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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value of Financial Instruments  
Schedule of fair values of financial instruments

 

 

 

 

 

 

 

Fair Value Measurements at June 30, 2013

 

 

 

 

 

 

 

Quoted Prices in

 

 

 

 

 

 

 

 

 

 

 

Active Markets for

 

Significant Other

 

Significant

 

 

 

Carrying

 

Fair

 

Identical Assets

 

Observable Inputs

 

Unobservable Inputs

 

(In Thousands)

 

Value

 

Value

 

(Level I)

 

(Level II)

 

(Level III)

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

28,439

 

$

28,439

 

$

28,439

 

$

 

$

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

Available for sale

 

311,289

 

311,289

 

12,060

 

299,229

 

 

Loans held for sale

 

5,409

 

5,409

 

5,409

 

 

 

Loans, net

 

777,557

 

774,344

 

 

 

774,344

 

Bank-owned life insurance

 

25,022

 

25,022

 

25,022

 

 

 

Accrued interest receivable

 

4,999

 

4,999

 

4,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing deposits

 

$

744,265

 

$

723,925

 

$

484,783

 

$

 

$

239,142

 

Noninterest-bearing deposits

 

211,096

 

211,096

 

211,096

 

 

 

Short-term borrowings

 

39,000

 

39,000

 

39,000

 

 

 

Long-term borrowings, FHLB

 

70,750

 

73,067

 

 

 

73,067

 

Accrued interest payable

 

442

 

442

 

442

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2012

 

 

 

 

 

 

 

Quoted Prices in

 

 

 

 

 

 

 

 

 

 

 

Active Markets for

 

Significant Other

 

Significant

 

 

 

Carrying

 

Fair

 

Identical Assets

 

Observable Inputs

 

Unobservable Inputs

 

(In Thousands)

 

Value

 

Value

 

(Level I)

 

(Level II)

 

(Level III)

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

15,142

 

$

15,142

 

$

15,142

 

$

 

$

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

Available for sale

 

289,316

 

289,316

 

11,653

 

277,663

 

 

Loans held for sale

 

3,774

 

3,774

 

3,774

 

 

 

Loans, net

 

504,615

 

506,406

 

 

 

506,406

 

Bank-owned life insurance

 

16,362

 

16,362

 

16,362

 

 

 

Accrued interest receivable

 

4,099

 

4,099

 

4,099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing deposits

 

$

527,073

 

$

530,485

 

$

359,979

 

$

 

$

170,506

 

Noninterest-bearing deposits

 

114,953

 

114,953

 

114,953

 

 

 

Short-term borrowings

 

33,204

 

33,204

 

33,204

 

 

 

Long-term borrowings, FHLB

 

76,278

 

80,772

 

 

 

80,772

 

Accrued interest payable

 

366

 

366

 

366