The following presents (in thousands) the carrying amount, estimated fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2013 and December 31, 2012. This table excludes financial instruments for which the carrying amount approximates fair value. Financial assets for which the fair value approximates carrying value include cash and cash equivalents, short-term investments, FHLBB stock and accrued interest receivable. Financial liabilities for which the fair value approximates carrying value include non-maturity deposits, short-term borrowings and accrued interest payable.


					Fair Value Measurements
(In thousands)	Carrying Amount		Estimated Fair Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
September 30, 2013
Financial assets:
Securities held-to-maturity	$	1,374,712	$	1,371,118	$	—	$	1,371,118	$	—
Loans (1)		1,231,048		1,192,233		—		—		1,192,233
Financial liabilities:
Time deposits		351,550		354,472		—		354,472		—
Other borrowed funds		241,144		243,662		—		243,662		—
Subordinated debentures		36,083		40,700		—		—		40,700

December 31, 2012
Financial assets:
Securities held-to-maturity		275,507		281,924		—		281,924		—
Loans (1)		1,092,591		1,124,716		—		—		1,124,716
Financial liabilities:
Time deposits		419,983		424,253		—		424,253		—
Other borrowed funds		195,144		205,481		—		205,481		—
Subordinated debentures		36,083		43,423		—		—		43,423

(1)	Comprised of loans (including collateral dependent impaired loans), net of deferred loan costs and the allowance for loan losses.