Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Of Financial Instruments [Abstract]

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The table below presents the balance of financial assets and liabilities at September 30, 2012 measured at fair value on a recurring basis:

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
U.S. Treasury Obligations	$	100	$	0	$	100	$	0
U.S. Agency Obligations		54,233		0		54,233		0
FHLB Obligations		4,618		0		4,618		0
Agency MBSs		183,704		0		183,704		0
Agency CMBSs		5,024		0		5,024		0
Agency CMOs		273,419		0		273,419		0
Non-Agency CMOs		4,738		0		4,738		0
ABSs		421		0		421		0
Interest rate swap agreements		599		0		599		0
Total assets	$	526,856	$	0	$	526,856	$	0
Liabilities
Interest rate swap agreements		1,825		0		1,825		0
Total liabilities	$	1,825	$	0	$	1,825	$	0

The table below presents the balance of financial assets and liabilities at December 31, 2011 measured at fair value on a recurring basis:

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
U.S. Treasury Obligations	$	250	$	0	$	250	$	0
U.S. Agency Obligations		90,419		0		90,419		0
FHLB Obligations		16,676		0		16,676		0
Agency MBSs		183,838		0		183,838		0
Agency CMOs		214,480		0		214,480		0
Non-Agency CMOs		4,855		0		4,855		0
ABSs		1,233		0		1,233		0
Interest rate swap agreements		207		0		207		0
Total assets	$	511,958	$	0	$	511,958	$	0
Liabilities
Interest rate swap agreements		1,613		0		1,613		0
Total liabilities	$	1,613	$	0	$	1,613	$	0

Financial Assets Measured At Fair Value On A Nonrecurring Basis

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
OREO	$	0	$	0	$	0	$	0
Impaired loans		2,740		0		0		2,740
Total	$	2,740	$	0	$	0	$	2,740

The table below presents the balance of financial assets at December 31, 2011 measured at fair value on a non-recurring basis:

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
OREO	$	358	$	0	$	0	$	358
Impaired loans		2,511		0		0		2,511
Total	$	2,869	$	0	$	0	$	2,869

Assets Measured At Fair Value Using Significant Unobservable Inputs

(Dollars in thousands)	Fair value		Valuation Methodology	Unobservable Inputs	Range of Inputs
OREO	$	0	Appraisal of collateral	Appraisal adjustments	0%-40%
Impaired loans		2,740	Appraisal of collateral	Appraisal adjustments	0%-40%

Fair Values Of Financial Instruments

The fair values of our financial instruments as of September 30, 2012 are summarized in the table below:

	Carrying
(In thousands)	Amount		Fair Value			Level 1		Level 2		Level 3
Cash and cash equivalents	$	53,032	$	53,032	$	53,032	$	0	$	0
Securities available for sale		526,257		526,257		0		526,257		0
Securities held to maturity		443		498		0		498		0
FHLB stock		8,145		8,145		0		8,145		0
Loans, net of allowance for loan losses		1,061,435		1,086,800		0		0		1,086,800
Interest rate contract-cash flow hedge		599		599		0		599		0
Accrued interest receivable		4,577		4,577		0		4,577		0
Total assets	$	1,654,488	$	1,679,908	$	53,032	$	540,076	$	1,086,800
Deposits	$	1,252,963	$	1,255,808	$	915,146	$	340,662	$	0
Short-term borrowings		55,600		55,600		0		55,600		0
Securities sold under agreement to repurchase		227,996		227,996		0		227,996		0
Other long-term debt		2,503		2,532		0		2,532		0
Junior subordinated debentures issued to
unconsolidated subsidiary trust		20,619		15,741		0		15,741		0
Interest rate contract-cash flow hedge		1,825		1,825		0		1,825		0
Accrued interest payable		249		249		0		249		0
Total liabilities	$	1,561,755	$	1,559,751	$	915,146	$	644,605	$	0

The fair values of our financial instruments as of December 31, 2011 are summarized in the table below:

	Carrying
(In thousands)	Amount		Fair Value			Level 1		Level 2		Level 3
Cash and cash equivalents	$	37,812	$	37,812	$	37,812	$	0	$	0
Securities available for sale		511,751		511,751		0		511,751		0
Securities held to maturity		558		624		0		624		0
FHLB stock		8,630		8,630		0		8,630		0
Loans, net of allowance for loan losses		1,017,007		1,035,131		0		0		1,035,131
Interest rate contract-cash flow hedge		207		207		0		207		0
Accrued interest receivable		5,121		5,121		0		5,121		0
Total assets	$	1,581,086	$	1,599,276	$	37,812	$	526,333	$	1,035,131
Deposits	$	1,177,880	$	1,181,066	$	829,632	$	351,434	$	0
Short-term borrowings		0		0		0		0		0
Securities sold under agreement to repurchase		262,527		263,062		0		263,062		0
Other long-term debt		22,562		23,594		0		23,594		0
Junior subordinated debentures issued to
unconsolidated subsidiary trust		20,619		15,268		0		15,268		0
Interest rate contract-cash flow hedge		1,613		1,613		0		1,613		0
Accrued interest payable		282		282		0		282		0
Total liabilities	$	1,485,483	$	1,484,885	$	829,632	$	655,253	$	0