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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

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

		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
June 30, 2018
Measured on a recurring basis:
Securities available for sale:
U.S. Government agency and government sponsored enterprises		$	—			$	157,526			$	—			$	157,526
Mortgage-backed securities			—				334,702				—				334,702
Other assets:
Hedging derivative instruments			—				1,201				—				1,201
Fair value adjusted through comprehensive income		$	—			$	493,429			$	—			$	493,429
Other assets:
Derivative instruments - interest rate products		$	—			$	105			$	—			$	105
Other liabilities:
Derivative instruments - credit contracts			—				(13	)			—				(13	)
Derivative instruments - interest rate products			—				(139	)			—				(139	)
Fair value adjusted through net income		$	—			$	(47	)		$	—			$	(47	)
Measured on a nonrecurring basis:
Loans:
Loans held for sale		$	—			$	2,014			$	—			$	2,014
Collateral dependent impaired loans			—				—				5,049				5,049
Other assets:
Loan servicing rights			—				—				968				968
Other real estate owned			—				—				299				299
		$	—			$	2,014			$	6,316			$	8,330
December 31, 2017
Measured on a recurring basis:
Securities available for sale:
U.S. Government agency and government sponsored enterprises		$	—			$	161,889			$	—			$	161,889
Mortgage-backed securities			—				363,084				—				363,084
Fair value adjusted through comprehensive income		$	—			$	524,973			$	—			$	524,973
Other liabilities:
Derivative instruments - credit contracts		$	—			$	4			$	—			$	4
Fair value adjusted through net income		$	—			$	4			$	—			$	4
Measured on a nonrecurring basis:
Loans:
Loans held for sale		$	—			$	2,718			$	—			$	2,718
Collateral dependent impaired loans			—				—				3,847				3,847
Other assets:
Loan servicing rights			—				—				990				990
Other real estate owned			—				—				148				148
		$	—			$	2,718			$	4,985			$	7,703

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

Asset		Fair Value				Valuation Technique		Unobservable Input		Unobservable Input Value or Range
Collateral dependent impaired loans		$	5,049			Appraisal of collateral (1)		Appraisal adjustments (2)		25% - 50% discount
Loan servicing rights			968			Discounted cash flow		Discount rate		10.3% (3)
								Constant prepayment rate		13.1% (3)
Other real estate owned			299			Appraisal of collateral (1)		Appraisal adjustments (2)		22% - 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		June 30, 2018								December 31, 2017
		Fair Value						Estimated								Estimated
		Measurement		Carrying				Fair				Carrying				Fair
		Hierarchy		Amount				Value				Amount				Value
Financial assets:
Cash and cash equivalents		Level 1		$	89,094			$	89,094			$	99,195			$	99,195
Securities available for sale		Level 2			492,228				492,228				524,973				524,973
Securities held to maturity		Level 2			474,803				465,542				516,466				512,983
Loans held for sale		Level 2			2,014				2,014				2,718				2,718
Loans		Level 2			2,861,208				2,807,693				2,696,498				2,660,936
Loans (1)		Level 3			5,049				5,049				3,847				3,847
Accrued interest receivable		Level 1			10,783				10,783				10,776				10,776
FHLB and FRB stock		Level 2			28,346				28,346				27,730				27,730
Derivative instruments – cash flow hedge		Level 2			1,201				1,201				—				—
Derivative instruments – interest rate products		Level 2			105				105				—				—
Financial liabilities:
Non-maturity deposits		Level 1			2,390,163				2,390,163				2,358,018				2,358,018
Time deposits		Level 2			872,004				865,363				852,156				848,055
Short-term borrowings		Level 1			472,800				472,800				446,200				446,200
Long-term borrowings		Level 2			39,167				39,787				39,131				41,485
Accrued interest payable		Level 1			7,409				7,409				8,038				8,038
Derivative instruments – credit contracts		Level 2			13				13				4				4
Derivative instruments – interest rate products		Level 2			139				139				—				—

(1) Comprised of collateral dependent impaired loans.

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ 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 (bbb)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ 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 (a)
-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 (b)
-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 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

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 (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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