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Fair Value (Tables)
 9 Months Ended
Sep. 30, 2012
Fair Value Disclosure [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]

Assets measured at fair value on a recurring basis are summarized below:

 

    Fair Value Measurements Using  
    Assets at Fair
Value		     Quoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs (Level 3)		  
          (in thousands)  
Assets (September 30, 2012):                                
Available for sale securities:                                
State and municipal   $ 80,512     $ —     $ 80,453     $ 59  
U.S. Government sponsored entities and agencies     1,618       —       1,618       —  
Residential mortgage-backed securities issued by U.S. Government sponsored entities     166,731       —       166,731       —  
Collateralized debt obligations, including trust preferred securities     936       —       —       936  
Mutual Funds     260       —       260       —  
                                 
Total available for sale securities   $ 250,057     $ —     $ 249,062     $ 995  

 

 

Assets (December 31, 2011):                                
Available for sale securities:                                
State and municipal   $ 76,527     $ —     $ 76,375     $ 152  
Residential mortgage-backed securities issued by U.S. Government sponsored entities     121,027       —       121,027       —  
Collateralized debt obligations, including trust preferred securities     937       —       —       937  
Mutual Funds     255       —       255       —  
                                 
Total available for sale securities   $ 198,746     $ —     $ 197,657     $ 1,089  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 30:

 

    Collateralized Debt
Obligations, Including Trust
Preferred Securities		     State and Municipal
Securities		  
    2012     2011     2012     2011  
    (in thousands)  
Balance, beginning of period   $ 906     $ 1,467     $ 59     $ -  
Principal paydowns     (13 )     -       -       -  
Net unrealized gain (loss) included in other comprehensive income     43       57       -       -  
Balance, end of period   $ 936     $ 1,524     $ 59     $ -  

 

The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30:

 

    Collateralized Debt
Obligations, Including Trust
Preferred Securities		     State and Municipal
Securities		  
    2012     2011     2012     2011  
    (in thousands)  
Balance, beginning of period   $ 937     $ 1,359     $ 152     $ -  
Principal paydowns     (60 )     -       (93 )     -  
Net unrealized gain (loss) included in other comprehensive income     59       165       -       -  
Balance, end of period   $ 936     $ 1,524     $ 59     $ -  
Schedule Of Changes In Unrealized Gains and Losses Recorded In Earnings [Table Text Block]

The table below summarizes changes in unrealized gains and losses recorded in earnings for the three month periods ended September 30 for level 3 assets that are still held at June 30:

 

  Changes in Unrealized
Gains/Losses Relating to
Assets Still Held at
Reporting Date for the
Three Months Ended
September 30
Collateralized Debt
Obligations, Including
Trust Preferred Securities		     Changes in Unrealized
Gains/Losses Relating to
Assets Still Held at
Reporting Date for the
Three Months Ended
September 30
State and Municipal
Securities		  
  2012     2011     2012     2011  
  (in thousands)     (in thousands)  
             
Interest income on securities   $ 32     $ 14     $ 1     $ -  
Other changes in fair value     -       -       -       -  
Total   $ 32     $ 14     $ 1     $ -  

 

The table below summarizes changes in unrealized gains and losses recorded in earnings for the nine month periods ended September 30 for level 3 assets that are still held at September 30:

 

    Changes in Unrealized
Gains/Losses Relating to
Assets Still Held at
Reporting Date for the Six
Months Ended
September  30
Collateralized Debt
Obligations, Including
Trust Preferred Securities		     Changes in Unrealized
Gains/Losses Relating to
Assets Still Held at
Reporting Date for the Six
Months Ended
September 30 
State and Municipal
Securities		  
    2012     2011     2012     2011  
    (in thousands)     (in thousands)  
             
Interest income on securities   $ 80     $ 43     $ 3     $ -  
Other changes in fair value     -       -       -       -  
Total   $ 80     $ 43     $ 3     $ -  
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis1 Table [Text Block]

Assets measured at fair value on a nonrecurring basis are summarized below.

 

    Fair Value Measurements Using        
    Assets at
Fair Value		     Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  
          (in thousands)  
Assets (September 30, 2012):                        
Impaired loans:                                
Commercial   $ 203     $ —     $ —     $ 203  
Construction     4,828       —       —       4,828  
Commercial real estate:                                
Owner Occupied nonfarm/nonresidential     124       —       —       124  
Other nonfarm/nonresidential     7,927       —       —       7,927  
Residential real estate:                                
Secured by first liens     2,124       —       —       2,124  
Home equity     546       —       —       546  
Consumer     19       —       —       19  
                                 
Foreclosed and repossessed assets:                                
Construction     1,672       —       —       1,672  
Commercial real estate:                                
Owner Occupied nonfarm/nonresidential     6,816       —       —       6,816  
Other nonfarm/nonresidential     1,448       —       —       1,448  
Residential real estate:                                
Secured by first liens     1,089       —       —       1,089  
Consumer     30       —       —       30  
    Fair Value Measurements Using        
    Assets at
Fair Value		     Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs   
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  
          (in thousands)  
Assets (December 31, 2011):                        
Impaired loans:                                
Commercial   $ 872     $ —     $ —     $ 872  
Construction     6,248       —       —       6,248  
Commercial real estate:                                
Owner Occupied nonfarm/nonresidential     8,096       —       —       8,096  
Other nonfarm/nonresidential     9,375       —       —       9,375  
Residential real estate:                                
Secured by first liens     1,336       —       —       1,336  
Home equity     23       —       —       23  
Consumer     34       —       —       34  
                                 
Foreclosed and repossessed assets:                                
Construction     2,118       —       —       2,118  
Commercial real estate:                                
Other nonfarm/nonresidential     1,865       —       —       1,865  
Residential real estate:                                
Secured by first liens     1,092       —       —       1,092  
Consumer     1       —       —       1  
Fair Value Measurements, Nonrecurring [Table Text Block]

The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2012:

 

  Fair Value     Valuation
Technique(s)		   Unobservable
Input(s)		   Range (Weighted
Average)		  
  (in thousands)                
Impaired Loans:                        
                         
Commercial   $ 203     Sales comparison approach   Adjustments for differences between comparable sales     0%-20% (9%)  
                         
Construction     4,828     Income capitalization approach   Capitalization rate     21%
        Sales comparison approach   Adjustments for differences between comparable sales     12%-24% (22%)  
                         
   Commercial real estate     8,051     Income capitalization approach   Capitalization rate     12%-38% (32%)  
                         
Residential real estate     2,670     Sales comparison approach   Adjustments for differences between comparable sales     14%-52% (25%)  
                         
Consumer     19     Sales comparison approach   Adjustments for differences between comparable sales     25%
                         
Foreclosed and repossessed assets:                        
                         
Construction   $ 1,672     Income capitalization approach   Capitalization rate     9%
        Sales comparison approach   Adjustments for differences between comparable sales     23%-78% (53%)  
                         
Commercial real estate     8,264     Income capitalization approach   Capitalization rate     14%
        Sales comparison approach   Adjustments for differences between comparable sales     0%-90% (41%)  
                         
Residential real estate     1,089     Sales comparison approach   Adjustments for differences between comparable sales     0%-69% (28%)  
                         
Consumer     30     Sales comparison approach   Adjustments for differences between comparable sales     0%
Schedule Of Carrying Amount and Fair Values Of Financial Instruments [Table Text Block]

Carrying amount and estimated fair values of financial instruments, not previously presented, at September 30, 2012 and December 31, 2011 were as follows:

 

      Fair Value Measurements Using  
  Carrying
Amount		     Level 1     Level 2     Level 3     Total  
  (in thousands)  
September 30, 2012:                                        
Financial assets:                                        
Cash and due from financial institutions   $ 12,030     $ 12,030     $ —     $ —     $ 12,030  
Interest-bearing deposits in other financial institutions     10,917       10,917       —       —       10,917  
Loans held for sale     1,926       —       1,945       —       1,945  
Loans, net     464,295       —       —       479,971       479,971  
Accrued interest receivable     3,260       —       1,221       2,039       3,260  
Federal Home Loan Bank and Federal Reserve Stock     6,011       n/a       n/a       n/a       n/a  
                                         
Financial liabilities:                                        
Deposits     602,559       —       600,009       —       600,009  
Other borrowings     52,112       —       52,164       —       52,164  
Federal Home Loan Bank Advances     40,000       —       40,500       —       40,500  
Subordinated debentures     17,000       —       —       10,256       10,256  
Accrued interest payable     267       —       252       15       267  

 

  Carrying
Amount		     Fair
Value		  
  (in thousands)  
December 31, 2011:                
Financial assets                
Cash and due from financial institutions   $ 15,166     $ 15,166  
Interest-bearing deposits in other financial institutions     30,297       30,297  
Loans held for sale     1,154       1,166  
Loans, net of allowance for loan losses and impaired loans     460,302       472,612  
Accrued interest receivable     3,196       3,196  
    Federal Home Loan Bank and Federal Reserve Stock     5,952       n/a  
                 
Financial liabilities                
Deposits     581,358       569,892  
Other borrowings     50,879       49,165  
Federal Home Loan Bank Advances     55,000       55,825  
Subordinated debentures     17,000       10,403  
Accrued interest payable     329       329