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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Measurements [Abstract]  
Assets measured at fair value on a recurring basis
                                 
           Fair Value Measurements  

(in thousands)

  Fair Value     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
    Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
 
December 31, 2012                                

Assets:

                               

U.S. treasury

  $ 2,030     $ 2,030     $ 0     $ 0  

Government sponsored enterprises

    55,180       0       55,180       0  

Asset-backed securities

    107,872       0       107,872       0  

Obligations of states and political subdivisions

    35,164       0       35,164       0  

Mortgage servicing rights

    2,549       0       0       2,549  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 202,795     $ 2,030     $ 198,216     $ 2,549  
   

 

 

   

 

 

   

 

 

   

 

 

 
December 31, 2011                                

Assets:

                               

U.S. treasury

  $ 2,054     $ 2,054     $ 0     $ 0  

Government sponsored enterprises

    70,314       0       70,314       0  

Asset-backed securities

    107,329       0       107,329       0  

Obligations of states and political subdivisions

    34,109       0       34,109       0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 213,806     $ 2,054     $ 211,752     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis
         

(in thousands)

  Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3)

Mortgage Servicing Rights
 

Balance at December 31, 2011

  $ 0  

Transfer into level 3

    3,050  

Total gains or losses (realized/unrealized):

       

Included in earnings

    (1,331

Included in other comprehensive income

    0  

Purchases

    0  

Sales

    0  

Issues

    830  

Settlements

    0  
   

 

 

 

Balance at December 31, 2012

  $ 2,549  
   

 

 

 
Quantitative Information about Level 3 Fair Value Measurements
                         
   

Quantitative Information about Level 3 Fair Value Measurements

 
   

Valuation Technique

 

Unobservable Inputs

  Input Value  
            2012     2011  

Mortgage servicing rights

  Discounted cash flows   Weighted average constant prepayment rate     18.60     20.86
        Weighted average discount rate     7.99     7.99
Valuation methodologies used for assets and liabilities recorded at fair value on a nonrecurring basis
                                         
    Fair Value Measurements Using  

(in thousands)

  Total
Fair Value
    Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
    Total Gains
(Losses)*
 
December 31, 2012                                        

Assets:

                                       

Impaired loans:

                                       

Commercial, financial, & agricultural

  $ 672     $ 0     $ 0     $ 672     $ (1,659

Real estate construction—residential

    64       0       0       64       0  

Real estate construction—commercial

    5,341       0       0       5,341       0  

Real estate mortgage—residential

    2,763       0       0       2,763       (839

Real estate mortgage—commercial

    11,726       0       0       11,726       (2,716

Consumer

    44       0       0       44       0  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 20,610     $ 0     $ 0     $ 20,610     $ (5,214
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other real estate owned and repossessed assets

  $ 23,592     $ 0     $ 0     $ 23,592     $ (4,378
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
December 31, 2011                                        
Assets:                                        

Impaired loans:

                                       

Commercial, financial, & agricultural

  $ 643     $ 0     $ 0     $ 643     $ (2,136

Real estate construction—residential

    396       0       0       396       (1,557

Real estate construction—commercial

    6,029       0       0       6,029       (279

Real estate mortgage—residential

    3,601       0       0       3,601       (1,509

Real estate mortgage—commercial

    15,980       0       0       15,980       (5,842
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 26,649     $ 0     $ 0     $ 26,649     $ (11,323
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other real estate owned and repossessed assets

  $ 16,020     $ 0     $ 0     $ 16,020     $ (2,112
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

* Total gains (losses) reported for other real estate owned and repossessed assets includes charge offs, valuation write downs, and net losses taken during the periods reported.