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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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
2018
Measured on a recurring basis:
Securities available for sale:
U.S. Government agencies and government sponsored enterprises		$	-			$	152,028			$	-			$	152,028
Mortgage-backed securities			-				293,649				-				293,649
Other assets:
Hedging derivative instruments			-				631				-				631
Fair value adjusted through comprehensive income		$	-			$	446,308			$	-			$	446,308
Other assets:
Derivative instruments – interest rate products		$	-			$	3,113			$	-			$	3,113
Derivative instruments – mortgage banking			-				83				-				83
Other liabilities:
Derivative instruments – interest rate products			-				(2,006	)			-				(2,006	)
Derivative instruments – credit contracts			-				(24	)			-				(24	)
Derivative instruments – mortgage banking			-				(27	)			-				(27	)
Fair value adjusted through net income		$	-			$	1,139			$	-			$	1,139
Measured on a nonrecurring basis:
Loans:
Loans held for sale		$	-			$	2,868			$	-			$	2,868
Collateral dependent impaired loans			-				-				2,872				2,872
Other assets:
Loan servicing rights			-				-				1,022				1,022
Other real estate owned			-				-				230				230
Total		$	-			$	2,868			$	4,124			$	6,992

		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
2017
Measured on a recurring basis:
Securities available for sale:
U.S. Government agencies and government sponsored enterprises		$	-			$	161,889			$	-			$	161,889
Mortgage-backed securities			-				363,084				-				363,084
Other assets:
Hedging derivative instruments			-				-				-				-
Fair value adjusted through comprehensive income		$	-			$	524,973			$	-			$	524,973
Other assets:
Derivative instruments – interest rate products		$	-			$	-			$	-			$	-
Derivative instruments – mortgage banking			-				30				-				30
Other liabilities:
Derivative instruments – interest rate products			-				-				-				-
Derivative instruments – credit contracts			-				(4	)			-				(4	)
Derivative instruments – mortgage banking			-				(3	)			-				(3	)
Fair value adjusted through net income		$	-			$	23			$	-			$	23
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		$	2,872			Appraisal of collateral (1)		Appraisal adjustments (2)		10% - 46% discount
Loan servicing rights		$	1,022			Discounted cash flow		Discount rate		10.3% (3)
								Constant prepayment rate		12.7% (3)
Other real estate owned		$	230			Appraisal of collateral (1)		Appraisal adjustments (2)		6% - 49% 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		2018								2017
		Fair Value						Estimated								Estimated
		Measurement		Carrying				Fair				Carrying				Fair
		Hierarchy		Amount				Value				Amount				Value
Financial assets:
Cash and cash equivalents		Level 1		$	102,755			$	102,755			$	99,195			$	99,195
Securities available for sale		Level 2			445,677				445,677				524,973				524,973
Securities held to maturity		Level 2			446,581				439,581				516,466				512,983
Loans held for sale		Level 2			2,868				2,868				2,718				2,718
Loans		Level 2			3,049,812				3,006,161				2,696,498				2,660,936
Loans (1)		Level 3			2,872				2,872				3,847				3,847
Accrued interest receivable		Level 1			11,990				11,990				10,776				10,776
FHLB and FRB stock		Level 2			26,375				26,375				27,730				27,730
Derivative instruments – cash flow hedge		Level 2			631				631				-				-
Derivative instruments – interest rate products		Level 2			3,113				3,113				-				-
Derivative instruments – mortgage banking		Level 2			83				83				30				30
Financial liabilities:
Non-maturity deposits		Level 1			2,346,839				2,346,839				2,358,018				2,358,018
Time deposits		Level 2			1,020,068				1,014,532				852,156				848,055
Short-term borrowings		Level 1			469,500				469,500				446,200				446,200
Long-term borrowings		Level 2			39,202				38,415				39,131				41,485
Accrued interest payable		Level 1			9,280				9,280				8,038				8,038
Derivative instruments – interest rate products		Level 2			2,006				2,006				-				-
Derivative instruments – credit contracts		Level 2			24				24				4				4
Derivative instruments – mortgage banking		Level 2			27				27				3				3

⁽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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
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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
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-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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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.

+ 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
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