XML 46 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Values of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2018
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)
 
September 30, 2018
               
Assets
               
Cash and due from banks
 
$
35,180
  
$
35,180
  
$
35,180
  
$
-
  
$
-
 
Interest bearing deposits
  
17,990
   
17,990
   
17,990
   
-
   
-
 
Interest bearing deposits - time
  
593
   
593
   
-
   
593
   
-
 
Equity securities at fair value
  
285
   
285
   
285
   
-
   
-
 
Securities available for sale
  
436,957
   
436,957
   
-
   
436,957
   
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
  
18,355
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
2,579,502
   
2,533,221
   
-
   
41,325
   
2,491,896
 
Accrued interest receivable
  
10,791
   
10,791
   
1
   
2,383
   
8,407
 
Derivative financial instruments
  
7,734
   
7,734
   
-
   
7,734
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (1)
 
$
2,143,552
  
$
2,143,552
  
$
2,143,552
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
655,091
   
649,709
   
-
   
649,709
   
-
 
Other borrowings
  
79,688
   
79,275
   
-
   
79,275
   
-
 
Subordinated debentures
  
39,371
   
36,888
   
-
   
36,888
   
-
 
Accrued interest payable
  
1,463
   
1,463
   
110
   
1,353
   
-
 
Derivative financial instruments
  
2,696
   
2,696
   
-
   
2,696
   
-
 
                     
December 31, 2017
                    
Assets
                    
Cash and due from banks
 
$
36,994
  
$
36,994
  
$
36,994
  
$
-
  
$
-
 
Interest bearing deposits
  
17,744
   
17,744
   
17,744
   
-
   
-
 
Interest bearing deposits - time
  
2,739
   
2,740
   
-
   
2,740
   
-
 
Trading securities
  
455
   
455
   
455
   
-
   
-
 
Securities available for sale
  
522,925
   
522,925
   
898
   
522,027
   
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
  
15,543
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
2,035,666
   
1,962,937
   
-
   
39,436
   
1,923,501
 
Accrued interest receivable
  
8,609
   
8,609
   
1
   
2,192
   
6,416
 
Derivative financial instruments
  
3,080
   
3,080
   
-
   
3,080
   
-
 
                     
Liabilities
                    
Deposits with no stated maturity (1)
 
$
1,845,716
  
$
1,845,716
  
$
1,845,716
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
554,818
   
551,489
   
-
   
551,489
   
-
 
Other borrowings
  
54,600
   
54,918
   
-
   
54,918
   
-
 
Subordinated debentures
  
35,569
   
29,946
   
-
   
29,946
   
-
 
Accrued interest payable
  
892
   
892
   
48
   
844
   
-
 
Derivative financial instruments
  
1,292
   
1,292
   
-
   
1,292
   
-
 

(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $44.681 million and $12.992 million at September 30, 2018 and December 31, 2017, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $47.954 million and $37.987 million September 30, 2018 and December 31, 2017, respectively.