Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Schedule Of Estimated Fair Values

Estimated fair values as of the periods indicated are as follows:

	September 30, 2014				December 31, 2013
(In Thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair  Value
Financial assets:
Level 1 inputs:
Cash, due from banks and deposits in other banks		$129,341		$129,341		$99,091		$99,091
Investment securities	33,558		33,558		20,487		20,487
Level 2 inputs:
Investment securities	209,646		209,772		232,305		232,458
Accrued interest receivable	3,483		3,483		2,729		2,729
Interest rate contracts	46		46		186		186
Level 3 inputs:
Loans and loans held for sale, net	930,741		934,696		765,035		769,570
Purchased receivables, net	14,328		14,328		16,025		16,025
Mortgage servicing rights	1,169		1,169		—		—
Financial liabilities:
Level 2 inputs:
Deposits		$1,192,367		$1,192,152		$1,003,723		$1,003,816
Securities sold under repurchase agreements	19,931		19,931		21,143		21,143
Borrowings	2,175		2,256		6,527		6,448
Accrued interest payable	55		55		52		52
Interest rate contracts	46		46		186		186
Level 3 inputs:
Junior subordinated debentures	18,558		16,368		18,558		15,456
Unrecognized financial instruments:
Commitments to extend credit(1)		$236,807		$2,368		$187,931		$1,879
Standby letters of credit(1)	5,948		59		6,463		65

⁽¹⁾ Carrying amounts reflect the notional amount of credit exposure under these financial instruments.

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table sets forth the balances as of the periods indicated of assets measured at fair value on a recurring basis:

(In Thousands)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
September 30, 2014
Assets:
Available for sale securities
U.S. Treasury and government sponsored entities		$178,702		$15,509		$163,193		$—
Municipal securities	15,223		—		15,223		—
U.S. Agency mortgage-backed securities	1,094		—		1,094		—
Corporate bonds	39,401		14,907		24,494		—
Preferred stock	3,142		3,142		—		—
Total available for sale securities		$237,562		$33,558		$204,004		$—
Other assets (interest rate contracts and MSR)		$1,215		$—		$46		$1,169
Liabilities:
Other liabilities (interest rate contracts)		$46		$—		$46		$—
December 31, 2013
Assets:
Available for sale securities
U.S. Treasury and government sponsored entities		$168,702		$5,538		$163,164		$—
Municipal securities	20,149		419		19,730		—
U.S. Agency mortgage-backed securities	25		—		25		—
Corporate bonds	56,778		11,496		45,282		—
Preferred stock	3,034		3,034		—		—
Total available for sale securities		$248,688		$20,487		$228,201		$—
Other assets (interest rate contracts)		$186		$—		$186		$—
Liabilities:
Other liabilities (interest rate contracts)		$186		$—		$186		$—

Schedule Of Asset Impairment Or Valuation Adjustment Recognized At Fair Value On A Nonrecurring Basis

As of and for the nine months ending September 30, 2014 and 2013, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis, except for certain assets as shown in the following table.  For loans measured for impairment, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy.    

(In Thousands)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total (gains) losses
September 30, 2014
Loans measured for impairment		$165		$—		$—		$165		($3	)
Other real estate owned	227		—		—		227		45
Total		$392		$—		$—		$392		$42
September 30, 2013
Loans measured for impairment		$498		$—		$—		$498		($474	)
Other real estate owned	426		—		—		426		70
Total		$924		$—		$—		$924		($404	)