| 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, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government Treasury |
|
$ |
259,060 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
259,060 |
|
| U.S. Government Agency |
|
|
|
|
|
|
104,207 |
|
|
|
|
|
|
|
104,207 |
|
| States and Political Subdivisions |
|
|
|
|
|
|
88,865 |
|
|
|
|
|
|
|
88,865 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
1,563 |
|
|
|
|
|
|
|
1,563 |
|
| Equity Securities |
|
|
|
|
|
|
8,749 |
|
|
|
|
|
|
|
8,749 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government Treasury |
|
$ |
250,346 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
250,346 |
|
| U.S. Government Agency |
|
|
|
|
|
|
101,824 |
|
|
|
|
|
|
|
101,824 |
|
| State and Political Subdivisions |
|
|
|
|
|
|
88,362 |
|
|
|
|
|
|
|
88,362 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
1,901 |
|
|
|
|
|
|
|
1,901 |
|
| Equity Securities |
|
|
|
|
|
|
8,595 |
|
|
|
|
|
|
|
8,595 |
|
|
| Schedule of financial instruments with estimated fair values |
A summary of estimated fair values of significant financial instruments
consisted of the following:
| |
|
March 31, 2016 |
| (Dollars in Thousands) |
|
Carrying
Value
|
|
Level 1
Inputs |
|
Level 2
Inputs |
|
Level 3
Inputs |
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
45,914 |
|
|
$ |
45,914 |
|
|
$ |
|
|
|
$ |
|
|
| Short-Term Investments |
|
|
304,908 |
|
|
|
304,908 |
|
|
|
|
|
|
|
|
|
| Investment Securities, Available for Sale |
|
|
462,444 |
|
|
|
259,060 |
|
|
|
203,384 |
|
|
|
|
|
| Investment Securities, Held to Maturity |
|
|
187,079 |
|
|
|
140,097 |
|
|
|
47,552 |
|
|
|
|
|
| Loans Held for Sale |
|
|
10,475 |
|
|
|
|
|
|
|
10,475 |
|
|
|
|
|
| Loans, Net of Allowance for Loan Losses |
|
|
1,493,222 |
|
|
|
|
|
|
|
|
|
|
|
1,502,154 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,291,408 |
|
|
$ |
|
|
|
$ |
2,259,999 |
|
|
$ |
|
|
| Short-Term Borrowings |
|
|
62,922 |
|
|
|
|
|
|
|
62,938 |
|
|
|
|
|
| Subordinated Notes Payable |
|
|
62,887 |
|
|
|
|
|
|
|
49,200 |
|
|
|
|
|
| Long-Term Borrowings |
|
|
27,062 |
|
|
|
|
|
|
|
27,929 |
|
|
|
|
|
| |
|
December 31, 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 |
|
|
|
|
|