Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2012
Fair Value Measurements Tables  
Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

 

(Dollars in Thousands)   Level 1 Inputs   Level 2 Inputs   Level 3 Inputs   Total Fair Value
2012                                
ASSETS:                                
Securities available for sale:                                
   U.S. Treasury   $ 97,249     $ —       $ —       $ 97,249  
   U.S. Government Agency     —         51,664       —         51,664  
   States and Political Subdivisions     —         79,879       —         79,879  
   Mortgage-Backed Securities     —         56,982       —         56,982  
   Other Securities     —         11,211       —         11,211  
LIABILITIES:                                
 Fair Value Swap     —         —         —         —    
                                 
2011                                
Securities available for sale:                                
   U.S. Treasury   $ 169,464     $ —       $ —       $ 169,464  
   U.S. Government Agency     —         14,737       —         14,737  
   State and Political Subdivisions     —         59,094       —         59,094  
   Mortgage-Backed Securities     —         52,497       —         52,497  
   Other Securities     —         11,357       —         11,357  
LIABILITIES:                                
 Fair Value Swap     —         —         572       572  

 
Schedule of financial instruments with estimated fair values

 

    2012
(Dollars in Thousands)   Carrying
Value		   Level 1 Inputs   Level 2 Inputs   Level 3 Inputs
ASSETS:                                
Cash   $ 66,238     $ 66,238     $ —       $ —    
Short-Term Investments     443,494       443,494       —         —    
Investment Securities     296,985       97,249       199,736       —    
Loans Held for Sale     14,189       —         14,189       —    
Loans, Net of Allowance for Loan Losses     1,477,946       —         —         1,370,056  
                                 
LIABILITIES:                                
Deposits   $ 2,144,996     $ —       $ 2,145,547     $ —    
Short-Term Borrowings     47,435       —         46,503       —    
Subordinated Notes Payable     62,887       —         62,896       —    
Long-Term Borrowings     46,859       —         50,003       —    

 

    2011
(Dollars in Thousands)   Carrying
Value		   Level 1 Inputs   Level 2 Inputs   Level 3 Inputs
ASSETS:                                
Cash   $ 54,953     $ 54,953     $ —       $ —    
Short-Term Investments     330,361       330,361       —         —    
Investment Securities     307,149       169,464       137,685       —    
Loans Held for Sale     21,225       —         21,225       —    
Loans, Net of Allowance for Loan Losses     1,576,423       —         —         1,464,588  
                                 
LIABILITIES:                                
Deposits   $ 2,172,519     $ —       $ 2,173,331     $ —    
Short-Term Borrowings     43,372       —         42,021       —    
Subordinated Notes Payable     62,887       —         62,858       —    
Long-Term Borrowings     44,606       —         47,770       —