The following tables set forth the carrying amount and fair value of the Company’s financial instruments included in the consolidated statement of financial condition as of June 30, 2014 and December 31, 2013:


June 30, 2014
(Dollar amounts in thousands)	Carrying Value		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)		Total Fair Value

Financial Assets:
Cash and Cash Equivalents	$	14,868	$	14,868	$	—	$	—	$	14,868
Securities		1,093,354		1,453		1,054,846		37,055		1,093,354
Securities Receivable		2,380		2,380		—		—		2,380
Loans receivable and held for sale		709,373		—		—		732,778		732,778
Accrued Interest Receivable		7,342		7,342		—		—		7,342
FHLB Stock		14,115		14,115		—		—		14,115
Bank owned life insurance		30,235		30,235		—		—		30,235
Interest rate cap contracts		462		—		462		—		462

Financial Liabilities:
Deposits		1,300,163		653,392		—		652,407		1,305,799
Borrowed funds		378,446		—		119,727		270,675		390,402
Junior subordinated notes		36,083		—		27,062		—		27,062
Advance payments by borrowers for taxes and insurance		3,515		3,515		—		—		3,515
Accrued interest payable		2,048		2,048		—		—		2,048
Interest rate swap contracts		3,618		—		3,618		—		3,618


December 31, 2013
(Dollar amounts in thousands)	Carrying Value		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)		Total Fair Value
Financial Assets:
Cash and Cash Equivalents	$	16,214	$	16,214	$	—	$	—	$	16,214
Securities		1,063,016		1,921		1,023,886		37,209		1,063,016
Securities Receivable		654		654		—		—		654
Loans receivable and held for sale		695,636		—		—		707,919		707,919
Accrued Interest Receivable		7,345		7,345		—		—		7,345
FHLB Stock		15,436		15,436		—		—		15,436
Bank owned life insurance		30,595		30,595		—		—		30,595
Interest rate cap contracts		717		—		717		—		717

Financial Liabilities:
Deposits		1,222,767		577,040		—		652,395		1,229,435
Borrowed funds		441,144		—		151,942		303,436		455,378
Junior subordinated notes		36,083		—		25,258		—		25,258
Advance payments by borrowers for taxes and insurance		2,659		2,659		—		—		2,659
Accrued interest payable		1,046		1,046		—		—		1,046
Interest rate swap contracts		3,870		—		3,870		—		3,870