XML 30 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of assets reported on the balance sheet at their fair value on a recurring basis
 
 
March 31, 2014
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a recurring basis:
 
 

 
 

 
 

 
 

Investment securities, available for sale:
 
 

 
 

 
 

 
 

U.S. Government and agency securities
 
$
—

 
$
9,246

 
$
—

 
$
9,246

Mortgage-backed securities
 
 
 
13,622

 
 
 
13,622

Asset-backed securities
 
 
 
2,662

 
 
 
2,662

State and political securities
 
—

 
132,983

 
—

 
132,983

Other debt securities
 
—

 
103,823

 
—

 
103,823

Financial institution equity securities
 
9,838

 
—

 
—

 
9,838

Other equity securities
 
3,859

 
—

 
—

 
3,859

Total assets measured on a recurring basis
 
$
13,697

 
$
262,336

 
$
—

 
$
276,033

 
 
 
December 31, 2013
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a recurring basis:
 
 

 
 

 
 

 
 

Investment securities, available for sale:
 
 

 
 

 
 

 
 

U.S. Government and agency securities
 
$
—

 
$
9,923

 
$
—

 
$
9,923

Mortgage-backed securities
 
—

 
10,592

 
 
 
10,592

Asset-backed securities
 
—

 
6,564

 
 
 
6,564

State and political securities
 
—

 
141,795

 
—

 
141,795

Other debt securities
 
—

 
106,773

 
—

 
106,773

Financial institution equity securities
 
10,662

 
—

 
—

 
10,662

Other equity securities
 
2,303

 
—

 
—

 
2,303

Total assets measured on a recurring basis
 
$
12,965

 
$
275,647

 
$
—

 
$
288,612

Schedule of assets reported on the consolidated balance sheet at their fair value on a non-recurring basis
 
 
March 31, 2014
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a non-recurring basis:
 
 

 
 

 
 

 
 

Impaired loans
 
$
—

 
$
—

 
$
10,410

 
$
10,410

Other real estate owned
 
—

 
—

 
1,466

 
1,466

Total assets measured on a non-recurring basis
 
$
—

 
$
—

 
$
11,876

 
$
11,876

 
 
 
December 31, 2013
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a non-recurring basis:
 
 

 
 

 
 

 
 

Impaired loans
 
$
—

 
$
—

 
$
8,473

 
$
8,473

Other real estate owned
 
—

 
—

 
1,898

 
1,898

Total assets measured on a non-recurring basis
 
$
—

 
$
—

 
$
10,371

 
$
10,371

Schedule of listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
 
 
March 31, 2014
 
 
Quantitative Information About Level III Fair Value Measurements
(In Thousands)
 
Fair Value
 
Valuation Technique(s)
 
Unobservable Inputs
 
Range
 
Weighted Average
Impaired loans
 
$
10,410

 
Discounted cash flow
 
Temporary reduction in payment amount
 
0 to -91%
 
-17%
 
 
 

 
 
 
Probability of default
 
—%
 
—%
 
 
 

 
Appraisal of collateral
 
Appraisal adjustments (1)
 
0 to -44%
 
-21%
Other real estate owned
 
$
1,466

 
Appraisal of collateral (1)
 
 
 
 
 
 
 
(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.
 
 
December 31, 2013
 
 
Quantitative Information About Level III Fair Value Measurements
(In Thousands)
 
Fair Value
 
Valuation Technique(s)
 
Unobservable Inputs
 
Range
 
Weighted Average
Impaired loans
 
$
8,473

 
Discounted cash flow
 
Temporary reduction in payment amount
 
0 to -91%
 
-18%
 
 
 
 
 
 
Probability of default
 
—%
 
—%
 
 
 
 
Appraisal of collateral
 
Appraisal adjustments (1)
 
0 to -44%
 
-21%
Other real estate owned
 
$
1,898

 
Appraisal of collateral (1)
 
 
 
 
 
 
(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.