Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2013
Fair Value Measurements [Abstract]  
Summary of fair values for assets and liabilities recorded at fair value

A summary of fair values for assets and liabilities recorded at fair value consisted of the following:

 

(Dollars in Thousands)   Level 1 Inputs   Level 2 Inputs   Level 3 Inputs   Total Fair Value
March 31, 2013                                
ASSETS:                                
Securities available for sale:                                
   U.S. Treasury   $ 94,905     $ —     $ —     $ 94,905  
   U.S. Government Agency     —       52,372       —       52,372  
   States and Political Subdivisions     —       82,994       —       82,994  
   Mortgage-Backed Securities     —       67,017       —       67,017  
   Other Securities     —       10,214       —       10,214  
                                 
December 31, 2012                                
Securities available for sale:                                
   U.S. Treasury   $ 97,249     $ —     $ —     $ 97,249  
   U.S. Government Agency     —       51,664       —       51,664  
   State and Political Subdivisions     —       79,879       —       79,879  
   Mortgage-Backed Securities     —       56,982       —       56,982  
   Other Securities     —       11,211       —       11,211  
Summary of estimated fair values of significant financial instruments

A summary of estimated fair values of significant financial instruments consisted of the following:

 

    March 31, 2013
(Dollars in Thousands)   Carrying
Value		   Level 1 Inputs   Level 2 Inputs   Level 3 Inputs
ASSETS:                                
Cash   $ 52,677     $ 52,677     $ —     $ —  
Short-Term Investments     461,714       461,714       —       —  
Investment Securities     307,502       94,905       212,597       —  
Loans Held for Sale     11,422       —       11,422       —  
Loans, Net of Allowance for Loan Losses     1,427,096       —       —       1,322,918  
                                 
LIABILITIES:                                
Deposits   $ 2,113,982     $ —     $ 2,114,482     $ —  
Short-Term Borrowings     50,682       —       50,504       —  
Subordinated Notes Payable     62,887       —       62,889       —  
Long-Term Borrowings     41,224       —       43,962       —  

 

    December 31, 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       —