7. Fair Value (Tables)

6 Months Ended

Jun. 30, 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:

June 30, 2013	Level 1		Level 2		Total
Assets: (market approach)
U.S. GSE debt securities	$	0	$	37,538,725	$	37,538,725
U.S. Government securities		7,060,977		0		7,060,977
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
June 30, 2012
Assets: (market approach)
U.S. GSE debt securities	$	0	$	52,929,621	$	52,929,621
U.S. Government securities		7,058,909		0		7,058,909
U.S GSE preferred stock		113,325		0		113,325

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:

June 30, 2013	Level 2
Assets: (market approach)
Residential mortgage servicing rights	$	1,136,592
Impaired loans, net of related allowance		648,834
OREO		2,171,621
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
June 30, 2012
Assets: (market approach)
Residential mortgage servicing rights	$	1,052,193
Impaired loans, net of related allowance		1,885,819
OREO		1,010,198

Schedule Of Estimated Fair Values Of Financial Instruments

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

June 30, 2013	Carrying		Fair		Fair		Fair		Fair
	Amount		Value		Value		Value		Value
			Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and cash equivalents	$	15,282	$	15,282	$	0	$	0	$	15,282
Securities held-to-maturity		24,106		0		24,468		0		24,468
Securities available-for-sale		44,600		7,061		37,539		0		44,600
Restricted equity securities		3,633		0		3,633		0		3,633
Loans and loans held-for-sale
Commercial & industrial		57,060		0		305		57,740		58,045
Commercial real estate		136,884		0		1,039		137,558		138,597
Residential real estate - 1st lien		173,272		0		1,245		177,208		178,453
Residential real estate - Jr lien		44,705		0		258		45,370		45,628
Consumer		9,369		0		0		9,851		9,851
Mortgage servicing rights		1,137		0		1,137		0		1,137
Accrued interest receivable		1,748		0		1,748		0		1,748
Financial liabilities:
Deposits
Other deposits		423,076		0		424,397		0		424,397
Brokered deposits		21,383		0		21,392		0		21,392
Federal funds purchased and short term-borrowings		22,055		0		22,055		0		22,055
Repurchase agreements		27,397		0		27,397		0		27,397
Capital lease obligations		744		0		744		0		744
Subordinated debentures		12,887		0		12,874		0		12,874
Accrued interest payable		75		0		75		0		75

December 31, 2012	Carrying		Fair		Fair		Fair		Fair
	Amount		Value		Value		Value		Value
			Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
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		48,819		0		435		49,441		49,876
Commercial real estate		138,166		0		1,763		139,175		140,938
Residential real estate - 1st lien		169,424		0		1,507		175,559		177,066
Residential real estate - Jr lien		46,661		0		271		47,484		47,755
Consumer		10,495		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
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

June 30, 2012	Carrying		Fair		Fair		Fair		Fair
	Amount		Value		Value		Value		Value
			Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and cash equivalents	$	15,097	$	15,097	$	0	$	0	$	15,097
Securities held-to-maturity		24,026		0		24,625		0		24,625
Securities available-for-sale		60,102		7,172		52,930		0		60,102
Restricted equity securities		4,021		0		4,021		0		4,021
Loans and loans held-for-sale
Commercial & industrial		52,294		0		985		52,419		53,404
Commercial real estate		129,784		0		3,444		129,291		132,735
Residential real estate - 1st lien		165,074		0		1,202		172,487		173,689
Residential real estate - Jr lien		45,866		0		281		46,860		47,141
Consumer		11,238		0		0		11,814		11,814
Mortgage servicing rights		1,052		0		1,052		0		1,052
Accrued interest receivable		1,756		0		1,756		0		1,756
Financial liabilities:
Deposits
Other deposits		413,719		0		416,120		0		416,120
Brokered deposits		18,435		0		18,449		0		18,449
Federal funds purchased and short term-borrowings		25,825		0		25,825		0		25,825
Long-term borrowings		12,010		0		12,351		0		12,351
Repurchase agreements		24,043		0		24,043		0		24,043
Capital lease obligations		805		0		805		0		805
Subordinated debentures		12,887		0		12,207		0		12,207
Accrued interest payable		128		0		128		0		128