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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Assets Measured At Fair Value On A Recurring And Non-Recurring Basis

		Quoted Prices
		in Active
		Markets for		Significant
		Identical		Other		Significant
		Assets or		Observable		Unobservable
		Liabilities		Inputs		Inputs
		(Level 1)		(Level 2)		(Level 3)		Total
2014
Measured on a recurring basis:
Securities available for sale:
U.S. Government agencies and government sponsored enterprises	$	-	$	160,475	$	-	$	160,475
Mortgage-backed securities		-		461,788		-		461,788
Asset-backed securities		-		231		-		231
	$	-	$	622,494	$	-	$	622,494
Measured on a nonrecurring basis:
Loans:
Loans held for sale	$	-	$	755	$	-	$	755
Collateral dependent impaired loans		-		-		2,652		2,652
Other assets:
Loan servicing rights		-		-		1,359		1,359
Other real estate owned		-		-		194		194
	$	-	$	755	$	4,205	$	4,960
2013
Measured on a recurring basis:
Securities available for sale:
U.S. Government agencies and government sponsored enterprises	$	-	$	134,452	$	-	$	134,452
Mortgage-backed securities		-		474,549		-		474,549
Asset-backed securities		-		399		-		399
	$	-	$	609,400	$	-	$	609,400
Measured on a nonrecurring basis:
Loans:
Loans held for sale	$	-	$	3,381	$	-	$	3,381
Collateral dependent impaired loans		-		-		9,227		9,227
Other assets:
Loan servicing rights		-		-		1,565		1,565
Other real estate owned		-		-		333		333
	$	-	$	3,381	$	11,125	$	14,506

Additional Quantitative Information About Assets Measured At Fair Value On A Recurring And Non-Recurring Basis

		Fair			Unobservable Input
Asset		Value	Valuation Technique	Unobservable Input	Value or Range
Collateral dependent impaired loans	$	2,652	Appraisal of collateral (1)	Appraisal adjustments (2)	0% - 100% discount
			Discounted cash flow	Discount rate	4.5% (3)
				Risk premium rate	10.0% (3)
Loan servicing rights	$	1,359	Discounted cash flow	Discount rate	5.1% (3)
				Constant prepayment rate	13.6% (3)
Other real estate owned	$	194	Appraisal of collateral (1)	Appraisal adjustments (2)	9% - 41% discount

⁽¹⁾ Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.

⁽²⁾ Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

⁽³⁾ Weighted averages.

Carrying Amount, Estimated Fair Value, And Placement In Fair Value Hierarchy Of Financial Instruments

	Level in		2014				2013
	Fair Value				Estimated				Estimated
	Measurement		Carrying		Fair		Carrying		Fair
	Hierarchy		Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	Level 1	$	58,151	$	58,151	$	59,692	$	59,692
Securities available for sale	Level 2		622,494		622,494		609,400		609,400
Securities held to maturity	Level 2		294,438		298,695		249,785		250,657
Loans held for sale	Level 2		755		755		3,381		3,381
Loans	Level 2		1,881,713		1,887,959		1,797,656		1,802,407
Loans (1)	Level 3		2,652		2,652		9,227		9,227
Accrued interest receivable	Level 1		8,104		8,104		8,150		8,150
FHLB and FRB stock	Level 2		19,014		19,014		19,663		19,663
Financial liabilities:
Non-maturity deposits	Level 1		1,857,285		1,857,285		1,724,133		1,724,133
Time deposits	Level 2		593,242		593,793		595,923		596,928
Short-term borrowings	Level 1		334,804		334,804		337,042		337,042
Accrued interest payable	Level 1		3,862		3,862		3,407		3,407

⁽¹⁾ Comprised of collateral dependent impaired loans.

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- Definition

Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis.

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring 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).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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