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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Measurements  
Schedule of carrying values of assets and liabilities measured at fair value on a recurring basis

 

 

 

 

Fair value at December 31, 2013

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

Investment securities available for sale

 

 

 

 

 

 

 

 

 

U.S. Treasury and other U.S. government obligations

 

$

110,000

 

$

 

$

110,000

 

$

 

Government sponsored enterprise obligations

 

137,845

 

 

$

137,845

 

 

Mortgage-backed securities - government agencies

 

172,693

 

 

172,693

 

 

Obligations of states and political subdivisions

 

69,493

 

 

69,493

 

 

 

 

 

 

 

 

 

 

 

 

Total investment securities available for sale

 

490,031

 

 

490,031

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

299

 

 

299

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

490,330

 

$

 

$

490,330

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

275

 

$

 

$

275

 

$

 

 

 

 

Fair value at December 31, 2012

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

Investment securities available for sale

 

 

 

 

 

 

 

 

 

U.S. Treasury and other U.S. government obligations

 

$

98,000

 

$

 

$

98,000

 

$

 

Government sponsored enterprise obligations

 

85,748

 

 

$

85,748

 

 

Mortgage-backed securities - government agencies

 

140,881

 

 

140,881

 

 

Obligations of states and political subdivisions

 

60,793

 

 

60,793

 

 

Trust preferred securities of financial institutions

 

1,018

 

1,018

 

 

 

 

 

 

 

 

 

 

 

 

 

Total investment securities available for sale

 

386,440

 

1,018

 

385,422

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

415

 

 

415

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

386,855

 

$

1,018

 

$

385,837

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

415

 

$

 

$

415

 

$

 

Schedule of carrying values of assets measured at fair value on a non-recurring basis

 

 

 

 

Fair value at December 31, 2013

 

 

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Total losses

 

Impaired loans

 

$

9,128

 

$

 

$

 

$

9,128

 

$

(992

)

Total

 

$

9,128

 

$

 

$

 

$

9,128

 

$

(992

)

 

 

 

Fair value at December 31, 2012

 

 

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Total losses

 

Impaired loans

 

$

11,625

 

$

 

$

 

$

11,625

 

$

(2,467

)

Total

 

$

11,625

 

$

 

$

 

$

11,625

 

$

(2,467

)