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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
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 March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

 

 

$

4,941 

 

$

 -

 

$

4,941 

 

$

 -

Government guaranteed commercial real estate

 

 

 

 

754 

 

 

 -

 

 

754 

 

 

 -

Other loans held for sale

 

 

 

 

46 

 

 

 -

 

 

46 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

 

117,395 

 

 

 -

 

 

117,395 

 

 

 -

Obligations of state and political subdivisions

 

 

 

 

33,194 

 

 

 -

 

 

33,194 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

180,801 

 

 

 -

 

 

180,801 

 

 

 -

Asset-backed securities

 

 

 

 

9,547 

 

 

 -

 

 

9,547 

 

 

 -

Other securities

 

 

 

 

35,350 

 

 

142 

 

 

35,208 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative instrument

 

 

 

 

(1,865)

 

 

 -

 

 

(1,865)

 

 

 -

Total

 

 

 

$

380,163 

 

$

142 

 

$

380,021 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

$

 -

 

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 March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncovered impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

21,776 

 

$

 -

 

$

21,776 

 

$

 -

 

$

(953)

Commercial

 

8,345 

 

 

 -

 

 

8,345 

 

 

 -

 

 

6,217 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncovered other real estate

 

2,560 

 

 

 -

 

 

2,560 

 

 

 -

 

 

 -

Covered other real estate

 

2,094 

 

 

 -

 

 

2,094 

 

 

 -

 

 

 -

Mortgage loan servicing rights

 

3,452 

 

 

 -

 

 

 -

 

 

3,452 

 

 

 -

Total

$

38,227 

 

$

 -

 

$

34,775 

 

$

3,452 

 

$

5,264 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncovered impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

20,423 

 

$

 -

 

$

20,423 

 

$

 -

 

$

3,075 

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)

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At March 31, 2014

 

At December 31, 2013

 

Carrying

 

Fair

 

Carrying

 

Fair

(Dollars in thousands)

Values

 

Values

 

Values

 

Values

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

266,574 

 

$

266,574 

 

$

279,839 

 

$

279,839 

Securities held to maturity

 

10,700 

 

 

11,252 

 

 

11,720 

 

 

12,115 

Accrued interest receivable

 

5,380 

 

 

5,380 

 

 

5,335 

 

 

5,335 

Investments included in other assets

 

7,348 

 

 

7,348 

 

 

8,140 

 

 

8,140 

Level 3 inputs:

 

 

 

 

 

 

 

 

 

 

 

Total loans, net of allowance

 

1,285,197 

 

 

1,237,328 

 

 

1,234,240 

 

 

1,190,869 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

1,605,906 

 

 

1,507,750 

 

 

1,584,086 

 

 

1,486,939 

Accrued interest payable

 

807 

 

 

807 

 

 

832 

 

 

832 

Other liabilities

 

6,804 

 

 

6,804 

 

 

8,248 

 

 

8,248 

Derivative instrument

 

1,865 

 

 

1,865 

 

 

1,967 

 

 

1,967 

Other borrowings

 

85,692 

 

 

88,462 

 

 

80,632 

 

 

83,593 

Subordinated debentures

 

46,393 

 

 

46,393 

 

 

46,393 

 

 

46,393