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2323301 - Disclosure - Fair Value Measurements (Tables)
(http://atlanticcapitalbank.com/role/FairValueMeasurementsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Fair Value Disclosures [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Fair Value Disclosures [Abstract]
 
Schedule of Fair Value, Assets and Liabilities, Measured on Recurring Basis
The following tables present assets and liabilities that were measured at fair value on a recurring basis by level within the fair value hierarchy as reported in the Consolidated Balance Sheets at December 31, 2016 and 2015.

 
2016 Fair Value Measurement Using
 
Quoted Prices in Active markets for Identical Securities (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
Total
 
(in thousands)
Securities available-for-sale—
 
 
 
 
 
 
 
U.S. government agencies
$
—

 
$
21,152

 
$
—

 
$
21,152

U.S. states and political subdivisions
—

 
90,172

 
—

 
90,172

Trust preferred securities
—

 
4,525

 
—

 
4,525

Corporate debt securities
—

 
19,231

 
—

 
19,231

Mortgage-backed securities
—

 
212,625

 
—

 
212,625

Total securities available-for-sale
$
—

 
$
347,705

 
$
—

 
$
347,705

Interest rate derivative assets
$
—

 
$
4,310

 
$
—

 
$
4,310

Interest rate derivative liabilities
$
—

 
$
4,131

 
$
—

 
$
4,131


 
2015 Fair Value Measurement Using
 
Quoted Prices in Active markets for Identical Securities (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
Totals
 
(in thousands)
Securities available-for-sale—
 
 
 
 
 
 
 
U.S. treasuries
$
—

 
$
4,922

 
$
—

 
$
4,922

U.S. government agencies
—

 
64,852

 
—

 
64,852

U.S. states and political subdivisions
—

 
27,790

 
—

 
27,790

Trust preferred securities
—

 
4,275

 
—

 
4,275

Corporate debt securities
—

 
20,517

 
—

 
20,517

Mortgage-backed securities
—

 
221,451

 
2,414

 
223,865

Total securities available-for-sale
$
—

 
$
343,807

 
$
2,414

 
$
346,221

Interest rate derivative assets
$
—

 
$
6,554

 
$
—

 
$
6,554

Interest rate derivative liabilities
$
—

 
$
6,163

 
$
—

 
$
6,163

 
 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The following table shows a reconciliation of the beginning and ending balances for assets measured at fair value on a recurring basis using significant unobservable inputs that are classified as Level 3 values (in thousands):

 
 
Securities Available-for-Sale
 
 
(in thousands)
December 31, 2015
 
$
2,414

Change due to presence of observable market data
 
(2,414
)
December 31, 2016
 
$
—

 
 
Fair Value Measurements, Nonrecurring
The following table presents the assets that were measured at fair value on a nonrecurring basis by level within the fair value hierarchy as reported in the Consolidated Balance Sheets at December 31, 2016 and December 31, 2015.
December 31, 2016
 
Level 1
Fair Value
Measurement
 
Level 2
Fair Value
Measurement
 
Level 3
Fair Value
Measurement
 
Total
 
(in thousands)
Impaired Loans
 
$
—

 
$
—

 
$
7,248

 
$
7,248



December 31, 2015
 
Level 1
Fair Value
Measurement
 
Level 2
Fair Value
Measurement
 
Level 3
Fair Value
Measurement
 
Total
 
(in thousands)
Impaired Loans
 
$
—

 
$
—

 
$
4,449

 
$
4,449

 
 
Fair Value Measurements, Recurring and Nonrecurring
The following table presents the estimated fair values of Atlantic Capital’s financial instruments at December 31, 2016 and December 31, 2015.
 
2016 Fair Value Measurement Using
 
Carrying Amount
 
Quoted Prices in Active markets for Identical Securities (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
(in thousands)
Financial assets:
 
 
 
 
 
 
 
Cash and due from banks
$
36,790

 
$
36,790

 
$
—

 
$
—

Interest-bearing deposits in banks
118,039

 
118,039

 
—

 
—

Other short-term investments
10,896

 
10,896

 
—

 
—

Total securities available-for-sale
347,705

 
—

 
347,705

 
—

FHLB stock
7,067

 
—

 
—

 
7,067

Federal Reserve Bank stock
9,690

 
—

 
—

 
9,690

Loans held for investment, net
1,960,735

 
—

 
—

 
1,939,895

Loans held for sale
35,219

 
—

 
35,219

 
—

Derivative assets
4,310

 
—

 
4,310

 
—

Financial liabilities:
 
 
 
 
 
 
 
Deposits
$
2,205,991

 
$
—

 
$
2,144,196

 
$
—

Deposits to be assumed in branch sale
31,589

 
—

 
31,589

 
—

Subordinated debt
49,366

 
—

 
48,971

 
—

FHLB advances
110,000

 
—

 
109,946

 
—

Derivative financial instruments
4,131

 
—

 
4,131

 
—

 
2015 Fair Value Measurement Using
 
Carrying Amount
 
Quoted Prices in Active markets for Identical Securities (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
(in thousands)
Financial assets:
 
 
 
 
 
 
 
Cash and due from banks
$
45,848

 
$
45,848

 
$
—

 
$
—

Interest-bearing deposits in other banks
130,900

 
130,900

 
—

 
—

Other short-term investments
26,137

 
26,137

 
—

 
—

Total securities available-for-sale
346,221

 
—

 
343,807

 
2,414

FHLB stock
1,048

 
—

 
—

 
1,048

Federal Reserve Bank stock
6,615

 
—

 
—

 
6,615

Loans held for investment, net
1,771,764

 
—

 
—

 
1,752,796

Loans held for sale
95,465

 
—

 
95,465

 
—

Derivative assets
6,554

 
—

 
6,554

 
—

Financial liabilities:
 
 
 
 
 
 
 
Deposits
$
2,048,808

 
$
—

 
$
2,018,898

 
$
—

Deposits to be assumed in branch sale
213,410

 
—

 
213,410

 
—

Federal funds purchased and securities sold under agreements to repurchase
11,931

 
11,931

 
—

 
—

Subordinated debt
49,197

 
—

 
49,197

 
—

Derivative financial instruments
6,163

 
—

 
6,163

 
—