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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Financial Instruments, Owned, at Fair Value [Abstract]  
Schedule of summary of the carrying amounts and fair values of financial instruments

 

                June 30, 2016  
                Fair Value Measurements  
                Quoted Prices              
                in Active           Net  
                Markets for     Other     Significant  
    June 30, 2016     Identical     Observable     Unobservable  
    Carrying     Fair     Assets     Inputs     Inputs  
(in thousands)   Amount     Value     (Level 1)     (Level 2)     (Level 3)  
Assets:                                        
Cash and due from banks   $ 18,093     $ 18,093     $ 18,093     $ 0     $ 0  
Federal funds sold and overnight interest-bearing deposits     18,939       18,939       18,939       0       0  
Investment in available-for-sale securities     235,154       235,154       0       235,154       0  
Loans, net     913,550       918,073       0       0       918,073  
Investment in FHLB stock     4,393       4,393       0       4,393       0  
Mortgage servicing rights     2,511       2,511       0       0       2,511  
Cash surrender value - life insurance     2,379       2,379       0       2,379       0  
Accrued interest receivable     4,626       4,626       4,626       0       0  
    $ 1,199,645     $ 1,204,168     $ 41,658     $ 241,926     $ 920,584  
Liabilities:                                        
Deposits:                                        
Non-interest bearing demand   $ 217,777     $ 217,777     $ 217,777     $ 0     $ 0  
Savings, interest checking and money market     477,797       477,797       477,797       0       0  
Time deposits     309,667       309,321       0       0       309,321  
Federal funds purchased and securities sold under agreements to repurchase     35,694       35,694       35,694       0       0  
Subordinated notes     49,486       32,465       0       32,465       0  
Federal Home Loan Bank advances     74,000       75,067       0       75,067       0  
Accrued interest payable     372       372       372       0       0  
    $ 1,164,793     $ 1,148,493     $ 731,640     $ 107,532     $ 309,321  

 

 

                December 31, 2015  
                Fair Value Measurements  
                Quoted Prices              
                in Active           Net  
                Markets for     Other     Significant  
    December 31, 2015     Identical     Observable     Unobservable  
    Carrying     Fair     Assets     Inputs     Inputs  
(in thousands)   amount     value     (Level 1)     (Level 2)     (Level 3)  
Assets:                                        
Cash and due from banks   $ 20,484     $ 20,484     $ 20,484     $ 0     $ 0  
Federal funds sold and overnight interest-bearing deposits     7,893       7,893       7,893       0       0  
Investment in available-for-sale securities     235,054       235,054       0       235,054       0  
Loans, net     856,476       854,775       0       0       854,775  
Investment in FHLB stock     3,390       3,390       0       3,390       0  
Mortgage servicing rights     2,847       2,847       0       0       2,847  
Cash surrender value - life insurance     2,348       2,348       0       2,348       0  
Accrued interest receivable     4,853       4,853       4,853       0       0  
    $ 1,133,345     $ 1,131,644     $ 33,230     $ 240,792     $ 857,622  
Liabilities:                                        
Deposits:                                        
Non-interest bearing demand   $ 208,035     $ 208,035     $ 208,035     $ 0     $ 0  
Savings, interest checking and money market     441,080       441,080       441,080       0       0  
Time deposits     298,082       298,323       0       0       298,323  
Federal funds purchased and securities sold under agreements to repurchase     56,834       56,834       56,834       0       0  
Subordinated notes     49,486       40,821       0       40,821       0  
Federal Home Loan Bank advances     50,000       52,340       0       52,340       0  
Accrued interest payable     382       382       382       0       0  
    $ 1,103,899     $ 1,097,815     $ 706,331     $ 93,161     $ 298,323