| 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 |
| June 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury |
|
$ |
243,990 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
243,990 |
|
| U.S. Government Agency |
|
|
|
|
|
|
102,998 |
|
|
|
|
|
|
|
102,998 |
|
| States and Political
Subdivisions |
|
|
|
|
|
|
75,874 |
|
|
|
|
|
|
|
75,874 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
2,131 |
|
|
|
|
|
|
|
2,131 |
|
| Equity Securities |
|
|
|
|
|
|
8,695 |
|
|
|
|
|
|
|
8,695 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. 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:
| |
|
June
30, 2015 |
| (Dollars
in Thousands) |
|
Carrying
Value
|
|
Level
1 Inputs |
|
Level
2 Inputs |
|
Level
3 Inputs |
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
61,484 |
|
|
$ |
61,484 |
|
|
$ |
|
|
|
$ |
|
|
| Short-Term Investments |
|
|
185,572 |
|
|
|
185,572 |
|
|
|
|
|
|
|
|
|
| Investment Securities, Available for Sale |
|
|
433,688 |
|
|
|
243,990 |
|
|
|
189,698 |
|
|
|
|
|
| Investment Securities, Held to Maturity |
|
|
201,805 |
|
|
|
135,358 |
|
|
|
66,571 |
|
|
|
|
|
| Loans Held for Sale |
|
|
10,991 |
|
|
|
|
|
|
|
10,991 |
|
|
|
|
|
| Loans, Net of Allowance for Loan Losses |
|
|
1,459,029 |
|
|
|
|
|
|
|
|
|
|
|
1,471,717 |
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,164,644 |
|
|
$ |
|
|
|
$ |
2,094,514 |
|
|
$ |
|
|
| Short-Term Borrowings |
|
|
53,698 |
|
|
|
|
|
|
|
53,700 |
|
|
|
|
|
| Subordinated Notes Payable |
|
|
62,887 |
|
|
|
|
|
|
|
45,639 |
|
|
|
|
|
| Long-Term Borrowings |
|
|
29,733 |
|
|
|
|
|
|
|
30,687 |
|
|
|
|
|
| |
|
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 |
|
|
|
|
|
|