Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

Assets and liabilities measured at fair value on a recurring basis

	December 31, 2015
	Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Financial Assets:
Available-for-sale securities	$	74,974	$	201,047	$	-	$	276,021
Customer interest rate swaps		-		1,528		-		1,528
Correspondent interest rate caps		-		25		-		25
Financial Liabilities:
Correspondent interest rate swaps	$	-	$	1,612	$	-	$	1,612
Customer interest rate caps		-		25		-		25

	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

	December 31, 2015
	Level 3		Total		Losses for the Year Ended  December 31, 2015
	(Dollars in thousands)
Assets Measured on a Nonrecurring Basis:
Impaired loans	$	32,988	$	32,988	$	14,581
Real estate acquired by foreclosure		1,665		1,665		155

	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

Estimated fair values of the Company's financial instruments

	December 31, 2015
	Carrying Value		Level 1		Level 2		Level 3		Fair Value
	(Dollars in thousands)
Financial Assets:
Cash and short term investments	$	124,906	$	124,906	$	-	$	-	$	124,906
Available-for-sale securities		276,021		74,974		201,047		-		276,021
Held-to-maturity securities		42,130		-		41,996		-		41,996
Other securities		20,320		20,320		-		-		20,320
Loans held for sale		384		384		-		-		384
Loans held for investment		3,130,669		-		-		3,147,615		3,147,615
Real estate acquired by foreclosure		12,122		-		-		12,122		12,122
Total	$	3,606,552	$	220,584	$	243,043	$	3,159,737	$	3,623,364
Financial Liabilities:
Deposits	$	3,100,748	$	-	$	3,100,748	$	-	$	3,100,748
Securities sold under agreements to repurchase		3,073		-		3,073		-		3,073
Other borrowed funds		223,265		-		221,104		-		221,104
Subordinated debentures		13,187		-		13,187		-		13,187
Total	$	3,340,273	$	-	$	3,338,112	$	-	$	3,338,112

	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