Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 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
June 30, 2014                                
Securities Available for Sale:                                
U.S. Treasury   $ 114,667     $ —       $ —       $ 114,667  
U.S. Government Agency     —         89,002       —         89,002  
States and Political Subdivisions     —         59,983       —         59,983  
Mortgage-Backed Securities     —         2,685       —         2,685  
Other Securities     —         8,745       —         8,745  
                                 
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:

 

    June 30, 2014
(Dollars in Thousands)   Carrying
Value		   Level 1
Inputs		   Level 2
Inputs		   Level 3
Inputs
ASSETS:                                
Cash   $ 63,956     $ 63,956     $ —       $ —    
Short-Term Investments     354,233       354,233       —         —    
Investment Securities, Available for Sale     275,082       114,667       160,415       —    
Investment Securities, Held to Maturity     180,393       71,561       108,757       —    
Loans Held for Sale     13,040       —         13,040       —    
Loans, Net of Allowance for Loan Losses     1,385,048       —                 1,315,496  
LIABILITIES:                                
Deposits   $ 2,108,450     $ —       $ 2,108,250     $ —    
Short-Term Borrowings     36,732       —         36,322       —    
Subordinated Notes Payable     62,887       —         62,891       —    
Long-Term Borrowings     33,282       —         34,715       —    

 

    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       —