Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

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
2016
Measured on a recurring basis:
Securities available for sale:
U.S. Government agencies and government sponsored enterprises	$	-	$	186,268	$	-	$	186,268
Mortgage-backed securities		-		353,467		-		353,467
Asset-backed securities		-		191		-		191
	$	-	$	539,926	$	-	$	539,926
Measured on a nonrecurring basis:
Loans:
Loans held for sale	$	-	$	1,050	$	-	$	1,050
Collateral dependent impaired loans		-		-		901		901
Other assets:
Loan servicing rights		-		-		1,075		1,075
Other real estate owned		-		-		107		107
	$	-	$	1,050	$	2,083	$	3,133

2015
Measured on a recurring basis:
Securities available for sale:
U.S. Government agencies and government sponsored enterprises	$	-	$	260,863	$	-	$	260,863
Mortgage-backed securities		-		283,314		-		283,314
Asset-backed securities		-		218		-		218
	$	-	$	544,395	$	-	$	544,395
Measured on a nonrecurring basis:
Loans:
Loans held for sale	$	-	$	1,430	$	-	$	1,430
Collateral dependent impaired loans		-		-		1,485		1,485
Other assets:
Loan servicing rights		-		-		1,241		1,241
Other real estate owned		-		-		163		163
	$	-	$	1,430	$	2,889	$	4,319

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	$	901	Appraisal of collateral ⁽¹⁾	Appraisal adjustments ⁽²⁾	0% - 50% discount

Loan servicing rights	$	1,075	Discounted cash flow	Discount rate	5.3% ⁽³⁾
				Constant prepayment rate	10.2% ⁽³⁾

Other real estate owned	$	107	Appraisal of collateral ⁽¹⁾	Appraisal adjustments ⁽²⁾	38% - 72% 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	2016				2015
	Fair Value				Estimated				Estimated
	Measurement		Carrying		Fair		Carrying		Fair
	Hierarchy		Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	Level 1	$	71,277	$	71,277	$	60,121	$	60,121
Securities available for sale	Level 2		539,926		539,926		544,395		544,395
Securities held to maturity	Level 2		543,338		539,991		485,717		490,064
Loans held for sale	Level 2		1,050		1,050		1,430		1,430
Loans	Level 2		2,308,326		2,285,146		2,055,192		2,046,235
Loans ⁽¹⁾	Level 3		901		901		1,485		1,485
Accrued interest receivable	Level 1		9,192		9,192		8,609		8,609
FHLB and FRB stock	Level 2		21,780		21,780		19,991		19,991

Financial liabilities:
Non-maturity deposits	Level 1		2,292,706		2,292,706		2,093,513		2,093,513
Time deposits	Level 2		702,516		701,097		637,018		636,159
Short-term borrowings	Level 1		331,500		331,500		293,100		293,100
Long-term borrowings	Level 2		39,061		40,701		38,990		40,313
Accrued interest payable	Level 1		5,394		5,394		4,676		4,676

^{(1) Comprised of collateral dependent impaired loans.}