|
Fair Value Measurements (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Fair Value Measurements |
|
| Schedule of financial assets and financial liabilities measured at fair value on a recurring basis |
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
Inputs
|
|
Inputs
|
|
Inputs
|
|
Fair Value
|
|
|
|
|
(dollars in thousands)
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
|
|
Securities available for sale
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities
|
|
$
|
—
|
|
$
|
50,606
|
|
$
|
—
|
|
$
|
50,606
|
|
|
Obligations of U.S. government corporations and agencies
|
|
—
|
|
167,010
|
|
—
|
|
167,010
|
|
|
Obligations of states and political subdivisions
|
|
—
|
|
220,161
|
|
—
|
|
220,161
|
|
|
Residential mortgage-backed securities
|
|
—
|
|
235,636
|
|
—
|
|
235,636
|
|
|
Corporate debt securities
|
|
—
|
|
79,307
|
|
—
|
|
79,307
|
|
|
Mutual funds and other equity securities
|
|
6,345
|
|
—
|
|
—
|
|
6,345
|
|
|
Derivative assets
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts
|
|
—
|
|
15
|
|
—
|
|
15
|
|
|
December 31, 2013
|
|
|
|
|
|
|
|
|
|
|
Securities available for sale
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities
|
|
$
|
—
|
|
$
|
102,640
|
|
$
|
—
|
|
$
|
102,640
|
|
|
Obligations of U.S. government corporations and agencies
|
|
—
|
|
257,411
|
|
—
|
|
257,411
|
|
|
Obligations of states and political subdivisions
|
|
—
|
|
272,152
|
|
—
|
|
272,152
|
|
|
Residential mortgage-backed Securities
|
|
—
|
|
177,735
|
|
—
|
|
177,735
|
|
|
Corporate debt securities
|
|
—
|
|
25,506
|
|
—
|
|
25,506
|
|
|
Mutual funds and other equity securities
|
|
5,866
|
|
—
|
|
—
|
|
5,866
|
|
|
| Schedule of assets and liabilities measured at fair value on a non-recurring basis |
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
Inputs
|
|
Inputs
|
|
Inputs
|
|
Fair Value
|
|
|
|
|
(dollars in thousands)
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
|
|
Impaired loans
|
|
$
|
—
|
|
$
|
—
|
|
$
|
2,129
|
|
$
|
2,129
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2013
|
|
|
|
|
|
|
|
|
|
|
Impaired loans
|
|
$
|
—
|
|
$
|
—
|
|
$
|
5,491
|
|
$
|
5,491
|
|
|
OREO
|
|
—
|
|
—
|
|
1,134
|
|
1,134
|
|
|
| Schedule of quantitative information about Level 3 fair value measurements |
|
|
|
Quantitative Information about Level 3 Fair Value Measurements
|
|
|
|
|
Fair Value
|
|
Valuation
|
|
Unobservable
|
|
Range
|
|
|
|
|
Estimate
|
|
Techniques
|
|
Input
|
|
(Weighted Average)
|
|
|
|
|
(dollars in thousands)
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
|
|
Impaired loans
|
|
$
|
2,129
|
|
Appraisal of collateral
|
|
Appraisal adjustments
|
|
-7.7% to -100.0%
(-54.3%)
|
|
|
December 31, 2013
|
|
|
|
|
|
|
|
|
|
|
Impaired loans
|
|
$
|
5,491
|
|
Appraisal of collateral
|
|
Appraisal adjustments
|
|
-0.4% to -100.0%
(-36.0%)
|
|
|
OREO
|
|
1,134
|
|
Appraisal of collateral
|
|
Appraisal adjustments
|
|
-6.6% to -100.0%
(-47.9%)
|
|
|
| Schedule of estimated fair values of financial instruments |
|
|
|
December 31, 2014
|
|
December 31, 2013
|
|
|
|
|
Carrying
|
|
Fair
|
|
Carrying
|
|
Fair
|
|
|
|
|
Amount
|
|
Value
|
|
Amount
|
|
Value
|
|
|
|
|
(dollars in thousands)
|
|
|
Financial assets:
|
|
|
|
|
|
|
|
|
|
|
Level 2 inputs:
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks
|
|
$
|
339,438
|
|
$
|
339,438
|
|
$
|
231,603
|
|
$
|
231,603
|
|
|
Securities held to maturity
|
|
2,373
|
|
2,425
|
|
834
|
|
831
|
|
|
Loans held for sale
|
|
10,400
|
|
10,634
|
|
13,840
|
|
14,103
|
|
|
Accrued interest receivable
|
|
11,187
|
|
11,187
|
|
11,148
|
|
11,148
|
|
|
Level 3 inputs:
|
|
|
|
|
|
|
|
|
|
|
Loans, net
|
|
2,357,837
|
|
2,360,000
|
|
2,233,893
|
|
2,236,841
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities:
|
|
|
|
|
|
|
|
|
|
|
Level 2 inputs:
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
|
$
|
2,900,848
|
|
$
|
2,900,763
|
|
$
|
2,869,138
|
|
$
|
2,870,870
|
|
|
Securities sold under agreements to repurchase
|
|
198,893
|
|
198,893
|
|
172,348
|
|
172,348
|
|
|
Long-term debt
|
|
50,000
|
|
50,000
|
|
—
|
|
—
|
|
|
Junior subordinated debt owed to unconsolidated trusts
|
|
55,000
|
|
55,000
|
|
55,000
|
|
55,000
|
|
|
Accrued interest payable
|
|
507
|
|
507
|
|
673
|
|
673
|
|
|