Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value of Financial Instruments [Abstract]

Book Value and Estimated Fair Value of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated:

			Fair Value of Financial Instruments Using
March 31, 2018 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	134,984	$	134,984	$	-	$	-	$	134,984
Investment Securities Available-for-Sale		495,814		143,609		349,705		2,500		495,814
Investment Securities Held-to-Maturity		53,527		-		37,028		16,717		53,745
FHLB Stock		10,342		N/A		N/A		N/A		N/A
Loans & Leases, Net of Deferred Fees & Allowance		2,184,406		-		-		2,152,504		2,152,504
Accrued Interest Receivable		9,237		-		9,237		-		9,237
Liabilities:
Deposits		2,701,405		2,218,642		478,846		-		2,697,488
Subordinated Debentures		10,310		-		7,751		-		7,751
Accrued Interest Payable		909		-		909		-		909

			Fair Value of Financial Instruments Using
December 31, 2017 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	187,149	$	187,149	$	-	$	-	$	187,149
Investment Securities Available-for-Sale		481,596		29,580		449,516		2,500		481,596
Investment Securities Held-to-Maturity		54,460		-		38,492		16,744		55,236
FHLB Stock		10,342		N/A		N/A		N/A		N/A
Loans & Leases, Net of Deferred Fees & Allowance		2,164,953		-		-		2,137,987		2,137,987
Accrued Interest Receivable		10,999		-		10,999		-		10,999
Liabilities:
Deposits		2,723,228		2,247,831		472,671		-		2,720,502
Subordinated Debentures		10,310		-		7,428		-		7,428
Accrued Interest Payable		1,137		-		1,137		-		1,137

			Fair Value of Financial Instruments Using
March 31, 2017 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	164,512	$	164,512	$	-	$	-	$	164,512
Investment Securities Available-for-Sale		452,842		104,619		347,723		500		452,842
Investment Securities Held-to-Maturity		57,281		-		39,991		17,682		57,673
FHLB Stock		8,872		N/A		N/A		N/A		N/A
Loans & Leases, Net of Deferred Fees & Allowance		2,097,632		-		-		2,076,248		2,076,248
Accrued Interest Receivable		7,962		-		7,962		-		7,962
Liabilities:
Deposits		2,607,613		2,017,969		587,811		-		2,605,780
Subordinated Debentures		10,310		-		6,581		-		6,581
Accrued Interest Payable		882		-		882		-		882