Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities recorded at fair value on a recurring basis

			Fair Value Measurements
			Quoted Prices
			in Active
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
September 30, 2014
Assets:
Government sponsored enterprises	$	62,051	$	0	$	62,051	$	0
Asset-backed securities		109,317		0		109,317		0
Obligations of states and political subdivisions		34,448		0		34,448		0
Mortgage servicing rights		2,867		0		0		2,867
Total	$	208,683	$	0	$	205,816	$	2,867
December 31, 2013
Assets:
U.S. Treasury	$	1,003	$	1,003	$	0	$	0
Government sponsored enterprises		60,616		0		60,616		0
Asset-backed securities		110,373		0		110,373		0
Obligations of states and political subdivisions		33,993		0		33,993		0
Mortgage servicing rights		3,036		0		0		3,036
Total	$	209,021	$	1,003	$	204,982	$	3,036

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

	Fair Value Measurements Using
	Significant Unobservable Inputs
	(Level 3)
	Mortgage Servicing Rights
(in thousands)	Three Months Ended September 30,					Nine Months Ended September 30,
	2014			2013		2014			2013
Balance at beginning of period	$	2,911		$	2,873	$	3,036		$	2,549
Total gains or losses (realized/unrealized):
Included in earnings		(139	)		123		(386	)		86
Included in other comprehensive income		0			0		0			0
Purchases		0			0		0			0
Sales		0			0		0			0
Issues		95			83		217			444
Settlements		0			0		0			0
Balance at end of period	$	2,867		$	3,079	$	2,867		$	3,079

Schedule of quantitative Information about Level 3 Fair Value Measurements

	Quantitative Information about Level 3 Fair Value Measurements
	Valuation Technique	Unobservable Inputs	Input Value
			Nine Months Ended September 30,
			2014			2013
Mortgage servicing rights	Discounted cash flows	Weighted average constant prepayment rate		10.05	%		10.94	%
		Weighted average discount rate		9.18	%		8.56	%
		Weighted average expected life (in years)		5.90			5.70

Schedule of valuation methods for instruments measured at fair value on a nonrecurring basis

			Fair Value Measurements Using
			Quoted Prices						Three			Nine
			in Active						Months			Months
			Markets for		Other		Significant		Ended			Ended
			Identical		Observable		Unobservable		September 30,			September 30,
	Total		Assets		Inputs		Inputs		Total Gains			Total Gains
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)		(Losses)*			(Losses)*
September 30, 2014
Assets:
Impaired loans:
Commercial, financial, & agricultural	$	1,364	$	0	$	0	$	1,364	$	(28	)	$	(150	)
Real estate construction - residential		1,767		0		0		1,767		0			(60	)
Real estate construction - commercial		0		0		0		0		0			(491	)
Real estate mortgage - residential		3,795		0		0		3,795		(41	)		(179	)
Real estate mortgage - commercial		2,887		0		0		2,887		(131	)		(1,200	)
Consumer		213		0		0		213		(4	)		(74	)
Total	$	10,026	$	0	$	0	$	10,026	$	(204	)	$	(2,154	)
Other real estate and foreclosed assets	$	12,438	$	0	$	0	$	12,438	$	(203	)	$	(1,733	)
September 30, 2013
Assets:
Impaired loans:
Commercial, financial, & agricultural	$	1,315	$	0	$	0	$	1,315	$	(607	)	$	(692	)
Real estate construction - residential		1,902		0		0		1,902		0			(119	)
Real estate construction - commercial		3,990		0		0		3,990		0			0
Real estate mortgage - residential		2,079		0		0		2,079		(81	)		(327	)
Real estate mortgage - commercial		10,082		0		0		10,082		(376	)		(1,363	)
Consumer		38		0		0		38		0			0
Total	$	19,406	$	0	$	0	$	19,406	$	(1,064	)	$	(2,501	)
Other real estate and foreclosed assets	$	15,868	$	0	$	0	$	15,868	$	(320	)	$	(5,006	)

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