XML 51 R21.htm IDEA: XBRL DOCUMENT v3.3.0.814
Note 7 - Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
           

Fair Value Measurements Using:

 
           

Quoted Prices

   

Significant

         
           

in Active

   

Other

   

Significant

 
           

Markets for

   

Observable

   

Unobservable

 
           

Identical Assets

   

Inputs

   

Inputs

 

September 30, 2015:

 

Total

   

(Level 1)

   

(Level 2)

   

(Level 3)

 

Available-for-Sale Securities:

 

(in thousands)

 

State and municipals

  $ 427,493     $ -     $ 427,493     $ -  

Pass-through mortgage securities

    156,226       -       156,226       -  

Collateralized mortgage obligations

    168,317       -       168,317       -  
    $ 752,036     $ -     $ 752,036     $ -  
                                 

December 31, 2014:

                               

Available-for-Sale Securities:

                               

State and municipals

  $ 411,797     $ -     $ 411,797     $ -  

Pass-through mortgage securities

    131,181       -       131,181       -  

Collateralized mortgage obligations

    231,167       -       231,167       -  
    $ 774,145     $ -     $ 774,145     $ -  
Fair Value Measurements, Nonrecurring [Table Text Block]
           

Fair Value Measurements Using:

 
           

Quoted Prices

   

Significant

         
           

in Active

   

Other

   

Significant

 
           

Markets for

   

Observable

   

Unobservable

 
           

Identical Assets

   

Inputs

   

Inputs

 
   

Total

   

(Level 1)

   

(Level 2)

   

(Level 3)

 

December 31, 2014:

 

(in thousands)

 

Impaired loans:

                               

Residential mortgages - closed end

  $ 173     $ -     $ -     $ 173  
Fair Value, by Balance Sheet Grouping [Table Text Block]
 

Level of

 

September 30, 2015

   

December 31, 2014

 
 

Fair Value

 

Carrying

           

Carrying

         
 

Hierarchy

 

Amount

   

Fair Value

   

Amount

   

Fair Value

 
     

(in thousands)

 

Financial Assets:

                                 

Cash and cash equivalents

Level 1

  $ 33,364     $ 33,364     $ 32,944     $ 32,944  

Held-to-maturity securities

Level 2

    16,771       17,553       21,119       22,156  

Held-to-maturity securities

Level 3

    1,917       1,917       714       714  

Loans

Level 3

    2,077,369       2,079,464       1,781,425       1,765,202  

Restricted stock

Level 1

    21,174       21,174       23,304       23,304  

Accrued interest receivable:

                                 

Investment securities

Level 2

    4,792       4,792       4,689       4,689  

Loans

Level 3

    5,302       5,302       4,355       4,355  
                                   

Financial Liabilities:

                                 

Checking deposits

Level 1

    766,427       766,427       655,753       655,753  

Savings, NOW and money market deposits

Level 1

    1,215,675       1,215,675       1,000,325       1,000,325  

Time deposits

Level 2

    322,470       327,853       328,947       333,992  

Short-term borrowings

Level 1

    63,100       63,100       136,486       136,486  

Long-term debt

Level 2

    356,862       358,880       345,000       348,519  

Accrued interest payable:

                                 

Checking, savings, NOW and money market deposits

Level 1

    34       34       27       27  

Time deposits

Level 2

    4,859       4,859       5,077       5,077  

Short-term borrowings

Level 1

    1       1       1       1  

Long-term debt

Level 2

    611       611       667       667