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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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
    
June 30, 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
 
$
114,717
  
$
114,717
  
$
-
  
$
-
  
$
114,717
 
                     
Investment Securities Available-for-Sale
  
488,093
   
175,111
   
308,683
   
4,299
   
488,093
 
                     
Investment Securities Held-to-Maturity
  
60,310
   
-
   
25,754
   
35,400
   
61,154
 
                     
Loans & Leases, Net of Deferred Fees & Allowance
  
2,543,773
   
-
   
-
   
2,527,799
   
2,527,799
 
Accrued Interest Receivable
  
15,688
   
-
   
15,688
   
-
   
15,688
 
                     
Liabilities:
                    
Deposits
  
3,025,276
   
2,505,769
   
517,607
   
-
   
3,023,376
 
Subordinated Debentures
  
10,310
   
-
   
7,431
   
-
   
7,431
 
Accrued Interest Payable
  
2,465
   
-
   
2,465
   
-
   
2,465
 

     
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
     
June 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
 
$
106,899
  
$
106,899
  
$
-
  
$
-
  
$
106,899
 
                     
Investment Securities Available-for-Sale
  
450,174
   
139,476
   
308,198
   
2,500
   
450,174
 
 
                    
Investment Securities Held-to-Maturity
  
52,210
   
-
   
36,693
   
15,665
   
52,358
 
                     
Loans & Leases, Net of Deferred Fees & Allowance
  
2,293,311
   
-
   
-
   
2,253,733
   
2,253,733
 
Accrued Interest Receivable
  
11,548
   
-
   
11,548
   
-
   
11,548
 
                     
Liabilities:
                    
Deposits
  
2,697,273
   
2,231,153
   
462,040
   
-
   
2,693,193
 
Subordinated Debentures
  
10,310
   
-
   
7,639
   
-
   
7,639
 
Accrued Interest Payable
  
827
   
-
   
827
   
-
   
827