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Disclosures About Fair Value of Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
Fair Value Measurements of Assets and Liabilities Recognized on a Recurring Basis

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying financial statements measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at the following:

 

           Quoted Prices in
Active Markets
for Identical
Assets		      Significant
Other
Observable
Inputs		     Significant
Unobservable
Inputs		  
     Fair Value     (Level 1)      (Level 2)     (Level 3)  

December 31, 2014

          

Available-for-sale securities

          

U.S. Treasury and federal agencies

    $ 26,823      $ —         $ 26,823      $ —     

State and municipal

      47,952        —           47,952        —     

Federal agency collateralized mortgage obligations

      122,860        —           122,860        —     

Federal agency mortgage-backed pools

      125,395        —           125,395        —     

Private labeled mortgage-backed pools

      689        —           689        —     

Corporate notes

      45        —           45        —     
  

 

 

    

 

 

     

 

 

    

 

 

  

Total available-for-sale securities

   323,764      —        323,764      —     

Hedged loans

   101,445      —        101,445      —     

Forward sale commitments

   447      —        447      —     

Interest rate swap agreements

   (4,546 )    —        (4,546 )    —     

Commitments to originate loans

   —        —        —        —     

December 31, 2013

Available-for-sale securities

U.S. Treasury and federal agencies

 $ 43,134    $ —      $ 43,134    $ —     

State and municipal

   177,898      —        177,898      —     

Federal agency collateralized mortgage obligations

   114,706      —        114,706      —     

Federal agency mortgage-backed pools

   170,894      —        170,894      —     

Private labeled mortgage-backed pools

   1,226      —        1,226      —     

Corporate notes

   733      —        733      —     

Total available-for-sale securities

   508,591      —        508,591      —     
  

 

 

    

 

 

     

 

 

    

 

 

  

Hedged loans

   95,372      —        95,372      —     

Forward sale commitments

   212      —        212      —     

Interest rate swap agreements

   (2,773 )    —        (2,773 )    —     

Commitments to originate loans

   (22 )    —        (22 )    —     

 
Realized Gains and Losses Included in Net Income for Periods in Consolidated Statements of Income

Realized gains and losses included in net income for the periods are reported in the consolidated statements of income as follows:

 

     Years Ended December 31  
     2014      2013      2012  

Non Interest Income

         

Total gains and losses from:

         

Hedged loans

    $ 1,261       $ (2,267 )     $ 28   

Fair value interest rate swap agreements

      (1,261 )       2,267         (28 ) 

Derivative loan commitments

      256         (667 )       196   
  

 

 

     

 

 

     

 

 

  
$ 256    $ (667 )  $ 196   
  

 

 

     

 

 

     

 

 

  
Other Assets Measured at Fair Value on Nonrecurring Basis

Certain other assets are measured at fair value on a nonrecurring basis in the ordinary course of business and are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment):

 

            Quoted Prices in
Active Markets for
Identical Assets		      Significant Other
Observable
Inputs		      Significant
Unobservable
Inputs		  
     Fair Value      (Level 1)      (Level 2)      (Level 3)  

December 31, 2014

            

Impaired loans

    $ 9,464       $ —         $ —         $ 9,464   

Mortgage servicing rights

      7,642         —           —           7,642   

December 31, 2013

            

Impaired loans

    $ 6,114       $ —         $ —         $ 6,114   

Mortgage servicing rights

      7,039         —           —           7,039   
Qualitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements, Other than Goodwill

The following table presents qualitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at December 31, 2014.

 

     Fair Value at
December 31, 2014		      Valuation
Technique		    Unobservable Inputs    Range (Weighted
Average)

Impaired loans

    $ 9,464       Collateral based measurement    Discount to reflect current market
conditions and ultimate
collectability		    10% -15% (12%)

Mortgage servicing rights

    $ 7,642       Discounted cashflows    Discount rate, Constant prepayment
rate, Probably of default		    10% -15% (12%),

4% - 7% (4.6%),
1% - 10% (4.5%)
     Fair Value at
December 31, 2013		      Valuation
Technique		    Unobservable Inputs    Range (Weighted
Average)

Impaired loans

    $ 6,114       Collateral based measurement    Discount to reflect current market
conditions and ultimate
collectability		    10% -15% (12%)

Mortgage servicing rights

    $ 7,039       Discounted cashflows    Discount rate, Constant prepayment
rate, Probably of default		    10% - 15% (12%),
4% - 7% (4.6%),

1% - 10% (4.5%)