| 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 June 30, 2015 and December 31, 2014: | | | Fair Value Measurements at June 30, 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 | | $ | - | | $ | 51,372 | | $ | - | | $ | 51,372 | | | Mortgage-backed securities | | | - | | | 93,064 | | | - | | | 93,064 | | | State and municipal securities | | | - | | | 145,535 | | | - | | | 145,535 | | | Corporate debt | | | - | | | 16,014 | | | - | | | 16,014 | | | Total assets at fair value | | $ | - | | $ | 305,985 | | $ | - | | $ | 305,985 | |
| | | 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
|
|
|
| Financial Assets And Liabilities Carried At Fair Value On Nonrecurring Basis |
The following table presents the Company’s financial assets and financial liabilities carried at fair value on a nonrecurring basis as of June 30, 2015 and December 31, 2014: | | | Fair Value Measurements at June 30, 2015 Using | | | | | | | | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | | Significant Other
Observable Inputs
(Level 2) | | Significant
Unobservable
Inputs (Level 3) | | Total | | | | | | | | | | | | | | | | | | | | (In Thousands) | | | Assets Measured on a Nonrecurring Basis: | | | | | | | | | | | | | | | Impaired loans | | $ | - | | $ | - | | $ | 40,683 | | $ | 40,683 | | | Other real estate owned and repossessed assets | | | - | | | - | | | 8,235 | | | 8,235 | | | Total assets at fair value | | $ | - | | $ | - | | $ | 48,918 | | $ | 48,918 | | | | | Fair Value Measurements at December 31, 2014 Using | | | | | | | | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | | Significant Other
Observable Inputs
(Level 2) | | Significant
Unobservable
Inputs (Level 3) | | Total | | | | | | | | | | | | | | | | | | | | (In Thousands) | | | Assets Measured on a Nonrecurring Basis: | | | | | | | | | | | | | | | Impaired loans | | $ | - | | $ | - | | $ | 21,631 | | $ | 21,631 | | | Other real estate owned and repossessed assets | | | - | | | - | | | 6,840 | | | 6,840 | | | Total assets at fair value | | $ | - | | $ | - | | $ | 28,471 | | $ | 28,471 | |
|
| 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. | | | June 30, 2015 | | December 31, 2014 | | | | | Carrying | | | | | Carrying | | | | | | | | Amount | | Fair Value | | Amount | | Fair Value | | | | | (In Thousands) | | | Financial Assets: | | | | | | | | | | | | | | | Level 1 inputs: | | | | | | | | | | | | | | | Cash and due from banks | | $ | 118,835 | | $ | 118,835 | | $ | 296,573 | | $ | 296,573 | | | | | | | | | | | | | | | | | | Level 2 inputs: | | | | | | | | | | | | | | | Available for sale debt securities | | | 305,985 | | | 305,985 | | | 298,310 | | | 298,310 | | | Held to maturity debt securities | | | 29,023 | | | 29,348 | | | 29,355 | | | 29,974 | | | Restricted equity securities | | | 4,954 | | | 4,954 | | | 3,921 | | | 3,921 | | | Federal funds sold | | | 17,622 | | | 17,622 | | | 891 | | | 891 | | | Mortgage loans held for sale | | | 11,722 | | | 11,722 | | | 5,984 | | | 5,984 | | | Bank owned life insurance contracts | | | 90,281 | | | 90,281 | | | 86,288 | | | 86,288 | | | | | | | | | | | | | | | | | | Level 3 inputs: | | | | | | | | | | | | | | | Loans, net | | | 3,823,714 | | | 3,826,879 | | | 3,324,229 | | | 3,327,371 | | | | | | | | | | | | | | | | | | Financial liabilities: | | | | | | | | | | | | | | | Level 2 inputs: | | | | | | | | | | | | | | | Deposits | | $ | 3,729,132 | | $ | 3,729,793 | | $ | 3,398,160 | | $ | 3,399,261 | | | Federal funds purchased | | | 273,095 | | | 273,095 | | | 264,315 | | | 264,315 | | | Other borrowings | | | 21,016 | | | 21,016 | | | 19,973 | | | 19,973 | |
|