Fair Value of Financial Instruments - (Tables)

6 Months Ended

Jun. 30, 2017

The fair value of financial instruments at June 30, 2017 and December 31, 2016, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below:


	Level in fair value	June 30, 2017				December 31, 2016
	measurement	Carrying		Estimated		Carrying		Estimated
	hierarchy	amount		fair value		amount		fair value
ASSETS
Cash and cash equivalents	Level 1	$	129,827	$	129,827	$	152,736	$	152,736
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2		195,341		195,341		227,160		227,160
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2		668,631		668,631		652,739		652,739
Municipal securities	Level 2		2,058		2,058		3,648		3,648
Municipal securities	Level 3		265		265		265		265
Other available-for-sale securities	Level 3		419		419		419		419
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2		233,026		234,194		263,411		264,862
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2		61,865		60,675		69,094		67,711
Non-marketable securities	Level 2		18,468		18,468		14,949		14,949
Loans receivable	Level 3		3,087,945		3,096,298		2,860,921		2,879,860
Loans held-for-sale	Level 2		7,067		7,067		24,187		24,187
Accrued interest receivable	Level 2		13,294		13,294		12,562		12,562
Interest rate swap derivatives	Level 2		10,694		10,694		11,428		11,428
Mortgage banking derivatives	Level 3		157		157		287		287
LIABILITIES
Deposit transaction accounts	Level 2		2,730,976		2,730,976		2,696,603		2,696,603
Time deposits	Level 2		1,126,481		1,126,481		1,172,046		1,172,046
Securities sold under agreements to repurchase	Level 2		119,213		119,213		92,011		92,011
Federal Home Loan Bank advances	Level 2		129,115		130,642		38,665		39,324
Accrued interest payable	Level 2		5,098		5,098		4,973		4,973
Interest rate swap derivatives	Level 2		4,729		4,729		3,279		3,279
Mortgage banking derivatives	Level 3		26		26		187		187