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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

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
March 31, 2015
Measured on a recurring basis:
Securities available for sale:
U.S. Government agencies and government sponsored enterprises	$	-	$	178,668	$	-	$	178,668
Mortgage-backed securities		-		460,376		-		460,376
Asset-backed securities		-		231		-		231
	$	-	$	639,275	$	-	$	639,275
Measured on a nonrecurring basis:
Loans:
Loans held for sale	$	-	$	656	$	-	$	656
Collateral dependent impaired loans		-		-		3,391		3,391
Other assets:
Loan servicing rights		-		-		1,325		1,325
Other real estate owned		-		-		139		139
	$	-	$	656	$	4,855	$	5,511
December 31, 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

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	$	3,391	Appraisal of collateral (1)	Appraisal adjustments (2)	0% - 100% discount
			Discounted cash flow	Discount rate	4.4% (3)
				Risk premium rate	10.0% (3)
Loan servicing rights		1,325	Discounted cash flow	Discount rate	4.8% (3)
				Constant prepayment rate	15.6% (3)
Other real estate owned		139	Appraisal of collateral (1)	Appraisal adjustments (2)	19% - 43% 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		March 31, 2015				December 31, 2014
	Fair Value				Estimated				Estimated
	Measurement		Carrying		Fair		Carrying		Fair
	Hierarchy		Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	Level 1	$	135,972	$	135,972	$	58,151	$	58,151
Securities available for sale	Level 2		639,275		639,275		622,494		622,494
Securities held to maturity	Level 2		306,255		312,510		294,438		298,695
Loans held for sale	Level 2		656		656		755		755
Loans	Level 2		1,892,372		1,904,498		1,881,713		1,887,959
Loans (1)	Level 3		3,391		3,391		2,652		2,652
Accrued interest receivable	Level 1		9,114		9,114		8,104		8,104
FHLB and FRB stock	Level 2		12,129		12,129		19,014		19,014
Financial liabilities:
Non-maturity deposits	Level 1		2,092,843		2,092,843		1,857,285		1,857,285
Time deposits	Level 2		611,852		613,245		593,242		593,793
Short-term borrowings	Level 1		175,573		175,573		334,804		334,804
Accrued interest payable	Level 1		4,240		4,240		3,862		3,862

⁽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.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

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- Definition

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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