Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.8
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 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
June 30, 2013                                
Securities Available for Sale:                                
   U.S. Treasury   $ 91,972     $ —       $ —       $ 91,972  
   U.S. Government Agency     —         60,952       —         60,952  
   States and Political Subdivisions     —         119,568       —         119,568  
   Mortgage-Backed Securities     —         68,008       —         68,008  
   Federal Reserve and FHLB Stock     —         10,114       —         10,114  
                                 
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  
   Federal Reserve and FHLB Stock     —         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:

 

    June 30, 2013
(Dollars in Thousands)   Carrying
Value
  Level 1 Inputs   Level 2 Inputs   Level 3 Inputs
ASSETS:                                
Cash   $ 67,811     $ 67,811     $ —       $ —    
Short-Term Investments     391,457       391,457       —         —    
Investment Securities     350,614       91,972       258,642       —    
Loans Held for Sale     15,362       —         15,362       —    
Loans, Net of Allowance for Loan Losses     1,402,823       —         —         1,300,416  
                                 
LIABILITIES:                                
Deposits   $ 2,071,123     $ —       $ 2,071,643     $ —    
Short-Term Borrowings     46,081       —         45,701       —    
Subordinated Notes Payable     62,887       —         62,891       —    
Long-Term Borrowings     41,251       —         43,006       —    

 

    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       —