XML 47 R37.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Disclosures about Fair Value of Assets and Liabilities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
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 |  |  | Significant |  |  |  |
|  |  |  |  | Active Markets |  |  | Other |  |  | Significant |
|  |  |  |  | for Identical |  |  | Observable |  |  | Unobservable |
|  |  |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and federal agencies |  | $ | 17,885 |  |  | $ | — |  |  | $ | 17,885 |  |  | $ | — |
State and municipal |  |  | 143,483 |  |  |  | — |  |  |  | 143,483 |  |  |  | — |
Federal agency collateralized mortgage obligations |  |  | 134,202 |  |  |  | — |  |  |  | 134,202 |  |  |  | — |
Federal agency mortgage-backed pools |  |  | 212,051 |  |  |  | — |  |  |  | 212,051 |  |  |  | — |
Private labeled mortgage-backed pools |  |  | 1,830 |  |  |  | — |  |  |  | 1,830 |  |  |  | — |
Corporate notes |  |  | 393 |  |  |  | — |  |  |  | 393 |  |  |  | — |
Total available-for-sale securities |  |  | 509,844 |  |  |  | — |  |  |  | 509,844 |  |  |  | — |
Hedged loans |  |  | 152,216 |  |  |  | — |  |  |  | 152,216 |  |  |  | — |
Forward sale commitments |  |  | 286 |  |  |  | — |  |  |  | 286 |  |  |  | — |
Interest rate swap agreements |  |  | (2,819 | ) |  |  | — |  |  |  | (2,819 | ) |  |  | — |
Commitments to originate loans |  |  | (31 | ) |  |  | — |  |  |  | (31 | ) |  |  | — |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and federal agencies |  | $ | 7,989 |  |  | $ | — |  |  | $ | 7,989 |  |  | $ | — |
State and municipal |  |  | 116,592 |  |  |  | — |  |  |  | 116,592 |  |  |  | — |
Federal agency collateralized mortgage obligations |  |  | 137,195 |  |  |  | — |  |  |  | 137,195 |  |  |  | — |
Federal agency mortgage-backed pools |  |  | 176,726 |  |  |  | — |  |  |  | 176,726 |  |  |  | — |
Corporate notes |  |  | 1,329 |  |  |  | — |  |  |  | 1,329 |  |  |  | — |
Total available-for-sale securities |  |  | 439,831 |  |  |  | — |  |  |  | 439,831 |  |  |  | — |
Hedged loans |  |  | 122,345 |  |  |  | — |  |  |  | 122,345 |  |  |  | — |
Forward sale commitments |  |  | 602 |  |  |  | — |  |  |  | 602 |  |  |  | — |
Interest rate swap agreements |  |  | (3,138 | ) |  |  | — |  |  |  | (3,138 | ) |  |  | — |
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 condensed consolidated statements of income as follows:
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
Non Interest Income |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Total gains and losses from: |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Hedged loans |  | $ | (4 | ) |  | $ | (830 | ) |  | $ | 423 |  |  | $ | 2,781 |
Fair value interest rate swap agreements |  |  | 4 |  |  |  | 830 |  |  |  | (423 | ) |  |  | (2,781 | )
Derivative loan commitments |  |  | (112 | ) |  |  | (324 | ) |  |  | (324 | ) |  |  | 145 |
|  | $ | (112 | ) |  | $ | (324 | ) |  | $ | (324 | ) |  | $ | 145 |
Other Assets Measured at Fair Value on Non-recurring Basis | Certain other assets are measured at fair value on a non-recurring 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 |  |  | Significant |  |  |  |
|  |  |  |  | Active Markets |  |  | Other |  |  | Significant |
|  |  |  |  | for Identical |  |  | Observable |  |  | Unobservable |
|  |  |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 3,433 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,433 |
Mortgage servicing rights |  |  | 11,485 |  |  |  | — |  |  |  | — |  |  |  | 11,485 |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 2,246 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,246 |
Mortgage servicing rights |  |  | 11,174 |  |  |  | — |  |  |  | — |  |  |  | 11,174 |
Qualitative Information About Unobservable Inputs Used in Recurring and Non-recurring Level 3 Fair Value Measurements, Other than Goodwill | The following table presents qualitative information about unobservable inputs used in recurring and non-recurring Level 3 fair value measurements, other than goodwill.
|  | Fair Value at |  |  | Valuation |  |  |  | Range (Weighted |
|  | September 30, 2017 |  |  | Technique |  | Unobservable Inputs |  | Average) |
|  |  |  |  |  |  |  | Discount to reflect current market conditions and ultimate |  |  |  |
Impaired loans |  | $ | 3,433 |  |  | Collateral based measurement |  | collectability |  |  | 11% - 17% (14% | )
|  |  |  |  |  |  |  | Discount rate, Constant |  |  | 11% - 17% (14% | ),
|  |  |  |  |  |  |  | prepayment rate, Probability of |  |  | 4% - 8% (5.1% | ),
Mortgage servicing rights |  | $ | 11,485 |  |  | Discounted cashflows |  | default |  |  | 1% - 11% (5.0% | )
|  | Fair Value at |  |  | Valuation |  |  |  | Range (Weighted |
|  | December 31, 2016 |  |  | Technique |  | Unobservable Inputs |  | Average) |
|  |  |  |  |  |  |  | Discount to reflect current |  |  |  |
|  |  |  |  |  |  |  | market conditions and ultimate |  |  |  |
Impaired loans |  | $ | 2,246 |  |  | Collateral based measurement |  | collectability |  |  | 10% - 16% (13% | )
|  |  |  |  |  |  |  | Discount rate, Constant |  |  | 10% - 16% (13% | ),
|  |  |  |  |  |  |  | prepayment rate, Probability of |  |  | 4% - 7% (4.6% | ),
Mortgage servicing rights |  | $ | 11,174 |  |  | Discounted cashflows |  | default |  |  | 1% - 10% (4.5% | )

X
- Definition Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. + 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 (d) -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 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + 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
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration