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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Measurements [Abstract]  
Summary Of Financial Assets Measured At Fair Value On A Recurring Basis



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

Fair Value Measurement at Reporting Date Using



 

 

 

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 

Significant Unobservable Inputs

(Dollars in thousands)

 

 

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

At September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

$

66,706 

 

$

 -

 

$

66,706 

 

$

 -

Obligations of state and political subdivisions

 

 

 

 

47,645 

 

 

 -

 

 

47,645 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

273,460 

 

 

 -

 

 

273,460 

 

 

 -

Asset-backed securities

 

 

 

 

9,424 

 

 

 -

 

 

9,424 

 

 

 -

Corporate debt

 

 

 

 

20,229 

 

 

159 

 

 

20,070 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative asset

 

 

 

 

4,123 

 

 

 -

 

 

4,123 

 

 

 -

Derivative liability

 

 

 

 

(5,020)

 

 

 -

 

 

(5,020)

 

 

 -

Total

 

 

 

$

416,567 

 

$

159 

 

$

416,408 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

$

78,211 

 

 

 -

 

 

78,211 

 

 

 -

Obligations of state and political subdivisions

 

 

 

 

47,564 

 

 

 -

 

 

47,564 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

239,888 

 

 

 -

 

 

239,888 

 

 

 -

Asset-backed securities

 

 

 

 

9,415 

 

 

 -

 

 

9,415 

 

 

 -

Corporate debt

 

 

 

 

25,253 

 

 

137 

 

 

25,116 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative asset

 

 

 

 

1,793 

 

 

 -

 

 

1,793 

 

 

 -

Derivative liability

 

 

 

 

(3,163)

 

 

 -

 

 

(3,163)

 

 

 -

Total

 

 

 

$

398,961 

 

$

137 

 

$

398,824 

 

$

 -



Asset Measured At Fair Value On A Nonrecurring Basis



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Fair Value Measurements Using



 

 

 

Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 

Significant Unobservable Inputs

(Dollars in thousands)

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

At September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

7,184 

 

$

 -

 

$

 -

 

$

7,184 

One-to-four family residential

 

1,794 

 

 

 -

 

 

 -

 

 

1,794 

Real estate construction

 

207 

 

 

 -

 

 

 -

 

 

207 

Commercial

 

5,760 

 

 

 -

 

 

 -

 

 

5,760 



 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

7,899 

 

 

 -

 

 

7,899 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

Mortgage loan servicing rights

 

3,381 

 

 

 -

 

 

3,381 

 

 

 -

Total

$

26,225 

 

$

 -

 

$

11,280 

 

$

14,945 



 

 

 

 

 

 

 

 

 

 

 

At December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

11,182 

 

$

 -

 

$

 -

 

$

11,182 

One-to-four family residential

 

185 

 

 

 -

 

 

 -

 

 

185 

Real estate construction

 

390 

 

 

 -

 

 

 -

 

 

390 

Commercial

 

9,845 

 

 

 -

 

 

 -

 

 

9,845 



 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

7,453 

 

 

 -

 

 

7,453 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

Other real estate

 

2,274 

 

 

 -

 

 

 -

 

 

2,274 

Mortgage loan servicing rights

 

3,721 

 

 

 -

 

 

3,721 

 

 

 -

Total

$

35,050 

 

$

 -

 

$

11,174 

 

$

23,876 



Carrying Values And Estimated Fair Values Of Financial Instruments Segregated By The Level Of The Valuation Inputs



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



At September 30, 2016

 

At December 31, 2015



Carrying

 

Fair

 

Carrying

 

Fair

(Dollars in thousands)

Values

 

Values

 

Values

 

Values

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

70,097 

 

$

70,097 

 

$

78,129 

 

$

78,129 

Securities held to maturity

 

10,474 

 

 

10,887 

 

 

11,797 

 

 

12,282 

Accrued interest receivable

 

5,839 

 

 

5,839 

 

 

5,767 

 

 

5,767 

Investments included in other assets

 

14,199 

 

 

14,199 

 

 

10,383 

 

 

10,383 

Level 3 inputs:

 

 

 

 

 

 

 

 

 

 

 

Total loans, net of allowance

 

1,851,660 

 

 

1,831,853 

 

 

1,753,323 

 

 

1,728,114 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

1,947,924 

 

 

1,884,101 

 

 

1,884,105 

 

 

1,780,954 

Accrued interest payable

 

969 

 

 

969 

 

 

867 

 

 

867 

Other liabilities

 

9,945 

 

 

9,945 

 

 

10,314 

 

 

10,314 

Other borrowings

 

173,971 

 

 

174,706 

 

 

110,927 

 

 

112,149 

Subordinated debentures

 

46,393 

 

 

46,393 

 

 

51,548 

 

 

51,548 

Loan commitments

 

 

 

 

476,048 

 

 

 

 

 

446,412 

Letters of credit

 

 

 

 

7,002 

 

 

 

 

 

6,563