XML 72 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Financial Instruments, Owned, at Fair Value [Abstract]  
Schedule of summary of the carrying amounts and fair values of financial instruments
                December 31, 2014  
                Fair Value Measurements  
                Quoted Prices              
                in Active           Net  
                Markets for     Other     Significant  
    December 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   $ 22,364     $ 22,364     $ 22,364     $ 0     $ 0  
Federal funds sold and overnight interest-bearing deposits     20,445       20,445       20,445       0       0  
Investment in available-for-sale securities     198,998       198,998       0       198,998       0  
Loans, net     852,114       854,062       0       0       854,062  
Investment in FHLB stock     3,075       3,075       0       3,075       0  
Mortgage servicing rights     2,762       2,762       0       0       2,762  
Cash surrender value - life insurance     2,284       2,284       0       2,284       0  
Accrued interest receivable     4,816       4,816       4,816       0       0  
    $ 1,106,858     $ 1,108,806     $ 47,625     $ 204,357     $ 856,824  
                                         
Liabilities:                                        
Deposits:                                        
Non-interest bearing demand   $ 207,700     $ 207,700     $ 207,700     $ 0     $ 0  
Savings, interest checking and money market     442,059       442,059       442,059       0       0  
Time deposits     319,755       321,041       0       0       321,041  
Federal funds purchased and securities sold under agreements to repurchase     17,970       17,970       17,970       0       0  
Subordinated notes     49,486       33,371       0       33,371       0  
Federal Home Loan Bank advances     43,000       44,396       0       44,396       0  
Accrued interest payable     373       373       373       0       0  
    $ 1,080,343     $ 1,066,910     $ 668,102     $ 77,767     $ 321,041  

   

                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       0       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