FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of information about assets and liabilities measured at fair value

The following table provides the components of the change in fair value of interest rate lock commitments for the periods presented.



	Successor Company						Successor Company						Predecessor Company
Interest Rate Lock Commitments	Three Months Ended September 30, 2013			Three Months Ended September 30, 2012			Nine Months Ended September 30, 2013			Period from February 1 to September 30, 2012			Period from January 1 to January 31, 2012

Balance at beginning of period	$	648		$	603		$	795		$	268		$	212
Issuances	213			865			2,403			1,681			134
Settlements	(494		)	(654		)	(2,831		)	(1,135		)	(78		)
Balance at end of period	$	367		$	814		$	367		$	814		$	268

Schedule of components of change in fair value of interest rate lock commitments

The following tables summarize information about assets and liabilities measured at fair value.



			Fair Value Measurements at
			September 30, 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:
U.S. government-sponsored enterprise securities	$	14,716	$	—	$	14,716	$	—
SBA-guaranteed securities	68,169		—		68,169		—
Residential MBS	214,503		—		214,503		—
Corporate bonds	98,537		—		98,537		—
Commercial MBS	6,050		—		6,050		—
Municipal obligations – non-taxable	601		—		601		—
Other debt securities	253		—		253		—
Marketable equity securities	1,071		1,071		—		—
Impaired loans	6,285		—		—		6,285
Foreclosed assets	11,806		—		—		11,806
Interest rate lock commitments	367		—		—		367
Derivative assets	3,610		—		3,610		—



				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		$	—
Corporate bonds	32,508			—		32,508			—
Commercial MBS	6,885			—		6,885			—
Municipal obligations – non-taxable	16,201			—		16,201			—
Municipal obligations – 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			—		210			—
Derivative liabilities	(103		)	—		(103		)	—

Quantitative Information about Level 3 Fair Value Measurements

The table below outlines the valuation techniques, unobservable inputs, and the range of quantitative inputs used in the valuations. No changes have been mode to any of these factors from December 31, 2012.



	Valuation Technique	Unobservable Input	Range
Recurring measurements:
Interest rate lock commitments	Pricing model	Pull through rates	80-85%

Nonrecurring measurements:
Impaired loans	Discounted appraisals	Collateral discounts	15-50%
Foreclosed assets	Discounted appraisals	Collateral discounts	15-50%

Schedule of carrying amounts and estimated fair values of financial instruments

The following tables summarize the carrying amounts and estimated fair values of the Company's financial instruments.



	September 30, 2013
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	85,635	$	85,635	$	85,635	$	—	$	—
Investment securities available for sale	403,900		403,900		1,071		402,829		—
Investment securities held to maturity	208		496		—		—		496
Loans held for sale	7,349		7,349		—		7,349		—
Loans, net	1,346,326		1,338,988		—		—		1,338,988
Federal Home Loan Bank stock	8,029		8,029		—		8,029		—
Bank-owned life insurance	32,896		32,896		—		32,896		—
Derivative assets	3,977		3,977		—		3,977		—
Accrued interest receivable	4,974		4,974		—		4,974		—

Financial liabilities:
Deposits	1,622,539		1,626,505		—		1,626,505		—
Short-term borrowings	100,500		100,647		—		—		100,647
Long-term debt	75,880		75,894		—		—		75,894
Accrued interest payable	650		650		—		650		—



	December 31, 2012
	Carrying Amount		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
Loans held for sale	16,439		16,439		—		16,439		—
Loans, net	759,418		763,572		—		—		763,572
Federal Home Loan Bank stock	2,307		2,307		—		2,307		—
Bank-owned life insurance	19,976		19,976		—		19,976		—
Derivative assets	1,005		1,005		—		1,005		—
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
Derivative liabilities	103		103		—		103		—
Accrued interest payable	476		476		—		476		—