| Financial Assets And Liabilities Carried At Fair Value On Recurring Basis |
The following table presents the Company’s financial assets and financial liabilities carried at fair value on a recurring basis as of December 31, 2015 and December 31, 2014: | | | Fair Value Measurements at December 31, 2015 Using | | | | | Quoted Prices in | | | | | | | | | | | Active Markets | | Significant Other | | Significant | | | | | | | for Identical | | Observable Inputs | | Unobservable | | | | | | | Assets (Level 1) | | (Level 2) | | Inputs (Level 3) | | Total | | | | | (In Thousands) | | | Assets Measured on a Recurring Basis: | | | | | | | | | | | | | | | Available-for-sale securities: | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | - | | $ | 45,009 | | $ | - | | $ | 45,009 | | | Mortgage-backed securities | | | - | | | 136,954 | | | - | | | 136,954 | | | State and municipal securities | | | - | | | 146,033 | | | - | | | 146,033 | | | Corporate debt | | | - | | | 14,942 | | | - | | | 14,942 | | | Total assets at fair value | | $ | - | | $ | 342,938 | | $ | - | | $ | 342,938 | | | | | Fair Value Measurements at December 31, 2014 Using | | | | | Quoted Prices in | | | | | | | | | | | Active Markets | | Significant Other | | Significant | | | | | | | for Identical | | Observable Inputs | | Unobservable | | | | | | | Assets (Level 1) | | (Level 2) | | Inputs (Level 3) | | Total | | | | | | | | | | | | | | | | | | | | (In Thousands) | | | Assets Measured on a Recurring Basis: | | | | | | | | | | | | | | | Available-for-sale securities | | | | | | | | | | | | | | | U.S. Treasury and government sponsored agencies | | $ | - | | $ | 51,138 | | $ | - | | $ | 51,138 | | | Mortgage-backed securities | | | - | | | 95,523 | | | - | | | 95,523 | | | State and municipal securities | | | - | | | 135,663 | | | - | | | 135,663 | | | Corporate debt | | | - | | | 15,986 | | | - | | | 15,986 | | | Total assets at fair value | | $ | - | | $ | 298,310 | | $ | - | | $ | 298,310 | |
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| Financial Assets And Liabilities Carried At Fair Value On Nonrecurring Basis |
The carrying amount and estimated fair value of the Company’s financial instruments were as follows:: | | | Fair Value Measurements at December 31, 2015 Using | | | | | Quoted Prices in | | | | | | | | | | | | | Active Markets | | Significant Other | | Significant | | | | | | | for Identical | | Observable | | Unobservable | | | | | | | Assets (Level 1) | | Inputs (Level 2) | | Inputs (Level 3) | | Total | | | | | (In Thousands) | | | Assets Measured on a Nonrecurring Basis: | | | | | | | | | | | | | | | Impaired loans | | $ | - | | | - | | $ | 27,808 | | $ | 27,808 | | | Other real estate owned and repossessed assets | | | - | | | - | | | 5,392 | | | 5,392 | | | Total assets at fair value | | | - | | | - | | $ | 33,200 | | $ | 33,200 | | | | | Fair Value Measurements at December 31, 2014 Using | | | | | Quoted Prices in | | | | | | | | | | | | | | Active Markets | | Significant Other | | Significant | | | | | | | for Identical | | Observable | | Unobservable | | | | | | | Assets (Level 1) | | Inputs (Level 2) | | Inputs (Level 3) | | Total | | | | | | | | | | | | | | | | | | | | (In Thousands) | | | Assets Measured on a Nonrecurring Basis: | | | | | | | | | | | | | | | Impaired loans | | $ | - | | $ | - | | $ | 21,631 | | $ | 21,631 | | | Other real estate owned | | | - | | | - | | | 6,840 | | | 6,840 | | | Total assets at fair value | | $ | - | | $ | - | | $ | 28,471 | | $ | 28,471 | |
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| Carrying Amount And Estimated Fair Value Of Financial Instruments |
This table includes those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis. | | | December 31, | | | | | 2015 | | 2014 | | | | | Carrying
Amount | | Fair Value | | Carrying
Amount | | Fair Value | | | | | (In Thousands) | | | Financial Assets: | | | | | | | | | | | | | | | Level 1 Inputs: | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 317,450 | | $ | 317,450 | | $ | 296,573 | | $ | 296,573 | | | | | | | | | | | | | | | | | | Level 2 Inputs: | | | | | | | | | | | | | | | Debt securities available for sale | | $ | 342,938 | | $ | 342,938 | | $ | 298,310 | | $ | 298,310 | | | Debt securities held to maturity | | | 27,426 | | | 27,910 | | | 29,355 | | | 29,974 | | | Restricted equity securities | | | 4,954 | | | 4,954 | | | 3,921 | | | 3,921 | | | Federal funds sold | | | 34,785 | | | 34,785 | | | 891 | | | 891 | | | Mortgage loans held for sale | | | 8,249 | | | 8,295 | | | 5,984 | | | 5,984 | | | Bank owned life insurance contracts | | | 91,594 | | | 91,594 | | | 86,288 | | | 86,288 | | | | | | | | | | | | | | | | | | Level 3 Inputs: | | | | | | | | | | | | | | | Loans, net | | $ | 4,172,956 | | $ | 4,179,835 | | $ | 3,324,229 | | $ | 3,327,371 | | | | | | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | | | | | Level 2 Inputs: | | | | | | | | | | | | | | | Deposits | | $ | 4,223,888 | | $ | 4,223,181 | | $ | 3,398,160 | | $ | 3,399,261 | | | Federal funds purchased | | | 352,360 | | | 352,360 | | | 264,315 | | | 264,315 | | | Other borrowings | | | 55,637 | | | 64,305 | | | 19,973 | | | 19,973 | |
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