Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.6
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Schedule of fair value of financial assets and liabilities measured on a recurring basis

 

 

 

 

(Dollars in Thousands)

 

Level 1
Inputs

 

Level 2
Inputs

 

Level 3
Inputs

 

Total Fair
Value

 

June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

$

123,002

 

$

—

 

$

—

 

$

123,002

 

U.S. Government Agency

 

 

25,792

 

 

5,716

 

 

—

 

 

31,508

 

States and Political Subdivisions

 

 

—

 

 

65,573

 

 

—

 

 

65,573

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-Backed Securities

 

 

—

 

 

49,699

 

 

—

 

 

49,699

 

Other Securities

 

 

—

 

 

10,971

 

 

—

 

 

10,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Swap

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

$

169,464

 

$

—

 

$

—

 

$

169,464

 

U.S. Government Agency

 

 

14,737

 

 

—

 

 

—

 

 

14,737

 

States and Political Subdivisions

 

 

—

 

 

59,094

 

 

—

 

 

59,094

 

Mortgage-Backed Securities

 

 

—

 

 

52,497

 

 

—

 

 

52,497

 

Other Securities

 

 

—

 

 

11,357

 

 

—

 

 

11,357

 

LIABILITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Swap

 

 

—

 

 

—

 

 

572

 

 

572

Schedule of tabular disclosure of estimated fair values of significant financial instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

(Dollars in Thousands)

 

Carrying
Value

 

Level 1
Inputs

 

Level 2
Inputs

 

Level 3
Inputs

 

ASSETS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

57,477

 

$

57,477

 

$

—

 

$

—

 

Short-Term Investments

 

 

434,814

 

 

434,814

 

 

—

 

 

—

 

Investment Securities

 

 

280,753

 

 

148,794

 

 

131,959

 

 

—

 

Loans, Net of Allowance for Loan Losses

 

 

1,526,307

 

 

—

 

 

—

 

 

1,395,960

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

2,150,386

 

$

—

 

$

2,150,961

 

$

—

 

Short-Term Borrowings

 

 

69,449

 

 

—

 

 

68,066

 

 

—

 

Subordinated Notes Payable

 

 

62,887

 

 

—

 

 

62,886

 

 

—

 

Long-Term Borrowings

 

 

38,846

 

 

—

 

 

42,028

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

(Dollars in Thousands)

 

Carrying
Value

 

Level 1
Inputs

 

Level 2
Inputs

 

Level 3
Inputs

 

ASSETS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

54,953

 

$

54,953

 

$

—

 

$

—

 

Short-Term Investments

 

 

330,361

 

 

330,361

 

 

—

 

 

—

 

Investment Securities

 

 

307,149

 

 

184,201

 

 

122,948

 

 

—

 

Loans, Net of Allowance for Loan Losses

 

 

1,597,648

 

 

—

 

 

—

 

 

1,485,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

2,172,519

 

$

—

 

$

2,173,331

 

$

—

 

Short-Term Borrowings

 

 

43,372

 

 

—

 

 

42,021

 

 

—

 

Subordinated Notes Payable

 

 

62,887

 

 

—

 

 

62,858

 

 

—

 

Long-Term Borrowings

 

 

44,606

 

 

—

 

 

47,770

 

 

—