Schedule of fair values of financial instruments |
|
|
Carrying |
|
|
|
|
|
|
|
|
|
(in thousands) |
|
amount |
|
Fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
Cash and short-term investments |
|
$ |
70,520 |
|
$ |
70,520 |
|
$ |
70,520 |
|
$ |
— |
|
$ |
— |
|
Mortgage loans held for sale |
|
3,829 |
|
3,919 |
|
— |
|
3,919 |
|
— |
|
Federal Home Loan Bank stock and other securities |
|
7,347 |
|
7,347 |
|
— |
|
7,347 |
|
— |
|
Loans, net |
|
1,680,268 |
|
1,692,142 |
|
— |
|
— |
|
1,692,142 |
|
Accrued interest receivable |
|
5,507 |
|
5,507 |
|
5,507 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
1,882,451 |
|
$ |
1,885,158 |
|
$ |
— |
|
$ |
1,885,158 |
|
$ |
— |
|
Short-term borrowings |
|
88,086 |
|
88,086 |
|
— |
|
88,086 |
|
— |
|
Long-term borrowings |
|
63,322 |
|
64,582 |
|
— |
|
64,582 |
|
— |
|
Accrued interest payable |
|
128 |
|
128 |
|
128 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Off balance sheet financial instruments |
|
|
|
|
|
|
|
|
|
|
|
Commitments to extend credit |
|
$ |
437,249 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
Standby letters of credit |
|
14,814 |
|
(222 |
) |
— |
|
— |
|
(222 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
Cash and short-term investments |
|
$ |
67,703 |
|
$ |
67,703 |
|
$ |
67,703 |
|
$ |
— |
|
$ |
— |
|
Mortgage loans held for sale |
|
14,047 |
|
14,431 |
|
— |
|
14,431 |
|
— |
|
Federal Home Loan Bank stock and other securities |
|
6,180 |
|
6,180 |
|
— |
|
6,180 |
|
— |
|
Loans, net |
|
1,552,713 |
|
1,583,018 |
|
— |
|
— |
|
1,583,018 |
|
Accrued interest receivable |
|
5,091 |
|
5,091 |
|
5,091 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
1,781,693 |
|
$ |
1,786,046 |
|
$ |
— |
|
$ |
1,786,046 |
|
$ |
— |
|
Short-term borrowings |
|
75,597 |
|
75,597 |
|
— |
|
75,597 |
|
— |
|
Long-term borrowings |
|
62,782 |
|
62,826 |
|
— |
|
62,826 |
|
— |
|
Accrued interest payable |
|
166 |
|
166 |
|
166 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Off balance sheet financial instruments |
|
|
|
|
|
|
|
|
|
|
|
Commitments to extend credit |
|
$ |
386,372 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
Standby letters of credit |
|
14,757 |
|
(221 |
) |
— |
|
— |
|
(221 |
) | |