Disclosures About Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

Assets and liabilities measured at fair value on a recurring basis

	June 30, 2015
	Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Financial Assets:
Available-for-sale securities	$	75,115	$	136,348	$	-	$	211,463
Customer interest rate swaps		-		245		-		245
Financial Liabilities:
Correspondent interest rate swaps	$	-	$	256	$	-	$	256

	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

Schedule of fair value of assets measured on a nonrecurring basis

	June 30, 2015
	Level 3		Total		Losses for the Six Months Ended  June 30, 2015
	(Dollars in thousands)
Assets Measured on a Nonrecurring Basis:
Impaired loans	$	2,158	$	2,158	$	354
Other real estate owned		2,668		2,668		375

	June 30, 2014
	Level 3		Total		Losses for the Six Months Ended  June 30, 2014
	(Dollars in thousands)
Assets Measured on a Nonrecurring Basis:
Impaired loans	$	7,769	$	7,769	$	71
Other real estate owned		1,820		1,820		141

Estimated fair values of the Company's financial instruments

	June 30, 2015
	Carrying Value		Level 1		Level 2		Level 3		Fair Value
	(Dollars in thousands)
Financial Assets:
Cash and short term investments	$	168,416	$	168,416	$	-	$	-	$	168,416
Available-for-sale securities		211,463		75,115		136,348		-		211,463
Held-to-maturity securities		47,419		-		47,344		-		47,344
Other securities		10,831		10,831		-		-		10,831
Loans held for sale		1,287		1,287		-		-		1,287
Loans held for investment		1,894,742		-		-		1,856,451		1,856,451
Real estate acquired by foreclosure		4,488		-		-		4,488		4,488
Total	$	2,338,646	$	255,649	$	183,692	$	1,860,939	$	2,300,280
Financial Liabilities:
Deposits	$	2,024,531	$	-	$	2,021,048	$	-	$	2,021,048
Securities sold under agreements to repurchase		9,858		-		9,858		-		9,858
Other borrowed funds		67,309		-		67,140		-		67,140
Total	$	2,101,698	$	-	$	2,098,046	$	-	$	2,098,046

	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