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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