Assets And Liabilities Subject To Offsetting

3 Months Ended

Mar. 31, 2013

Assets And Liabilities Subject To Offsetting [Abstract]

Assets And Liabilities Subject To Offsetting

Note 14—Assets and Liabilities Subject to Offsetting

Securities Sold Under Agreements to Repurchase ("Repurchase Agreements")

PeoplesBank enters into agreements under which it sells securities subject to an obligation to repurchase the same securities the next business day. These repurchase agreements are accounted for as a collateralized financing arrangement (i.e. secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability in the Corporation's consolidated financial statements of condition, while the securities underlying the repurchase agreements remain in the respective securities asset accounts. In other words, there is no offsetting or netting of the securities with the repurchase agreement liabilities.

		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statements of Condition		Net Amounts of Liabilities Presented in the Statements of Condition	Gross amounts Not Offset in the Statements of Condition
dollars in thousands								Financial Instruments			Cash Collateral Pledged		Net Amount
March 31, 2013
Repurchase Agreements (1)	$	19,243	$	0	$	19,243	$	(19,243	)	$	0	$	0
December 31, 2012
Repurchase Agreements (1)	$	19,356	$	0	$	19,356	$	(19,356	)	$	0	$	0
(1) As of March 31, 2013 and December 31, 2012, the fair value of securities pledged was $23,718,000 and $25,876,000, respectively.