XML 45 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Values of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Values of Financial Instruments [Abstract]  
Estimated recorded book balances and fair values
The estimated recorded book balances and fair values follow:

        
Fair Value Using
 
  
Recorded
Book
Balance
  
Fair Value
  
Quoted
Prices
in Active
Markets
for
Identical
Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Un-
observable
Inputs
(Level 3)
 
  
(In thousands)
 
September 30, 2016
               
Assets
               
Cash and due from banks
 
$
38,610
  
$
38,610
  
$
38,610
  
$
-
  
$
-
 
Interest bearing deposits
  
75,706
   
75,706
   
75,706
   
-
   
-
 
Interest bearing deposits - time
  
7,233
   
7,272
   
-
   
7,272
   
-
 
Trading securities
  
152
   
152
   
152
   
-
   
-
 
Securities available for sale
  
603,112
   
603,112
   
-
   
603,112
   
-
 
Federal Home Loan Bank and Federal
                    
Reserve Bank Stock
  
15,507
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
1,623,319
   
1,601,113
   
-
   
38,008
   
1,563,105
 
Accrued interest receivable
  
6,973
   
6,973
   
2
   
2,438
   
4,533
 
Derivative financial instruments
  
3,388
   
3,388
   
-
   
3,388
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (1)
 
$
1,743,864
  
$
1,743,864
  
$
1,743,864
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
463,096
   
462,297
   
-
   
462,297
   
-
 
Other borrowings
  
11,527
   
12,702
   
-
   
12,702
   
-
 
Subordinated debentures
  
35,569
   
22,223
   
-
   
22,223
   
-
 
Accrued interest payable
  
630
   
630
   
17
   
613
   
-
 
Derivative financial instruments
  
2,508
   
2,508
   
-
   
2,508
   
-
 
                     
December 31, 2015
                    
Assets
                    
Cash and due from banks
 
$
54,260
  
$
54,260
  
$
54,260
  
$
-
  
$
-
 
Interest bearing deposits
  
31,523
   
31,523
   
31,523
   
-
   
-
 
Interest bearing deposits - time
  
11,866
   
11,858
   
-
   
11,858
   
-
 
Trading securities
  
148
   
148
   
148
   
-
   
-
 
Securities available for sale
  
585,484
   
585,484
   
-
   
585,484
   
-
 
Federal Home Loan Bank and Federal
                    
Reserve Bank Stock
  
15,471
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
1,520,346
   
1,472,613
   
-
   
27,866
   
1,444,747
 
Accrued interest receivable
  
6,565
   
6,565
   
5
   
1,969
   
4,591
 
Derivative financial instruments
  
1,238
   
1,238
   
-
   
1,238
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (1)
 
$
1,659,743
  
$
1,659,743
  
$
1,659,743
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
426,220
   
423,776
   
-
   
423,776
   
-
 
Other borrowings
  
11,954
   
13,448
   
-
   
13,448
   
-
 
Subordinated debentures
  
35,569
   
23,069
   
-
   
23,069
   
-
 
Accrued interest payable
  
466
   
466
   
21
   
445
   
-
 
Derivative financial instruments
  
619
   
619
   
-
   
619
   
-
 

(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $9.3 million and $11.8 million at September 30, 2016 and December 31, 2015, respectively.  Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $37.3 million and $38.4 million at September 30, 2016 and December 31, 2015, respectively.