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Fair Value (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Quoted Prices inSignificant
Active MarketsOtherSignificant
forObservableUnobservable
Identical AssetsInputsInputs
(Dollars in thousands)Amount(Level 1)(Level 2)(Level 3)
March 31, 2014:
Securities available-for-sale:
Agency obligations $ 56,034 56,034
Agency RMBS 162,709 162,709
State and political subdivisions 61,246 61,246
Total securities available-for-sale 279,989 279,989
Other assets (1) 788 788
Total assets at fair value$ 280,777 280,777
Other liabilities(1)$ 788 788
Total liabilities at fair value$ 788 788
December 31, 2013:
Securities available-for-sale:
Agency obligations $ 44,522 44,522
Agency RMBS 162,358 162,358
State and political subdivisions 64,339 64,339
Total securities available-for-sale 271,219 271,219
Other assets (1) 844 844
Total assets at fair value$ 272,063 272,063
Other liabilities(1)$ 844 844
Total liabilities at fair value$ 844 844
(1)Represents the fair value of interest rate swap agreements.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
Quoted Prices in
Active MarketsOtherSignificant
forObservableUnobservable
CarryingIdentical AssetsInputsInputs
(Dollars in thousands)Amount(Level 1)(Level 2)(Level 3)
March 31, 2014:
Loans held for sale$ 1,250 1,250
Loans, net(1) 4,381 4,381
Other real estate owned 3,111 3,111
Other assets (2) 2,368 2,368
Total assets at fair value$ 11,110 1,250 9,860
December 31, 2013:
Loans held for sale$ 2,296 2,296
Loans, net(1) 5,305 5,305
Other real estate owned 3,884 3,884
Other assets (2) 2,350 2,350
Total assets at fair value$ 13,835 2,296 11,539
(1)Loans considered impaired under ASC 310-10-35 Receivables. This amount reflects the recorded investment in
impaired loans, net of any related allowance for loan losses.
(2)Represents MSRs, net, carried at lower of cost or estimated fair value.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Quarter ended March 31,
(Dollars in thousands)20142013
Beginning balance $$ 652
Total realized and unrealized gains and (losses):
Included in other comprehensive income 8
Ending balance$$ 660
Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]
Weighted
CarryingAverage
(Dollars in thousands)AmountValuation TechniqueSignificant Unobservable Inputof Input
Nonrecurring:
Impaired loans$ 4,381AppraisalAppraisal discounts (%)19.7%
Other real estate owned 3,111AppraisalAppraisal discounts (%)15.1%
Mortgage servicing rights, net 2,368Discounted cash flowPrepayment speed or CPR (%)8.3%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying EstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
March 31, 2014:
Financial Assets:
Loans, net (1)$372,639$372,112$$$372,112
Loans held for sale1,2501,2651,265
Financial Liabilities:
Time Deposits$262,209$265,588$$265,588$
Long-term debt12,21712,61712,617
December 31, 2013:
Financial Assets:
Loans, net (1)$378,071$387,180$$$387,180
Loans held for sale2,2962,3102,310
Financial Liabilities:
Time Deposits$261,199$263,985$$263,985$
Long-term debt12,21712,56912,569
(1) Represents loans, net of unearned income and the allowance for loan losses.