Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value [Abstract]

Fair value measurements for items measured at fair value

Under ASC 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at March 31, 2013 and 2012 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)
March 31, 2013
Available for sale securities (3)	$	649,196	$	1,202	$	647,994	$	0
Loans available for sale (4)		24,206		0		24,206		0
Loans (1)		22,601		0		10,889		11,712
Other real estate owned (2)		10,850		0		3,389		7,461
March 31, 2012
Available for sale securities (3)	$	574,615	$	1,718	$	572,897	$	0
Loans available for sale (4)		8,214		0		8,214		0
Loans (1)		33,108		0		11,714		21,394
Other real estate owned (2)		15,530		0		2,390		13,140

(1) See Note F. 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 D for further detail of fair value of individual investment categories.

(4) Recurring fair value basis determined using observable market data.

Summary of carrying value and fair value of the Company's financial instruments

The carrying amount and fair value of the Company’s other significant financial instruments that are not measured at fair value on a recurring basis in the balance sheet as of March 31, 2013 and 2012 is as follows:

(Dollars in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level  3)
At March 31, 2013
Financial Assets
Loans, net	$	1,179,669	$	0	$	0	$	1,200,845
Financial Liabilities
Deposit liabilities		1,762,164		0		0		1,764,018
Borrowings		50,000		0		55,299		0
Subordinated debt		53,610		0		37,527		0
At March 31, 2012
Financial Assets
Securities held to maturity	$	18,801	$	0	$	19,426	$	0
Loans, net		1,158,829		0		0		1,173,840
Financial Liabilities
Deposit liabilities		1,737,459		0		0		1,740,367
Borrowings		50,000		0		55,183		0
Subordinated debt		53,610		0		32,166		0