| Schedule of financial assets and financial liabilities measured at fair value on a recurring basis |
A summary of fair values for assets and liabilities consisted of
the following:
| (Dollars in Thousands) |
|
Level 1
Inputs |
|
|
Level 2
Inputs |
|
|
Level 3
Inputs |
|
|
Total Fair
Value |
|
| March 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government Treasury |
|
$ |
240,944 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
240,944 |
|
| U.S. Government Agency |
|
|
|
|
|
|
108,452 |
|
|
|
|
|
|
|
108,452 |
|
| States and Political Subdivisions |
|
|
|
|
|
|
44,468 |
|
|
|
|
|
|
|
44,468 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
2,238 |
|
|
|
|
|
|
|
2,238 |
|
| Equity Securities |
|
|
|
|
|
|
8,785 |
|
|
|
|
|
|
|
8,785 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government Treasury |
|
$ |
186,031 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
186,031 |
|
| U.S. Government Agency |
|
|
|
|
|
|
96,097 |
|
|
|
|
|
|
|
96,097 |
|
| State and Political Subdivisions |
|
|
|
|
|
|
48,388 |
|
|
|
|
|
|
|
48,388 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
2,287 |
|
|
|
|
|
|
|
2,287 |
|
| Equity Securities |
|
|
|
|
|
|
8,745 |
|
|
|
|
|
|
|
8,745 |
|
| |
|
| Schedule of financial instruments with estimated fair values |
A summary of estimated fair values of significant financial instruments
consisted of the following:
| |
|
March 31, 2015 |
|
| (Dollars in Thousands) |
|
Carrying
Value |
|
|
Level 1
Inputs |
|
|
Level 2
Inputs |
|
Level 3
Inputs |
|
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
51,948 |
|
|
$ |
51,948 |
|
|
$ |
|
|
$ |
|
|
| Short-Term Investments |
|
|
296,888 |
|
|
|
296,888 |
|
|
|
|
|
|
|
|
| Investment Securities, Available for Sale |
|
|
404,887 |
|
|
|
240,944 |
|
|
|
163,943 |
|
|
|
|
| Investment Securities, Held to Maturity |
|
|
183,923 |
|
|
|
109,891 |
|
|
|
74,032 |
|
|
|
|
| Loans Held for Sale |
|
|
13,334 |
|
|
|
|
|
|
|
13,334 |
|
|
|
|
| Loans, Net of Allowance for Loan Losses |
|
|
1,435,364 |
|
|
|
|
|
|
|
|
|
|
1,446,236 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,210,014 |
|
|
$ |
|
|
|
$ |
2,169,563 |
|
$ |
|
|
| Short-Term Borrowings |
|
|
49,488 |
|
|
|
|
|
|
|
49,517 |
|
|
|
|
| Subordinated Notes Payable |
|
|
62,887 |
|
|
|
|
|
|
|
42,740 |
|
|
|
|
| Long-Term Borrowings |
|
|
30,418 |
|
|
|
|
|
|
|
31,574 |
|
|
|
|
| |
|
December 31, 2014 |
|
| (Dollars in Thousands) |
|
Carrying
Value |
|
|
Level 1
Inputs |
|
|
Level 2
Inputs |
|
|
Level 3
Inputs |
|
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
55,467 |
|
|
$ |
55,467 |
|
|
$ |
|
|
|
$ |
|
|
| Short-Term Investments |
|
|
329,589 |
|
|
|
329,589 |
|
|
|
|
|
|
|
|
|
| Investment Securities, Available for Sale |
|
|
341,548 |
|
|
|
186,031 |
|
|
|
155,517 |
|
|
|
|
|
| Investment Securities, Held to Maturity |
|
|
163,581 |
|
|
|
76,317 |
|
|
|
87,095 |
|
|
|
|
|
| Loans Held for Sale |
|
|
10,688 |
|
|
|
|
|
|
|
10,688 |
|
|
|
|
|
| Loans, Net of Allowance for Loan Losses |
|
|
1,413,835 |
|
|
|
|
|
|
|
|
|
|
|
1,369,314 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,146,794 |
|
|
$ |
|
|
|
$ |
2,146,510 |
|
|
$ |
|
|
| Short-Term Borrowings |
|
|
49,425 |
|
|
|
|
|
|
|
48,760 |
|
|
|
|
|
| Subordinated Notes Payable |
|
|
62,887 |
|
|
|
|
|
|
|
62,887 |
|
|
|
|
|
| Long-Term Borrowings |
|
|
31,097 |
|
|
|
|
|
|
|
32,313 |
|
|
|
|
|
|