Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value [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 September 30, 2015 measured at fair value on a recurring basis:

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
U.S. Treasury Obligations	$	25,344	$	—	$	25,344	$	—
U.S. GSEs		17,100		—		17,100		—
FHLB Obligations		46,644		—		46,644		—
Agency MBSs		103,701		—		103,701		—
Agency CMBSs		25,520		—		25,520		—
Agency CMOs		63,404		—		63,404		—
ABSs		370		—		370		—
Interest rate swap agreements		1,363		—		1,363		—
Total assets	$	283,446	$	—	$	283,446	$	—
Liabilities
Interest rate swap agreements		1,313		—		1,313		—
Total liabilities	$	1,313	$	—	$	1,313	$	—

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

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
U.S. Treasury Obligations	$	25,093	$	—	$	25,093	$	—
Agency MBSs		95,407		—		95,407		—
Agency CMBSs		21,704		—		21,704		—
Agency CMOs		60,882		—		60,882		—
ABSs		387		—		387		—
Interest rate swap agreements		618		—		618		—
Total assets	$	204,091	$	—	$	204,091	$	—
Liabilities
Interest rate swap agreements		1,096		—		1,096		—
Total liabilities	$	1,096	$	—	$	1,096	$	—

Financial Instruments Measured At Fair Value

The table below presents the balance of financial instruments by class at September 30, 2015 measured at fair value:

	Carrying
(In thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
Cash and cash equivalents	$	111,459	$	111,459	$	111,459	$	—	$	—
Securities available for sale		282,083		282,083		—		282,083		—
Securities held to maturity		123,929		125,875		—		125,875		—
FHLB stock		4,378		N/A		N/A		N/A		N/A
Loans, net of allowance for loan losses		1,245,722		1,251,043		—		—		1,251,043
Interest rate swap agreement		1,363		1,363		—		1,363		—
Accrued interest receivable		3,676		3,676		—		1,063		2,613
Total	$	1,772,610	$	1,775,499	$	111,459	$	410,384	$	1,253,656
Deposits	$	1,387,473	$	1,387,239	$	1,195,295	$	191,944	$	—
Securities sold under agreement to repurchase		267,794		267,763		—		267,763		—
Other long-term debt		2,258		2,234		—		2,234		—
Junior subordinated debentures issued to unconsolidated subsidiary trust		20,619		15,219		—		15,219		—
Interest rate swap agreement		1,313		1,313		—		1,313		—
Accrued interest payable		133		133		12		121		—
Total	$	1,679,590	$	1,673,901	$	1,195,307	$	478,594	$	—

The table below presents the balance of financial instruments by class at December 31, 2014 measured at fair value:

	Carrying
(In thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
Cash and cash equivalents	$	154,459	$	154,459	$	154,459	$	—	$	—
Securities available for sale		203,473		203,473		—		203,473		—
Securities held to maturity		138,421		139,171		—		139,171		—
FHLB stock		4,378		N/A		N/A		N/A		N/A
Loans, net of allowance for loan losses		1,170,501		1,172,517		—		—		1,172,517
Interest rate swap agreement		618		618		—		618		—
Accrued interest receivable		3,787		3,787		—		847		2,940
Total	$	1,675,637	$	1,674,025	$	154,459	$	344,109	$	1,175,457
Deposits	$	1,308,772	$	1,308,904	$	1,097,088	$	211,816	$	—
Securities sold under agreement to repurchase		258,464		258,438		—		258,438		—
Other long-term debt		2,320		2,277		—		2,277		—
Junior subordinated debentures issued to unconsolidated subsidiary trust		20,619		14,476		—		14,476		—
Interest rate swap agreement		1,096		1,096		—		1,096		—
Accrued interest payable		165		165		19		146		—
Total	$	1,591,436	$	1,585,356	$	1,097,107	$	488,249	$	—