rate lock commitments
 
795

 
—

 
—

 
795

Derivative assets
 
210

 
—

 
—

 
—

Derivative liabilities
 
(103
)
 
—

 
(103
)
 
—

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
Quantitative Information about Level 3 Fair Value Measurements
 
 
Fair Value at
March 31, 2013
 
Valuation Technique
 
Unobservable Input
 
Range
Recurring measurements:
 
 

 
 
 
 
 
 
Interest rate lock commitments
 
$
496

 
Pricing model
 
Pull through rates
 
80-85%
 
 
 
 
 
 
 
 
 
Nonrecurring measurements:
 
 

 
 
 
 
 
 
Impaired loans
 
5,470

 
Discounted Appraisals
 
Collateral discounts
 
15-50%
Foreclosed assets
 
4,752

 
Discounted appraisals
 
Collateral discounts
 
15-50%
Fair Carrying Value And Measurement Level Of Financial Assets And Liabilities Table [Text Block]
The following tables summarize the carrying amounts and estimated fair values of the Company’s financial instruments.
 
 
March 31, 2013
 
 
 
 
 
 
 
 
Carrying
amount
 
Estimated
fair value
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
 
$
44,237

 
$
44,237

 
$
44,237

 
$
—

 
$
—

Investment securities available for sale
 
154,634

 
154,634

 
79

 
154,555

 
—

Investment securities held to maturity
 
194

 
408

 
—

 
—

 
408

Federal Home Loan Bank stock
 
2,382

 
2,382

 
—

 
2,382

 
—

Loans held for sale
 
8,671

 
8,671

 
—

 
8,671

 
—

Loans, net
 
789,096

 
794,105

 
—

 
—

 
794,105

Bank-owned life insurance
 
20,138

 
20,138

 
—

 
20,138

 
—

Interest rate caps
 
293

 
293

 
—

 
293

 
—

Accrued interest receivable
 
5,153

 
5,153

 
—

 
5,153

 
—

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 

 
 

 
 

 
 

 
 

Deposits
 
903,923

 
907,224

 
—

 
907,224

 
—

Short-term borrowings
 
6,000

 
5,987

 
—

 
—

 
5,987

Long-term debt
 
28,902

 
28,868

 
—

 
—

 
28,868

Interest rate swaps
 
54

 
54

 
—

 
54

 
—

Accrued interest payable
 
466

 
466

 
—

 
466

 
—

 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
Carrying
amount
 
Estimated
fair value
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 

 
 

 
 
 
 
 
 
Cash and cash equivalents
 
$
50,463

 
$
50,463

 
$
50,463

 
$
—

 
$
—

Investment securities available for sale
 
136,311

 
136,311

 
58

 
136,253

 
—

Investment securities held to maturity
 
180

 
410

 
—

 
—

 
410

Federal Home Loan Bank stock
 
2,307

 
2,307

 
—

 
2,307

 
—

Loans held for sale
 
16,439

 
16,439

 
—

 
16,439

 
—

Loans, net
 
759,418

 
763,572

 
—

 
—

 
763,572

Bank-owned life insurance
 
19,976

 
19,976

 
—

 
19,976

 
—

Interest rate caps
 
210

 
210

 
—

 
210

 
—

Accrued interest receivable
 
5,154

 
5,154

 
—

 
5,154

 
—

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 

 
 

 
 
 
 
 
 
Deposits
 
873,222

 
876,674

 
—

 
876,674

 
—

Short-term borrowings
 
7,500

 
7,456

 
—

 
—

 
7,456

Long-term debt
 
19,864

 
19,821

 
—

 
—

 
19,821

Interest rate swaps
 
258

 
258

 
—

 
258

 
—

Accrued interest payable
 
476

 
476

 
—

 
476

 
—