XML 45 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Financial Instruments, Owned, at Fair Value [Abstract]  
Schedule of summary of the carrying amounts and fair values of financial instruments
                March 31, 2017  
                Fair Value Measurements  
                Quoted Prices              
                in Active           Net  
                Markets for     Other     Significant  
    March 31, 2017     Identical     Observable     Unobservable  
    Carrying     Fair     Assets     Inputs     Inputs  
(in thousands)   Amount     Value     (Level 1)     (Level 2)     (Level 3)  
Assets:                                        
Cash and due from banks   $ 16,746     $ 16,746     $ 16,746     $ 0     $ 0  
Federal funds sold and overnight interest-bearing deposits     6,427       6,427       6,427       0       0  
Investment in available-for-sale securities     216,170       216,170       0       216,170       0  
Loans, net     999,920       993,219       0       0       993,219  
Investment in FHLB stock     5,212       5,212       0       5,212       0  
Mortgage servicing rights     2,877       2,877       0       0       2,877  
Cash surrender value - life insurance     2,430       2,430       0       2,430       0  
Accrued interest receivable     4,702       4,702       4,702       0       0  
    $ 1,254,484     $ 1,247,783     $ 27,875     $ 223,812     $ 996,096  
Liabilities:                                        
Deposits:                                        
Non-interest bearing demand   $ 239,059     $ 239,059     $ 239,059     $ 0     $ 0  
Savings, interest checking and money market     519,379       519,379       519,379       0       0  
Time deposits     284,566       282,822       0       0       282,822  
Federal funds purchased and securities sold under agreements to repurchase     31,512       31,512       31,512       0       0  
Subordinated notes     49,486       34,228       0       34,228       0  
Federal Home Loan Bank advances     91,900       92,225       0       92,225       0  
Accrued interest payable     452       452       452       0       0  
    $ 1,216,354     $ 1,199,677     $ 790,402     $ 126,453     $ 282,822  

 

                December 31, 2016  
                Fair Value Measurements  
                Quoted Prices              
                in Active           Net  
                Markets for     Other     Significant  
    December 31, 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   $ 25,589     $ 25,589     $ 25,589     $ 0     $ 0  
Federal funds sold and overnight interest-bearing deposits     1,406       1,406       1,406       0       0  
Investment in available-for-sale securities     214,512       214,512       0       214,512       0  
Loans, net     964,143       959,929       0       0       959,929  
Investment in FHLB stock     5,149       5,149       0       5,149       0  
Mortgage servicing rights     2,584       2,584       0       0       2,584  
Cash surrender value - life insurance     2,409       2,409       0       2,409       0  
Accrued interest receivable     5,183       5,183       5,183       0       0  
    $ 1,220,975     $ 1,216,761     $ 32,178     $ 222,070     $ 962,513  
Liabilities:                                        
Deposits:                                        
Non-interest bearing demand   $ 235,975     $ 235,975     $ 235,975     $ 0     $ 0  
Savings, interest checking and money market     468,731       468,731       468,731       0       0  
Time deposits     305,960       304,334       0       0       304,334  
Federal funds purchased and securities sold under agreements to repurchase     31,015       31,015       31,015       0       0  
Subordinated notes     49,486       33,712       0       33,712       0  
Other borrowings     93,392       93,209       0       93,209       0  
Accrued interest payable     498       498       498       0       0  
    $ 1,185,057     $ 1,167,474     $ 736,219     $ 126,921     $ 304,334