Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Of Financial Instruments [Abstract]

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The table below presents the balance of financial assets and liabilities at March 31, 2014 measured at fair value on a recurring basis:

		Fair Value Measurements at Reporting Date Using
		Quoted Prices in	Signficant
		Active Markets	Other	Signficant
		for Idential	Observable	Unobservable
		Assets	Inputs	Inputs
(In thousands)	Total	(Level 1)	(Level 2)	(Level 3)
Assets
U.S. Treasury Obligations	$              100	$                        -	$                   100	$                        -
Agency MBSs	98,657	-	98,657	-
Agency CMBSs	17,626	-	17,626	-
Agency CMOs	78,461	-	78,461	-
CLOs	19,722	-	19,722	-
ABSs	391	-	391	-
Interest rate swap agreements	371	-	371	-
Total assets	$       215,328	$                        -	$            215,328	$                        -
Liabilities
Interest rate swap agreements	1,034	-	1,034	-
Total liabilities	$           1,034	$                        -	$                1,034	$                        -

The table below presents the balance of financial assets and liabilities at December 31, 2013 measured at fair value on a recurring basis:

		Fair Value Measurements at Reporting Date Using
		Quoted Prices in	Signficant
		Active Markets	Other	Signficant
		for Idential	Observable	Unobservable
		Assets	Inputs	Inputs
(In thousands)	Total	(Level 1)	(Level 2)	(Level 3)
Assets
U.S. Treasury Obligations	$              100	$                        -	$                   100	$                        -
Agency MBSs	99,271	-	99,271	-
Agency CMBSs	17,638	-	17,638	-
Agency CMOs	97,209	-	97,209	-
CLOs	37,907	-	37,907	-
ABSs	388	-	388	-
Interest rate swap agreements	803	-	803	-
Total assets	$       253,316	$                        -	$            253,316	$                        -
Liabilities
Interest rate swap agreements	1,529	-	1,529	-
Total liabilities	$           1,529	$                        -	$                1,529	$                        -

Financial Assets Measured At Fair Value On A Nonrecurring Basis

The table below presents the balance of financial assets by class at March 31, 2014 measured at fair value on a nonrecurring basis:

	Carrying
(In thousands)	Amount	Fair Value	Level 1	Level 2	Level 3
Cash and cash equivalents	$              76,484	$              76,484	$              76,484	$                   -	$               -
Securities available for sale	214,957	214,957	-	214,957	-
Securities held to maturity	150,382	147,480	-	147,480	-
FHLB stock	7,496	N/A	N/A	N/A	N/A
Loans, net of allowance for loan losses	1,159,563	1,162,339	-	-	1,162,339
Interest rate contract-cash flow hedge	371	371	-	371	-
Accrued interest receivable	4,317	4,317	-	866	3,451
Total assets	$         1,613,570	$         1,605,948	$              76,484	$        363,674	$ 1,165,790
Deposits	$         1,326,057	$         1,326,947	$         1,042,684	$        284,263	$               -
Securities sold under agreement to repurchase	182,647	182,628	-	182,628	-
Other long-term debt	2,382	2,298	-	2,298	-
Junior subordinated debentures issued to unconsolidated subsidiary trust	20,619	14,244	-	14,244	-
Interest rate contract-cash flow hedge	1,034	1,034	-	1,034	-
Accrued interest payable	185	185	15	170	-
Total liabilities	$         1,532,924	$         1,527,336	$         1,042,699	$        484,637	$               -

The table below presents the balance of financial assets by class at December 31, 2013 measured at fair value on a nonrecurring basis:

	Carrying
(In thousands)	Amount	Fair Value	Level 1	Level 2	Level 3
Cash and cash equivalents	$            115,471	$            115,471	$            115,471	$                   -	$               -
Securities available for sale	252,513	252,513	-	252,513	-
Securities held to maturity	140,826	137,087	-	137,087	-
FHLB stock	7,496	N/A	N/A	N/A	N/A
Loans, net of allowance for loan losses	1,154,191	1,155,348	-	-	1,155,348
Interest rate swap agreement	803	803	-	803	-
Accrued interest receivable	3,982	3,982	-	958	3,024
Total assets	$         1,675,282	$         1,665,204	$            115,471	$        391,361	$ 1,158,372
Deposits	$         1,323,576	$         1,324,634	$         1,018,472	$        306,162	$               -
Securities sold under agreement to repurchase	250,314	250,290	-	250,290	-
Other long-term debt	2,403	2,287	-	2,287	-
Junior subordinated debentures issued to unconsolidated subsidiary trust	20,619	14,189	-	14,189	-
Interest rate swap agreement	1,529	1,529	-	1,529	-
Accrued interest payable	214	214	15	199	-
Total liabilities	$         1,598,655	$         1,593,143	$         1,018,487	$        574,656	$               -