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Fair Values of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2013
Fair Values of Financial Instruments [Abstract]  
Estimated recorded book balances and fair values
The estimated recorded book balances and fair values follow:

 
 
  
  
Fair Value Measurements Using
 
 
 
  
  
Quoted
  
  
 
 
 
  
  
Prices
  
  
 
 
 
  
  
in Active
  
  
 
 
 
  
  
Markets
  
Significant
  
Significant
 
 
 
  
  
for
  
Other
  
Un-
 
 
 
Recorded
  
Fair Value
  
Identical
  
Observable
  
observable
 
 
 
Book
  
Measure-
  
Assets
  
Inputs
  
Inputs
 
 
 
Balance
  
ments
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
 
 
(In thousands)
 
June 30, 2013
 
  
  
  
  
 
Assets
 
  
  
  
  
 
Cash and due from banks
 
$
47,512
  
$
47,512
  
$
47,512
  
$
-
  
$
-
 
Interest bearing deposits
  
92,863
   
92,863
   
92,863
   
-
   
-
 
Interest bearing deposits - time
  
8,698
   
8,698
   
-
   
8,698
   
-
 
Trading securities
  
293
   
293
   
293
   
-
   
-
 
Securities available for sale
  
353,775
   
353,775
   
-
   
353,775
   
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
  
21,496
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
1,384,825
   
1,356,021
   
-
   
35,529
   
1,320,492
 
Accrued interest receivable
  
6,130
   
6,130
   
115
   
1,069
   
4,946
 
Derivative financial instruments
  
2,375
   
2,375
   
-
   
2,375
   
-
 
 
                    
Liabilities
                    
Deposits with no stated maturity (1)
 
$
1,403,163
  
$
1,403,163
  
$
1,403,163
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
412,926
   
413,769
   
-
   
413,769
   
-
 
Other borrowings
  
17,503
   
20,424
   
-
   
20,424
   
-
 
Subordinated debentures
  
50,175
   
47,579
   
8,963
   
38,616
   
-
 
Accrued interest payable
  
8,313
   
8,313
   
3,446
   
4,867
   
-
 
Derivative financial instruments
  
-
   
-
   
-
   
-
   
-
 
 
                    
December 31, 2012
                    
Assets
                    
Cash and due from banks
 
$
55,487
  
$
55,487
  
$
55,487
  
$
-
  
$
-
 
Interest bearing deposits
  
124,295
   
124,295
   
124,295
   
-
   
-
 
Trading securities
  
110
   
110
   
110
   
-
   
-
 
Securities available for sale
  
208,413
   
208,413
   
-
   
208,413
   
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
  
20,838
  
NA
  
NA
  
NA
  
NA
 
Net loans and loans held for sale
  
1,425,643
   
1,400,385
   
-
   
50,779
   
1,349,606
 
Accrued interest receivable
  
5,814
   
5,814
   
102
   
934
   
4,778
 
Derivative financial instruments
  
1,368
   
1,368
   
-
   
1,368
   
-
 
 
                    
Liabilities
                    
Deposits with no stated maturity (1)
 
$
1,360,609
  
$
1,360,609
  
$
1,360,609
  
$
-
  
$
-
 
Deposits with stated maturity (1)
  
418,928
   
420,374
   
-
   
420,374
   
-
 
Other borrowings
  
17,625
   
21,463
   
-
   
21,463
   
-
 
Subordinated debentures
  
50,175
   
42,235
   
7,956
   
34,279
   
-
 
Accrued interest payable
  
7,197
   
7,197
   
2,942
   
4,255
   
-
 
Derivative financial instruments
  
1,320
   
1,320
   
-
   
861
   
459
 

(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $5.9 million and $1.2 million at June 30, 2013 and December 31, 2012, respectively.  Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $40.9 million and $32.0 million at June 30, 2013 and December 31, 2012, respectively.