Fair values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Fair Values of Financial Instruments [Abstract]

Company's financial instruments

The following presents (in thousands) the carrying amount, estimated fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2012 and December 31, 2011. This table excludes financial instruments for which the carrying amount approximates fair value. Financial assets for which the fair value approximates carrying value include cash and cash equivalents, short-term investments, FHLBB stock and accrued interest receivable. Financial liabilities for which the fair value approximates carrying value include non-maturity deposits, short-term borrowings and accrued interest payable.

					Fair Value Measurements
September 30, 2012	Carrying Amount		Estimated  Fair Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Financial assets:
Securities held-to-maturity	$	284,490	$	290,781	$	—	$	290,781	$	—
Loans (1)		1,046,265		1,097,153		—		—		1,097,153
Financial liabilities:
Time deposits		431,630		436,653		—		436,653		—
Other borrowed funds		184,144		195,729		—		195,729		—
Subordinated debentures		36,083		43,853		—		—		43,853
December 31, 2011
Financial assets:
Securities held-to-maturity		179,368		184,822		—		184,822		—
Loans (1)		967,918		1,018,822		—		—		1,018,822
Financial liabilities:
Time deposits		433,501		439,711		—		439,711		—
Other borrowed funds		244,143		258,165		—		258,165		—
Subordinated debentures		36,083		43,063		—		—		43,063

(1) Comprised of loans (including collateral dependent impaired loans), net of deferred loan costs and the allowance for loan losses.