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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2019
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are as follows at March 31, 2019 and December 31, 2018:
|  |  |  | Fair Value Measurements at March 31, 2019 Using: |
|  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
Description | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: |  |  |  |  |  |  |
Securities Available For Sale: |  |  |  |  |  |  |
U.S. Government sponsored entities | 130,375 |  |  | 0 |  |  | 130,375 |  |  | 0 |
States and political subdivisions | 121,090 |  |  | 0 |  |  | 121,090 |  |  | 0 |
Residential and multi-family mortgage | 207,491 |  |  | 0 |  |  | 207,491 |  |  | 0 |
Corporate notes and bonds | 11,904 |  |  | 0 |  |  | 11,904 |  |  | 0 |
Pooled SBA | 28,801 |  |  | 0 |  |  | 28,801 |  |  | 0 |
Other | 947 |  |  | 947 |  |  | 0 |  |  | 0 |
Total Securities Available For Sale | $ | 500,608 |  |  | $ | 947 |  |  | $ | 499,661 |  |  | $ | 0 |
Interest Rate swaps | $ | 906 |  |  | $ | 0 |  |  | $ | 906 |  |  | $ | 0 |
Trading Securities: |  |  |  |  |  |  |
Corporate equity securities | $ | 6,947 |  |  | $ | 6,947 |  |  | 0 |  |  | 0 |
Mutual funds | 871 |  |  | 871 |  |  | 0 |  |  | 0 |
Certificates of deposit | 179 |  |  | 179 |  |  | 0 |  |  | 0 |
Corporate notes and bonds | 594 |  |  | 594 |  |  | 0 |  |  | 0 |
U.S. Government sponsored entities | 51 |  |  | 0 |  |  | 51 |  |  | 0 |
Total Trading Securities | $ | 8,642 |  |  | $ | 8,591 |  |  | $ | 51 |  |  | $ | 0 |
Liabilities: |  |  |  |  |  |  |
Interest rate swaps | $ | (1,227 | ) |  | $ | 0 |  |  | $ | (1,227 | ) |  | $ | 0 |
|  |  | Fair Value Measurements at December 31, 2018 Using:
|  |  | Quoted Prices in |  |  |  | Significant
|  |  | Active Markets for |  | Significant Other |  | Unobservable
|  |  | Identical Assets |  | Observable Inputs |  | Inputs
Description | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: |  |  |  |  |  |  |
Securities Available For Sale: |  |  |  |  |  |  |
U.S. Government sponsored entities | $ | 132,694 |  |  | $ | 0 |  |  | $ | 132,694 |  |  | $ | 0 |
States and political subdivisions | 136,031 |  |  | 0 |  |  | 136,031 |  |  | 0 |
Residential and multi-family mortgage | 206,053 |  |  | 0 |  |  | 206,053 |  |  | 0 |
Corporate notes and bonds | 11,777 |  |  | 0 |  |  | 11,777 |  |  | 0 |
Pooled SBA | 29,374 |  |  | 0 |  |  | 29,374 |  |  | 0 |
Other | 934 |  |  | 934 |  |  | 0 |  |  | 0 |
Total Securities Available For Sale | $ | 516,863 |  |  | $ | 934 |  |  | $ | 515,929 |  |  | $ | 0 |
Interest Rate swaps | $ | 485 |  |  | $ | 0 |  |  | $ | 485 |  |  | $ | 0 |
Trading Securities: |  |  |  |  |  |  |
Corporate equity securities | 5,828 |  |  | 5,828 |  |  | 0 |  |  | 0 |
Mutual funds | 1,058 |  |  | 1,058 |  |  | 0 |  |  | 0 |
Certificates of deposit | 268 |  |  | 268 |  |  | 0 |  |  | 0 |
Corporate notes and bonds | 581 |  |  | 581 |  |  | 0 |  |  | 0 |
U.S. Government sponsored entities | 51 |  |  | 0 |  |  | 51 |  |  | 0 |
Total Trading Securities | $ | 7,786 |  |  | $ | 7,735 |  |  | 51 |  |  | 0 |
Liabilities: |  |  |  |  |  |  |
Interest rate swaps | $ | (686 | ) |  | $ | 0 |  |  | $ | (686 | ) |  | $ | 0 |
Assets and Liabilities Measured at Fair Value on Non-Recurring Basis | Assets and liabilities measured at fair value on a non-recurring basis are as follows at March 31, 2019 and December 31, 2018:
|  |  | Fair Value Measurements at March 31, 2019 Using:
|  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
Description | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |
Commercial, industrial, and agricultural | $ | 540 |  |  | 0 |  |  | 0 |  |  | $ | 540 |
Commercial mortgages | $ | 1,166 |  |  | 0 |  |  | 0 |  |  | $ | 1,166 |
|  |  | Fair Value Measurements at December 31, 2018 Using
|  |  | Quoted Prices in |  |  |  | Significant
|  |  | Active Markets for |  | Significant Other |  | Unobservable
|  |  | Identical Assets |  | Observable Inputs |  | Inputs
Description | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |
Commercial, industrial, and agricultural | $ | 2,055 |  |  | 0 |  |  | 0 |  |  | $ | 2,055 |
Commercial mortgages | $ | 679 |  |  | 0 |  |  | 0 |  |  | $ | 679 |
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Non Recurring Basis | The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2019:
| Fair value |  | Valuation Technique |  | Unobservable Inputs |  | Range (Weighted Average)
Impaired loans – commercial, industrial, and agricultural | $540 |  | Valuation of third party appraisal on underlying collateral |  | Loss severity rates |  | 39%-78% (63%)
Impaired loans – commercial mortgages | $1,166 |  | Valuation of third party appraisal on underlying collateral |  | Loss severity rates |  | 15-90% (37%)
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2018:
| Fair value |  | Valuation Technique |  | Unobservable Inputs |  | Range (Weighted Average)
Impaired loans – commercial, industrial, and agricultural | $2,055 |  | Valuation of third party appraisal on underlying collateral |  | Loss severity rates |  | 20%-60% (34%)
Impaired loans – commercial mortgages | $679 |  | Valuation of third party appraisal on underlying collateral |  | Loss severity rates |  | 15%-39% (33%)
Carrying Amount and Fair Value of Financial Instruments | The following table presents the carrying amount and fair value of financial instruments at March 31, 2019:
| Carrying |  | Fair Value Measurement Using: |  | Total
| Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 55,282 |  |  | $ | 55,282 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 55,282 |
Securities available for sale | 500,608 |  |  | 947 |  |  | 499,661 |  |  | 0 |  |  | 500,608 |
Trading securities | 8,642 |  |  | 8,591 |  |  | 51 |  |  | 0 |  |  | 8,642 |
Loans held for sale | 2,952 |  |  | 0 |  |  | 2,957 |  |  | 0 |  |  | 2,957 |
Net loans | 2,505,744 |  |  | 0 |  |  | 0 |  |  | 2,483,864 |  |  | 2,483,864 |
FHLB and other restricted interests | 23,129 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
Interest rate swaps | 906 |  |  | 0 |  |  | 906 |  |  | 0 |  |  | 906 |
Accrued interest receivable | 11,862 |  |  | 7 |  |  | 3,567 |  |  | 8,288 |  |  | 11,862 |
LIABILITIES |  |  |  |  |  |  |  |  |
Deposits | $ | (2,657,359 | ) |  | $ | (2,303,454 | ) |  | $ | (354,791 | ) |  | $ | 0 |  |  | $ | (2,658,245 | )
FHLB and other borrowings | (240,005 | ) |  | 0 |  |  | (240,503 | ) |  | 0 |  |  | (240,503 | )
Subordinated debentures | (70,620 | ) |  | 0 |  |  | (65,325 | ) |  | 0 |  |  | (65,325 | )
Interest rate swaps | (1,227 | ) |  | 0 |  |  | (1,227 | ) |  | 0 |  |  | (1,227 | )
Accrued interest payable | (916 | ) |  | 0 |  |  | (916 | ) |  | 0 |  |  | (916 | )
The following table presents the carrying amount and fair value of financial instruments at December 31, 2018:
| Carrying |  | Fair Value Measurement Using: |  | Total
| Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 45,563 |  |  | $ | 45,563 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 45,563 |
Securities available for sale | 516,863 |  |  | 934 |  |  | 515,929 |  |  | 0 |  |  | 516,863 |
Trading securities | 7,786 |  |  | 7,735 |  |  | 51 |  |  | 0 |  |  | 7,786 |
Loans held for sale | 367 |  |  | 0 |  |  | 368 |  |  | 0 |  |  | 368 |
Net loans | 2,454,853 |  |  | 0 |  |  | 0 |  |  | 2,433,417 |  |  | 2,433,417 |
FHLB and other restricted interests | 24,508 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
Interest rate swaps | 485 |  |  | 0 |  |  | 485 |  |  | 0 |  |  | 485 |
Accrued interest receivable | 10,843 |  |  | 6 |  |  | 3,368 |  |  | 7,469 |  |  | 10,843 |
LIABILITIES |  |  |  |  |  |  |  |  |
Deposits | $ | (2,610,786 | ) |  | $ | (2,215,349 | ) |  | $ | (397,370 | ) |  | $ | 0 |  |  | $ | (2,612,719 | )
FHLB and other borrowings | (245,117 | ) |  | 0 |  |  | (242,592 | ) |  | 0 |  |  | (242,592 | )
Subordinated debentures | (70,620 | ) |  | 0 |  |  | (65,794 | ) |  | 0 |  |  | (65,794 | )
Interest rate swaps | (686 | ) |  | 0 |  |  | (686 | ) |  | 0 |  |  | (686 | )
Accrued interest payable | (863 | ) |  | 0 |  |  | (863 | ) |  | 0 |  |  | (863 | )

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- Definition Tabular disclosure for quantitative information about level 3 fair value measurements for financial instruments measured at fair value on non recurring basis. + References No definition available. + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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