| Schedule of financial assets and financial liabilities measured at fair value on a recurring basis |
A
summary of fair values for assets and liabilities recorded at fair value at December 31 consisted of the following:
| (Dollars
in Thousands) |
|
Level
1
Inputs |
|
|
Level
2
Inputs |
|
|
Level
3
Inputs |
|
|
Total
Fair
Value |
|
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available
for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S.
Government Treasury |
|
$ |
250,346 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
250,346 |
|
| U.S.
Government Agency |
|
|
|
|
|
|
101,824 |
|
|
|
|
|
|
|
101,824 |
|
| States
and Political Subdivisions |
|
|
|
|
|
|
88,362 |
|
|
|
|
|
|
|
88,362 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
1,901 |
|
|
|
|
|
|
|
1,901 |
|
| Equity
Securities |
|
|
|
|
|
|
8,595 |
|
|
|
|
|
|
|
8,595 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 at December 31 consisted of the following:
| |
|
2015 |
|
| (Dollars
in Thousands) |
|
Carrying
Value |
|
|
Level
1
Inputs |
|
|
Level
2
Inputs |
|
|
Level
3
Inputs |
|
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
51,288 |
|
|
$ |
51,288 |
|
|
$ |
|
|
|
$ |
|
|
| Short-Term Investments |
|
|
327,617 |
|
|
|
327,617 |
|
|
|
|
|
|
|
|
|
| Investment Securities,
Available for Sale |
|
|
451,028 |
|
|
|
250,346 |
|
|
|
200,682 |
|
|
|
|
|
| Investment Securities,
Held to Maturity |
|
|
187,892 |
|
|
|
134,439 |
|
|
|
52,968 |
|
|
|
|
|
| Loans Held for Sale |
|
|
11,632 |
|
|
|
|
|
|
|
11,632 |
|
|
|
|
|
| Loans, Net of Allowance
for Loan Losses |
|
|
1,478,322 |
|
|
|
|
|
|
|
|
|
|
|
1,483,926 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,302,849 |
|
|
$ |
|
|
|
$ |
2,228,210 |
|
|
$ |
|
|
| Short-Term Borrowings |
|
|
61,058 |
|
|
|
|
|
|
|
64,947 |
|
|
|
|
|
| Subordinated Notes
Payable |
|
|
62,887 |
|
|
|
|
|
|
|
49,230 |
|
|
|
|
|
| Long-Term Borrowings |
|
|
28,265 |
|
|
|
|
|
|
|
30,448 |
|
|
|
|
|
| |
|
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 |
|
|
|
|
|
|