Disclosures About Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

Assets and liabilities measured at fair value on a recurring basis

	June 30, 2016
	Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Financial Assets:
Available-for-sale securities	$	20,050	$	177,351	$	-	$	197,401
Customer interest rate swaps		-		4,339		-		4,339
Correspondent interest rate caps		-		2		-		2
Financial Liabilities:
Correspondent interest rate swaps	$	-	$	4,583	$	-	$	4,583
Customer interest rate caps		-		2		-		2

	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

Schedule of fair value of assets measured on a nonrecurring basis

	June 30, 2016
	Level 3		Total		Losses for the Six Months Ended  June 30, 2016
	(Dollars in thousands)
Assets Measured on a Nonrecurring Basis:
Impaired loans	$	54,123	$	54,123	$	14,999
Other real estate owned		-		-		-

	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	$	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, 2016
	Carrying Value		Level 1		Level 2		Level 3		Fair Value
	(Dollars in thousands)
Financial Assets:
Cash and short term investments	$	199,950	$	199,950	$	-	$	-	$	199,950
Available-for-sale securities		197,401		20,050		177,351		-		197,401
Held-to-maturity securities		39,628		-		39,909		-		39,909
Other securities		17,920		17,920		-		-		17,920
Loans held for sale		6,253		6,253		-		-		6,253
Loans held for investment		3,189,436		-		-		3,207,449		3,207,449
Real estate acquired by foreclosure		6,216		-		-		6,216		6,216
Total	$	3,656,804	$	244,173	$	217,260	$	3,213,665	$	3,675,098
Financial Liabilities:
Deposits	$	3,207,261	$	-	$	3,215,865	$	-	$	3,215,865
Securities sold under agreements to repurchase		3,227		-		3,227		-		3,227
Other borrowed funds		150,000		-		148,893		-		148,893
Subordinated debentures		13,397				13,397				13,397
Total	$	3,373,885	$	-	$	3,381,382	$	-	$	3,381,382

	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