NOTE 13 - FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

	As of March 31, 2013
	Fair Value		Level 1		Level 2		Level 3
Available-for-sale securities:
Obligations of U.S. government sponsored agencies	$	24,707	$	—	$	24,707	$	—
Obligations of state and political subdivisions		8,632		—		8,632		—
Government sponsored agency mortgage-backed securities		242,416		—		242,416		—
Corporate debt securities		4,875		—		4,875		—
Equity securities		3,091		—		3,091		—
	$	283,721	$	—	$	283,721	$	—

	At December 31, 2012
	Fair Value		Level 1		Level 2		Level 3
Available-for-sale securities:
Obligations of U.S. government sponsored agencies	$	21,118	$	—	$	21,118	$	—
Obligations of state and political subdivisions		11,197		—		11,197		—
Government sponsored agency mortgage-backed securities		245,631		—		245,631		—
Corporate debt securities		4,756		—		4,756		—
Equity securities		3,113		—		3,113		—
	$	285,815	$	—	$	285,815	$	—

Schedule of level of valuation assumptions used to determine each adjustment and the carrying value of related assets

					Total Losses
	As of March 31, 2013								For three months ended March 31,
	Fair Value		Level 1		Level 2		Level 3		2013		2012
Impaired loans:
Commercial	$	226	$	—	$	—	$	226	$	287	$	199
Real estate - commercial		1,067		—		—		1,067		437		179
Real estate - construction		450		—		—		450		357		211
Real estate - mortgage		164		—		—		164		86		9
Real estate - other		—		—		—		—		—		34
OREO:
Real estate - commercial		3,192		—		—		3,192		215		275
Real estate - construction		138		—		—		138		46		46
Real estate - mortgage		—		—		—		—		—		75
Total assets measured at fair value on a nonrecurring basis	$	5,237	$	—	$	—	$	5,237	$	1,428	$	1,028

	As of December 31, 2012
	Fair Value		Level 1		Level 2		Level 3
Impaired loans:
Commercial	$	585	$	—	$	—	$	585
Real estate - commercial		2,222		—		—		2,222
Real estate - construction		143		—		—		143
Real estate - mortgage		464		—		—		464
Installment		75		—		—		75
Other		25		—		—		25
OREO:
Real estate - construction		7,360		—		—		7,360
Real estate - mortgage		184		—		—		184
Total assets measured at fair value on a nonrecurring basis	$	11,058	$	—	$	—	$	11,058

Schedule of quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis

As of March 31, 2013

					Range (Weighted
	Fair Value		Valuation Techniques	Unobservable Inputs	Average)
Impaired loans:
Real estate - commercial	$	1,067	Comparable sales approach	Discount adjustment for differences between comparable sales	6% to 11% (9%)
Real estate - construction	$	450	Comparable sales approach	Discount adjustment for differences between comparable sales	2% to 3% (3%)
Real estate - mortgage	$	164	Comparable sales approach	Discount adjustment for differences between comparable sales	6% to 11% (9%)
OREO:
Real estate - commercial	$	3,192	Comparable sales approach	Discount adjustment for differences between comparable sales	6% to 11% (9%)
Real estate - construction	$	138	Comparable sales approach	Discount adjustment for differences between comparable sales	0% to 6% (6%)

As of December 31, 2012

					Range (Weighted
	Fair Value		Valuation Techniques	Unobservable Inputs	Average)
Impaired loans:
Real estate - commercial	$	2,222	Comparable sales approach	Discount adjustment for differences between comparable sales	6% to 11% (9%)
Real estate - construction	$	143	Comparable sales approach	Discount adjustment for differences between comparable sales	2% to 3% (3%)
Real estate - mortgage	$	464	Comparable sales approach	Discount adjustment for differences between comparable sales	6% to 11% (9%)
OREO:
Real estate - construction	$	7,360	Comparable sales approach	Discount adjustment for differences between comparable sales	0% to 6% (6%)
Real estate - mortgage	$	184	Comparable sales approach	Discount adjustment for differences between comparable sales	6% to 11% (9%)

Schedule of estimated fair values of financial instruments

			Fair Value Measurements at
			March 31, 2013, Using
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS
Cash and due from banks	$	15,890	$	15,890	$	—	$	—	$	15,890
Federal funds sold		35,925		35,925		—		—		35,925
Time deposits at other financial institutions		2,219		—		2,219		—		2,219
FHLB, FRB and other securities		8,313		—		—		—		N/A
Securities:
Available-for-sale		283,721		—		283,721		—		283,721
Held-to-maturity		6		—		6		—		6
Loans		478,955		—		—		495,150		495,150
Accrued interest receivable		2,182		—		730		1,452		2,182
FINANCIAL LIABILITIES
Deposits:
Nonmaturity deposits	$	613,435	$	613,435	$	—	$	—	$	613,435
Time deposits		162,485		—		162,833		—		162,833
Subordinated debentures		21,651		—		—		8,720		8,720
Accrued interest payable		121		4		39		78		121

			Fair Value Measurements at
			December 31, 2012, Using
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS
Cash and due from banks	$	22,654	$	22,654	$	—	$	—	$	22,654
Federal funds sold		15,865		15,865		—		—		15,865
Time deposits at other financial institutions		2,219		—		2,219		—		2,219
FHLB, FRB and other securities		8,313		—		—		—		N/A
Securities:
Available-for-sale		285,815		—		285,815		—		285,815
Held-to-maturity		6		—		6		—		6
Loans		481,753		—		—		500,689		500,689
Accrued interest receivable		2,217		—		767		1,450		2,217
FINANCIAL LIABILITIES
Deposits:
Nonmaturity deposits	$	596,204	$	596,204	$	—	$	—	$	596,204
Time deposits		172,376		—		172,805		—		172,805
Subordinated debentures		21,651		—		—		9,018		9,018
Accrued interest payable		136		2		54		80		136