7. Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Schedule Of Fair Value Assets On Recurring Basis

Assets measured at fair value on a recurring basis and reflected in the consolidated balance sheets at the dates presented, segregated by fair value hierarchy, are summarized below:

March 31, 2013	Level 1		Level 2		Total
Assets: (market approach)
U.S. GSE debt securities	$	0	$	38,919,258	$	38,919,258
U.S. Government securities		7,091,055		0		7,091,055
December 31, 2012
Assets: (market approach)
U.S. GSE debt securities	$	0	$	33,785,469	$	33,785,469
U.S. Government securities		7,100,590		0		7,100,590
March 31, 2012
Assets: (market approach)
U.S. GSE debt securities	$	0	$	65,901,148	$	65,901,148
U.S. Government securities		7,050,730		0		7,050,730
U.S GSE preferred stock		84,060		0		84,060

Schedule of Fair Value Assets Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis and reflected in the consolidated balance sheets at the dates presented, segregated by fair value hierarchy, are summarized below:

March 31, 2013	Level 2
Assets: (market approach)
Residential mortgage servicing rights	$	1,046,252
Impaired loans, net of related allowance		840,524
OREO		879,705
December 31, 2012
Assets: (market approach)
Residential mortgage servicing rights	$	1,009,623
Impaired loans, net of related allowance		737,274
OREO		1,074,705
March 31, 2012
Assets: (market approach)
Residential mortgage servicing rights	$	1,069,417
Impaired loans, net of related allowance		3,573,885
OREO		220,493

Schedule Of Estimated Fair Values Of Financial Instruments

The estimated fair values of the Company's financial instruments were as follows:

March 31, 2013	Carrying		Fair		Fair		Fair		Fair
	Amount		Value		Value		Value		Value
	(Dollars in Thousands)
Financial assets:			Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	8,702	$	8,702	$	0	$	0	$	8,702
Securities held-to-maturity		42,381		0		42,733		0		42,733
Securities available-for-sale		46,010		7,091		38,919		0		46,010
Restricted equity securities		3,633		0		3,633		0		3,633
Loans and loans held-for-sale
Commercial & industrial		51,044		0		0		51,670		51,670
Commercial real estate		138,784		0		0		139,479		139,479
Residential real estate - 1st lien		173,379		0		0		178,895		178,895
Residential real estate - Jr lien		45,913		0		0		46,590		46,590
Consumer		9,696		0		0		10,090		10,090
Mortgage servicing rights		1,046		0		1,046		0		1,046
Accrued interest receivable		1,971		0		1,971		0		1,971
Financial liabilities:
Deposits
Other deposits		446,782		0		448,797		0		448,797
Brokered deposits		17,480		0		17,492		0		17,492
Federal funds purchased and short-term borrowings		7,845		0		7,845		0		7,845
Long-term borrowings		0		0		0		0		0
Repurchase agreements		28,624		0		28,624		0		28,624
Capital lease obligations		759		0		759		0		759
Subordinated debentures		12,887		0		12,880		0		12,880
Accrued interest payable		83		0		83		0		83

December 31, 2012	Carrying		Fair		Fair		Fair		Fair
	Amount		Value		Value		Value		Value
	(Dollars in Thousands)
Financial assets:			Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	29,882	$	29,882	$	0	$	0	$	29,882
Securities held-to-maturity		41,866		0		42,291		0		42,291
Securities available-for-sale		40,886		7,101		33,785		0		40,886
Restricted equity securities		4,021		0		4,021		0		4,021
Loans and loans held-for-sale
Commercial & industrial		49,284		0		0		49,876		49,876
Commercial real estate		139,808		0		0		140,938		140,938
Residential real estate - 1st lien		171,115		0		0		177,201		177,201
Residential real estate - Jr lien		47,029		0		0		47,794		47,794
Consumer		10,642		0		0		11,079		11,079
Mortgage servicing rights		1,010		0		1,010		0		1,010
Accrued interest receivable		1,751		0		1,751		0		1,751
Financial liabilities:
Deposits
Other deposits		460,939		0		463,168		0		463,168
Brokered deposits		14,558		0		14,559		0		14,559
Federal funds purchased and short-term borrowings		0		0		0		0		0
Long-term borrowings		6,000		0		6,004		0		6,004
Repurchase agreements		34,150		0		34,150		0		34,150
Capital lease obligations		775		0		775		0		775
Subordinated debentures		12,887		0		13,158		0		13,158
Accrued interest payable		93		0		93		0		93

March 31, 2012	Carrying		Fair		Fair		Fair		Fair
	Amount		Value		Value		Value		Value
	(Dollars in Thousands)
Financial assets:			Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	8,985	$	8,985	$	0	$	0	$	8,985
Securities held-to-maturity		33,563		0		34,168		0		34,168
Securities available-for-sale		73,036		7,135		65,901		0		73,036
Restricted equity securities		4,021		0		4,021		0		4,021
Loans and loans held-for-sale
Commercial & industrial		46,456		0		0		47,093		47,093
Commercial real estate		130,920		0		0		132,599		132,599
Residential real estate - 1st lien		164,106		0		0		170,681		170,681
Residential real estate - Jr lien		45,346		0		0		46,234		46,234
Consumer		11,001		0		0		11,438		11,438
Mortgage servicing rights		1,069		0		1,069		0		1,069
Accrued interest receivable		1,846		0		1,846		0		1,846
Financial liabilities:
Deposits
Other deposits		428,467		0		431,115		0		431,115
Brokered deposits		25,526		0		25,546		0		25,546
Federal funds purchased and short-term borrowings		8,760		0		8,760		0		8,760
Long-term borrowings		12,010		0		12,383		0		12,383
Repurchase agreements		24,770		0		24,770		0		24,770
Capital lease obligations		818		0		818		0		818
Subordinated debentures		12,887		0		12,361		0		12,361
Accrued interest payable		138		0		138		0		138