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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
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 June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

$

83,713 

 

$

 -

 

$

83,713 

 

$

 -

Obligations of state and political subdivisions

 

 

 

 

32,947 

 

 

 -

 

 

32,947 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

202,979 

 

 

 -

 

 

202,979 

 

 

 -

Asset-backed securities

 

 

 

 

9,613 

 

 

 -

 

 

9,613 

 

 

 -

Other securities

 

 

 

 

32,644 

 

 

139 

 

 

32,505 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative asset

 

 

 

 

701 

 

 

 -

 

 

701 

 

 

 -

Derivative liability

 

 

 

 

(2,371)

 

 

 -

 

 

(2,371)

 

 

 -

Total

 

 

 

$

360,226 

 

$

139 

 

$

360,087 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

$

99,546 

 

 

 -

 

 

99,546 

 

 

 -

Obligations of state and political subdivisions

 

 

 

 

33,139 

 

 

 -

 

 

33,139 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

178,227 

 

 

 -

 

 

178,227 

 

 

 -

Asset-backed securities

 

 

 

 

9,548 

 

 

 -

 

 

9,548 

 

 

 -

Other securities

 

 

 

 

32,771 

 

 

142 

 

 

32,629 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative asset

 

 

 

 

787 

 

 

 -

 

 

787 

 

 

 -

Derivative liability

 

 

 

 

(2,373)

 

 

 -

 

 

(2,373)

 

 

 -

Total

 

 

 

$

351,645 

 

$

142 

 

$

351,503 

 

$

 -

 

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 June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

11,739 

 

$

 -

 

$

 -

 

$

11,739 

One-to-four family residential

 

 -

 

 

 -

 

 

 -

 

 

 -

Real estate construction

 

390 

 

 

 -

 

 

 -

 

 

390 

Commercial

 

4,875 

 

 

 -

 

 

 -

 

 

4,875 

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

6,065 

 

 

 -

 

 

6,065 

 

 

 -

Government guaranteed commercial real estate

 

622 

 

 

 -

 

 

622 

 

 

 -

Other loans held for sale

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage loan servicing rights

 

3,630 

 

 

 -

 

 

3,630 

 

 

 -

Other real estate

 

2,393 

 

 

 -

 

 

 -

 

 

2,393 

Total

$

29,714 

 

$

 -

 

$

10,317 

 

$

19,397 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

11,762 

 

$

 -

 

$

 -

 

$

11,762 

Commercial

 

5,722 

 

 

 -

 

 

 -

 

 

5,722 

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

763 

 

 

 -

 

 

763 

 

 

 -

Government guaranteed commercial real estate

 

705 

 

 

 -

 

 

705 

 

 

 -

Other loans held for sale

 

17 

 

 

 -

 

 

17 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

Other real estate

 

3,097 

 

 

 -

 

 

 -

 

 

3,097 

Total

$

22,066 

 

$

 -

 

$

1,485 

 

$

20,581 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At June 30, 2015

 

At December 31, 2014

 

Carrying

 

Fair

 

Carrying

 

Fair

(Dollars in thousands)

Values

 

Values

 

Values

 

Values

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

156,688 

 

$

156,688 

 

$

140,936 

 

$

140,936 

Securities held to maturity

 

11,364 

 

 

11,818 

 

 

12,362 

 

 

12,880 

Accrued interest receivable

 

4,281 

 

 

4,281 

 

 

4,723 

 

 

4,723 

Investments included in other assets

 

7,949 

 

 

7,949 

 

 

7,949 

 

 

7,949 

Level 3 inputs:

 

 

 

 

 

 

 

 

 

 

 

Total loans, net of allowance

 

1,423,211 

 

 

1,353,264 

 

 

1,371,539 

 

 

1,303,047 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

1,624,446 

 

 

1,534,880 

 

 

1,533,999 

 

 

1,450,540 

Accrued interest payable

 

774 

 

 

774 

 

 

769 

 

 

769 

Other liabilities

 

8,077 

 

 

8,077 

 

 

8,334 

 

 

8,334 

Other borrowings

 

75,839 

 

 

77,622 

 

 

79,380 

 

 

81,544 

Subordinated debentures

 

46,393 

 

 

46,393 

 

 

46,393 

 

 

46,393