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Fair Value (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis


				Fair Value Measurements at December 31, 2011 Using
						Significant
				Quoted Prices in		Other		Significant
				Active Markets for		Observable		Unobservable
		Carrying		Identical Assets		Inputs		Inputs
(dollars in thousands)		Value		(Level 1)		(Level 2)		(Level 3)

Financial Assets
Trading securities	$	2,816	$	2,816	$	0	$	0
Investment securities available-for-sale:
U.S. Treasury		65,769		65,769		0		0
U.S. Government-sponsored entities and agencies		173,185		0		173,185		0
Mortgage-backed securities - Agency		1,182,255		0		1,182,255		0
Mortgage-backed securities - Non-agency		85,900		0		85,900		0
States and political subdivisions		402,844		0		401,538		1,306
Pooled trust preferred securities		7,327		0		0		7,327
Other securities		153,996		0		153,996		0
Residential loans held for sale		4,528		0		4,528		0
Derivative assets		44,415		0		44,415		0
Financial Liabilities
Derivative liabilities		37,332		0		37,332		0


				Fair Value Measurements at December 31, 2010 Using
						Significant
				Quoted Prices in		Other		Significant
				Active Markets for		Observable		Unobservable
		Carrying		Identical Assets		Inputs		Inputs
(dollars in thousands)		Value		(Level 1)		(Level 2)		(Level 3)

Financial Assets
Investment securities available-for-sale:
U.S. Treasury	$	62,550	$	62,550	$	0	$	0
U.S. Government-sponsored entities and agencies		315,133		0		315,133		0
Mortgage-backed securities - Agency		944,446		0		944,446		0
Mortgage-backed securities - Non-agency		126,806		0		126,806		0
States and political subdivisions		348,924		0		348,924		0
Pooled trust preferred securities		8,400		0		0		8,400
Other securities		153,963		0		153,963		0
Residential loans held for sale		3,819		0		3,819		0
Derivative assets		34,082		0		34,082		0
Financial Liabilities
Derivative liabilities		29,721		0		29,721		0

Reconciliation Of All Assets Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs (Level 3)


		Fair Value Measurements using
		Significant Unobservable Inputs
		(Level 3)
		Pooled Trust Preferred			State and
		Securities Available-			Political
(dollars in thousands)		for-Sale			Subdivisions
Beginning balance, January 1, 2011	$	8,400		$	0
Accretion/(amortization) of discount or premium		(72	)		0
Payments received		(992	)		0
Credit loss write-downs		(888	)		0
Increase/(decrease) in fair value of securities		879			0
Transfer in at December 31		0			1,306
Ending balance, December 31, 2011	$	7,327		$	1,306


		Fair Value Measurements
		using Significant
		Unobservable Inputs
		(Level 3)
		Pooled Trust Preferred
		Securities Available-
(dollars in thousands)		for-Sale
Beginning balance, January 1, 2010	$	12,398
Accretion/(amortization) of discount or premium		(101	)
Payments received		(163	)
Credit loss write-downs		(930	)
Increase/(decrease) in fair value of securities		(2,804	)
Ending balance, December 31, 2010	$	8,400

Assets Measured At Fair Value On A Non-Recurring Basis


			Fair Value Measurements at December 31, 2011 Using
				Significant
			Quoted Prices in	Other		Significant
			Active Markets for	Observable		Unobservable
		Carrying	Identical Assets	Inputs		Inputs
(dollars in thousands)		Value	(Level 1)	(Level 2)		(Level 3)
Collateral Dependent Impaired Loans
Commercial loans	$	23,150	0	0	$	23,150
Commercial real estate loans		14,894	0	0		14,894


			Fair Value Measurements at December 31, 2010 Using
				Significant
			Quoted Prices in	Other			Significant
			Active Markets for	Observable			Unobservable
		Carrying	Identical Assets	Inputs			Inputs
(dollars in thousands)		Value	(Level 1)	(Level 2)			(Level 3)
Collateral Dependent Impaired Loans
Commercial loans	$	14,721		0	0	$	14,721
Commercial real estate loans		8,112		0	0		8,112

Schedule Of Difference Between The Aggregate Fair Value And The Aggregate Remaining Principal Balance


		Aggregate				Contractual
(dollars in thousands)		Fair Value		Difference		Principal
Residential loans held for sale	$	4,528	$	99	$	4,429

The following table presents the amount of gains and losses from fair value changes included in income before income taxes for financial assets carried at fair value for the twelve months ended December 31, 2011:


Changes in Fair Value for the Twelve Months ended December 31, 2011, for Items
Measured at Fair Value Pursuant to Election of the Fair Value Option
								Total Changes
								in Fair Values
		Other						Included in
		Gains and		Interest		Interest		Current Period
(dollars in thousands)		(Losses)		Income		(Expense)		Earnings
Residential loans held for sale	$	120	$	0	$	(1	)	$ 119

Changes In Fair Value For Items Measured At Fair Value Pursuant To Election Of The Fair Value


		Aggregate					Contractual
(dollars in thousands)		Fair Value		Difference			Principal
Residential loans held for sale	$	3,819	$	(20	)	$	3,839


Changes in Fair Value for the Twelve Months ended December 31, 2010, for Items
Measured at Fair Value Pursuant to Election of the Fair Value Option

								Total Changes
								in Fair Values
		Other						Included in
		Gains and			Interest		Interest	Current Period
(dollars in thousands)		(Losses)			Income		(Expense)	Earnings
Residential loans held for sale	$	(306	)	$	2	$	0	$ (304)

Carrying Amounts And Estimated Fair Values Of Financial Instruments, Not Previously Presented


		Carrying		Fair
(dollars in thousands)		Value		Value

2011
Financial Assets
Cash, due from banks, federal funds sold
and money market investments	$	222,872	$	222,872
Investment securities held-to-maturity:
U.S. Government-sponsored entities and agencies		177,159		188,593
Mortgage-backed securities - Agency		84,075		87,380
State and political subdivisions		216,345		224,717
Other securities		7,011		7,009
Federal Home Loan Bank stock		30,835		30,835
Loans, net (including covered loans)
Commercial		1,321,445		1,366,316
Commercial real estate		1,366,311		1,421,941
Residential real estate		1,038,280		1,124,222
Consumer credit		983,107		1,014,807
FDIC indemnification asset		147,566		142,078
Accrued interest receivable		44,801		44,801

Financial Liabilities
Deposits:
Noninterest-bearing demand deposits	$	1,728,546	$	1,728,546
NOW, savings and money market deposits		3,435,353		3,435,353
Time deposits		1,447,664		1,481,854
Short-term borrowings
Federal funds purchased		103,010		103,010
Repurchase agreements		321,725		321,722
Other short-term borrowings		114		114
Other borrowings:
Junior subordinated debentures		16,000		12,697
Subordinated notes		13,000		12,999
Repurchase agreements		50,000		54,484
Federal Home Loan Bank advances		208,360		225,711
Capital lease obligation		4,261		5,079
Accrued interest payable		5,239		5,239
Standby letters of credit		431		431

Off-Balance Sheet Financial Instruments
Commitments to extend credit	$	0	$	1,720


		Carrying		Fair
(dollars in thousands)		Value		Value
2010
Financial Assets
Cash, due from banks, federal funds sold
and money market investments	$	251,552	$	251,552
Investment securities held-to-maturity:
U.S. Government-sponsored entities and agencies		303,265		301,809
Mortgage-backed securities - Agency		117,013		119,080
State and political subdivisions		217,381		204,379
Other securities		551		375
Federal Home Loan Bank stock		31,937		31,937
Loans, net (including impaired loans)
Commercial		1,185,194		1,220,464
Commercial real estate		909,742		952,885
Residential real estate		662,396		710,865
Consumer credit		913,810		969,263
Accrued interest receivable		42,971		42,971

Financial Liabilities
Deposits:
Noninterest-bearing demand deposits	$	1,276,024	$	1,276,024
NOW, savings and money market deposits		2,711,644		2,711,644
Time deposits		1,475,257		1,520,093
Short-term borrowings
Federal funds purchased		1,663		1,663
Repurchase agreements		287,414		287,416
Other short-term borrowings		9,155		9,155
Other borrowings:
Junior subordinated debentures		8,000		7,998
Repurchase agreements		50,000		54,104
Federal Home Loan Bank advances		211,696		220,531
Subordinated bank notes		150,000		154,420
Capital lease obligation		4,307		5,138
Accrued interest payable		7,860		7,860
Standby letters of credit		518		518

Off-Balance Sheet Financial Instruments
Commitments to extend credit	$	0	$	1,311

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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