Schedule of Assets Measured at Fair Value on a Nonrecurring Basis

The table below presents the balances of assets measured at fair value on a nonrecurring basis:


	June 30, 2019
	Fair Value Measurements Using						Assets
(dollars in thousands)	Level 1		Level 2		Level 3		at Fair Value
Assets
Impaired loans:
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	0	$	3,306	$	3,306
Non-working capital loans		0		0		4,678		4,678
Commercial real estate and multi-family residential loans:
Owner occupied loans		0		0		561		561
Agri-business and agricultural loans:
Loans secured by farmland		0		0		60		60
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans		0		0		638		638
Total impaired loans	$	0	$	0	$	9,243	$	9,243
Other real estate owned		0		0		0		0
Total assets	$	0	$	0	$	9,243	$	9,243


	December 31, 2018
	Fair Value Measurements Using						Assets
(dollars in thousands)	Level 1		Level 2		Level 3		at Fair Value
Assets
Impaired loans:
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	0	$	4,092	$	4,092
Non-working capital loans		0		0		4,967		4,967
Commercial real estate and multi-family residential loans:
Construction and land development loans		0		0		148		148
Owner occupied loans		0		0		1,669		1,669
Agri-business and agricultural loans:
Loans secured by farmland		0		0		77		77
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans		0		0		553		553
Total impaired loans	$	0	$	0	$	11,506	$	11,506
Other real estate owned		0		0		316		316
Total assets	$	0	$	0	$	11,822	$	11,822

Fair Value Measurements, Recurring, Valuation Techniques

The state and municipal securities measured at fair value included below are non-rated Indiana and Ohio municipal revenue bonds and are not actively traded.

Quantitative Information about Level 3 Fair Value Measurements

Range of

Fair Value at

Inputs

(dollars in thousands)

June 30, 2019

Valuation Technique

Unobservable Input

(Average)

State and municipal securities

$

150

Price to type, par, call

Discount to benchmark index

0

‑

1

%

(0.17)

%

Quantitative Information about Level 3 Fair Value Measurements

Range of

Fair Value at

Inputs

(dollars in thousands)

December 31, 2018

Valuation Technique

Unobservable Input

(Average)

State and municipal securities

$

150

Price to type, par, call

Discount to benchmark index

0

‑

1

%

(0.17)

%

Schedule of Fair Values and the Related Carrying Values of Financial Instruments

The following table contains the estimated fair values and the related carrying values of the Company’s financial instruments. Items which are not financial instruments are not included.

June 30, 2019

Carrying

Estimated Fair Value

(dollars in thousands)

Value

Level 1

Level 2

Level 3

Total

Financial Assets:

Cash and cash equivalents

$

196,370

$

193,603

$

2,767

$

0

$

196,370

Securities available for sale

609,826

1,007

608,669

150

609,826

Real estate mortgages held for sale

5,929

0

5,998

0

5,998

Loans, net

3,948,054

0

3,901,925

Federal Reserve and Federal Home Loan Bank stock

13,772

N/A

Accrued interest receivable

17,418

3

3,444

13,971

17,418

Financial Liabilities:

Certificates of deposit

(1,328,062)

0

(1,336,715)

0

(1,336,715)

All other deposits

(2,893,237)

0

(2,893,237)

Federal funds purchased

(15,000)

0

(15,000)

Federal Home Loan Bank advances

(100,000)

0

(100,000)

0

(100,000)

Subordinated debentures

(30,928)

0

(31,196)

Standby letters of credit

(1,128)

0

(1,128)

Accrued interest payable

(12,454)

(174)

(12,275)

(5)

(12,454)


	December 31, 2018
	Carrying		Estimated Fair Value
(dollars in thousands)	Value		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	216,922	$	214,452	$	2,470	$	0	$	216,922
Securities available for sale		585,549		987		584,412		150		585,549
Real estate mortgages held for sale		2,293		0		2,314		0		2,314
Loans, net		3,866,292		0		0		3,786,175		3,786,175
Federal Reserve and Federal Home Loan Bank stock		13,772		N/A		N/A		N/A		N/A
Accrued interest receivable		15,518		3		3,569		11,946		15,518
Financial Liabilities:
Certificates of deposit		(1,419,754)		0		(1,424,553)		0		(1,424,553)
All other deposits		(2,624,311)		(2,624,311)		0		0		(2,624,311)
Securities sold under agreements to repurchase		(75,555)		0		(75,555)		0		(75,555)
Federal Home Loan Bank advances		(170,000)		0		(169,996)		0		(169,996)
Subordinated debentures		(30,928)		0		0		(31,195)		(31,195)
Standby letters of credit		(978)		0		0		(978)		(978)
Accrued interest payable		(10,404)		(110)		(10,289)		(5)		(10,404)