Estimated Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Summary of Financial Instruments

The estimated fair values of the Corporation’s financial instruments at December 31, 2012 and 2011 are summarized as follows:

	December 31, 2012										December 31, 2011
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3		Carrying Value		Estimated Fair Value
	(Dollars in thousands)
Financial assets
Cash and due from banks, Federal funds sold and interest bearing deposits in other banks	$	30,659	$	30,659	$	30,659	$	—	$	—	$	40,647	$	40,647
Securities	203,763		203,763		—		203,763		—		226,012		226,012
Restricted stock	5,741		5,741		—		5,741		—		—		—
Portfolio loans, net	864,911		868,716		—		—		868,716		826,025		825,662
Loans held for sale	7,634		7,891		—		7,891		—		3,448		3,448
Accrued interest receivable	3,726		3,726		—		3,726		—		3,550		3,550
Financial liabilities
Deposits:
Demand, savings and money market	517,181		511,665		—		511,665		—		486,690		486,690
Certificates of deposit	482,411		485,394		—		485,394		—		504,390		509,449
Short-term borrowings	1,115		1,115		—		1,115		—		227		227
Federal Home Loan Bank advances	46,508		46,828		—		46,828		—		42,497		43,824
Junior subordinated debentures	16,238		17,197		—		17,197		—		16,238		16,130
Accrued interest payable	882		882		—		882		—		1,118		1,118

Assets Measured by Fair Value on a Recurring Basis

The following table presents information about the Corporation’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 and 2011, and the valuation techniques used by the Corporation to determine those fair values.

Description	Fair Value as of December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Securities available for sale:
U.S. Government agencies and corporations	$	36,970	$	—	$	36,970	$	—
Mortgage backed securities	111,701		—		111,701		—
Collateralized mortgage obligations	22,881		—		22,881		—
State and political subdivisions	32,211		—		32,211		—
Total	$	203,763	$	—	$	203,763	$	—
Description	Fair Value as of December 31, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Securities available for sale:
U.S. Government agencies and corporations	$	56,881	$	—	$	56,881	$	—
Mortgage backed securities	107,037		—		107,037		—
Collateralized mortgage obligations	30,237		—		30,237		—
State and political subdivisions	31,857		—		31,857		—
Total	$	226,012	$	—	$	226,012	$	—

Balances of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The following table presents the balances of assets and liabilities measured at fair value on a nonrecurring basis:

December 31, 2012	Quoted Market Prices in Active Markets (Level 1)		Internal Models with Significant Observable Market Parameters (Level 2)		Internal Models with Significant Unobservable Market Parameters (Level 3)		Total
	(Dollars in thousands)
Impaired and nonaccrual loans	$	—	$	—	$	27,796	$	27,796
Other real estate	—		—		1,366		1,366
Total assets at fair value on a nonrecurring basis	$	—	$	—	$	29,162	$	29,162
December 31, 2011	Quoted Market Prices in Active Markets (Level 1)		Internal Models with Significant Observable Market Parameters (Level 2)		Internal Models with Significant Unobservable Market Parameters (Level 3)		Total
	(Dollars in thousands)
Impaired and nonaccrual loans	$	—	$	—	$	34,471	$	34,471
Other real estate	—		—		1,687		1,687
Total assets at fair value on a nonrecurring basis	$	—	$	—	$	36,158	$	36,158