Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Summary of fair values for assets and liabilities recorded at fair value

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, 2014                                
Securities Available for Sale:                                
   U.S. Treasury   $ 64,286     $ —       $ —       $ 64,286  
   U.S. Government Agency     —         79,997       —         79,997  
   States and Political Subdivisions     —         73,764       —         73,764  
   Mortgage-Backed Securities     —         2,722       —         2,722  
   Other Securities     —         8,846       —         8,846  
                                 
December 31, 2013                                
Securities Available for Sale:                                
   U.S. Treasury   $ 71,833     $ —       $ —       $ 71,833  
   U.S. Government Agency     —         75,146       —         75,146  
   State and Political Subdivisions     —         91,753       —         91,753  
   Mortgage-Backed Securities     —         2,795       —         2,795  
   Other Securities     —         9,893       —         9,893  
Summary of estimated fair values of significant financial instruments

A summary of estimated fair values of significant financial instruments consisted of the following:

 

 

    March 31, 2014
(Dollars in Thousands)   Carrying
Value
  Level 1 Inputs   Level 2 Inputs   Level 3 Inputs
ASSETS:                                
Cash   $ 59,288     $ 59,288     $       $    
Short-Term Investments     468,805       468,805                  
Investment Securities, Available for Sale     229,615       64,286       165,329          
Investment Securities, Held to Maturity     191,645       71,418       119,566          
Loans Held for Sale     12,313               12,313          
Loans, Net of Allowance for Loan Losses     1,372,667                       1,303,785  
                                 
LIABILITIES:                                
Deposits   $ 2,163,713     $       $ 2,163,540     $    
Short-Term Borrowings     48,733               48,160          
Subordinated Notes Payable     62,887               62,889          
Long-Term Borrowings     33,971               35,320          

 

 

    December 31, 2013
(Dollars in Thousands)   Carrying
Value
  Level 1 Inputs   Level 2 Inputs   Level 3 Inputs
ASSETS:                                
Cash   $ 55,209     $ 55,209     $ —       $ —    
Short-Term Investments     474,719       474,719       —         —    
Investment Securities, Available for Sale     251,420       71,833       179,587       —    
Investment Securities, Held to Maturity     148,211       43,579       103,382       —    
Loans Held for Sale     11,065       —         11,065          
Loans, Net of Allowance for Loan Losses     1,365,509       —                 1,265,827  
                                 
LIABILITIES:                                
Deposits   $ 2,136,248     $ —       $ 2,136,737     $ —    
Short-Term Borrowings     51,321       —         50,754       —    
Subordinated Notes Payable     62,887       —         62,886       —    
Long-Term Borrowings     38,043       —         39,450       —