| Summary of fair values for assets and liabilities recorded at fair value |
A summary of fair values for assets and liabilities recorded at
fair value consisted of the following:
| (Dollars in Thousands) |
|
Level 1 Inputs |
|
Level 2 Inputs |
|
Level 3 Inputs |
|
Total Fair Value |
| September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury |
|
$ |
79,440 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
79,440 |
|
| U.S. Government Agency |
|
|
|
|
|
|
72,187 |
|
|
|
|
|
|
|
72,187 |
|
| States and Political Subdivisions |
|
|
|
|
|
|
107,293 |
|
|
|
|
|
|
|
107,293 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
2,904 |
|
|
|
|
|
|
|
2,904 |
|
| Federal Reserve and FHLB Stock |
|
|
|
|
|
|
10,014 |
|
|
|
|
|
|
|
10,014 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury |
|
$ |
97,249 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
97,249 |
|
| U.S. Government Agency |
|
|
|
|
|
|
51,664 |
|
|
|
|
|
|
|
51,664 |
|
| State and Political Subdivisions |
|
|
|
|
|
|
79,879 |
|
|
|
|
|
|
|
79,879 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
56,982 |
|
|
|
|
|
|
|
56,982 |
|
| Federal Reserve and FHLB Stock |
|
|
|
|
|
|
11,211 |
|
|
|
|
|
|
|
11,211 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of estimated fair values of significant financial instruments |
A summary of estimated fair values of significant financial instruments
consisted of the following:
| |
|
September 30, 2013 |
| (Dollars in Thousands) |
|
Carrying Value |
|
Level 1 Inputs |
|
Level 2 Inputs |
|
Level 3 Inputs |
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
51,136 |
|
|
$ |
51,136 |
|
|
$ |
|
|
|
$ |
|
|
| Short-Term Investments |
|
|
358,869 |
|
|
|
358,869 |
|
|
|
|
|
|
|
|
|
| Investment Securities Available for Sale |
|
|
271,838 |
|
|
|
79,440 |
|
|
|
192,398 |
|
|
|
|
|
| Investment Securities Held to Maturity |
|
|
97,309 |
|
|
|
14,992 |
|
|
|
82,423 |
|
|
|
|
|
| Loans Held for Sale |
|
|
13,822 |
|
|
|
|
|
|
|
13,822 |
|
|
|
|
|
| Loans, Net of Allowance for Loan Losses |
|
|
1,392,832 |
|
|
|
|
|
|
|
|
|
|
|
1,291,155 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,016,886 |
|
|
$ |
|
|
|
$ |
2,017,412 |
|
|
$ |
|
|
| Short-Term Borrowings |
|
|
51,918 |
|
|
|
|
|
|
|
51,465 |
|
|
|
|
|
| Subordinated Notes Payable |
|
|
62,887 |
|
|
|
|
|
|
|
62,891 |
|
|
|
|
|
| Long-Term Borrowings |
|
|
40,244 |
|
|
|
|
|
|
|
41,937 |
|
|
|
|
|
| |
|
December 31, 2012 |
| (Dollars in Thousands) |
|
Carrying Value |
|
Level 1 Inputs |
|
Level 2 Inputs |
|
Level 3 Inputs |
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
66,238 |
|
|
$ |
66,238 |
|
|
$ |
|
|
|
$ |
|
|
| Short-Term Investments |
|
|
443,494 |
|
|
|
443,494 |
|
|
|
|
|
|
|
|
|
| Investment Securities Available for Sale |
|
|
296,985 |
|
|
|
97,249 |
|
|
|
199,736 |
|
|
|
|
|
| Loans Held for Sale |
|
|
14,189 |
|
|
|
|
|
|
|
14,189 |
|
|
|
|
|
| Loans, Net of Allowance for Loan Losses |
|
|
1,477,946 |
|
|
|
|
|
|
|
|
|
|
|
1,370,056 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,144,996 |
|
|
$ |
|
|
|
$ |
2,145,547 |
|
|
$ |
|
|
| Short-Term Borrowings |
|
|
47,435 |
|
|
|
|
|
|
|
46,503 |
|
|
|
|
|
| Subordinated Notes Payable |
|
|
62,887 |
|
|
|
|
|
|
|
62,896 |
|
|
|
|
|
| Long-Term Borrowings |
|
|
46,859 |
|
|
|
|
|
|
|
50,003 |
|
|
|
|
|
|