Fair Value Instruments Measured at Fair Value (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Instruments Measured at Fair Value [Abstract]

Fair value measurements for items measured at fair value

Under ASC 820, fair value measurements for items measured at fair value at September 30, 2012 and 2011 included:

(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)
September 30, 2012
Available for sale securities (3)	$	588,248	$	1,711	$	586,537	$	0
Loans available for sale		28,042		0		28,042		0
Loans (1)		22,380		0		10,351		12,029
Other real estate owned (2)		8,888		0		3,746		5,142
September 30, 2011
Available for sale securities (3)	$	611,195	$	4,226	$	606,969	$	0
Loans available for sale		6,897		0		6,897		0
Loans (1)		22,271		0		10,939		11,332
Other real estate owned (2)		23,702		0		1,706		21,996

(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 September 30, 2012 and 2011:

	September 30, 2012				September 30, 2011
(Dollars in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets
Cash and cash equivalents	$	172,718	$	172,718	$	116,885	$	116,885
Securities		603,804		604,582		635,770		636,214
Loans, net		1,179,359		1,201,291		1,180,147		1,211,205
Loans held for sale		28,042		28,042		6,897		6,897
Financial Liabilities
Deposit liabilities		1,679,466		1,681,968		1,661,274		1,666,399
Borrowings		172,393		178,340		156,562		162,060
Subordinated debt		53,610		32,166		53,610		37,527