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, 2013
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
2013                                
Securities Available for Sale:                                
   U.S. Government Treasury   $ 71,833     $ —       $ —       $ 71,833  
   U.S. Government Agency     —         75,146       —         75,146  
   States and Political Subdivisions     —         91,753       —         91,753  
   Mortgage-Backed Securities     —         2,795       —         2,795  
   Other Securities     —         9,893       —         9,893  
                                 
2012                                
Securities Available for Sale:                                
   U.S. Government 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  
Schedule of financial instruments with estimated fair values
    2013
(Dollars in Thousands)   Carrying
Value		   Level 1 Inputs   Level 2 Inputs   Level 3 Inputs
ASSETS:                                
Cash   $ 55,209     $ 55,209     $ —       $ —    
Short-Term Investments     474,719       474,719       —         —    
Investment Securities, Available for Sale     251,420       71,833       179,587       —    
Investment Securities, Held to Maturity     148,211       43,579       103,382       —    
Loans Held for Sale     11,065       —         11,065          
Loans, Net of Allowance for Loan Losses     1,365,509       —                 1,265,827  
                                 
LIABILITIES:                                
Deposits   $ 2,136,248     $ —       $ 2,136,737     $ —    
Short-Term Borrowings     51,321       —         50,754       —    
Subordinated Notes Payable     62,887       —         62,886       —    
Long-Term Borrowings     38,043       —         39,450       —    

 

    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, Available for Sale     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       —