The following tables set forth the carrying amount and fair value of the Company’s financial instruments included in the consolidated statement of financial condition as of September 30, 2013 and December 31, 2012:

September 30, 2013


(Dollar amounts in thousands)	Carrying amount		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)		Total Fair Value
Financial Assets:
Cash and Cash Equivalents	$	19,839	$	19,839	$	—	$	—	$	19,839
Securities		1,067,401		1,729		1,028,904		36,768		1,067,401
Securities Receivable		1,319		1,319		—		—		1,319
Loans receivable and held for sale		683,704		—		—		699,504		699,504
Accrued Interest Receivable		7,582		7,582		—		—		7,582
FHLB Stock		13,655		13,655		—		—		13,655
Bank owned life insurance		30,460		30,460		—		—		30,460
Interest rate cap contracts		638		—		638		—		638
Financial Liabilities:
Deposits		1,232,434		593,365		—		646,249		1,239,614
Borrowed funds		422,270		—		173,535		264,947		438,482
Junior subordinated notes		36,083		—		24,176		—		24,176
Advance payments by borrowers for taxes and insurance		1,503		1,503		—		—		1,503
Accrued interest payable		2,654		2,654		—		—		2,654
Interest rate swap contracts		4,258		—		4,258		—		4,258

December 31, 2012



(Dollar amounts in thousands)	Carrying amount		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)		Total Fair Value
Financial Assets:
Cash and Cash Equivalents	$	15,064	$	15,064	$	—	$	—	$	15,064
Securities		1,110,776		1,818		1,072,779		36,179		1,110,776
Securities Receivable		1,277		1,277		—		—		1,277
Loans receivable and held for sale		672,086		—		—		702,206		702,206
Accrued Interest Receivable		8,068		8,068		—		—		8,068
FHLB Stock		15,077		15,077		—		—		15,077
Bank owned life insurance		30,025		30,025		—		—		30,025
Interest rate cap contracts		90		—		90		—		90
Financial Liabilities:
Deposits		1,178,057		546,298		—		641,430		1,187,728
Borrowed funds		484,556		—		260,333		249,550		509,883
Junior subordinated notes		46,393		—		25,001		—		25,001
Advance payments by borrowers for taxes and insurance		2,619		2,619		—		—		2,619
Accrued interest payable		1,344		1,344		—		—		1,344
Interest rate swap contracts		5,743		—		5,743		—		5,743