Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value of Financial Instruments

Schedule of assets and liabilities measured at fair value on a recurring basis

	As of March 31, 2013
(dollars in thousands)	Total			Level 1		Level 2			Level 3
Securities available for sale	$	274,603		$	—	$	274,603		$	—
Cash flow hedge	(1,615		)	—		(1,615		)	—
Warrant portfolio	424			—		—			424
Total	$	273,412		$	—	$	272,988		$	424

	As of December 31, 2012
	Total			Level 1		Level 2			Level 3
Securities available for sale	$	251,967		$	—	$	251,967		$	—
Cash flow hedge	(1,784		)	—		(1,784		)	—
Warrant portfolio	418			—		—			418
Total	$	250,601		$	—	$	250,183		$	418

Schedule of carrying amount and estimated fair value of certain assets and liabilities

	March 31, 2013				December 31, 2012
	Carrying		Fair		Carrying		Fair
(dollars in thousands)	Value		Value		Value		Value
Financial assets:
Cash and due from banks	$	23,023	$	23,023	$	17,251	$	17,251
Federal funds sold	42,030		42,030		113,790		113,790
Interest bearing deposits in other banks	326		326		335		335
Investments securities	289,054		288,964		267,204		267,574
Loans and leases, net of unearned fees	950,462		950,587		905,523		906,228
Bank owned life insurance	16,098		16,098		15,954		15,954
Financial liabilities:
Deposits	1,166,280		1,164,066		1,162,548		1,158,518
Trust preferred securities	17,527		17,860		17,527		17,588
Other borrowings	—		—		—		—
Cash flow hedge	1,615		1,615		1,784		1,784