XML 46 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of Estimated Fair Values of Financial Instruments

The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall (unaudited).

 

     March 31, 2018  
     Carrying
Amount
     Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

Assets

           

Cash and due from banks

   $ 63,591      $ 63,591      $ —        $ —    

Investment securities, held to maturity

     206,689        —          203,896        —    

Loans held for sale

     1,973        —          —          1,973  

Loans (excluding loan level hedges), net

     2,685,306        —          —          2,529,000  

Stock in FHLB

     18,105        —          18,105        —    

Interest receivable

     12,044        —          12,044        —    

Liabilities

           

Non-interest bearing deposits

   $ 602,175      $ 602,175      $ —        $ —    

Interest bearing deposits

     2,331,501        —          2,195,544        —    

Borrowings

     520,300        —          514,777        —    

Subordinated debentures

     37,699        —          35,546        —    

Interest payable

     1,216        —          1,216        —    

 

     December 31, 2017  
     Carrying
Amount
     Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

Assets

           

Cash and due from banks

   $ 76,441      $ 76,441      $ —        $ —    

Investment securities, held to maturity

     200,448        —          201,085        —    

Loans held for sale

     3,094        —          —          3,094  

Loans (excluding loan level hedges), net

     2,661,026        —          —          2,585,879  

Stock in FHLB

     18,105        —          18,105        —    

Interest receivable

     16,244        —          16,244        —    

Liabilities

           

Non-interest bearing deposits

   $ 601,805      $ 601,805      $ —        $ —    

Interest bearing deposits

     2,279,198        —          2,156,487        —    

Borrowings

     564,157        —          560,057        —    

Subordinated debentures

     37,653        —          35,994        —    

Interest payable

     886        —          886        —