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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Measurements  
Schedule of the carrying values of assets and liabilities measured at fair value on a recurring basis

 

 

 

Fair value at March 31, 2014

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

Investment securities available for sale

 

 

 

 

 

 

 

 

 

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

 

$

40,000

 

$

 

$

40,000

 

$

 

Government sponsored enterprise obligations

 

156,357

 

 

$

156,357

 

 

Mortgage-backed securities - government agencies

 

173,280

 

 

173,280

 

 

Obligations of states and political subdivisions

 

69,505

 

 

69,505

 

 

Corporate equity securities

 

1,042

 

1,042

 

 

 

 

 

 

 

 

 

 

 

 

 

Total investment securities available for sale

 

440,184

 

1,042

 

439,142

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

379

 

 

379

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

440,563

 

$

1,042

 

$

439,521

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

322

 

$

 

$

322

 

$

 

 

 

 

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

 

$

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

 

 

 

 

 

 

 

 

 

 

 

Losses for 3 month

 

 

 

Fair value at March 31, 2014

 

period ended

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

March 31, 2014

 

Impaired loans

 

$

7,102

 

$

 

$

 

$

7,102

 

$

(180

)

 

 

 

 

 

 

 

 

 

 

 

Losses for 3 month

 

 

 

Fair value at December 31, 2013

 

period ended

 

(in thousands)

 

Total

 

Level 1

 

Level 2

 

Level 3

 

March 31, 2013

 

Impaired loans

 

$

9,128

 

$

 

$

 

$

9,128

 

$

(928

)