Fair Value (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value

Schedule of financial assets and liabilities measured on a recurring basis

			Fair Value Measurements Using
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Obeservable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets at December 31, 2015:
Available-for-sale securities:
Agency mortgage-backed securities	$	324,230		—	$	324,230		—
U.S. Treasury	$	30,003	$	30,003	$	—		—
Trust preferred securities	$	15,132		—	$	15,132		—
U.S. Government sponsored entities	$	9,041		—	$	9,041
Corporate bonds	$	6,673		—	$	6,673
I/O strip receivables	$	1,367		—	$	1,367		—
Assets at December 31, 2014:
Available-for-sale securities:
Agency mortgage-backed securities	$	154,172		—	$	154,172		—
Corporate bonds	$	36,863		—	$	36,863		—
Trust preferred securities	$	15,300		—	$	15,300		—
I/O strip receivables	$	1,481		—	$	1,481		—

Schedule of assets and liabilities measured on a non-recurring basis

			Fair Value Measurements Using
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets at December 31, 2015:
Impaired loans — held-for-investment:
Commercial	$	1,333		—		—	$	1,333
Real estate:
Commercial and residential		503		—		—		503
Land and construction		219		—		—		219
Home equity		647						647
	$	2,702		—		—	$	2,702
Assets at December 31, 2014:
Impaired loans — held-for-investment:
Commercial	$	859		—		—	$	859
Real estate:
Commercial and residential		587		—		—		587
Land and construction		1,176		—		—		1,176
	$	2,622		—		—	$	2,622
Foreclosed assets:
Land and construction	$	31		—		—	$	31
	$	31					$	31

Schedule of impaired loans held-for-investment and impaired loans held-for-investment carried at fair value

	December 31, 2015			December 31, 2014
	(Dollars in thousands)
Impaired loans held-for-investment:
Book value of impaired loans held-for-investment carried at fair value	$	2,988		$	3,026
Book value of impaired loans held-for-investment carried at cost		3,539			2,996
Total impaired loans held-for-investment	$	6,527		$	6,022
Impaired loans held-for-investment carried at fair value:
Book value of impaired loans held-for-investment carried at fair value	$	2,988		$	3,026
Specific valuation allowance		(286	)		(404	)
Impaired loans held-for-investment carried at fair value, net	$	2,702		$	2,622

Schedule of quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis

	December 31, 2015
	Fair Value		Valuation Techniques	Unobservable Inputs	Range (Weighted Average)
	(Dollars in thousands)
Impaired loans — held-for-investment:
Commercial	$	1,333	Market Approach	Discount adjustment for differences between comparable sales	0% to 5% (5%)
Real estate:
Commercial and residential		503	Market Approach	Discount adjustment for differences between comparable sales	0% to 3% (3%)
Land and construction		219	Market Approach	Discount adjustment for differences between comparable sales	Less than 1%
Home equity		647	Market Approach	Discount adjustment for differences between comparable sales	0% to 2% (2%)

	December 31, 2014
	Fair Value		Valuation Techniques	Unobservable Inputs	Range (Weighted Average)
	(Dollars in thousands)
Impaired loans — held-for-investment:
Commercial	$	859	Market Approach	Discount adjustment for differences between comparable sales	0% to 3% (3%)
Real estate:
Commercial and residential		587	Market Approach	Discount adjustment for differences between comparable sales	0% to 3% (3%)
Land and construction		1,176	Market Approach	Discount adjustment for differences between comparable sales	1% to 2% (2%)
Foreclosed assets:
Land and construction		31	Market Approach	Discount adjustment for differences between comparable sales	Less than 1%

Schedule of carrying amounts and estimated fair values of financial instruments

			December 31, 2015 Estimated Fair Value
	Carrying Amounts		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	344,092	$	344,092	$	—	$	—	$	344,092
Securities available-for-sale		385,079		30,003		355,076		—		385,079
Securities held-to-maturity		109,311		—		109,821		—		109,821
Loans (including loans held-for-sale), net		1,347,087		—		7,297		1,337,939		1,345,236
FHLB stock, FRB stock, and other investments		12,694		—		—		—		N/A
Accrued interest receivable		5,043		—		1,654		3,389		5,043
I/O strips receivables		1,367		—		1,367		—		1,367
Liabilities:
Time deposits	$	244,861	$	—	$	245,279	$	—	$	245,279
Other deposits		1,817,914		—		1,817,914		—		1,817,914
Short-term borrowings		3,000		—		3,000				3,000
Accrued interest payable		195		—		195		—		195

			December 31, 2014 Estimated Fair Value
	Carrying Amounts		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	122,403	$	122,403	$	—	$	—	$	122,403
Securities available-for-sale		206,335		—		206,335		—		206,335
Securities held-to-maturity		95,362		—		94,953		—		94,953
Loans (including loans held-for-sale), net		1,071,436		—		1,172		1,071,854		1,073,026
FHLB and FRB stock		10,598		—		—		—		N/A
Accrued interest receivable		5,044		—		1,435		3,609		5,044
I/O strips receivables		1,481		—		1,481		—		1,481
Liabilities:
Time deposits	$	256,223	$	—	$	256,589	$	—	$	256,589
Other deposits		1,132,163		—		1,132,163		—		1,132,163
Accrued interest payable		201		—		201		—		201