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Fair Values of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2017
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
     
Quoted
Prices
in Active
Markets
for
Identical
Assets
  
Significant
Other
Observable
Inputs
  
Significant
Un-
observable
Inputs
 
  
Balance
  
Fair Value
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
  
(In thousands)
 
June 30, 2017
               
Assets
               
Cash and due from banks
 
$
35,513
  
$
35,513
  
$
35,513
  
$
-
  
$
-
 
Interest bearing deposits
  
24,255
   
24,255
   
24,255
   
-
   
-
 
Interest bearing deposits - time
  
5,339
   
5,346
   
-
   
5,346
   
-
 
Trading securities
  
286
   
286
   
286
   
-
   
-
 
Securities available for sale
  
583,725
   
583,725
   
-
   
583,725
   
-
 
Federal Home Loan Bank and Federal
                    
Reserve Bank Stock
  
15,543
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
1,836,784
   
1,798,133
   
-
   
45,693
   
1,752,440
 
Accrued interest receivable
  
7,713
   
7,713
   
1
   
2,460
   
5,252
 
Derivative financial instruments
  
2,222
   
2,222
   
-
   
2,222
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (1)
 
$
1,769,406
  
$
1,769,406
  
$
1,769,406
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
476,813
   
474,172
   
-
   
474,172
   
-
 
Other borrowings
  
85,524
   
86,206
   
-
   
86,206
   
-
 
Subordinated debentures
  
35,569
   
28,379
   
-
   
28,379
   
-
 
Accrued interest payable
  
1,118
   
1,118
   
18
   
1,100
   
-
 
Derivative financial instruments
  
1,116
   
1,116
   
-
   
1,116
   
-
 
                     
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 (2)
  
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 (1)
 
$
1,740,601
  
$
1,740,601
  
$
1,740,601
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
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)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $13.2 million and $7.4 million at June 30, 2017 and December 31, 2016, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $33.4 million and $31.3 million June 30, 2017 and December 31, 2016, respectively.
(2)
Net loans and loans held for sale include $31.4 million of payment plan receivables and commercial loans held for sale at December 31, 2016.