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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [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:

		March 31, 2016						December 31, 2015
		Carrying						Carrying
*(In thousands)*		Amount			Fair Value			Amount			Fair Value
Balance sheet assets:
Cash and cash equivalents		$	145,346		$	145,346		$	253,172		$	253,172
Investment securities			373,145			373,145			375,696			375,696
Loans, net			673,980			675,686			647,420			649,161
Accrued interest receivable			5,556			5,556			6,647			6,647
Total		$	1,198,027		$	1,199,733		$	1,282,935		$	1,284,676
Balance sheet liabilities:
Deposits		$	605,845		$	606,236		$	646,484		$	646,892
Accounts and drafts payable			536,725			536,725			577,259			577,259
Accrued interest payable			46			46			35			35
Total		$	1,142,616		$	1,143,007		$	1,223,778		$	1,224,186

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.

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