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3. Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Assets And Liabilities Recorded At Fair Value On A Recurring Basis

 

    Balance at     Fair Value Measurements Using:  
Dollars in thousands   March 31, 2014     Level 1     Level 2     Level 3  
Available for sale securities                                
U.S. Government sponsored agencies   $ 28,316     $ -     $ 28,316     $ -  
Mortgage backed securities:                                
Government sponsored agencies     143,814       -       143,814       -  
Nongovernment sponsored entities     10,787       -       10,787       -  
State and political subdivisions     10,731       -       10,731       -  
Corporate debt securities     3,998       -       3,998       -  
Other equity securities     77       -       77       -  
Tax-exempt state and political subdivisions     84,142       -       84,142       -  
Total available for sale securities   $ 281,865     $ -     $ 281,865     $ -  
                                 
Derivative financial instrument                                
Interest rate swaps   $ -     $ -     $ -          

 

 

    Balance at     Fair Value Measurements Using:  
Dollars in thousands   December 31, 2013     Level 1     Level 2     Level 3  
Available for sale securities                                
U.S. Government sponsored agencies   $ 29,657     $ -     $ 29,657     $ -  
Mortgage backed securities:                                
Government sponsored agencies     155,716       -       155,716       -  
Nongovernment sponsored entities     11,819       -       11,819       -  
State and political subdivisions     15,870       -       15,870       -  
Corporate debt securities     3,966       -       3,966       -  
Other equity securities     77       -       77       -  
Tax-exempt state and political subdivisions     71,675       -       71,675       -  
Total available for sale securities   $ 288,780     $ -     $ 288,780     $ -  
                                 
Derivative financial instrument                                
Interest rate swaps   $ 803     $ -     $ 803          

 
Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis
    Total at     Fair Value Measurements Using:  
Dollars in thousands   March 31, 2014     Level 1     Level 2     Level 3  
Residential mortgage loans held for sale   $ -     $ -     $ -     $ -  
                                 
Collateral-dependent impaired loans                                
Commercial   $ 447             $ 57     $ 390  
Commercial real estate     4,821       -       4,821       -  
Construction and development     13,507       -       13,346       161  
Residential real estate     9,063       -       8,837       226  
Consumer     4       -       -       4  
Total collateral-dependent impaired loans   $ 27,842     $ -     $ 27,061     $ 781  
                                 
OREO                                
Commercial   $ -     $ -     $ -     $ -  
Commercial real estate     8,523       -       8,208       315  
Construction and development     31,737       -       30,145       1,592  
Residential real estate     11,981       -       11,949       32  
Total OREO   $ 52,241     $ -     $ 50,302     $ 1,939  

 

 

    Total at     Fair Value Measurements Using:  
Dollars in thousands   December 31, 2013     Level 1     Level 2     Level 3  
Residential mortgage loans held for sale   $ 321     $ -     $ 321     $ -  
                                 
Collateral-dependent impaired loans                                
Commercial   $ 1,616             $ 920     $ 696  
Commercial real estate     17,902       -       4,879       13,023  
Construction and development     22,083       -       17,590       4,493  
Residential real estate     14,747       -       8,336       6,411  
Consumer     34       -       3       31  
Total collateral-dependent impaired loans   $ 56,382     $ -     $ 31,728     $ 24,654  
                                 
OREO                                
Commercial   $ -     $ -     $ -     $ -  
Commercial real estate     9,903       -       9,903       -  
Construction and development     31,610       -       29,993       1,617  
Residential real estate     11,879       -       11,847       32  
Total OREO   $ 53,392     $ -     $ 51,743     $ 1,649  

 
Carrying Values And Estimated Fair Values Of Financial Instruments
    March 31, 2014     December 31, 2013  
          Estimated           Estimated  
    Carrying     Fair     Carrying     Fair  
Dollars in thousands   Value     Value     Value     Value  
Financial assets                                
Cash and due from banks   $ 17,251     $ 17,251     $ 11,782     $ 11,782  
Securities available for sale     281,865       281,865       288,780       288,780  
Other investments     6,610       6,610       7,815       7,815  
Loans held for sale, net     -       -       321       321  
Loans, net     962,714       981,849       937,070       952,592  
Accrued interest receivable     5,410       5,410       5,669       5,669  
Derivative financial instruments     -       -       803       803  
    $ 1,273,850     $ 1,292,985     $ 1,252,240     $ 1,267,762  
Financial liabilities                                
Deposits   $ 1,052,630     $ 1,077,704     $ 1,003,812     $ 1,029,606  
Short-term borrowings     68,974       68,974       62,769       62,769  
Long-term borrowings     123,492       132,741       163,516       173,863  
Subordinated debentures     16,800       16,800       16,800       16,800  
Subordinated debentures owed to
unconsolidated subsidiary trusts		     19,589       19,589       19,589       19,589  
Accrued interest payable     1,193       1,193       1,433       1,433  
Derivative financial liabilities     408       408       -       -  
    $ 1,283,086     $ 1,317,409     $ 1,267,919     $ 1,304,060