| 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 |
|
|
|
|
|