Fair Values (Tables)

3 Months Ended

Mar. 31, 2014

Fair Values [Abstract]

Summary Of Assets And Liabilities Measured At Fair Value

Assets and liabilities measured at fair value are as follows as of March 31, 2014 (for purpose of this table the impaired loans are shown net of the related allowance):

(Dollars are in thousands)		Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
(On a recurring basis) Available-for-sale investments
U.S. Government Agencies	$	-	$	37,072	$	-
Mortgage backed securities		-		44,075		-
(On a non-recurring basis) Other real estate owned		-		-		14,858
Impaired loans:
Real estate secured:
Commercial		-		-		20,161
Construction and land development		-		-		723
Residential 1-4 family		-		-		6,906
Multifamily		-		-		554
Farmland		-		-		8,072
Commercial		-		-		838
Agriculture		-		-		72
Consumer installment loans		-		-		20
All other loans		-		-		-
Total	$	-	$	81,147	$	52,204

Assets and liabilities measured at fair value are as follows as of December 31, 2013 (for purpose of this table the impaired loans are shown net of the related allowance):

(Dollars are in thousands)		Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
(On a recurring basis) Available-for-sale investments
U.S. Government Agencies	$	-	$	38,601	$	-
Mortgage backed securities		-		40,525		-
(On a non-recurring basis) Other real estate owned		-		-		15,853
Impaired loans:
Real estate secured:
Commercial		-		-		19,957
Construction and land development		-		-		752
Residential 1-4 family		-		-		6,835
Multifamily		-		-		555
Farmland		-		-		7,989
Commercial		-		-		779
Agriculture		-		-		72
Consumer installment loans		-		-		31
All other loans		-		-		-
Total	$	-	$	79,126	$	52,823

Schedule Of Significant Unobservable Inputs In Level 3 Assets

For Level 3 assets measured at fair value on a recurring or non-recurring basis as of March 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows:
(Dollars in thousands)		Fair Value at March 31, 2014	Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Impaired Loans	$	37,346	Appraised Value/Discounted Cash Flows/Market Value of Note	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell	0 – 18%
Other Real Estate Owned	$	14,858	Appraised Value/Comparable Sales/Other Estimates from Independent Sources	Discounts to reflect current market conditions and estimated costs to sell	0 – 18%

Estimated Fair Value Of Financial Instruments

						Fair Value Measurements
(Dollars are in thousands)		Carrying Amount		Fair Value		Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
March 31, 2014
Financial Instruments – Assets
Net Loans	$	470,550	$	472,344	$	-	$	434,998	$	37,346
Financial Instruments – Liabilities
Time Deposits		339,754		341,163		-		341,163		-
FHLB Advances		5,058		5,058		-		5,058		-
December 31, 2013
Financial Instruments – Assets
Net Loans	$	479,943	$	482,285	$	-	$	445,315	$	36,970
Financial Instruments – Liabilities
Time Deposits		346,991		348,944		-		348,944		-
FHLB Advances		5,358		5,358		-		5,358		-