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Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2017
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2017 and December 31, 2016 are as follows:
|  |  |  |  | September 30, 2017
|  |  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  |  | Quoted Prices |  |  |  |  |  |
|  |  |  |  | in Active |  | Significant |  |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  |  |  | Assets |  | Inputs |  | Inputs
|  |  |  |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  |  |  | (dollars in thousands)
Recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 55,938 |  | $ | - |  | $ | 55,938 |  | $ | -
Residential mortgage pass-through securities |  |  | 133,164 |  |  | - |  |  | 133,164 |  |  | -
Commercial mortgage pass-through securities |  |  | 4,130 |  |  | - |  |  | 4,130 |  |  | -
Obligations of U.S. states and political subdivisions |  |  | 144,976 |  |  | - |  |  | 127,111 |  |  | 17,865
Trust preferred securities |  |  | 4,627 |  |  | - |  |  | 4,627 |  |  | -
Corporate bonds and notes |  |  | 30,088 |  |  | - |  |  | 30,088 |  |  | -
Asset-backed securities |  |  | 12,633 |  |  | - |  |  | 12,633 |  |  | -
Certificates of deposit |  |  | 627 |  |  | - |  |  | 627 |  |  | -
Equity securities |  |  | 630 |  |  | 630 |  |  | - |  |  | -
Other securities |  |  | 13,703 |  |  | 13,703 |  |  | - |  |  | -
Total available-for-sale |  |  | 400,516 |  |  | 14,333 |  |  | 368,318 |  |  | 17,685
Derivatives |  |  | 164 |  |  | - |  |  | 164 |  |  | -
Total Assets |  | $ | 400,680 |  | $ | 14,333 |  | $ | 368,482 |  | $ | 17,685
|  |  |  |  | December 31, 2016
|  |  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  |  | Quoted Prices |  |  |  |  |  |
|  |  |  |  | in Active |  | Significant |  |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  |  |  | Assets |  | Inputs |  | Inputs
|  |  |  |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  |  |  | (dollars in thousands)
Recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 52,837 |  | $ | - |  | $ | 52,837 |  | $ | -
Residential mortgage pass-through securities |  |  | 72,497 |  |  | - |  |  | 72,497 |  |  | -
Commercial mortgage pass-through securities |  |  | 4,209 |  |  | - |  |  | 4,209 |  |  | -
Obligations of U.S. states and political subdivisions |  |  | 150,605 |  |  | - |  |  | 132,387 |  |  | 18,218
Trust preferred securities |  |  | 5,666 |  |  | - |  |  | 5,666 |  |  | -
Corporate bonds and notes |  |  | 36,928 |  |  | - |  |  | 36,928 |  |  | -
Asset-backed securities |  |  | 14,583 |  |  | - |  |  | 14,583 |  |  | -
Certificates of deposit |  |  | 983 |  |  | - |  |  | 983 |  |  | -
Equity securities |  |  | 568 |  |  | 568 |  |  | - |  |  | -
Other securities |  |  | 14,414 |  |  | 14,414 |  |  | - |  |  | -
Total available-for-sale |  |  | 353,290 |  |  | 14,982 |  |  | 320,090 |  |  | 18,218
Derivatives |  |  | 88 |  |  | - |  |  | 88 |  |  | -
Total assets |  | $ | 353,378 |  | $ | 14,982 |  | $ | 320,178 |  | $ | 18,218
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | For assets measured at fair value on a non-recurring basis, the fair value measurements at September 30, 2017 and December 31, 2016 are as follows:
|  |  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  |  | Quoted |  |  |  |  |  |
|  |  |  |  | Prices |  |  |  |  |  |
|  |  |  |  | in Active |  | Significant |  |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  | September |  | Assets |  | Inputs |  | Inputs
Assets measured at fair value on a nonrecurring basis: |  | 30, 2017 |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  |  |  | (dollars in thousands)
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 1,198 |  | $ | - |  | $ | - |  | $ | 1,198
Loans held-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  | 47,430 |  |  | - |  |  | - |  |  | 47,430
|  |  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  |  | Quoted |  |  |  |  |  |
|  |  |  |  | Prices |  |  |  |  |  |
|  |  |  |  | in Active |  | Significant |  |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  | December 31, |  | Assets |  | Inputs |  | Inputs
Assets measured at fair value on a nonrecurring basis: |  | 2016 |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  |  |  | (dollars in thousands)
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 1,099 |  | $ | - |  | $ | - |  | $ | 1,099
Loans held-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  | 70,105 |  |  | - |  |  | 4,509 |  |  | 65,596
Commercial real estate |  |  | 7,712 |  |  | - |  |  | 7,712 |  |  | -
Fair Value, Recurring basis [Table Text Block] | The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2017 and year ended December 31, 2016:
|  | Municipal
|  | Securities
|  | (dollars in thousands)
Beginning balance, January 1, 2017 |  | $ | 18,218 |
Principal paydowns |  |  | (353 | )
Ending balance, September 30, 2017 |  | $ | 17,865 |
|  | Municipal
|  | Securities
|  | (dollars in thousands)
Beginning balance, January 1, 2016 |  | $ | - |
Other(1) |  |  | 18,335 |
Principal paydowns |  |  | (117 | )
Ending balance, December 31, 2016 |  | $ | 18,218
Significant unobservable inputs used in fair value measurements [Table Text Block] | The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at September 30, 2017 and December 31, 2016. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.
September 30, 2017 |  |  |  |  |  |  |  |  |
|  |  |  |  | Valuation |  | Unobservable |  |
|  | Fair Value |  | Techniques |  | Input |  | Range
|  |  |  |  | (dollars in thousands) |  |  |  |
Securities available-for-sale: |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 17,865 |  | Discounted cash flows |  | Discount rate |  | 2.8%
December 31, 2016 |  |  |  |  |  |  |  |  |
|  |  |  |  | Valuation |  | Unobservable |  |
|  | Fair Value |  | Techniques |  | Input |  | Range
|  |  |  |  | (dollars in thousands) |  |  |  |
Securities available-for-sale: |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 18,218 |  | Discounted cash flows |  | Discount rate |  | 2.8%
Fair Value Measurements, Nonrecurring [Table Text Block] | The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a non-recurring basis for the periods presented. The tables below provide quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.
September 30, 2017 |  |  |  |  |  |  |  |  |
|  |  |  |  | Valuation |  |  |  |
|  |  |  |  | Techniques |  | Unobservable |  |
Type |  | Fair Value |  | (weightings) |  | Input |  | Range (weighted average)
(dollars in thousands)
Impaired loans: |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 1,918 |  | Appraisals of collateral value |  | Comparable sales |  | 0% - 15% (6%)
Loans held-for-sale: |  |  |  |  |  |  |  |  |
Commercial taxi medallion loans |  | $ | 47,430 |  | Market approach (70%) |  | Indications expressed as a price to unpaid principal balance |  | 37 - 100 (46)
|  |  |  |  | Discounted cash flows (30%) |  | Discount rate |  | 14%
December 31, 2016 |  |  |  |  |  |  |  |  |
|  |  |  |  | Valuation |  |  |  |
|  |  |  |  | Techniques |  | Unobservable |  |
Type |  | Fair Value |  | (weightings) |  | Input |  | Range (weighted average)
(dollars in thousands)
Impaired loans: |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 1,099 |  | Appraisals of collateral value |  | Comparable sales |  | 0% - 15% (6%)
Loans held-for-sale: |  |  |  |  |  |  |  |  |
Commercial taxi medallion loans |  | $ | 65,596 |  | Market approach (70%) |  | Indications under securitized transactions expressed as a price to unpaid principal balance |  | 40 - 100 (59)
|  |  |  |  | Discounted cash flows (30%) |  | Discount Rate |  | 14%
Fair Value, by Balance Sheet Grouping [Table Text Block] | The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2017 and December 31, 2016:
|  |  |  |  |  |  |  | Fair Value Measurements
|  |  |  |  |  |  |  | Quoted |  |  |  |  |  |
|  |  |  |  |  |  |  | Prices in |  |  |  |  |  |
|  |  |  |  |  |  |  | Active |  | Significant |  |  |
|  |  |  |  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  |  |  |  | Identical |  | Observable |  | Unobservable
|  | Carrying |  | Fair |  | Assets |  | Inputs |  | Inputs
|  | Amount |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  | (dollars in thousands)
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 141,262 |  | $ | 141,262 |  | $ | 141,262 |  | $ | - |  | $ | -
Securities available-for-sale |  |  | 400,516 |  |  | 400,516 |  |  | 14,333 |  |  | 368,318 |  |  | 17,865
Restricted investment in bank stocks |  |  | 29,672 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Loans held-for-sale |  |  | 89,386 |  |  | 89,386 |  |  | - |  |  | 41,956 |  |  | 47,430
Net loans |  |  | 3,859,419 |  |  | 3,862,104 |  |  | - |  |  | - |  |  | 3,862,104
Derivatives |  |  | 164 |  |  | 164 |  |  | - |  |  | 164 |  |  | -
Accrued interest receivable |  |  | 14,841 |  |  | 14,841 |  |  | - |  |  | 2,011 |  |  | 12,830
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 719,582 |  |  | 719,582 |  |  | 719,582 |  |  | - |  |  | -
Interest-bearing deposits |  |  | 2,904,187 |  |  | 2,904,285 |  |  | 1,825,846 |  |  | 1,078,439 |  |  | -
Borrowings |  |  | 585,124 |  |  | 586,474 |  |  | - |  |  | 586,474 |  |  | -
Subordinated debentures |  |  | 54,657 |  |  | 56,519 |  |  | - |  |  | 56,519 |  |  | -
Accrued interest payable |  |  | 4,304 |  |  | 4,304 |  |  | - |  |  | 4,304 |  |  | -
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 200,399 |  | $ | 200,399 |  | $ | 200,399 |  | $ | - |  | $ | -
Securities available-for-sale |  |  | 353,290 |  |  | 353,290 |  |  | 14,982 |  |  | 320,090 |  |  | 18,218
Restricted investment in bank stocks |  |  | 24,310 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Loans held-for-sale |  |  | 78,005 |  |  | 78,005 |  |  | - |  |  | 12,409 |  |  | 65,596
Net loans |  |  | 3,450,088 |  |  | 3,462,138 |  |  | - |  |  | - |  |  | 3,462,138
Derivatives |  |  | 88 |  |  | 88 |  |  | - |  |  | 88 |  |  | -
Accrued interest receivable |  |  | 12,965 |  |  | 12,965 |  |  | - |  |  | 2,026 |  |  | 10,939
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 694,977 |  |  | 694,977 |  |  | 694,977 |  |  | - |  |  | -
Interest-bearing deposits |  |  | 2,649,294 |  |  | 2,649,717 |  |  | 1,681,044 |  |  | 968,673 |  |  | -
Borrowings |  |  | 476,280 |  |  | 478,286 |  |  | - |  |  | 478,286 |  |  | -
Subordinated debentures |  |  | 54,534 |  |  | 55,901 |  |  | - |  |  | 55,901 |  |  | -
Accrued interest payable |  |  | 4,142 |  |  | 4,142 |  |  | - |  |  | 4,142 |  |  | -

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition 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=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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