XML 54 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

$

109,681 

 

$

 -

 

$

109,681 

 

$

 -

Obligations of state and political subdivisions

 

 

 

 

33,041 

 

 

 -

 

 

33,041 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

172,194 

 

 

 -

 

 

172,194 

 

 

 -

Asset-backed securities

 

 

 

 

9,555 

 

 

 -

 

 

9,555 

 

 

 -

Other securities

 

 

 

 

35,473 

 

 

143 

 

 

35,330 

 

 

 -

 

 

 

 

 

 -

 

 

 

 

 

 

 

 

 

Derivative instruments, net

 

 

 

 

(1,573)

 

 

 -

 

 

(1,573)

 

 

 -

Total

 

 

 

$

358,371 

 

$

143 

 

$

358,228 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, net

 

 

 

 

(1,967)

 

 

 -

 

 

(1,967)

 

 

 -

Total

 

 

 

$

380,512 

 

$

151 

 

$

380,361 

 

$

 -

 

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

(Dollars in thousands)

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

At September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

14,076 

 

$

 -

 

$

14,076 

 

$

 -

Commercial

 

6,031 

 

 

 -

 

 

6,031 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

3,617 

 

 

 -

 

 

3,617 

 

 

 -

Government guaranteed commercial real estate

 

721 

 

 

 -

 

 

721 

 

 

 -

Other loans held for sale

 

30 

 

 

 -

 

 

30 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Other real estate

 

3,448 

 

 

 -

 

 

3,448 

 

 

 -

Core deposit premium

 

597 

 

 

 -

 

 

597 

 

 

 -

Mortgage loan servicing rights

 

3,269 

 

 

 -

 

 

 -

 

 

3,269 

Total

$

31,789 

 

$

 -

 

$

28,520 

 

$

3,269 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

20,764 

 

$

 -

 

$

20,764 

 

$

 -

One-to-four family residential

 

1,045 

 

 

 -

 

 

1,045 

 

 

 -

Real estate construction

 

2,636 

 

 

 -

 

 

2,636 

 

 

 

Commercial

 

9,176 

 

 

 -

 

 

9,176 

 

 

 -

Other consumer

 

75 

 

 

 -

 

 

75 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Other real estate

 

2,654 

 

 

 -

 

 

2,654 

 

 

 -

Core deposit premium

 

2,058 

 

 

 -

 

 

2,058 

 

 

 -

Mortgage loan servicing rights

 

3,492 

 

 

 -

 

 

 -

 

 

3,492 

Total

$

44,960 

 

$

 -

 

$

41,468 

 

$

3,492 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30, 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

$

130,103 

 

$

130,103 

 

$

279,839 

 

$

279,839 

Securities held to maturity

 

10,663 

 

 

11,265 

 

 

11,720 

 

 

12,115 

Accrued interest receivable

 

4,952 

 

 

4,952 

 

 

5,335 

 

 

5,335 

Derivative asset

 

166 

 

 

166 

 

 

 -

 

 

 -

Investments included in other assets

 

7,257 

 

 

7,257 

 

 

8,140 

 

 

8,140 

Level 3 inputs:

 

 

 

 

 

 

 

 

 

 

 

Total loans, net of allowance

 

1,367,388 

 

 

1,272,485 

 

 

1,234,240 

 

 

1,190,869 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

1,494,946 

 

 

1,408,990 

 

 

1,584,086 

 

 

1,486,939 

Accrued interest payable

 

771 

 

 

771 

 

 

832 

 

 

832 

Other liabilities

 

9,249 

 

 

9,249 

 

 

8,248 

 

 

8,248 

Derivative liabilities

 

1,739 

 

 

1,739 

 

 

1,967 

 

 

1,967 

Other borrowings

 

75,884 

 

 

78,274 

 

 

80,632 

 

 

83,593 

Subordinated debentures

 

46,393 

 

 

46,393 

 

 

46,393 

 

 

46,393