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ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2016
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of assets and liabilities measured on a recurring basis
  June 30, 2016 
     Fair Value Measurements Using: 
        Significant    
     Quoted Prices In  Other  Significant 
     Active Markets for  Observable  Unobservable 
  Carrying  Identical Assets  Inputs  Inputs 
(In thousands) Value  (Level 1)  (Level 2)  (Level 3) 
Financial Assets:                
Available for sale securities:                
U.S. GSE securities $58,325      $58,325     
State and municipal obligations  110,556       110,556     
U.S. GSE residential mortgage-backed securities  102,074       102,074     
U.S. GSE residential collateralized mortgage obligations  238,598       238,598     
U.S. GSE commercial mortgage-backed securities  6,701       6,701     
U.S. GSE commercial collateralized mortgage obligations  56,911       56,911     
Other asset backed securities  22,310       22,310     
Corporate bonds  31,608       31,608     
Total available for sale $627,083      $627,083     
Derivatives $2,871      $2,871     
                 
Financial Liabilities:                
Derivatives $6,360      $6,360     
 
  December 31, 2015 
     Fair Value Measurements Using: 
        Significant    
     Quoted Prices In  Other  Significant 
     Active Markets for  Observable  Unobservable 
  Carrying  Identical Assets  Inputs  Inputs 
(In thousands) Value  (Level 1)  (Level 2)  (Level 3) 
Financial Assets:                
Available for sale securities:                
U.S. GSE securities $62,674      $62,674     
State and municipal obligations  87,935       87,935     
U.S. GSE residential mortgage-backed securities  200,264       200,264     
U.S. GSE residential collateralized mortgage obligations  317,878       317,878     
U.S. GSE commercial mortgage-backed securities  12,418       12,418     
U.S. GSE commercial collateralized mortgage obligations  64,198       64,198     
Other asset backed securities  22,371       22,371     
Corporate bonds  32,465       32,465     
Total available for sale $800,203      $800,203     
Derivatives $779      $779     
                 
Financial Liabilities:                
Derivatives $2,073      $2,073   
Schedule of assets measured at fair value on a non-recurring basis
  June 30, 2016 
     Fair Value Measurements Using: 
        Significant    
     Quoted Prices In  Other  Significant 
     Active Markets for  Observable  Unobservable 
  Carrying  Identical Assets  Inputs  Inputs 
(In thousands) Value  (Level 1)  (Level 2)  (Level 3) 
Impaired loans $84        $84 
  December 31, 2015 
     Fair Value Measurements Using: 
        Significant    
     Quoted Prices In  Other  Significant 
     Active Markets for  Observable  Unobservable 
  Carrying  Identical Assets  Inputs  Inputs 
(In thousands) Value  (Level 1)  (Level 2)  (Level 3) 
Impaired loans $483        $483 
Other real estate owned  250         250 
Schedule of estimated fair values and recorded carrying values of financial instruments
 
  June 30, 2016 
     Fair Value Measurements Using:    
        Significant       
     Quoted Prices In  Other  Significant    
     Active Markets for  Observable  Unobservable  Total 
  Carrying  Identical Assets  Inputs  Inputs  Fair 
(In thousands) Amount  (Level 1)  (Level 2)  (Level 3)  Value 
Financial assets:                    
Cash and due from banks $50,581  $50,581  $-  $-  $50,581 
Interest bearing deposits with banks  29,015   -   29,015   -   29,015 
Securities available for sale  627,083   -   627,083   -   627,083 
Securities restricted  20,894    n/a    n/a    n/a    n/a 
Securities held to maturity  222,058   -   229,174   -   229,174 
Loans, net  2,502,218   -   -   2,520,109   2,520,109 
Derivatives  2,871   -   2,871   -   2,871 
Accrued interest receivable  8,916   -   2,840   6,076   8,916 
                     
Financial liabilities:                    
Certificates of deposit  190,479   -   191,657   -   191,657 
Demand and other deposits  2,663,184   2,663,184   -   -   2,663,184 
Federal funds purchased  150,000   150,000   -   -   150,000 
Federal Home Loan Bank advances  198,842   40,000   161,990   -   201,990 
Repurchase agreements  50,895   -   50,939   -   50,939 
Subordinated Debentures  78,432   -   -   84,810   84,810 
Junior Subordinated Debentures  15,525   -   -   17,709   17,709 
Derivatives  6,360   -   6,360   -   6,360 
Accrued interest payable  1,456   103   1,353   -   1,456 

 

  December 31, 2015 
     Fair Value Measurements Using:    
        Significant       
     Quoted Prices In  Other  Significant    
     Active Markets for  Observable  Unobservable  Total 
  Carrying  Identical Assets  Inputs  Inputs  Fair 
(In thousands) Amount  (Level 1)  (Level 2)  (Level 3)  Value 
Financial assets:                    
Cash and due from banks $79,750  $79,750  $-  $-  $79,750 
Interest bearing deposits with banks  24,808   -   24,808   -   24,808 
Securities available for sale  800,203   -   800,203   -   800,203 
Securities restricted  24,788    n/a    n/a    n/a    n/a 
Securities held to maturity  208,351   -   210,003   -   210,003 
Loans, net  2,390,030   -   -   2,379,171   2,379,171 
Derivatives  779   -   779   -   779 
Accrued interest receivable  9,270   -   3,228   6,042   9,270 
                     
Financial liabilities:                    
Certificates of deposit  292,855   -   293,368   -   293,368 
Demand and other deposits  2,550,770   2,550,770   -   -   2,550,770 
Federal funds purchased  120,000   120,000   -   -   120,000 
Federal Home Loan Bank advances  297,507   197,243   100,772   -   298,015 
Repurchase agreements  50,891   -   51,480   -   51,480 
Subordinated Debentures  78,363   -   -   78,830   78,830 
Junior Subordinated Debentures  15,878   -   -   16,566   16,566 
Derivatives  2,073   -   2,073   -   2,073 
Accrued interest payable  1,644   93   1,551   -   1,644