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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value of Financial Instruments [Abstract]  
Book Value and Estimated Fair Value of Financial Instruments
The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated:
 
     
Fair Value of Financial Instruments Using
    
December 31, 2017
(in thousands)
 
Carrying
Amount
  
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
  
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
  
Total
Estimatd
Fair Value
 
Assets:
               
Cash and Cash Equivalents
 
$
187,149
  
$
187,149
  
$
-
  
$
-
  
$
187,149
 
                     
Investment Securities Available-for-Sale
  
481,596
   
29,580
   
449,516
   
2,500
   
481,596
 
                     
Investment Securities Held-to-Maturity
  
54,460
   
-
   
38,492
   
16,744
   
55,236
 
                     
FHLB Stock
  
10,342
   
N/A
   
N/A
   
N/A
   
N/A
 
Loans & Leases, Net of Deferred Fees & Allowance
  
2,164,953
   
-
   
-
   
2,137,987
   
2,137,987
 
Accrued Interest Receivable
  
10,999
   
-
   
10,999
   
-
   
10,999
 
                     
Liabilities:
                    
Deposits
  
2,723,228
   
2,247,831
   
472,671
   
-
   
2,720,502
 
Subordinated Debentures
  
10,310
   
-
   
7,428
   
-
   
7,428
 
Accrued Interest Payable
  
1,137
   
-
   
1,137
   
-
   
1,137
 

     
Fair Value of Financial Instruments Using
    
December 31, 2016
(in thousands)
 
Carrying
Amount
  
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
  
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
  
Total
Estimated
Fair Value
 
Assets:
               
Cash and Cash Equivalents
 
$
98,960
  
$
98,960
  
$
-
  
$
-
  
$
98,960
 
                     
Investment Securities Available-for-Sale
  
448,263
   
134,628
   
313,135
   
500
   
448,263
 
                     
Investment Securities Held-to-Maturity
  
58,109
   
-
   
40,415
   
17,993
   
58,408
 
                     
FHLB Stock
  
8,872
   
N/A
   
N/A
   
N/A
   
N/A
 
Loans & Leases, Net of Deferred Fees & Allowance
  
2,129,682
   
-
   
-
   
2,107,060
   
2,107,060
 
Accrued Interest Receivable
  
10,047
   
-
   
10,047
   
-
   
10,047
 
                     
Liabilities:
                    
Deposits
  
2,581,711
   
2,011,418
   
569,183
   
-
   
2,580,601
 
Subordinated Debentures
  
10,310
   
-
   
6,578
   
-
   
6,578
 
Accrued Interest Payable
  
852
   
-
   
852
   
-
   
852