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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2015
Financial Instruments, Owned, at Fair Value [Abstract]  
Summary of the carrying amounts and fair values of financial instruments

 

                September 30, 2015  
                Fair Value Measurements  
                Quoted Prices              
                in Active           Net  
                Markets for     Other     Significant  
    September 30, 2015     Identical     Observable     Unobservable  
    Carrying     Fair     Assets     Inputs     Inputs  
(in thousands)   Amount     Value     (Level 1)     (Level 2)     (Level 3)  
Assets:                                        
Cash and due from banks   $ 17,664     $ 17,664     $ 17,664     $ 0     $ 0  
Federal funds sold and overnight interest-bearing deposits     14,463       14,463       14,463       0       0  
Investment in available-for-sale securities     244,250       244,250       0       244,250       0  
Loans, net     870,228       868,077       0       0       868,077  
Investment in FHLB stock     4,590       4,590       0       4,590       0  
Mortgage servicing rights     2,774       2,774       0       0       2,774  
Cash surrender value - life insurance     2,329       2,329       0       2,329       0  
Accrued interest receivable     4,909       4,909       4,909       0       0  
    $ 1,161,207     $ 1,159,056     $ 37,036     $ 251,169     $ 870,851  
Liabilities:                                        
Deposits:                                        
Non-interest bearing demand   $ 209,714     $ 209,714     $ 209,714     $ 0     $ 0  
Savings, interest checking and money market     452,878       452,878       452,878       0       0  
Time deposits     309,576       310,674       0       0       310,674  
Federal funds purchased and securities sold under agreements to repurchase     27,762       27,762       27,762       0       0  
Subordinated notes     49,486       35,056       0       35,056       0  
Federal Home Loan Bank advances     80,000       82,572       0       82,572       0  
Accrued interest payable     378       378       378       0       0  
    $ 1,129,794     $ 1,119,034     $ 690,732     $ 117,628     $ 310,674  

 

 

                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