Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

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
September 30, 2018    (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	$	110,781	$	110,781	$	-	$	-	$	110,781
Investment Securities Available-for-Sale		458,311		164,409		291,402		2,500		458,311
Investment Securities Held-to-Maturity		51,459		-		35,716		15,663		51,379
FHLB Stock		10,877		N/A		N/A		N/A		N/A
Loans & Leases, Net of Deferred Fees & Allowance		2,363,535		-		-		2,317,185		2,317,185
Accrued Interest Receivable		14,612		-		14,612		-		14,612
Liabilities:
Deposits		2,776,923		2,314,600		457,526		-		2,772,126
Subordinated Debentures		10,310		-		7,579		-		7,579
Accrued Interest Payable		1,227		-		1,227		-		1,227

			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 Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	187,149	$	187,149	$	-	$	-	$	187,149
Investment Securities Available-for-Sale		481,596		144,364		334,732		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
September 30, 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 Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	193,270	$	193,270	$	-	$	-	$	193,270
Total Investment Securities Available-for-Sale		456,323		144,610		311,213		500		456,323
Total Investment Securities Held-to-Maturity		55,542		-		39,254		17,037		56,291
FHLB Stock		10,342		N/A		N/A		N/A		N/A
Total Loans & Leases, Net of Deferred Fees & Allowance		2,166,035		-		-		2,148,524		2,148,524
Accrued Interest Receivable		11,498		-		11,498		-		11,498
Liabilities:
Total Deposits		2,709,427		2,159,654		547,796		-		2,707,450
Subordinated Debentures		10,310		-		6,589		-		6,589
Accrued Interest Payable		939		-		939		-		939