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Fair Value of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Fair Value of Financial Instruments |
Summary of the carrying amounts and fair values of financial instruments |
|  |  |  |  |  | March 31, 2014 |
|  |  |  |  |  | Fair Value Measurements |
|  |  |  |  |  | Quoted Prices |  |  |  |  |
|  |  |  |  |  | in Active |  |  |  | Net |
|  |  |  |  |  | Markets for |  | Other |  | Significant |
|  | March 31, 2014 |  | Identical |  | Observable |  | Unobservable |
|  | Carrying |  | Fair |  | Assets |  | Inputs |  | Inputs |
(in thousands) |  | Amount |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 24,314 |  | $ | 24,314 |  | $ | 24,314 |  | $ | 0 |  | $ | 0 |
Federal funds sold and overnight interest-bearing deposits |  | 16,920 |  | 16,920 |  | 16,920 |  | 0 |  | 0 |
Investment in available-for-sale securities |  | 213,227 |  | 213,227 |  | 1,001 |  | 212,226 |  | 0 |
Loans, net |  | 832,462 |  | 835,199 |  | 0 |  | 0 |  | 835,199 |
Investment in FHLB stock |  | 2,315 |  | 2,315 |  | 0 |  | 2,315 |  | 0 |
Mortgage servicing rights |  | 3,040 |  | 3,040 |  | 0 |  | 0 |  | 3,040 |
Cash surrender value - life insurance |  | 2,233 |  | 2,233 |  |  |  | 2,233 |  | 0 |
Accrued interest receivable |  | 4,441 |  | 4,441 |  | 4,441 |  | 0 |  | 0 |
|  | $ | 1,098,952 |  | $ | 1,101,689 |  | $ | 46,676 |  | $ | 216,774 |  | $ | 838,239 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |
Non-interest bearing demand |  | $ | 189,925 |  | $ | 189,925 |  | $ | 189,925 |  | $ | 0 |  | $ | 0 |
Savings, interest checking and money market |  | 453,724 |  | 453,724 |  | 453,724 |  | 0 |  | 0 |
Time deposits |  | 344,087 |  | 346,442 |  | 0 |  | 0 |  | 346,442 |
Federal funds purchased and securities sold under agreements to repurchase |  | 20,761 |  | 20,761 |  | 20,761 |  | 0 |  | 0 |
Subordinated notes |  | 49,486 |  | 34,081 |  | 0 |  | 34,081 |  | 0 |
Federal Home Loan Bank advances |  | 24,000 |  | 25,261 |  | 0 |  | 25,261 |  | 0 |
Accrued interest payable |  | 412 |  | 412 |  | 412 |  | 0 |  | 0 |
|  | $ | 1,082,395 |  | $ | 1,070,606 |  | $ | 664,822 |  | $ | 59,342 |  | $ | 346,442 |
|  |  |  |  |  | December 31, 2013 |
|  |  |  |  |  | Fair Value Measurements |
|  |  |  |  |  | Quoted Prices |  |  |  |  |
|  |  |  |  |  | in Active |  |  |  | Net |
|  |  |  |  |  | Markets for |  | Other |  | Significant |
|  | December 31, 2013 |  | Identical |  | Observable |  | Unobservable |
|  | Carrying |  | Fair |  | Assets |  | Inputs |  | Inputs |
(in thousands) |  | Amount |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 27,079 |  | $ | 27,079 |  | $ | 27,079 |  | $ | 0 |  | $ | 0 |
Federal funds sold and overnight interest-bearing deposits |  | 1,360 |  | 1,360 |  | 1,360 |  | 0 |  | 0 |
Investment in available-for-sale securities |  | 205,985 |  | 205,985 |  | 1,003 |  | 204,982 |  | 0 |
Loans, net |  | 825,828 |  | 829,223 |  | 0 |  | 0 |  | 829,223 |
Investment in FHLB stock |  | 2,354 |  | 2,354 |  | 0 |  | 2,354 |  | 0 |
Mortgage servicing rights |  | 3,036 |  | 3,036 |  | 0 |  | 0 |  | 3,036 |
Cash surrender value - life insurance |  | 2,213 |  | 2,213 |  |  |  | 2,213 |  | 0 |
Accrued interest receivable |  | 4,999 |  | 4,999 |  | 4,999 |  | 0 |  | 0 |
|  | $ | 1,072,854 |  | $ | 1,076,249 |  | $ | 34,441 |  | $ | 209,549 |  | $ | 832,259 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |  |
Non-interest bearing demand |  | $ | 187,382 |  | $ | 187,382 |  | $ | 187,382 |  | $ | 0 |  | $ | 0 |
Savings, interest checking and money market |  | 419,085 |  | 419,085 |  | 419,085 |  | 0 |  | 0 |
Time deposits |  | 350,004 |  | 352,432 |  | 0 |  | 0 |  | 352,432 |
Federal funds purchased and securities sold under agreements to repurchase |  | 31,084 |  | 31,084 |  | 31,084 |  | 0 |  | 0 |
Subordinated notes |  | 49,486 |  | 32,048 |  | 0 |  | 32,048 |  | 0 |
Federal Home Loan Bank advances |  | 24,000 |  | 25,366 |  | 0 |  | 25,366 |  | 0 |
Accrued interest payable |  | 426 |  | 426 |  | 426 |  | 0 |  | 0 |
|  | $ | 1,061,467 |  | $ | 1,047,823 |  | $ | 637,977 |  | $ | 57,414 |  | $ | 352,432 |

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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