XML 42 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value [Abstract]  
Financial instruments that were measured at fair value on a recurring and nonrecurring basis

($ in thousands)

   

Description of Financial Instruments

 

Fair Value at
March 31,
2015

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

Significant Other Observable Inputs (Level 2)

 

Significant Unobservable Inputs (Level 3)

 

Recurring

       

Securities available for sale:

       

        Government-sponsored enterprise securities

  $ 44,365  

                   ––

  44,365  

        Mortgage-backed securities

  126,930  

––

  126,930  

––

        Corporate bonds

  900  

––

  900  

––

        Equity securities

  5,995  

––

  5,995  

––

          Total available for sale securities

  $ 178,190  

––

  178,190  

––

       

Nonrecurring

       

     Impaired loans – covered

  $ 4,464       4,464

     Impaired loans – non-covered

  21,158  

––

 

––

  21,158

     Foreclosed real estate – covered

  2,055    

––

  2,055

     Foreclosed real estate – non-covered

  8,978  

––

 

––

  8,978
       

($ in thousands)

   

Description of Financial Instruments

 

Fair Value at
December 31,
2014

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

Significant Other Observable Inputs (Level 2)

 

Significant Unobservable Inputs
(Level 3)

 

Recurring

       

Securities available for sale:

       

Government-sponsored enterprise securities

  $ 27,521  

                   ––

  27,521  

Mortgage-backed securities

  129,510  

––

  129,510  

––

Corporate bonds

  865  

––

  865  

––

Equity securities

  6,138  

––

  6,138  

––

Total available for sale securities

  $ 164,034  

––

  164,034  

––

       

Nonrecurring

       

     Impaired loans – covered

  $ 5,220       5,220

     Impaired loans – non-covered

  20,512  

––

 

––

  20,512

     Foreclosed real estate – covered

  2,350    

––

  2,350

     Foreclosed real estate – non-covered

  9,771  

––

 

––

  9,771
Schedule of the carrying amounts and estimated fair values of financial instruments
 

March 31, 2015

 

December 31, 2014


($ in thousands)

Level in Fair Value Hierarchy

 

Carrying
Amount

 

Estimated
Fair Value

 

Carrying
Amount

 

Estimated
Fair Value

 

             

Cash and due from banks, noninterest-bearing

Level 1

  $ 84,208   84,208   81,068   81,068

Due from banks, interest-bearing

Level 1

  159,527   159,527   171,248   171,248

Federal funds sold

Level 1

  752   752   768   768

Securities available for sale

Level 2

  178,190   178,190   164,034   164,034

Securities held to maturity

Level 2

  170,804   174,756   178,687   182,411

Presold mortgages in process of settlement

Level 1

  8,273   8,273   6,019   6,019

Total loans, net of allowance

Level 3

  2,359,403   2,335,626   2,355,548   2,328,244

Accrued interest receivable

Level 1

  8,744   8,744   8,920   8,920

FDIC indemnification asset

Level 3

  18,452   17,964   22,569   21,856

Bank-owned life insurance

Level 1

  55,793   55,793   55,421   55,421
         

Deposits

Level 2

  2,693,614   2,693,961   2,695,906   2,696,153

Borrowings

Level 2

  116,394   106,844   116,394   105,407

Accrued interest payable

Level 2

  619   619   686   686