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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2016
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables summarize financial assets and liabilities recorded at fair value on a recurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated:
|  | December 31, 2016 |
|  | Total Fair Value |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 1,345 |  |  | $ | — |  |  | $ | 1,345 |  |  | $ | — |
Municipal securities |  |  | 113,331 |  |  |  | — |  |  |  | 113,331 |  |  |  | — |
Single issue trust preferred securities |  |  | 19,939 |  |  |  | — |  |  |  | 19,939 |  |  |  | — |
Mortgage-backed Agency securities |  |  | 30,891 |  |  |  | — |  |  |  | 30,891 |  |  |  | — |
Equity securities |  |  | 73 |  |  |  | 55 |  |  |  | 18 |  |  |  | — |
Total available-for-sale securities |  |  | 165,579 |  |  |  | 55 |  |  |  | 165,524 |  |  |  | — |
Fair value loans |  |  | 4,701 |  |  |  | — |  |  |  | 4,701 |  |  |  | — |
Deferred compensation assets |  |  | 3,224 |  |  |  | 3,224 |  |  |  | — |  |  |  | — |
Deferred compensation liabilities |  |  | 3,224 |  |  |  | 3,224 |  |  |  | — |  |  |  | — |
Derivative liabilities |  |  | 167 |  |  |  | — |  |  |  | 167 |  |  |  | — |
|  | December 31, 2015 |
|  | Total Fair Value |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Agency securities |  | $ | 30,702 |  |  | $ | — |  |  | $ | 30,702 |  |  | $ | — |
Municipal securities |  |  | 128,678 |  |  |  | — |  |  |  | 128,678 |  |  |  | — |
Single issue trust preferred securities |  |  | 47,832 |  |  |  | — |  |  |  | 47,832 |  |  |  | — |
Corporate securities |  |  | 70,333 |  |  |  | — |  |  |  | 70,333 |  |  |  | — |
Certificates of deposit |  |  | 5,000 |  |  |  | — |  |  |  | 5,000 |  |  |  | — |
Mortgage-backed Agency securities |  |  | 83,556 |  |  |  | — |  |  |  | 83,556 |  |  |  | — |
Equity securities |  |  | 72 |  |  |  | 54 |  |  |  | 18 |  |  |  | — |
Total available-for-sale securities |  |  | 366,173 |  |  |  | 54 |  |  |  | 366,119 |  |  |  | — |
Fair value loans |  |  | 4,886 |  |  |  | — |  |  |  | 4,886 |  |  |  | — |
Deferred compensation assets |  |  | 3,464 |  |  |  | 3,464 |  |  |  | — |  |  |  | — |
Deferred compensation liabilities |  |  | 3,464 |  |  |  | 3,464 |  |  |  | — |  |  |  | — |
Derivative liabilities |  |  | 251 |  |  |  | — |  |  |  | 251 |  |  |  | — |
Assets Measured at Fair Value on Nonrecurring Basis | The following tables present assets measured at fair value on a nonrecurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated:
|  | December 31, 2016 |
|  | Total Fair Value |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Impaired loans, non-covered |  | $ | 4,078 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,078 |
OREO, non-covered |  |  | 5,109 |  |  |  | — |  |  |  | — |  |  |  | 5,109 |
OREO, covered |  |  | 265 |  |  |  | — |  |  |  | — |  |  |  | 265 |
|  | December 31, 2015 |
|  | Total Fair Value |  |  | Fair Value Measurements Using |
|  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans, non-covered |  | $ | 9,164 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,164 |
OREO, non-covered |  |  | 4,819 |  |  |  | — |  |  |  | — |  |  |  | 4,819 |
OREO, covered |  |  | 4,034 |  |  |  | — |  |  |  | — |  |  |  | 4,034 |
Quantitative Information for Assets Measured at Fair Value on Nonrecurring Basis | The following table provides quantitative information for assets measured at fair value on a nonrecurring basis using Level 3 valuation inputs as of the dates indicated:
|  | Valuation Technique |  | Unobservable Input |  | Discount Range (Weighted Average) |
|  |  |  | December 31, 2016 |  |  | December 31, 2015 |
Impaired loans, non-covered |  | Discounted appraisals (1) |  | Appraisal adjustments(2) |  |  | 3% to 39% (17%) |  |  |  | 1% to 39% (21%) |
OREO, non-covered |  | Discounted appraisals(1) |  | Appraisal adjustments(2) |  |  | 0% to 88% (30%) |  |  |  | 1% to 100% (33%) |
OREO, covered |  | Discounted appraisals(1) |  | Appraisal adjustments (2) |  |  | 0% to 44% (40%) |  |  |  | 21% to 65% (46%) |
(1) | Fair value is generally based on appraisals of the underlying collateral.
(2) | Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.
Carrying Amounts and Fair Values of Financial Instruments | The following tables present the carrying amounts and fair values of financial instruments, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated:
|  | December 31, 2016 |
|  | Carrying Amount |  |  | Fair Value |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 76,307 |  |  | $ | 76,307 |  |  | $ | 76,307 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  |  | 165,579 |  |  |  | 165,579 |  |  |  | 55 |  |  |  | 165,524 |  |  |  | — |
Securities held to maturity |  |  | 47,133 |  |  |  | 47,266 |  |  |  | — |  |  |  | 47,266 |  |  |  | — |
Loans held for investment, net of allowance |  |  | 1,835,000 |  |  |  | 1,805,999 |  |  |  | — |  |  |  | 4,701 |  |  |  | 1,801,298 |
FDIC indemnification asset |  |  | 12,173 |  |  |  | 8,112 |  |  |  | — |  |  |  | — |  |  |  | 8,112 |
Interest receivable |  |  | 5,553 |  |  |  | 5,553 |  |  |  | — |  |  |  | 5,553 |  |  |  | — |
Deferred compensation assets |  |  | 3,224 |  |  |  | 3,224 |  |  |  | 3,224 |  |  |  | — |  |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits |  |  | 427,705 |  |  |  | 427,705 |  |  |  | — |  |  |  | 427,705 |  |  |  | — |
Interest-bearing demand deposits |  |  | 378,339 |  |  |  | 378,339 |  |  |  | — |  |  |  | 378,339 |  |  |  | — |
Savings deposits |  |  | 523,260 |  |  |  | 523,260 |  |  |  | — |  |  |  | 523,260 |  |  |  | — |
Time deposits |  |  | 512,034 |  |  |  | 507,917 |  |  |  | — |  |  |  | 507,917 |  |  |  | — |
Securities sold under agreements to repurchase |  |  | 98,005 |  |  |  | 98,879 |  |  |  | — |  |  |  | 98,879 |  |  |  | — |
Interest payable |  |  | 1,280 |  |  |  | 1,280 |  |  |  | — |  |  |  | 1,280 |  |  |  | — |
FHLB and other borrowings |  |  | 80,708 |  |  |  | 83,551 |  |  |  | — |  |  |  | 83,551 |  |  |  | — |
Derivative financial liabilities |  |  | 167 |  |  |  | 167 |  |  |  | — |  |  |  | 167 |  |  |  | — |
Deferred compensation liabilities |  |  | 3,224 |  |  |  | 3,224 |  |  |  | 3,224 |  |  |  | — |  |  |  | — |
|  | December 31, 2015 |
|  | Carrying Amount |  |  | Fair Value |  |  | Fair Value Measurements Using |
(Amounts in thousands) |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 51,787 |  |  | $ | 51,787 |  |  | $ | 51,787 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  |  | 366,173 |  |  |  | 366,173 |  |  |  | 54 |  |  |  | 366,119 |  |  |  | — |
Securities held to maturity |  |  | 72,541 |  |  |  | 72,490 |  |  |  | — |  |  |  | 72,490 |  |  |  | — |
Loans held for investment, net of allowance |  |  | 1,686,308 |  |  |  | 1,685,061 |  |  |  | — |  |  |  | 4,886 |  |  |  | 1,680,175 |
FDIC indemnification asset |  |  | 20,844 |  |  |  | 10,753 |  |  |  | — |  |  |  | — |  |  |  | 10,753 |
Interest receivable |  |  | 6,007 |  |  |  | 6,007 |  |  |  | — |  |  |  | 6,007 |  |  |  | — |
Deferred compensation assets |  |  | 3,464 |  |  |  | 3,464 |  |  |  | 3,464 |  |  |  | — |  |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits |  |  | 451,511 |  |  |  | 451,511 |  |  |  | — |  |  |  | 451,511 |  |  |  | — |
Interest-bearing demand deposits |  |  | 347,705 |  |  |  | 347,705 |  |  |  | — |  |  |  | 347,705 |  |  |  | — |
Savings deposits |  |  | 530,585 |  |  |  | 530,585 |  |  |  | — |  |  |  | 530,585 |  |  |  | — |
Time deposits |  |  | 543,458 |  |  |  | 541,059 |  |  |  | — |  |  |  | 541,059 |  |  |  | — |
Securities sold under agreements to repurchase |  |  | 138,614 |  |  |  | 140,880 |  |  |  | — |  |  |  | 140,880 |  |  |  | — |
Interest payable |  |  | 1,260 |  |  |  | 1,260 |  |  |  | — |  |  |  | 1,260 |  |  |  | — |
FHLB and other borrowings |  |  | 80,756 |  |  |  | 85,774 |  |  |  | — |  |  |  | 85,774 |  |  |  | — |
Derivative financial liabilities |  |  | 251 |  |  |  | 251 |  |  |  | — |  |  |  | 251 |  |  |  | — |
Deferred compensation liabilities |  |  | 3,464 |  |  |  | 3,464 |  |  |  | 3,464 |  |  |  | — |  |  |  | — |

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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 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=73719730&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=73719730&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=6447952&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=6957238&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=73719730&loc=d3e13433-108611 + Details
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- 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
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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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