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Disclosures about Fair Value of Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2015
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 condensed consolidated 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)  

March 31, 2015

            

Available-for-sale securities

            

U.S. Treasury and federal agencies

    $ 28,421       $ —         $ 28,421       $ —     

State and municipal

      51,576         —           51,576         —     

Federal agency collateralized mortgage obligations

      121,719         —           121,719         —     

Federal agency mortgage-backed pools

      129,267         —           129,267         —     

Private labeled mortgage-backed pools

      —           —           —           —     

Corporate notes

      50         —           50         —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total available-for-sale securities

   331,033      —        331,033      —     

Hedged loans

   104,383      —        104,383      —     

Forward sale commitments

   636      —        636      —     

Interest rate swap agreements

   (5,874 )    —        (5,874 )    —     

Commitments to originate loans

   —        —        —        —     

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

   —        —        —        —     
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 condensed consolidated statements of income as follows:

 

     Three Months Ended March 31  
     2015      2014  
     (Unaudited)      (Unaudited)  

Non Interest Income

      

Total gains and losses from:

      

Hedged loans

    $ 719       $ 207   

Fair value interest rate swap agreements

      (719 )       (207 ) 

Derivative loan commitments

      189         240   
  

 

 

     

 

 

  
$ 189    $ 240   
  

 

 

     

 

 

  
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)  

March 31, 2015

            

Impaired loans

    $ 7,512       $ —         $ —         $ 7,512   

Mortgage servicing rights

      7,854         —           —           7,854   

December 31, 2014

            

Impaired loans

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

Mortgage servicing rights

      7,642         —           —           7,642   
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.

 

     Fair Value at      Valuation         Range (Weighted  
     March 31, 2015     

Technique

   

Unobservable Inputs

    Average)  

Impaired loans

    $ 7,512       Collateral based measurement    Discount to reflect current market conditions and ultimate collectability      10% - 15% (12%)   

Mortgage servicing rights

    $ 7,854       Discounted cashflows    Discount rate, Constant prepayment rate, Probability of default     
 
 		 10% - 15% (12%),
4% - 7% (4.6%),
1% - 10%  (4.5%)		   
  
  
     Fair Value at      Valuation         Range (Weighted  
     December 31, 2014     

Technique

   

Unobservable Inputs

    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, Probability of default     
 
 		 10% - 15% (12%),
4% - 7% (4.6%),
1% - 10% (4.5%)