XML 45 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Financial Instruments, Owned, at Fair Value [Abstract]  
Schedule of summary of the carrying amounts and fair values of financial instruments
                September 30, 2016  
                Fair Value Measurements  
                Quoted Prices              
                in Active           Net  
                Markets for     Other     Significant  
    September 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   $ 19,106     $ 19,106     $ 19,106     $ 0     $ 0  
Federal funds sold and overnight interest-bearing deposits     19,788       19,788       19,788       0       0  
Investment in available-for-sale securities     221,824       221,824       0       221,824       0  
Loans, net     938,301       939,573       0       0       939,573  
Investment in FHLB stock     4,593       4,593       0       4,593       0  
Mortgage servicing rights     2,370       2,370       0       0       2,370  
Cash surrender value - life insurance     2,396       2,396       0       2,396       0  
Accrued interest receivable     4,624       4,624       4,624       0       0  
    $ 1,213,002     $ 1,214,274     $ 43,518     $ 228,813     $ 941,943  
Liabilities:                                        
Deposits:                                        
Non-interest bearing demand   $ 229,987     $ 229,987     $ 229,987     $ 0     $ 0  
Savings, interest checking and money market     477,945       477,945       477,945       0       0  
Time deposits     310,099       309,188       0       0       309,188  
Federal funds purchased and securities sold under agreements to repurchase     28,504       28,504       28,504       0       0  
Subordinated notes     49,486       31,970       0       31,970       0  
Federal Home Loan Bank advances     79,000       79,510       0       79,510       0  
Accrued interest payable     408       408       408       0       0  
    $ 1,175,429     $ 1,157,512     $ 736,844     $ 111,480     $ 309,188  
 
                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