Cash and Cash Equivalents

3 Months Ended

Mar. 31, 2013

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

Note 4 – Cash and Cash Equivalents

Cash and due from banks, which represents vault cash in the retail offices and invested cash balances at the Federal Reserve, is carried at fair value.

	March 31,		December 31,
	2013		2012
Cash and due from banks, weighted average interest rate of 0.18% (at March 31, 2013)	$	71,592	$	71,290

Interest bearing deposits in banks, which represent funds invested at a correspondent bank, are carried at fair value and, as of March 31, 2013 and December 31, 2012, consisted of daily funds invested at the Federal Home Loan Bank (“FHLB”) of Atlanta, First Tennessee Bank (“FTN”), Merchants and Traders (“M&T”) and Community Bankers Bank (“CBB”).

	March 31,		December 31,
	2013		2012
FHLB daily investments, interest rate of 0.005% (at March 31, 2013)	$	4,760	$	3,306
FTN daily investments, interest rate of 0.09% (at March 31, 2013)		1,350		1,350
M&T daily investments, interest rate of 0.25% (at March 31, 2013)		6,041		6,037
CBB Fed Funds sold, interest rate of 0.21% (at March 31, 2013)		1,085		1,085
	$	13,236	$	11,778