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Fair Values of Financial Instruments (Tables)
 9 Months Ended
Sep. 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
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, 2017
               
Assets
               
Cash and due from banks
 
$
31,998
  
$
31,998
  
$
31,998
  
$
-
  
$
-
 
Interest bearing deposits
  
15,605
   
15,605
   
15,605
   
-
   
-
 
Interest bearing deposits - time
  
3,489
   
3,493
   
-
   
3,493
   
-
 
Trading securities
  
347
   
347
   
347
   
-
   
-
 
Securities available for sale
  
548,865
   
548,865
   
-
   
548,865
   
-
 
Federal Home Loan Bank and Federal
                    
Reserve Bank Stock
  
15,543
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
1,963,227
   
1,909,662
   
-
   
47,611
   
1,862,051
 
Accrued interest receivable
  
8,740
   
8,740
   
-
   
2,850
   
5,890
 
Derivative financial instruments
  
1,973
   
1,973
   
-
   
1,973
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (1)
 
$
1,808,071
  
$
1,808,071
  
$
1,808,071
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
535,690
   
533,045
   
-
   
533,045
   
-
 
Federal funds purchased
  
3,000
   
3,000
   
-
   
3,000
   
-
 
Other borrowings
  
72,849
   
73,405
   
-
   
73,405
   
-
 
Subordinated debentures
  
35,569
   
28,634
   
-
   
28,634
   
-
 
Accrued interest payable
  
1,105
   
1,105
   
40
   
1,065
   
-
 
Derivative financial instruments
  
1,073
   
1,073
   
-
   
1,073
   
-
 
                     
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 $13.5 million and $7.4 million at September 30, 2017 and December 31, 2016, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $35.5 million and $31.3 million September 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.