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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Measurements [Abstract]  
Summary Of Financial Assets Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement at Reporting Date Using

 

 

 

 

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 

Significant Unobservable Inputs

(Dollars in thousands)

 

 

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Student loans

 

 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

One-to-four family residential

 

 

 

 

2,235 

 

 

 -

 

 

2,235 

 

 

 -

Government guaranteed commercial real estate

 

 

 

 

769 

 

 

 -

 

 

769 

 

 

 -

Other loans held for sale

 

 

 

 

56 

 

 

 -

 

 

56 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

 

120,773 

 

 

 -

 

 

120,773 

 

 

 -

Obligations of state and political subdivisions

 

 

 

 

32,636 

 

 

 -

 

 

32,636 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

183,170 

 

 

 -

 

 

183,170 

 

 

 -

Asset-backed securities

 

 

 

 

9,482 

 

 

 

 

 

9,482 

 

 

 

Other securities

 

 

 

 

36,418 

 

 

151 

 

 

36,267 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative instrument

 

 

 

 

(1,967)

 

 

 -

 

 

(1,967)

 

 

 -

Total

 

 

 

$

383,572 

 

$

151 

 

$

383,421 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Student loans

 

 

 

$

4,680 

 

$

 -

 

$

4,680 

 

$

 -

One-to-four family residential

 

 

 

 

5,112 

 

 

 -

 

 

5,112 

 

 

 -

Government guaranteed commercial real estate

 

 

 

 

21,794 

 

 

 -

 

 

21,794 

 

 

 -

Other loans held for sale

 

 

 

 

96 

 

 

 -

 

 

96 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

 

115,614 

 

 

 -

 

 

115,614 

 

 

 -

Obligations of state and political subdivisions

 

 

 

 

35,558 

 

 

 -

 

 

35,558 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

203,675 

 

 

 -

 

 

203,675 

 

 

 -

Asset-backed securities

 

 

 

 

7,671 

 

 

 

 

 

7,671 

 

 

 

Other securities

 

 

 

 

1,797 

 

 

111 

 

 

1,686 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative instrument

 

 

 

 

(3,195)

 

 

 -

 

 

(3,195)

 

 

 -

Total

 

 

 

$

392,802 

 

$

111 

 

$

392,691 

 

$

 -

 

Asset Measured At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

 

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 

Significant Unobservable Inputs

 

Total Gains

(Dollars in thousands)

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

(Losses)

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncovered impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

20,423 

 

$

 -

 

$

20,423 

 

$

 -

 

$

3,075 

One-to-four family residential

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Real estate construction

 

2,636 

 

 

 -

 

 

2,636 

 

 

 -

 

 

(18)

Commercial

 

9,176 

 

 

 -

 

 

9,176 

 

 

 -

 

 

(2,989)

Other consumer

 

46 

 

 

 -

 

 

46 

 

 

 -

 

 

35 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncovered other real estate

 

560 

 

 

 -

 

 

560 

 

 

 -

 

 

(1,520)

Covered other real estate

 

2,094 

 

 

 -

 

 

2,094 

 

 

 -

 

 

(702)

Mortgage loan servicing rights

 

3,492 

 

 

 -

 

 

 -

 

 

3,492 

 

 

 -

Total

$

38,427 

 

$

 -

 

$

34,935 

 

$

3,492 

 

$

(2,119)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncovered impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

33,137 

 

$

 -

 

$

33,137 

 

$

 -

 

$

(6,674)

One-to-four family residential

 

23 

 

 

 -

 

 

23 

 

 

 -

 

 

(7)

Real estate construction

 

232 

 

 

 -

 

 

232 

 

 

 -

 

 

3,532 

Commercial

 

13,473 

 

 

 -

 

 

13,473 

 

 

 -

 

 

(6,637)

Other consumer

 

81 

 

 

 -

 

 

81 

 

 

 -

 

 

31 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncovered other real estate

 

11,315 

 

 

 -

 

 

11,315 

 

 

 -

 

 

(3,998)

Covered other real estate

 

3,643 

 

 

 -

 

 

3,643 

 

 

 -

 

 

(180)

Mortgage loan servicing rights

 

2,321 

 

 

 -

 

 

 -

 

 

2,321 

 

 

(465)

Total

$

64,225 

 

$

 -

 

$

61,904 

 

$

2,321 

 

$

(14,398)

 

Carrying Values And Estimated Fair Values Of Financial Instruments Segregated By The Level Of The Valuation Inputs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

At December 31, 2012

 

Carrying

 

Fair

 

Carrying

 

Fair

(Dollars in thousands)

Values

 

Values

 

Values

 

Values

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

279,839 

 

$

279,839 

 

$

288,079 

 

$

288,079 

Securities held to maturity

 

11,720 

 

 

12,115 

 

 

12,797 

 

 

13,659 

Accrued interest receivable

 

5,335 

 

 

5,335 

 

 

6,365 

 

 

6,365 

Investments included in other assets

 

8,140 

 

 

8,140 

 

 

8,531 

 

 

8,531 

Level 3 inputs:

 

 

 

 

 

 

 

 

 

 

 

Total loans, net of allowance

 

1,234,240 

 

 

1,190,869 

 

 

1,332,017 

 

 

1,301,942 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

1,584,086 

 

 

1,486,939 

 

 

1,709,578 

 

 

1,666,653 

Accrued interest payable

 

832 

 

 

832 

 

 

1,116 

 

 

1,116 

Other liabilities

 

8,248 

 

 

8,248 

 

 

9,985 

 

 

9,985 

Derivative instrument

 

1,967 

 

 

1,967 

 

 

3,195 

 

 

3,195 

Other borrowings

 

80,632 

 

 

83,593 

 

 

70,362 

 

 

74,057 

Subordinated debentures

 

46,393 

 

 

46,393 

 

 

81,963 

 

 

82,998