| 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 |
|
| September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury |
|
$ |
165,057 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
165,057 |
|
| U.S. Government Agency |
|
|
|
|
|
|
94,994 |
|
|
|
|
|
|
|
94,994 |
|
| States and Political Subdivisions |
|
|
|
|
|
|
51,140 |
|
|
|
|
|
|
|
51,140 |
|
| Mortgage-Backed Securities |
|
|
|
|
|
|
2,361 |
|
|
|
|
|
|
|
2,361 |
|
| Equity Securities |
|
|
|
|
|
|
8,745 |
|
|
|
|
|
|
|
8,745 |
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fair Value Swap |
|
|
|
|
|
|
|
|
|
|
161 |
|
|
|
161 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
| Equity 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:
| |
|
September 30, 2014 |
|
| (Dollars in Thousands) |
|
Carrying
Value |
|
|
Level 1
Inputs |
|
|
Level 2
Inputs |
|
|
Level 3
Inputs |
|
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
50,049 |
|
|
$ |
50,049 |
|
|
$ |
|
|
|
$ |
|
|
| Short-Term Investments |
|
|
253,974 |
|
|
|
253,974 |
|
|
|
|
|
|
|
|
|
| Investment Securities, Available for Sale |
|
|
322,297 |
|
|
|
165,057 |
|
|
|
157,240 |
|
|
|
|
|
| Investment Securities, Held to Maturity |
|
|
173,188 |
|
|
|
76,280 |
|
|
|
96,437 |
|
|
|
|
|
| Loans Held for Sale |
|
|
8,700 |
|
|
|
|
|
|
|
8,700 |
|
|
|
|
|
| Loans, Net of Allowance for Loan Losses |
|
|
1,395,282 |
|
|
|
|
|
|
|
|
|
|
|
1,326,357 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,033,578 |
|
|
$ |
|
|
|
$ |
2,033,271 |
|
|
$ |
|
|
| Short-Term Borrowings |
|
|
42,586 |
|
|
|
|
|
|
|
41,998 |
|
|
|
|
|
| Subordinated Notes Payable |
|
|
62,887 |
|
|
|
|
|
|
|
62,890 |
|
|
|
|
|
| Long-Term Borrowings |
|
|
32,305 |
|
|
|
|
|
|
|
33,495 |
|
|
|
|
|
| |
|
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 |
|
|
|
|
|
|