Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value of Financial Instruments [Abstract]

Summary of the Fair Value of Financial Instruments

Following is a summary of the carrying amounts and fair values of the Company's financial instruments:

	September 30, 2013				December 31, 2012
	Carrying				Carrying
*(In thousands)*	Amount		Fair Value		Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	240,307	$	240,307	$	141,088	$	141,088
Investment securities		308,721		308,721		341,935		341,935
Loans, net		623,373		629,106		675,376		676,675
Accrued interest receivable		5,117		5,117		6,276		6,276
Total	$	1,177,518	$	1,183,251	$	1,164,675	$	1,165,974
Balance sheet liabilities:
Deposits	$	560,836	$	561,217	$	563,708	$	564,189
Accounts and drafts payable		564,731		564,731		522,761		522,761
Accrued interest payable		109		109		112		112
Total	$	1,125,676	$	1,126,057	$	1,086,581	$	1,087,062

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References+ Details