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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2013
Fair Value Measurements  
Schedule of carrying values of assets and liabilities measured at fair value on a recurring basis

 

 

 

Fair value at September 30, 2013

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

Investment securities available for sale

 

 

 

 

 

 

 

 

 

U.S. Treasury and other U.S. government obligations

 

$

40,000

 

$

 

$

40,000

 

$

 

Government sponsored enterprise obligations

 

125,074

 

 

$

125,074

 

 

Mortgage-backed securities

 

164,641

 

 

164,641

 

 

Obligations of states and political subdivisions

 

71,348

 

 

71,348

 

 

 

 

 

 

 

 

 

 

 

 

Total investment securities available for sale

 

401,063

 

 

401,063

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

301

 

 

301

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

401,364

 

$

 

$

401,364

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

301

 

$

 

$

301

 

$

 

 

 

 

Fair value at December 31, 2012

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

Investment securities available for sale

 

 

 

 

 

 

 

 

 

U.S. Treasury and other U.S. government obligations

 

$

98,000

 

$

 

$

98,000

 

$

 

Government sponsored enterprise obligations

 

85,748

 

 

$

85,748

 

 

Mortgage-backed securities

 

140,881

 

 

140,881

 

 

Obligations of states and political subdivisions

 

60,793

 

 

60,793

 

 

Trust preferred securities of financial institutions

 

1,018

 

1,018

 

 

 

 

 

 

 

 

 

 

 

 

 

Total investment securities available for sale

 

386,440

 

1,018

 

385,422

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

415

 

 

415

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

386,855

 

$

1,018

 

$

385,837

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

415

 

$

 

$

415

 

$

 

Schedule of carrying values of assets measured at fair value on a non-recurring basis

 

 

 

 

 

 

 

 

 

 

 

Losses for 9 month

 

 

 

Fair value at September 30, 2013

 

period ended

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

September 30, 2013

 

Impaired loans

 

$

11,507

 

$

 

$

 

$

11,507

 

$

(1,181

)

 

 

 

 

 

 

 

 

 

 

 

Losses for 9 month

 

 

 

Fair value at December 31, 2012

 

period ended

 

 

 

Total

 

Level 1

 

Level 2

 

Level 3

 

September 30, 2012

 

Impaired loans

 

$

11,625

 

$

 

$

 

$

11,625

 

$

(1,272

)