| 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 September 30, 2014 and December 31, 2013: | | | Fair Value Measurements at September 30, 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 | | $ | - | | $ | 50,888 | | $ | - | | $ | 50,888 | | | Mortgage-backed securities | | | - | | | 100,622 | | | - | | | 100,622 | | | State and municipal securities | | | - | | | 134,746 | | | - | | | 134,746 | | | Corporate debt | | | - | | | 16,047 | | | - | | | 16,047 | | | Total assets at fair value | | $ | - | | $ | 302,303 | | $ | - | | $ | 302,303 | | | | | Fair Value Measurements at December 31, 2013 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 | | $ | - | | $ | 32,274 | | $ | - | | $ | 32,274 | | | Mortgage-backed securities | | | - | | | 88,240 | | | - | | | 88,240 | | | State and municipal securities | | | - | | | 129,831 | | | - | | | 129,831 | | | Corporate debt | | | - | | | 15,875 | | | - | | | 15,875 | | | Total assets at fair value | | $ | - | | $ | 266,220 | | $ | - | | $ | 266,220 | |
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| 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 September 30, 2014 and December 31, 2013: | | | Fair Value Measurements at September 30, 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 | | $ | - | | $ | - | | $ | 20,377 | | $ | 20,377 | | | Other real estate owned and repossessed assets | | | - | | | - | | | 6,940 | | | 6,940 | | | Total assets at fair value | | $ | - | | $ | - | | $ | 27,317 | | $ | 27,317 | | | | | Fair Value Measurements at December 31, 2013 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 | | $ | - | | $ | - | | $ | 25,696 | | $ | 25,696 | | | Other real estate owned and repossessed assets | | | - | | | - | | | 12,861 | | | 12,861 | | | Total assets at fair value | | $ | - | | $ | - | | $ | 38,557 | | $ | 38,557 | |
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| Carrying Amount And Estimated Fair Value Of Financial Instruments |
The carrying amount, estimated fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2014 and December 31, 2013 are presented in the following table. This table includes those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis. | | | September 30, 2014 | | December 31, 2013 | | | | | Carrying | | | | Carrying | | | | | | | Amount | | Fair Value | | Amount | | Fair Value | | | | | | | | | | | | | | | | | | | | (In Thousands) | | | Financial Assets: | | | | | | | | | | | | | | | Level 2 inputs: | | | | | | | | | | | | | | | Available for sale debt securities | | $ | 302,303 | | $ | 302,303 | | $ | 266,220 | | $ | 266,220 | | | Held to maturity debt securities | | | 30,048 | | | 30,248 | | | 32,274 | | | 31,315 | | | Restricted equity securities | | | 3,418 | | | 3,418 | | | 3,738 | | | 3,738 | | | Federal funds sold | | | 6,566 | | | 6,566 | | | 8,634 | | | 8,634 | | | Mortgage loans held for sale | | | 9,037 | | | 9,037 | | | 8,134 | | | 8,134 | | | Bank owned life insurance contracts | | | 85,639 | | | 85,639 | | | 69,008 | | | 69,008 | | | | | | | | | | | | | | | | | | Level 3 inputs: | | | | | | | | | | | | | | | Loans, net | | | 3,125,330 | | | 3,133,676 | | | 2,828,205 | | | 2,825,924 | | | | | | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | | | | | Level 2 inputs: | | | | | | | | | | | | | | | Deposits | | $ | 3,352,766 | | $ | 3,352,767 | | $ | 3,019,642 | | $ | 3,021,847 | | | Federal funds purchased | | | 178,230 | | | 178,230 | | | 174,380 | | | 174,380 | | | Other borrowings | | | 19,965 | | | 19,965 | | | 19,940 | | | 19,940 | |
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