XML 51 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1

FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2017

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of assets and liabilities measured on a recurring basis

		December 31, 2017
						Fair Value Measurements Using:
(In thousands)		Carrying Value				Quoted Prices In Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Financial assets:
Available for sale securities:
U.S. GSE securities		$	56,814							$	56,814
State and municipal obligations			87,022								87,022
U.S. GSE residential mortgage-backed securities			186,901								186,901
U.S. GSE residential collateralized mortgage obligations			307,390								307,390
U.S. GSE commercial mortgage-backed securities			5,979								5,979
U.S. GSE commercial collateralized mortgage obligations			48,716								48,716
Other asset backed securities			23,401								23,401
Corporate bonds			43,693								43,693
Total available for sale securities		$	759,916							$	759,916
Derivatives		$	4,546							$	4,546
Financial liabilities:
Derivatives		$	1,823							$	1,823

		December 31, 2016
						Fair Value Measurements Using:
(In thousands)		Carrying Value				Quoted Prices In Active Markets for Identical Assets  (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs  (Level 3)
Financial assets:
Available for sale securities:
U.S. GSE securities		$	63,649							$	63,649
State and municipal obligations			116,165								116,165
U.S. GSE residential mortgage-backed securities			158,048								158,048
U.S. GSE residential collateralized mortgage obligations			367,511								367,511
U.S. GSE commercial mortgage-backed securities			6,307								6,307
U.S. GSE commercial collateralized mortgage obligations			55,192								55,192
Other asset backed securities			22,553								22,553
Corporate bonds			30,297								30,297
Total available for sale securities		$	819,722							$	819,722
Derivatives		$	2,510							$	2,510
Financial liabilities:
Derivatives		$	1,670							$	1,670

Schedule of assets measured at fair value on a non-recurring basis

December 31, 2017

Fair Value Measurements Using:

(In thousands)

Carrying Value

Quoted Prices In Active Markets for Identical Assets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Impaired loans

$

—

$

—

December 31, 2016

Fair Value Measurements Using:

(In thousands)

Carrying Value

Quoted Prices In Active Markets for Identical Assets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Impaired loans

$

64

$

64

Schedule of estimated fair values and recorded carrying values of financial instruments

		December 31, 2017
						Fair Value Measurement Using:
(In thousands)		Carrying Amount				Quoted Prices In Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs  (Level 2)				Significant Unobservable Inputs (Level 3)				Total Fair Value
Financial assets:
Cash and due from banks		$	76,614			$	76,614			$	—			$	—			$	76,614
Interest bearing deposits with banks			18,133				18,133				—				—				18,133
Securities available for sale			759,916				—				759,916				—				759,916
Securities restricted			35,349				n/a				n/a				n/a				n/a
Securities held to maturity			180,866				—				179,885				—				179,885
Loans, net			3,071,045				—				—				3,010,023				3,010,023
Derivatives			4,546				—				4,546				—				4,546
Accrued interest receivable			11,652				—				3,211				8,441				11,652
Financial liabilities:
Certificates of deposit			222,364				—				220,775				—				220,775
Demand and other deposits			3,112,179				3,112,179				—				—				3,112,179
Federal funds purchased			50,000				50,000				—				—				50,000
Federal Home Loan Bank advances			501,374				185,000				313,558				—				498,558
Repurchase agreements			877				—				877				—				877
Subordinated debentures			78,641				—				77,933				—				77,933
Derivatives			1,823				—				1,823				—				1,823
Accrued interest payable			1,574				—				462				1,112				1,574

		December 31, 2016
						Fair Value Measurement Using:
(In thousands)		Carrying Amount				Quoted Prices In Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs  (Level 2)				Significant Unobservable Inputs (Level 3)				Total Fair Value
Financial assets:
Cash and due from banks		$	102,280			$	102,280			$	—			$	—			$	102,280
Interest bearing deposits with banks			11,558				11,558				—				—				11,558
Securities available for sale			819,722				—				819,722				—				819,722
Securities restricted			34,743				n/a				n/a				n/a				n/a
Securities held to maturity			223,237				—				222,878				—				222,878
Loans, net			2,574,536				—				—				2,542,395				2,542,395
Derivatives			2,510				—				2,510				—				2,510
Accrued interest receivable			10,233				—				3,480				6,753				10,233
Financial liabilities:
Certificates of deposit			206,732				—				206,026				—				206,026
Demand and other deposits			2,719,277				2,719,277				—				—				2,719,277
Federal funds purchased			100,000				100,000				—				—				100,000
Federal Home Loan Bank advances			496,684				175,000				321,249				—				496,249
Repurchase agreements			674				—				674				—				674
Subordinated debentures			78,502				—				78,303				—				78,303
Junior subordinated debentures			15,244				—				—				15,258				15,258
Derivatives			1,670				—				1,670				—				1,670
Accrued interest payable			1,849				—				403				1,446				1,849

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration