SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
112
20.
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
(Continued)
Carrying amount and estimated fair values of financial instruments were as follows (dollars in thousands):
Carrying
Amount
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
Total
Financial Assets:
Cash and cash equivalents
78,006
$
78,006
$
-
$
-
$
78,006
$
Securities available for sale
425,044
2,456
422,588
-
425,044
Loans and leases held for investment
778,382
-
797,383
-
797,383
Collateral dependent impaired loans
14,705
-
14,705
-
14,705
Loans held-for-sale
105
105
-
-
105
Cash surrender value of life insurance policies
39,424
-
39,424
-
39,424
Other investments
5,932
-
5,932
-
5,932
Investment in limited partnership
9,204
-
9,204
-
9,204
Accrued interest receivable
4,990
-
4,990
-
4,990
Financial Liabilities:
Deposits:
Noninterest-bearing
365,997
$
365,997
$
-
$
-
$
365,997
$
Interest-bearing
808,182
-
808,182
-
808,182
Fed funds purchased and
Repurchase agreements
5,974
-
5,974
-
5,974
Short-termborrowings
-
-
-
-
-
Long-termborrowings
-
-
-
-
-
Subordinated debentures
30,928
-
11,175
-
11,175
Limited partnership capital commitment
962
-
962
-
962
Accrued Interest Payable
186
-
186
-
186
Notional Amount
Off-balance-sheet financial instruments:
Commitments to extend credit
420,707
$
Standby letters of credit
8,703
Commercial lines of credit
8,070
Year Ended December 31, 2013
Estimated Fair Value
