XML 30 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 18 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
         
Fair Value Measurements Using
 
(In thousands)
 
 
Available For Sale Investment Securities
 
Fair Value
   
Quoted Prices in Active Markets for Identical Assets
(Level 1)
   
Significant Other Observable Inputs
(Level 2)
   
Significant Unobservable Inputs
(Level 3)
 
                         
December 31, 2012
                       
Obligations of U.S. government-sponsored entities
  $ 76,095     $ -     $ 76,095     $ -  
Obligations of states and political subdivisions
    118,755       -       118,755       -  
Mortgage-backed securities – residential
    370,439       -       370,439       -  
Corporate debt securities
    5,826       -       5,826       -  
Mutual funds and equity securities
    1,993       1,993       -       -  
Total
  $ 573,108     $ 1,993     $ 571,115     $ -  
                                 
December 31, 2011
                               
Obligations of U.S. government-sponsored entities
  $ 96,163     $ -     $ 96,163     $ -  
Obligations of states and political subdivisions
    84,619       -       84,619       -  
Mortgage-backed securities – residential
    408,863       -       408,863       -  
Mortgage-backed securities – commercial
    209       -       209       -  
Corporate debt securities
    6,364       -       6,364       -  
Mutual funds and equity securities
    1,601       1,601       -       -  
Total
  $ 597,819     $ 1,601     $ 596,218     $ -  
Fair Value Measurements, Nonrecurring [Table Text Block]
         
Fair Value Measurements Using
 
(In thousands)
 
 
Description
 
Fair Value
   
Quoted Prices in Active Markets for Identical Assets
(Level 1)
   
Significant Other Observable Inputs
(Level 2)
   
Significant Unobservable Inputs
(Level 3)
 
December 31, 2012
                       
Impaired Loans
                       
Real estate - construction and land development
  $ 17,921     $ -     $ -     $ 17,921  
Real estate mortgage - residential
    2,273       -       -       2,273  
Real estate mortgage - farmland and other commercial enterprises
    3,523       -       -       3,523  
Commercial and industrial
    9       -       -       9  
Consumer - secured
    4       -       -       4  
Consumer - unsecured
    113       -       -       113  
Total
  $ 23,843     $ -     $ -     $ 23,843  
                                 
OREO
                               
Real estate - construction and land development
  $ 15,873     $ -     $ -     $ 15,873  
Real estate mortgage - residential
    1,483       -       -       1,483  
Real estate mortgage - farmland and other commercial enterprises
    3,826       -       -       3,826  
Total
  $ 21,182     $ -     $ -     $ 21,182  
         
Fair Value Measurements Using
 
(In thousands)
 
 
 
Description
 
Fair Value
   
Quoted Prices in Active Markets for Identical Assets
(Level 1)
   
Significant Other Observable Inputs
(Level 2)
   
Significant Unobservable Inputs
(Level 3)
 
December 31, 2011
                       
Impaired Loans
                       
Real estate - construction and land development
  $ 18,636     $ -     $ -     $ 18,636  
Real estate mortgage - residential
    6,824       -       -       6,824  
Real estate mortgage - farmland and other commercial enterprises
    14,264       -       -       14,264  
Commercial and industrial
    293       -       -       293  
Consumer
    47       -       -       47  
Total
  $ 40,064     $ -     $ -     $ 40,064  
                                 
OREO
                               
Real estate - construction and land development
  $ 8,826     $ -     $ -     $ 8,826  
Real estate mortgage - residential
    1,217       -       -       1,217  
Real estate mortgage - farmland and other commercial enterprises
    4,785       -       -       4,785  
Total
  $ 14,828     $ -     $ -     $ 14,828  
Asset Impairment Charges [Text Block]
(In thousands)
Years Ended December 31,
 
2012
   
2011
 
Impaired loans
  $ 4,755     $ 4,255  
OREO
    3,120       4,901  
Total
  $ 7,875     $ 9,156  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
(In thousands)
 
Fair Value at
 December 31, 2012
 
Valuation Technique
Unobservable Inputs
 
Range
   
Weighted Average
 
Impaired loans
  $ 23,843  
Discounted appraisals
Marketability discount
  .8% - 32.0%       8.7 %
OREO
  $ 21,182  
Discounted appraisals
Marketability discount
  .3% -  71.4%       7.6 %
Fair Value, by Balance Sheet Grouping [Table Text Block]
               
Fair Value Measurements Using
 
(In thousands)
 
Carrying
Amount
   
Fair
Value
   
Quoted Prices in Active Markets for Identical Assets
(Level 1)
   
Significant Other Observable Inputs
(Level 2)
   
Significant Unobservable Inputs
(Level 3)
 
December 31, 2012
                             
Assets
                             
Cash and cash equivalents
  $ 95,855     $ 95,855     $ 95,855     $ -     $ -  
Held to maturity investment securities
    820       956       -       956       -  
Loans, net
    980,550       979,301       -       -       979,301  
Accrued interest receivable
    6,074       6,074       -       6,074       -  
Federal Home Loan Bank and Federal Reserve Bank Stock
    9,516       N/A       -       -       -  
                                         
Liabilities
                                       
Deposits
    1,410,810       1,414,395       870,145       -       544,250  
Federal funds purchased and other short-term borrowings
    24,083       24,083       -       24,083       -  
Securities sold under agreements to repurchase and other long-term borrowings
    129,297       148,680       -       148,680       -  
Subordinated notes payable to unconsolidated trusts
    48,970       21,015       -       -       21,015  
Accrued interest payable
    1,370       1,370       -       1,370       -  
                                         
December 31, 2011
                                       
Assets
                                       
Cash and cash equivalents
  $ 94,309     $ 94,309     $ 94,309     $ -     $ -  
Held to maturity investment securities
    875       974       -       974       -  
Loans, net
    1,043,844       1,043,824       -       -       1,043,824  
Accrued interest receivable
    6,619       6,619       -       6,619       -  
Federal Home Loan Bank and Federal Reserve Bank Stock
    9,516       N/A       -       -       -  
                                         
Liabilities
                                       
Deposits
    1,435,065       1,441,490       787,396       -       654,094  
Federal funds purchased and other short-term borrowings
    27,022       27,022       -       27,022       -  
Securities sold under agreements to repurchase and other long-term borrowings
    190,694       212,176       -       212,176       -  
Subordinated notes payable to unconsolidated trusts
    48,970       20,982       -       -       20,982  
Accrued interest payable
    2,375       2,375       -       2,375       -