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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Measurements [Abstract]  
Assets Measured At Fair Value On A Recurring And Non-Recurring Basis
    Quoted Prices in              
    Active Markets   Significant          
    for Identical   Other   Significant     
    Assets or   Observable   Unobservable     
    Liabilities   Inputs   Inputs     
    (Level 1)   (Level 2)   (Level 3)    Total
June 30, 2014                  
Measured on a recurring basis:                  
Securities available for sale:                  
U.S. Government agencies and government sponsored enterprises $ - $ 135,117   $ - $ 135,117
Mortgage-backed securities   -   466,555     -   466,555
Asset-backed securities   -   231     -   231
  $ - $ 601,903   $ - $ 601,903
Measured on a nonrecurring basis:                  
Loans:                  
Loans held for sale $ - $ 201   $ - $ 201
Collateral dependent impaired loans   -   -   2,075   2,075
Other assets:                  
Loan servicing rights   -   -   1,446   1,446
Other real estate owned   -   -   554   554
  $ - $ 201 $ 4,075 $ 4,276
 
December 31, 2013                  
Measured on a recurring basis:                  
Securities available for sale:                  
U.S. Government agencies and government sponsored enterprises $ - $ 134,452   $ - $ 134,452
Mortgage-backed securities   -   474,549     -   474,549
Asset-backed securities   -   399     -   399
  $ - $ 609,400   $ - $ 609,400
Measured on a nonrecurring basis:                  
Loans:                  
Loans held for sale $ - $ 3,381   $ - $ 3,381
Collateral dependent impaired loans   -   -   9,227   9,227
Other assets:                  
Loan servicing rights   -   -   1,565   1,565
Other real estate owned   -   -   333   333
  $ - $ 3,381 $ 11,125 $ 14,506

 

Additional Quantitative Information About Assets Measured At Fair Value On A Recurring And Non-Recurring Basis
    Fair     Unobservable Input
Asset   Value Valuation Technique Unobservable Input Value or Range
Collateral dependent impaired loans $ 2,075 Appraisal of collateral (1) Appraisal adjustments (2) 25% - 100% discount
      Discounted cash flow Discount rate 4.5% (3)
        Risk premium rate 11.0% (3)
 
Loan servicing rights   1,446 Discounted cash flow Discount rate 5.2% (3)
        Constant prepayment rate 12.4% (3)
 
Other real estate owned   554 Appraisal of collateral (1) Appraisal adjustments (2) 27% - 43% discount

 

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

(3) Weighted averages.

Carrying Amount, Estimated Fair Value, And Placement In Fair Value Hierarchy Of Financial Instruments

 

  Level in   June 30, 2014   December 31, 2013
  Fair Value       Estimated       Estimated
  Measurement   Carrying   Fair   Carrying   Fair
  Hierarchy   Amount   Value   Amount   Value
Financial assets:                  
Cash and cash equivalents Level 1 $ 64,832 $ 64,832 $ 59,692 $ 59,692
Securities available for sale Level 2   601,903   601,903   609,400   609,400
Securities held to maturity Level 2   262,057   266,640   249,785   250,657
Loans held for sale Level 2   201   201   3,381   3,381
Loans Level 2   1,867,423   1,881,386   1,797,656   1,802,407
Loans (1) Level 3   2,075   2,075   9,227   9,227
Accrued interest receivable Level 1   7,647   7,647   8,150   8,150
FHLB and FRB stock Level 2   15,855   15,855   19,663   19,663
 
Financial liabilities:                  
Non-maturity deposits Level 1   1,824,906   1,824,906   1,724,133   1,724,133
Time deposits Level 2   625,172   626,578   595,923   596,928
Short-term borrowings Level 1   254,683   254,683   337,042   337,042
Accrued interest payable Level 1   3,658   3,658   3,407   3,407

 

(1) Comprised of collateral dependent impaired loans.