Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

Assets and liabilities measured at fair value on a recurring basis

	December 31, 2014
	Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Financial Assets:
Available-for-sale securities	$	27,035	$	160,530	$	-	$	187,565
Customer interest rate swaps		-		274		-		274
Financial Liabilities:
Correspondent interest rate swaps	$	-	$	287	$	-	$	287

	December 31, 2013
	Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Financial Assets:
Available-for-sale securities	$	15,000	$	183,237	$	-	$	198,237
Customer interest rate swaps		-		433		-		433
Financial Liabilities:
Correspondent interest rate swaps	$	-	$	456	$	-	$	456

Schedule of fair value of assets measured on a nonrecurring basis

	December 31, 2014
	Level 3		Total		Losses for the Year Ended  December 31, 2014
	(Dollars in thousands)
Assets Measured on a Nonrecurring Basis:
Impaired loans	$	1,277	$	1,277	$	160
Real estate acquired by foreclosure		1,820		1,820		141

	December 31, 2013
	Level 3		Total		Losses for the Year Ended  December 31, 2013
	(Dollars in thousands)
Assets Measured on a Nonrecurring Basis:
Impaired loans	$	9,390	$	9,390	$	3,865
Real estate acquired by foreclosure		1,961		1,961		333

Estimated fair values of the Company's financial instruments

	December 31, 2014
	Carrying Value		Level 1		Level 2		Level 3		Fair Value
	(Dollars in thousands)
Financial Assets:
Cash and short term investments	$	68,923	$	68,923	$	-	$	-	$	68,923
Available-for-sale securities		187,565		27,035		160,530		-		187,565
Held-to-maturity securities		50,713		-		50,725		-		50,725
Other securities		11,365		11,365		-		-		11,365
Loans held-for-sale		573		573		-		-		573
Loans held for investment		1,799,155		-		-		1,788,454		1,788,454
Real estate acquired by foreclosure		4,863		-		-		4,863		4,863
Total	$	2,123,157	$	107,896	$	211,255	$	1,793,317	$	2,112,468
Financial Liabilities:
Deposits	$	1,845,713	$	-	$	1,849,281	$	-	$	1,849,281
Securities sold under agreements to repurchase		4,605		-		4,605		-		4,605
Other borrowed funds		47,586		-		47,561		-		47,561
Total	$	1,897,904	$	-	$	1,901,447	$	-	$	1,901,447

	December 31, 2013
	Carrying Value		Level 1		Level 2		Level 3		Fair Value
		(Dollars in thousands)
Financial Assets:
Cash and short term investments	$	34,757	$	34,757	$	-	$	-	$	34,757
Available-for-sale securities		198,237		15,000		183,237		-		198,237
Held-to-maturity securities		57,278		-		56,588		-		56,588
Other securities		7,730		7,730		-		-		7,730
Loans held for investment		1,359,415		-		-		1,342,269		1,342,269
Real estate acquired by foreclosure		6,690		-		-		6,690		6,690
Total	$	1,664,107	$	57,487	$	239,825	$	1,348,959	$	1,646,271
Financial Liabilities:
Deposits	$	1,447,372	$	-	$	1,452,900	$	-	$	1,452,900
Securities sold under agreements to repurchase		2,583		-		2,583		-		2,583
Other borrowed funds		46,858		-		46,895		-		46,895
Total	$	1,496,813	$	-	$	1,502,378	$	-	$	1,502,378