Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Assets And Liabilities Recorded At Fair Value On A Recurring Basis


		Balance at		Fair Value Measurements Using:
Dollars in thousands		December 31, 2012		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	29,020	$	-	$	29,020	$	-
Mortgage backed securities:
Government sponsored agencies		136,570		-		136,570		-
Nongovernment sponsored entities		15,745		-		15,745		-
State and political subdivisions		12,169		-		12,169		-
Corporate debt securities		1,950		-		1,950		-
Other equity securities		77		-		77		-
Tax-exempt state and political subdivisions		83,270		-		83,270		-
Tax-exempt mortgage backed securities		2,738		-		2,738		-
Total available for sale securities	$	281,539	$	-	$	281,539	$	-


		Balance at		Fair Value Measurements Using:
Dollars in thousands		December 31, 2011		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	8,747	$	-	$	8,747	$	-
Mortgage backed securities:
Government sponsored agencies		155,505		-		155,505		-
Nongovernment sponsored entities		34,428		-		34,428		-
State and political subdivisions		4,571		-		4,571		-
Corporate debt securities		817		-		817		-
Other equity securities		77		-		77		-
Tax-exempt state and political subdivisions		79,326		-		79,326		-
Tax-exempt mortgage backed securities		3,128		-		3,128		-
Total available for sale securities	$	286,599	$	-	$	286,599	$	-

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis


		Total at		Fair Value Measurements Using:
Dollars in thousands		December 31, 2012		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	226	$	-	$	226	$	-

Impaired loans
Commercial	$	10,856	$	-	$	5,013	$	5,843
Commercial real estate		25,435		-		16,331		9,104
Construction and development		27,352		-		24,578		2,774
Residential real estate		24,442		-		21,625		2,817
Consumer		50		-		-		50
Total impaired loans	$	88,135	$	-	$	67,547	$	20,588

OREO
Commercial	$	-	$	-	$	-	$	-
Commercial real estate		11,835		-		11,047		788
Construction and development		40,671		-		35,978		4,693
Residential real estate		3,666		-		3,666		-
Consumer		-		-				-
Total OREO	$	56,172	$	-	$	50,691	$	5,481


		Total at		Fair Value Measurements Using:
Dollars in thousands		December 31, 2011		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	-	$	-	$	-	$	-

Impaired loans
Commercial	$	2,722	$	-	$	-	$	2,722
Commercial real estate		21,148		-		13,777		7,371
Construction and development		27,667		-		25,297		2,370
Residential real estate		22,768		-		18,253		4,515
Consumer		6		-		-		6
Total impaired loans	$	74,311	$	-	$	57,327	$	16,984

OREO
Commercial	$	-	$	-	$	-	$	-
Commercial real estate		15,721		-		15,721		-
Construction and development		44,978		-		44,303		675
Residential real estate		3,239		-		3,239		-
Consumer		-		-				-
Total OREO	$	63,938	$	-	$	63,263	$	675

Carrying Values And Estimated Fair Values Of Financial Instruments


				At December 31,
		2012				2011
		Carrying		Estimated		Carrying		Estimated
Dollars in thousands		Value		Fair Value		Value		Fair Value
Financial assets:
Ca sh and cash equivalents	$	14,802	$	14,802	$	32,692	$	32,692
Interes t bearing deposits,
other banks		-		-		-		-
Securities availa ble for sa le		281,539		281,539		286,599		286,599
Other inves tments		14,658		14,658		19,146		19,146
Loans held for sale, net		226		226		-		-
Loans, net		937,168		965,454		965,516		977,782
Accrued interest receivable		5,621		5,621		5,784		5,784
	$	1,254,014	$	1,282,300	$	1,309,737	$	1,322,003
Financial liabilities:
Deposits	$	1,027,125	$	1,064,957	$	1,016,500	$	1,054,093
Short-term borrowings		3,958		3,958		15,956		15,956
Long-term borrowings		203,268		220,175		270,254		291,099
Subordinated debentures		16,800		16,800		16,800		16,800
Subordinated debentures owed to
unconsolidated s ubsidiary trusts		19,589		19,589		19,589		19,589
Accrued interest paya ble		1,877		1,877		2,558		2,558
	$	1,272,617	$	1,327,356	$	1,341,657	$	1,400,095

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

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-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

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-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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