XML 30 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1

Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes our assets and liabilities that were required to be recorded at fair value on a recurring basis.

(in thousands)   Description of Financial Instruments	Carrying Value			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs  (Level 3)			Measurement Categories: Changes in Fair Value Recorded In1
September 30, 2018
Securities available-for-sale:
Mortgage-backed securities and collateralized mortgage obligations issued by U.S. government agencies	$	246,220		$	—		$	246,220		$	—		OCI
SBA-backed securities	40,181			—			40,181			—			OCI
Debentures of government sponsored agencies	42,914			—			42,914			—			OCI
Privately-issued collateralized mortgage obligations	370			—			370			—			OCI
Obligations of state and political subdivisions	73,373			—			73,373			—			OCI
Corporate bonds	2,513			—			2,513			—			OCI
Derivative financial assets (interest rate contracts)	436			—			436			—			NI
Derivative financial liabilities (interest rate contracts)	163			—			163			—			NI
December 31, 2017
Securities available-for-sale:
Mortgage-backed securities and collateralized mortgage obligations issued by U.S. government agencies	$	188,061		$	—		$	188,061		$	—		OCI
SBA-backed securities	25,982			—			25,817			165			OCI
Debentures of government sponsored agencies	12,938			—			12,938			—			OCI
Privately-issued collateralized mortgage obligations	1,431			—			1,431			—			OCI
Obligations of state and political subdivisions	97,491			—			97,491			—			OCI
Corporate bonds	6,564			—			6,564			—			OCI
Derivative financial assets (interest rate contracts)	74			—			74			—			NI
Derivative financial liabilities (interest rate contracts)	740			—			740			—			NI

 ¹ Other comprehensive income ("OCI") or net income ("NI").

Schedule of Fair Value by Balance Sheet Grouping

The following table summarizes fair value estimates for financial instruments as of September 30, 2018 and December 31, 2017, excluding financial instruments recorded at fair value on a recurring basis (summarized in the first table in this note). The carrying amounts in the following table are recorded in the consolidated statements of condition under the indicated captions. Further, we have not disclosed the fair value of financial instruments specifically excluded from disclosure requirements such as bank-owned life insurance policies ("BOLI") and non-maturity deposit liabilities. Additionally, we hold shares of FHLB stock and Visa Inc. Class B common stock at cost. These shares are restricted from resale, except among member banks, and their values are discussed in Note 4, Investment Securities.

	September 30, 2018								December 31, 2017
(in thousands)	Carrying Amounts			Fair Value			Fair Value Hierarchy		Carrying Amounts			Fair Value			Fair Value Hierarchy
Financial assets (recorded at amortized cost)
Cash and cash equivalents	$	142,718		$	142,718		Level 1		$	203,545		$	203,545		Level 1
Investment securities held-to-maturity	164,222			158,106			Level 2		151,032			151,032			Level 2
Loans, net	1,713,054			1,683,109			Level 3		1,663,246			1,650,198			Level 3
Interest receivable	7,366			7,366			Level 2		7,501			7,501			Level 2
Financial liabilities (recorded at amortized cost)
Time deposits	126,140			124,796			Level 2		160,116			159,540			Level 2
Subordinated debentures	5,831			7,505			Level 3		5,739			5,118			Level 3
Interest payable	155			155			Level 2		191			191			Level 2

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

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