| Fair Value, by Balance Sheet Grouping |
The Company’s estimated fair values of financial instruments are presented in the following tables.
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December 31, 2015
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Fair Value Measurements
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Description of Asset (dollars in thousands)
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Carrying Amount
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Fair Value
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Level 1
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Level 2
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Level 3
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Assets
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Investment securities - AFS
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$ 35,116
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$ 35,116
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$ -
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$ 35,116
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$ -
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Investment securities - HTM
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109,420
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109,309
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750
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108,559
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-
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FHLB and FRB Stock
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6,931
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6,931
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-
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6,931
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-
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Loans Receivable
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909,200
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913,506
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-
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913,506
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-
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Investment in BOLI
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27,836
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27,836
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-
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27,836
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-
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Liabilities
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Savings, NOW and money market accounts
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$ 531,348
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$ 531,348
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$ -
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$ 531,348
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$ -
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Time deposits
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375,551
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375,376
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-
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375,376
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-
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Long-term debt
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55,617
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56,987
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-
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56,987
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-
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Short term borrowings
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36,000
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36,000
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-
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36,000
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-
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TRUPs
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12,000
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8,400
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-
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8,400
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-
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Subordinated notes
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23,000
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23,000
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-
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23,000
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-
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December 31, 2014
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Fair Value Measurements
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Description of Asset (dollars in thousands)
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Carrying Amount
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Fair Value
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Level 1
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Level 2
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Level 3
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Assets
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Investment securities - AFS
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$ 41,939
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$ 41,939
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$ -
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$ 41,939
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$ -
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Investment securities - HTM
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84,506
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84,915
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850
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84,065
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-
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FHLB and FRB Stock
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6,434
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6,434
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-
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6,434
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-
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Loans Receivable
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862,409
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861,427
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-
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861,427
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-
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Investment in BOLI
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27,021
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27,021
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-
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27,021
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-
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Liabilities
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Savings, NOW and money market accounts
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$ 483,973
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$ 483,973
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$ -
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$ 483,973
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$ -
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Time deposits
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385,411
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386,510
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-
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386,510
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-
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Long-term debt
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74,672
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77,919
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-
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77,919
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-
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Short term borrowings
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2,000
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2,000
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-
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2,000
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-
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TRUPs
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12,000
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7,400
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-
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7,400
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-
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