Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Measurements

Schedule of assets reported on the balance sheet at their fair value on a recurring basis

	June 30, 2013
(In Thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Investment securities, available for sale:
U.S. Government and agency securities	$	—	$	32,514	$	—	$	32,514
State and political securities	—		164,401		—		164,401
Other debt securities	—		102,314		—		102,314
Financial institution equity securities	11,321		—		—		11,321
Other equity securities	739		—		—		739
Total assets measured on a recurring basis	$	12,060	$	299,229	$	—	$	311,289

	December 31, 2012
(In Thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Investment securities, available for sale:
U.S. Government and agency securities	$	—	$	25,840	$	—	$	25,840
State and political securities	—		180,224		—		180,224
Other debt securities	—		71,599		—		71,599
Financial institution equity securities	9,548		—		—		9,548
Other equity securities	2,105		—		—		2,105
Total assets measured on a recurring basis	$	11,653	$	277,663	$	—	$	289,316

Schedule of assets reported on the consolidated balance sheet at their fair value on a non-recurring basis

	June 30, 2013
(In Thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Impaired loans	$	—	$	—	$	9,478	$	9,478
Other real estate owned	—		—		1,560		1,560
Total assets measured on a non-recurring basis	$	—	$	—	$	11,038	$	11,038

	December 31, 2012
(In Thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Impaired loans	$	—	$	—	$	14,435	$	14,435
Other real estate owned	—		—		1,449		1,449
Total assets measured on a non-recurring basis	$	—	$	—	$	15,884	$	15,884

Schedule of listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques

	June 30, 2013
	Quantitative Information About Level III Fair Value Measurements
(In Thousands)	Fair Value		Valuation Technique(s)	Unobservable Inputs	Range	Weighted Average
Impaired loans	$	9,478	Discounted cash flow	Temporary reduction in payment amount	0 to -100%	-27%
				Probability of default	0%
			Appraisal of collateral	Appraisal adjustments (1)	0 to -44%	-15%
Other real estate owned	$	1,560	Appraisal of collateral (1)

(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

	December 31, 2012
	Quantitative Information About Level III Fair Value Measurements
(In Thousands)	Fair Value		Valuation Technique(s)	Unobservable Inputs	Range	Weighted Average
Impaired loans	$	14,435	Discounted cash flow	Temporary reduction in payment amount	0 to -55%	-27%
				Probability of default	0%
			Appraisal of collateral	Appraisal adjustments (1)	0 to -20%	-11%
Other real estate owned	$	1,449	Appraisal of collateral (1)

(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.