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Fair Value (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value [Abstract]

Financial instruments that were measured at fair value on a recurring and nonrecurring basis

($ in thousands)
Description of Financial Instruments		Fair Value at March 31, 2016				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Recurring
Securities available for sale:
Government-sponsored enterprise securities		$	38,636				––				38,636				—
Mortgage-backed securities			174,579				––				174,579				––
Corporate bonds			33,798				––				33,798				––
Equity securities			127				––				127				––
Total available for sale securities		$	247,140				––				247,140				––
Nonrecurring
Impaired loans – covered		$	2,093				—				—				2,093
Impaired loans – non-covered			18,478				––				––				18,478
Foreclosed real estate – covered			1,569				—				––				1,569
Foreclosed real estate – non-covered			8,767				––				––				8,767

($ in thousands)
Description of Financial Instruments		Fair Value at December 31, 2015				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Recurring
Securities available for sale:
Government-sponsored enterprise securities		$	18,972				—				18,972				—
Mortgage-backed securities			121,553				—				121,553				—
Corporate bonds			24,946				—				24,946				—
Equity securities			143				—				143				—
Total available for sale securities		$	165,614				—				165,614				—
Nonrecurring
Impaired loans – covered		$	2,588				—				—				2,588
Impaired loans – non-covered			18,057				—				—				18,057
Foreclosed real estate – covered			806				—				—				806
Foreclosed real estate – non-covered			9,188				—				—				9,188

Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis

($ in thousands)
Description		Fair Value at March 31, 2016			Valuation Technique		Significant Unobservable Inputs		General Range of Significant Unobservable Input Values
Impaired loans – covered		$	2,093		Appraised value; PV of expected cash flows		Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-10%
Impaired loans – non-covered			18,478		Appraised value; PV of expected cash flows		Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-10%
Foreclosed real estate – covered			1,569		Appraised value; List or contract price		Discounts to reflect current market conditions and estimated costs to sell			0-10%
Foreclosed real estate – non-covered			8,767		Appraised value; List or contract price		Discounts to reflect current market conditions, abbreviated holding period and estimated costs to sell			0-10%

($ in thousands)
Description		Fair Value at December 31, 2015			Valuation Technique		Significant Unobservable Inputs		General Range of Significant Unobservable Input Values
Impaired loans – covered		$	2,588		Appraised value; PV of expected cash flows		Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-10%
Impaired loans – non-covered			18,057		Appraised value; PV of expected cash flows		Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell			0-10%
Foreclosed real estate – covered			806		Appraised value; List or contract price		Discounts to reflect current market conditions and estimated costs to sell			0-10%
Foreclosed real estate – non-covered			9,188		Appraised value; List or contract price		Discounts to reflect current market conditions, abbreviated holding period and estimated costs to sell			0-10%

Schedule of the carrying amounts and estimated fair values of financial instruments

			March 31, 2016						December 31, 2015
($ in thousands)	Level in Fair Value Hierarchy		Carrying Amount			Estimated Fair Value			Carrying Amount			Estimated Fair Value
Cash and due from banks, noninterest-bearing	Level 1		$	52,393			52,393			53,285			53,285
Due from banks, interest-bearing	Level 1			148,734			148,734			213,426			213,426
Federal funds sold	Level 1			467			467			557			557
Securities available for sale	Level 2			247,140			247,140			165,614			165,614
Securities held to maturity	Level 2			148,485			151,684			154,610			157,146
Presold mortgages in process of settlement	Level 1			3,102			3,102			4,323			4,323
Total loans, net of allowance	Level 3			2,512,705			2,493,507			2,490,343			2,484,059
Accrued interest receivable	Level 1			8,986			8,986			9,166			9,166
FDIC indemnification asset	Level 3			6,704			6,609			8,439			8,256
Bank-owned life insurance	Level 1			72,594			72,594			72,086			72,086
Deposits	Level 2			2,826,821			2,825,909			2,811,285			2,809,828
Borrowings	Level 2			186,394			178,864			186,394			178,468
Accrued interest payable	Level 2			554			554			585			585

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- Definition

The tabular disclosure for level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis,

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611

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