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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
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
    
March 31, 2019
(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
 
$
97,810
  
$
97,810
  
$
-
  
$
-
  
$
97,810
 
                     
Investment Securities Available-for-Sale
  
491,289
   
164,877
   
321,769
   
4,643
   
491,289
 
 
                    
Investment Securities Held-to-Maturity
  
54,412
   
-
   
36,705
   
18,276
   
54,981
 
                     
Loans & Leases, Net of Deferred Fees & Allowance
  
2,509,061
   
-
   
-
   
2,490,197
   
2,490,197
 
Accrued Interest Receivable
  
12,524
   
-
   
12,524
   
-
   
12,524
 
                     
Liabilities:
                    
Deposits
  
3,008,040
   
2,483,258
   
521,321
   
-
   
3,004,579
 
Subordinated Debentures
  
10,310
   
-
   
7,600
   
-
   
7,600
 
Accrued Interest Payable
  
2,193
   
-
   
2,193
   
-
   
2,193
 

     
Fair Value of Financial Instruments Using
    
December 31, 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
 
$
145,564
  
$
145,564
  
$
-
  
$
-
  
$
145,564
 
                     
Investment Securities Available-for-Sale
  
495,396
   
164,716
   
325,841
   
4,839
   
495,396
 
                     
Investment Securities Held-to-Maturity
  
53,566
   
-
   
35,083
   
18,655
   
53,738
 
                     
Loans & Leases, Net of Deferred Fees & Allowance
  
2,515,975
   
-
   
-
   
2,485,182
   
2,485,182
 
Accrued Interest Receivable
  
14,098
   
-
   
14,098
   
-
   
14,098
 
                     
Liabilities:
                    
Deposits
  
3,062,832
   
2,572,805
   
485,766
   
-
   
3,058,571
 
Subordinated Debentures
  
10,310
   
-
   
7,745
   
-
   
7,745
 
Accrued Interest Payable
  
1,365
   
-
   
1,365
   
-
   
1,365
 

     
Fair Value of Financial Instruments Using
    
March 31, 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
 
$
134,984
  
$
134,984
  
$
-
  
$
-
  
$
134,984
 
                     
Investment Securities Available-for-Sale
  
495,814
   
143,609
   
349,705
   
2,500
   
495,814
 
                     
Investment Securities Held-to-Maturity
  
53,527
   
-
   
37,028
   
16,717
   
53,745
 
                     
Loans & Leases, Net of Deferred Fees & Allowance
  
2,184,406
   
-
   
-
   
2,152,504
   
2,152,504
 
Accrued Interest Receivable
  
9,237
   
-
   
9,237
   
-
   
9,237
 
                     
Liabilities:
                    
Deposits
  
2,701,405
   
2,218,642
   
478,846
   
-
   
2,697,488
 
Subordinated Debentures
  
10,310
   
-
   
7,751
   
-
   
7,751
 
Accrued Interest Payable
  
909
   
-
   
909
   
-
   
909