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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

$

66,699 

 

$

 -

 

$

66,699 

 

$

 -

Obligations of state and political subdivisions

 

 

 

 

46,412 

 

 

 -

 

 

46,412 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

280,263 

 

 

 -

 

 

280,263 

 

 

 -

Asset-backed securities

 

 

 

 

8,867 

 

 

 -

 

 

8,867 

 

 

 -

Corporate debt

 

 

 

 

20,399 

 

 

214 

 

 

20,185 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative asset

 

 

 

 

2,043 

 

 

 -

 

 

2,043 

 

 

 -

Derivative liability

 

 

 

 

(2,541)

 

 

 -

 

 

(2,541)

 

 

 -

Total

 

 

 

$

422,142 

 

$

214 

 

$

421,928 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal agency securities

 

 

 

$

69,694 

 

$

 -

 

$

69,694 

 

$

 -

Obligations of state and political subdivisions

 

 

 

 

46,375 

 

 

 -

 

 

46,375 

 

 

 -

Residential mortgage-backed securities

 

 

 

 

280,642 

 

 

 -

 

 

280,642 

 

 

 -

Asset-backed securities

 

 

 

 

9,177 

 

 

 -

 

 

9,177 

 

 

 -

Corporate debt

 

 

 

 

20,330 

 

 

213 

 

 

20,117 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative asset

 

 

 

 

1,235 

 

 

 -

 

 

1,235 

 

 

 -

Derivative liability

 

 

 

 

(1,890)

 

 

 -

 

 

(1,890)

 

 

 -

Total

 

 

 

$

425,563 

 

$

213 

 

$

425,350 

 

$

 -



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 March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

$

1,593 

 

$

 -

 

$

 -

 

$

1,593 

Real estate construction

 

447 

 

 

 -

 

 

 -

 

 

447 

Commercial

 

11,492 

 

 

 -

 

 

 -

 

 

11,492 



 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

4,980 

 

 

 -

 

 

4,980 

 

 

 -

Total

$

18,512 

 

$

 -

 

$

4,980 

 

$

13,532 



 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

Impaired loans at fair value :

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

6,053 

 

$

 -

 

$

 -

 

$

6,053 

One-to-four family residential

 

1,593 

 

 

 -

 

 

 -

 

 

1,593 

Real estate construction

 

207 

 

 

 -

 

 

 -

 

 

207 

Commercial

 

5,357 

 

 

 -

 

 

 -

 

 

5,357 



 

 

 

 

 

 

 

 

 

 

 

Loans held for sale:

 

 

 

 

 

 

 

 

 

 

 

One-to-four family residential

 

4,386 

 

 

 -

 

 

4,386 

 

 

 -

Total

$

17,596 

 

$

 -

 

$

4,386 

 

$

13,210 



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



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



At March 31, 2017

 

At December 31, 2016



Carrying

 

Fair

 

Carrying

 

Fair

(Dollars in thousands)

Values

 

Values

 

Values

 

Values

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

65,102 

 

$

65,102 

 

$

75,650 

 

$

75,650 

Securities held to maturity

 

10,413 

 

 

10,680 

 

 

10,443 

 

 

10,677 

Accrued interest receivable

 

6,357 

 

 

6,357 

 

 

6,194 

 

 

6,194 

Mortgage loan servicing rights

 

3,516 

 

 

4,490 

 

 

3,491 

 

 

4,159 

Bank-owned life insurance

 

28,795 

 

 

28,795 

 

 

28,575 

 

 

28,575 

Investments included in other assets

 

16,624 

 

 

16,624 

 

 

14,627 

 

 

14,627 

Level 3 inputs:

 

 

 

 

 

 

 

 

 

 

 

Total loans, net of allowance

 

1,908,900 

 

 

1,900,248 

 

 

1,849,586 

 

 

1,839,960 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

Level 2 inputs:

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

1,977,265 

 

 

1,929,085 

 

 

1,946,018 

 

 

1,897,927 

Accrued interest payable

 

1,190 

 

 

1,190 

 

 

1,132 

 

 

1,132 

Other liabilities

 

9,646 

 

 

9,646 

 

 

9,516 

 

 

9,516 

Other borrowings

 

194,645 

 

 

194,743 

 

 

183,814 

 

 

183,926 

Subordinated debentures

 

46,393 

 

 

46,393 

 

 

46,393 

 

 

46,393