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Fair Values of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
Fair Values of Financial Instruments [Abstract]  
Estimated recorded book balances and fair values
The estimated recorded book balances and fair values follow:
 
 
Recorded
Book
Balance
 
Fair Value
 
Fair Value Using
 
   
Quoted
Prices
in Active
Markets
for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Un-
observable
Inputs
(Level 3)
 
   
   
   
   
   
   
   
  
(In thousands)
 
March 31, 2017
           
Assets
           
Cash and due from banks
 
$
29,866
  
$
29,866
  
$
29,866
  
$
-
  
$
-
 
Interest bearing deposits
  
39,957
   
39,957
   
39,957
   
-
   
-
 
Interest bearing deposits - time
  
5,340
   
5,357
   
-
   
5,357
   
-
 
Trading securities
  
331
   
331
   
331
   
-
   
-
 
Securities available for sale
  
608,964
   
608,964
   
-
   
608,964
   
-
 
Federal Home Loan Bank and Federal
                    
Reserve Bank Stock
  
15,543
 
NA
 
NA
 
NA
 
NA
 
Net loans and loans held for sale (1)
  
1,721,180
   
1,689,457
   
-
   
70,471
   
1,618,986
 
Accrued interest receivable
  
7,697
   
7,697
   
1
   
2,795
   
4,901
 
Derivative financial instruments
  
2,145
   
2,145
   
-
   
2,145
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (2)
 
$
1,786,095
  
$
1,786,095
  
$
1,786,095
  
$
-
  
$
-
 
Deposits with stated maturity (2)
  
476,964
   
474,892
   
-
   
474,892
   
-
 
Other borrowings
  
9,433
   
10,253
   
-
   
10,253
   
-
 
Subordinated debentures
  
35,569
   
26,018
   
-
   
26,018
   
-
 
Accrued interest payable
  
1,223
   
1,223
   
20
   
1,203
   
-
 
Derivative financial instruments
  
1,294
   
1,294
   
-
   
1,294
   
-
 
                     
December 31, 2016
                    
Assets
                    
Cash and due from banks
 
$
35,238
  
$
35,238
  
$
35,238
  
$
-
  
$
-
 
Interest bearing deposits
  
47,956
   
47,956
   
47,956
   
-
   
-
 
Interest bearing deposits - time
  
5,591
   
5,611
   
-
   
5,611
   
-
 
Trading securities
  
410
   
410
   
410
   
-
   
-
 
Securities available for sale
  
610,616
   
610,616
   
-
   
610,616
   
-
 
Federal Home Loan Bank and Federal
                    
Reserve Bank Stock
  
15,543
 
NA
 
NA
 
NA
 
NA
 
Net loans and loans held for sale (1)
  
1,655,335
   
1,629,587
   
-
   
67,321
   
1,562,266
 
Accrued interest receivable
  
7,316
   
7,316
   
5
   
2,364
   
4,947
 
Derivative financial instruments
  
2,251
   
2,251
   
-
   
2,251
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (2)
 
$
1,740,601
  
$
1,740,601
  
$
1,740,601
  
$
-
  
$
-
 
Deposits with stated maturity (2)
  
485,118
   
483,469
   
-
   
483,469
   
-
 
Other borrowings
  
9,433
   
10,371
   
-
   
10,371
   
-
 
Subordinated debentures
  
35,569
   
25,017
   
-
   
25,017
   
-
 
Accrued interest payable
  
932
   
932
   
21
   
911
   
-
 
Derivative financial instruments
  
975
   
975
   
-
   
975
   
-
 

(1)
Net loans and loans held for sale include $32.9 million and $31.4 million of payment plan receivables and commercial loans held for sale at March 31, 2017 and December 31, 2016, respectively.
(2)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $12.9 million and $7.4 million at March 31, 2017 and December 31, 2016, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $28.5 million and $31.3 million March 31, 2017 and December 31, 2016, respectively.