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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Measurements Tables  
Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

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, 2015                                
Securities Available for Sale:                                
U.S. Government Treasury   $ 240,944     $     $     $ 240,944  
U.S. Government Agency           108,452             108,452  
States and Political Subdivisions           44,468             44,468  
Mortgage-Backed Securities           2,238             2,238  
Equity Securities           8,785             8,785  
                                 
December 31, 2014                                
Securities Available for Sale:                                
U.S. Government Treasury   $ 186,031     $     $     $ 186,031  
U.S. Government Agency           96,097             96,097  
State and Political Subdivisions           48,388             48,388  
Mortgage-Backed Securities           2,287             2,287  
Equity Securities           8,745             8,745  
 
Schedule of financial instruments with estimated fair values

A summary of estimated fair values of significant financial instruments consisted of the following:

 

 

    March 31, 2015  
(Dollars in Thousands)   Carrying
Value
    Level 1
Inputs
    Level 2
Inputs
  Level 3
Inputs
 
ASSETS:                              
Cash   $ 51,948     $ 51,948     $     $    
Short-Term Investments     296,888       296,888                
Investment Securities, Available for Sale     404,887       240,944       163,943        
Investment Securities, Held to Maturity     183,923       109,891       74,032        
Loans Held for Sale     13,334               13,334        
Loans, Net of Allowance for Loan Losses     1,435,364                     1,446,236  
                               
LIABILITIES:                              
Deposits   $   2,210,014     $       $   2,169,563   $    
Short-Term Borrowings     49,488               49,517        
Subordinated Notes Payable     62,887               42,740        
Long-Term Borrowings     30,418               31,574        

 

    December 31, 2014  
(Dollars in Thousands)   Carrying
Value
    Level 1
Inputs
    Level 2
Inputs
    Level 3
Inputs
 
ASSETS:                                
Cash   $ 55,467     $ 55,467     $     $  
Short-Term Investments     329,589       329,589              
Investment Securities, Available for Sale     341,548       186,031       155,517        
Investment Securities, Held to Maturity     163,581       76,317       87,095        
Loans Held for Sale     10,688             10,688          
Loans, Net of Allowance for Loan Losses     1,413,835                   1,369,314  
                                 
LIABILITIES:                                
Deposits   $ 2,146,794     $     $ 2,146,510     $  
Short-Term Borrowings     49,425             48,760        
Subordinated Notes Payable     62,887             62,887        
Long-Term Borrowings     31,097             32,313