Fair Value Instruments Measured at Fair Value (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Instruments Measured at Fair Value [Abstract]

Fair value measurements for items measured at fair value

(Dollars in thousands)	Fair Value Measurements		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2012
Available for sale securities (3)	$	562,691	$	1,714	$	560,977	$	0
Loans available for sale		11,186		0		11,186		0
Loans (1)		34,468		0		12,802		21,666
Other real estate owned (2)		7,219		0		1,783		5,436
June 30, 2011
Available for sale securities (3)	$	611,231	$	4,224	$	607,007	$	0
Loans available for sale		4,758		0		4,758		0
Loans (1)		32,124		0		10,873		21,251
Other real estate owned (2)		25,877		0		2,553		23,324

(1) See Note E. Nonrecurring fair value adjustments to loans identified as impaired reflect full or partial write-downs that are based on the loan’s observable market price or current appraised value of the collateral in accordance with ASC 310.

(2) Fair value is measured on a nonrecurring basis in accordance with ASC 360.

(3) See Note H for further detail of fair value of individual investment categories.

Summary of carrying value and fair value of the Company's financial assets and financial liabilities

The following table shows the carrying value and fair value of the Company’s financial assets and financial liabilities as of June 30, 2012 and 2011:

	June 30, 2012				June 30, 2011
(Dollars in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets
Cash and cash equivalents	$	219,635	$	219,635	$	166,891	$	166,891
Securities		579,813		580,490		636,390		636,610
Loans, net		1,196,719		1,226,509		1,157,714		1,161,725
Loans held for sale		11,186		11,186		4,758		4,758
Financial Liabilities
Deposit liabilities		1,689,584		1,691,984		1,681,461		1,687,501
Borrowings		189,489		195,123		152,827		156,852
Subordinated debt		53,610		32,166		53,610		17,200