Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Carrying Amount And Estimated Fair Value Of Assets And Liabilities



	September 30, 2018
			Quoted prices in	Significant other	Significant
			active markets for	observable	unobservable
	Carrying	Estimated	identical assets	inputs	inputs
	amount	fair value	(Level 1)	(Level 2)	(Level 3)
Investment securities, available-for-sale	$ 1,274,417	$ 1,274,417	$ -	$ 1,222,371	$ 52,046
Investment securities, held-to-maturity	84,433	83,751	-	76,363	7,388
Securities purchased under agreements to resell	64,518	64,518	64,518	-	-
Federal Home Loan Bank and Atlantic Central Bankers Bank stock	1,113	1,113	-	-	1,113
Commercial loans held for sale	308,470	308,470	-	-	308,470
Loans, net of deferred loan fees and costs	1,496,773	1,494,821	-	-	1,494,821
Investment in unconsolidated entity	64,212	64,212	-	-	64,212
Assets held for sale from discontinued operations	226,026	226,026	-	-	226,026
Interest rate swaps, asset	2,830	2,830	-	2,830	-
Demand and interest checking	3,540,605	3,540,605	3,540,605	-	-
Savings and money market	317,453	317,453	317,453	-	-
Subordinated debentures	13,401	10,091	-	-	10,091
Securities sold under agreements to repurchase	158	158	158	-	-



	December 31, 2017
			Quoted prices in	Significant other	Significant
			active markets for	observable	unobservable
	Carrying	Estimated	identical assets	inputs	inputs
	amount	fair value	(Level 1)	(Level 2)	(Level 3)
Investment securities, available-for-sale	$ 1,294,484	$ 1,294,484	$ -	$ 1,253,840	$ 40,644
Investment securities, held-to-maturity	86,380	85,345	-	78,745	6,600
Securities purchased under agreements to resell	64,312	64,312	64,312	-	-
Federal Home Loan Bank and Atlantic Central Bankers Bank stock	991	991	-	-	991
Commercial loans held for sale	503,316	503,316	-	-	503,316
Loans, net of deferred loan fees and costs	1,392,228	1,391,701	-	-	1,391,701
Investment in unconsolidated entity	74,473	74,473	-	-	74,473
Assets held for sale from discontinued operations	304,313	304,313	-	-	304,313
Interest rate swaps, asset	1,243	1,243	-	1,243	-
Demand and interest checking	3,806,965	3,806,965	3,806,965	-	-
Savings and money market	453,877	453,877	453,877	-	-
Subordinated debentures	13,401	9,173	-	-	9,173
Securities sold under agreements to repurchase	217	217	217	-	-

Company's Level 3 Assets



	Fair Value Measurements Using
	Significant Unobservable Inputs
	(Level 3)

	Available-for-sale		Commercial loans
	securities		held for sale
	September 30, 2018	December 31, 2017	September 30, 2018	December 31, 2017
Beginning balance	$ 40,644	$ -	$ 503,316	$ 663,140
Transfers into level 3	-	19,441	-	-
Transfers out of level 3	(45,998)	-	-	-
Total gains or losses (realized/unrealized)
Included in earnings	-	-	18,097	19,883
Included in other comprehensive loss	(476)	(497)	-	-
Purchases, issuances, sales and settlements
Purchases	62,076	24,112	-
Issuances	-	-	485,198	521,914
Sales	-	-	(698,141)	(701,621)
Settlements	(4,200)	(2,412)	-	-
Ending balance	$ 52,046	$ 40,644	$ 308,470	$ 503,316

Total gains or (losses) year to date included
in earnings attributable to the change in
unrealized gains or losses relating to assets still
held at the reporting date as shown above.	$ -	$ -	$ (1,909)	$ 911


	Fair Value Measurements Using
	Significant Unobservable Inputs
	(Level 3)

	Investment in			Assets held for sale
	unconsolidated entity			from discontinued operations
		September 30, 2018	December 31, 2017	September 30, 2018	December 31, 2017
Beginning balance		$ 74,473	$ 126,930	$ 304,313	$ 360,711
Transfers into level 3		-	-	-	-
Transfers out of level 3		-	-	-	-
Total gains or losses (realized/unrealized)
Included in earnings		(2,981)	(20)	(198)	557
Included in other comprehensive income		-	-	-	-
Purchases, issuances, sales, settlements and charge-offs
Purchases		-	-	-	-
Issuances		-	-	551	11,450
Sales		-	-	(35,000)	-
Settlements		(7,280)	(52,437)	(32,896)	(52,450)
Charge-offs		-	-	(10,744)	(15,955)
Ending balance		$ 64,212	$ 74,473	$ 226,026	$ 304,313

Total gains or (losses) year to date included
in earnings attributable to the change in
unrealized gains or losses relating to assets still
held at the reporting date as shown above.		$ (2,981)	$ (20)	$ (198)	$ (4,776)

Fair Value, Measurements, Recurring [Member]

Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis


		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
	Fair value	assets	inputs	inputs
	September 30, 2018	(Level 1)	(Level 2)	(Level 3)

Investment securities, available-for-sale
U.S. Government agency securities	$ 53,963	$ -	$ 53,963	$ -
Asset-backed securities	206,228	-	206,228	-
Obligations of states and political subdivisions	67,906	-	67,906	-
Residential mortgage-backed securities	380,489	-	380,489	-
Collateralized mortgage obligation securities	266,449	-	266,449	-
Commercial mortgage-backed securities	299,382	-	247,336	52,046
Total investment securities available-for-sale	1,274,417	-	1,222,371	52,046
Commercial loans held for sale	308,470	-	-	308,470
Investment in unconsolidated entity	64,212	-	-	64,212
Assets held for sale from discontinued operations	226,026	-	-	226,026
Interest rate swaps, asset	2,830	-	2,830	-
	$ 1,875,955	$ -	$ 1,225,201	$ 650,754



		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
	Fair value	assets	inputs	inputs
	December 31, 2017	(Level 1)	(Level 2)	(Level 3)

Investment securities, available-for-sale
U.S. Government agency securities	$ 49,902	$ -	$ 49,902	$ -
Asset-backed securities	270,085	-	270,085	-
Obligations of states and political subdivisions	75,849	-	75,849	-
Residential mortgage-backed securities	448,852	-	448,852	-
Collateralized mortgage obligation securities	246,493	-	246,493	-
Commercial mortgage-backed securities	203,303	-	162,659	40,644
Total investment securities available-for-sale	1,294,484	-	1,253,840	40,644
Commercial loans held for sale	503,316	-	-	503,316
Investment in unconsolidated entity	74,473	-	-	74,473
Assets held for sale from discontinued operations	304,313	-	-	304,313
Interest rate swaps, asset	1,243	-	1,243	-
	$ 2,177,829	$ -	$ 1,255,083	$ 922,746

Fair Value Inputs, Assets, Quantitative Information



	Fair value at	Fair value at			Range at	Range at
Level 3 instruments only	September 30, 2018	December 31, 2017	Valuation techniques	Unobservable inputs	September 30, 2018	December 31, 2017

Investment securities, available-for-sale	$ 52,046	$ 40,644	Discounted cash flow	Discount rate	4.88% - 6.31%	7.0% - 9.5%
Investment securities, held-to-maturity	7,388	6,600	Discounted cash flow	Discount rate	8.22%	8.00%
Federal Home Loan Bank and Atlantic	1,113	991	Cost	N/A	N/A	N/A
Central Bankers Bank stock
Loans, net of deferred loan fees and	1,494,821	1,391,701	Discounted cash flow	Discount rate	4.21% - 7.43%	3.5% - 7.2%
costs
Commercial - SBA	193,372	165,176	Traders' pricing	Offered quotes	100 - 115.125	100 - 117.25
Commercial - fixed	94,351	118,608	Discounted cash flow	Discount rate	5.54% - 7.29%	4.85% - 7.05%
Commercial - floating	20,747	219,532	Discounted cash flow	Discount rate	6.15% - 7.44%	5.53% - 6.04%
Commercial loans held for sale	308,470	503,316
Investment in unconsolidated entity	64,212	74,473	Discounted cash flow	Discount rate	5.46%	4.75%
				Default rate	1.00%	1.00%
Assets held for sale from discontinued	226,026	304,313	Discounted cash flow	Discount rate,	5.00% - 10.39%	3.89% - 9.59%
operations				Credit analysis
Subordinated debentures	10,091	9,173	Discounted cash flow	Discount rate	8.22%	7.00%

Fair Value, Measurements, Nonrecurring [Member]

Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis

		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
	Fair value	assets	inputs	inputs
Description	September 30, 2018	(Level 1)	(Level 2)	(Level 3)

Impaired loans - collateral dependent (!)	$ 4,063	$ -	$ -	$ 4,063
Other real estate owned	405	-	-	405
Intangible assets	4,229	-	-	4,229
	$ 8,697	$ -	$ -	$ 8,697



		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
	Fair value	assets	inputs	inputs
Description	December 31, 2017	(Level 1)	(Level 2)	(Level 3)

Impaired loans - collateral dependent (!)	$ 3,559	$ -	$ -	3,559
Other real estate owned	450	-	-	450
Intangible assets	5,377	-	-	5,377
	$ 9,386	$ -	$ -	$ 9,386

(1)

The method of valuation approach for the impaired loans was the market value approach based upon appraisals of the underlying collateral by external appraisers, reduced by 7% to 10% for estimated selling costs. Intangible assets are valued based upon internal analyses.