XML 35 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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
    
June 30, 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
 
$
106,899
  
$
106,899
  
$
-
  
$
-
  
$
106,899
 
                     
Investment Securities Available-for-Sale
  
450,174
   
139,476
   
308,198
   
2,500
   
450,174
 
                     
Investment Securities Held-to-Maturity
  
52,210
   
-
   
36,693
   
15,665
   
52,358
 
                     
FHLB Stock
  
10,877
   
N/A
   
N/A
   
N/A
   
N/A
 
Loans & Leases, Net of Deferred Fees & Allowance
  
2,293,311
   
-
   
-
   
2,253,733
   
2,253,733
 
Accrued Interest Receivable
  
11,548
   
-
   
11,548
   
-
   
11,548
 
                     
Liabilities:
                    
Deposits
  
2,697,273
   
2,231,153
   
462,040
   
-
   
2,693,193
 
Subordinated Debentures
  
10,310
   
-
   
7,639
   
-
   
7,639
 
Accrued Interest Payable
  
827
   
-
   
827
   
-
   
827
 

     
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
   
144,364
   
334,732
   
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
    
June 30, 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
 
$
147,191
  
$
147,191
  
$
-
  
$
-
  
$
147,191
 
                     
Investment Securities Available-for-Sale
  
461,867
   
134,620
   
325,328
   
1,919
   
461,867
 
                     
Investment Securities Held-to-Maturity
  
56,381
   
-
   
40,071
   
17,056
   
57,127
 
                     
FHLB Stock
  
10,342
   
N/A
   
N/A
   
N/A
   
N/A
 
Loans & Leases, Net of Deferred Fees & Allowance
  
2,155,018
   
-
   
-
   
2,138,109
   
2,138,109
 
Accrued Interest Receivable
  
9,739
   
-
   
9,739
   
-
   
9,739
 
                     
Liabilities:
                    
Deposits
  
2,661,878
   
2,065,151
   
594,798
   
-
   
2,659,949
 
Subordinated Debentures
  
10,310
   
-
   
6,567
   
-
   
6,567
 
Accrued Interest Payable
  
1,014
   
-
   
1,014
   
-
   
1,014