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Fair Value Of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

 

 

 

 

(dollars in thousands)

 

 

 

 

Total

(Level 1)

Quoted Prices in Active Markets for Identical Assets

(Level 2)

Significant Other Observable Inputs

 

(Level 3)

Significant Unobservable Inputs

June 30, 2012:

 

 

 

 

Collateralized mortgage obligations

      $    100,430

        $                  -

      $     100,430

      $                    -

Mortgage-backed securities

              22,750

                             -

               22,750

                             -

Municipal securities

              11,570

                             -

               11,570

                             -

Corporate bonds

              31,569

                             -

               28,562

                    3,007

Asset-backed securities

             10,166

                   -

               10,166

                             -

Trust Preferred Securities

           3,175    

                             -

                           -

                    3,175

Other securities

                  134

                             -

                     134

                             -

Securities Available for Sale

    $     179,794

        $                  -

      $     173,612

      $           6,182

 

 

 

 

 

December 31, 2011:

 

 

 

 

Collateralized mortgage obligations

    $     120,011

        $                  -

      $     120,011

      $                    -

Mortgage-backed securities

             14,116

                             -

               14,116

                             -

Municipal securities

             11,034

                             -

               11,034

                             -

Corporate bonds

             25,617

                             -

               22,613

                    3,004

Trust Preferred Securities

                3,410

                             -

                           -

                    3,410

Other securities

                   135

                             -

                     135

                             -

Securities Available for Sale

    $     174,323

        $                  -

      $     167,909

      $           6,414

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
Fair Value, by Balance Sheet Grouping [Table Text Block]

estimated fair values of the Company's financial instruments were as follows at June 30, 2012 and December 31, 2011:

 

Fair Value Measurements at June 30, 2012

 

(dollars in thousands)

Carrying Amount

Fair

Value

 

Quoted Prices in Active Markets for Identical Assets

(Level 1)

Significant Other Observable Inputs

 (Level 2)

Significant Unobservable Inputs

 (Level 3)

Balance Sheet Data

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

Cash and cash equivalents

  $         99,122

   $        99,122

 

  $         99,122

   $                  -

   $                  -

Investment securities available for sale

179,794

           179,794

 

                       -

           173,612

               6,182

Investment securities held to maturity

                    66

                    69

 

                       -

                    69

                       -

Restricted stock

               4,816   

4,816

 

               4,816

                       -

                       -

Loans held for sale

                  975

               1,096

 

                       -

               1,096

                       -

Loans receivable, net

595,528

           590,649

 

                       -

                       -

   590,649

Accrued interest receivable

               3,127

               3,127

 

               3,127

                       -

                       -

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

Deposits

 

 

 

 

 

 

Demand, savings and money market

  $       695,598

   $      695,598

 

  $       695,598

   $                  -

   $                  -

Time

           145,716

           146,680

 

                       -

           146,680

                       -

Subordinated debt

             22,476

             18,468

 

                       -

                       -

             18,468

Accrued interest payable

                  753

                  753

 

                  753

                       -

                       -

 

 

 

 

 

 

 

Off-Balance Sheet Data

 

 

 

 

 

 

Commitments to extend credit

                       -

                       -

 

 

 

 

Standby letters-of-credit

                       -

                       -

 

 

 

 

 

 

December 31, 2011

 

(dollars in thousands)

Carrying Amount

Fair

Value

Balance Sheet Data

 

 

Financial assets:

 

 

Cash and cash equivalents

  $       230,955

   $      230,955

Investment securities available for sale

           174,323

           174,323

Investment securities held to maturity

                  140

                  144

Restricted stock

               5,321

               5,321

Loans held for sale

                  925

               1,021

Loans receivable, net

           577,442

           576,052

Accrued interest receivable

               3,003

               3,003

 

 

 

Financial liabilities:

 

 

Deposits

 

 

Demand, savings and money market

  $       735,670

   $      735,670

Time

           216,941

           218,137

Subordinated debt

             22,476

             18,247

Accrued interest payable

               1,049

               1,049

 

 

 

Off-Balance Sheet Data

 

 

Commitments to extend credit

                       -

                       -

Standby letters-of-credit

                       -

                       -

Fair Value, Measurements, Nonrecurring [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

 

 

 

 

 

 

 

 

 

Total

 

(Level 1)

Quoted Prices in Active Markets for Identical Assets

 

(Level 2)

Significant Other Observable Inputs

 

 

(Level 3)

Significant Unobservable Inputs

June 30, 2012:

 

 

 

 

 

 

 

Impaired loans

     $ 13,317

 

      $               -

 

     $             -

 

     $     13,317

 

 

 

 

 

 

 

 

December 31, 2011:

 

 

 

 

 

 

 

Impaired loans

     $ 15,659

 

      $               -

 

     $             -

 

     $     15,659

Other real estate owned

          6,479

 

                     -

 

                    -

 

              6,479