XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.19.1

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
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 |
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agency and government sponsored enterprises |  | $ | — |  |  | $ | 144,376 |  |  | $ | — |  |  | $ | 144,376 |
Mortgage-backed securities |  |  | — |  |  |  | 283,169 |  |  |  | — |  |  |  | 283,169 |
Other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging derivative instruments |  |  | — |  |  |  | 243 |  |  |  | — |  |  |  | 243 |
Fair value adjusted through comprehensive income |  | $ | — |  |  | $ | 427,788 |  |  | $ | — |  |  | $ | 427,788 |
Other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments - interest rate products |  | $ | — |  |  | $ | 3,261 |  |  | $ | — |  |  | $ | 3,261 |
Derivative instruments - credit contracts |  |  | — |  |  |  | 20 |  |  |  | — |  |  |  | 20 |
Derivative instruments - mortgage banking |  |  | — |  |  |  | 132 |  |  |  | — |  |  |  | 132 |
Other liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments - interest rate products |  |  | — |  |  |  | (3,587 | ) |  |  | — |  |  |  | (3,587 | )
Derivative instruments - credit contracts |  |  | — |  |  |  | (30 | ) |  |  | — |  |  |  | (30 | )
Derivative instruments - mortgage banking |  |  | — |  |  |  | (23 | ) |  |  | — |  |  |  | (23 | )
Fair value adjusted through net income |  | $ | — |  |  | $ | (227 | ) |  | $ | — |  |  | $ | (227 | )
Measured on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for sale |  | $ | — |  |  | $ | 2,069 |  |  | $ | — |  |  | $ | 2,069 |
Collateral dependent impaired loans |  |  | — |  |  |  | — |  |  |  | 1,894 |  |  |  | 1,894 |
Other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan servicing rights |  |  | — |  |  |  | — |  |  |  | 1,030 |  |  |  | 1,030 |
Other real estate owned |  |  | — |  |  |  | — |  |  |  | 41 |  |  |  | 41 |
Total |  | $ | — |  |  | $ | 2,069 |  |  | $ | 2,965 |  |  | $ | 5,034 |
There were no transfers between Levels 1 and 2 during the three months ended March 31, 2019. There were no liabilities measured at fair value on a nonrecurring basis during the three months ended March 31, 2019.
|  | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agency 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 |  | $ | — |  |  | $ | 1,803 |  |  | $ | — |  |  | $ | 1,803 |
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 |  | $ | — |  |  | $ | (171 | ) |  | $ | — |  |  | $ | (171 | )
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 |
There were no transfers between Levels 1 and 2 during the three months ended March 31, 2018. There were no liabilities measured at fair value on a nonrecurring basis during the three months ended March 31, 2018.
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 |  | $ | 1,894 |  |  | Appraisal of collateral (1) |  | Appraisal adjustments (2) |  | 25% (3)
Loan servicing rights |  |  | 1,030 |  |  | Discounted cash flow |  | Discount rate |  | 10.2% (3)
|  |  |  |  |  |  |  | Constant prepayment rate |  | 13.4% (3)
Other real estate owned |  |  | 41 |  |  | Appraisal of collateral (1) |  | Appraisal adjustments (2) |  | 11% (3)
(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.
Changes in Level 3 Fair Value Measurements There were no assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of or during the three months ended March 31, 2019.
Carrying Amount, Estimated Fair Value, And Placement In Fair Value Hierarchy Of Financial Instruments |
|  | Level in |  | March 31, 2019 |  |  | December 31, 2018 |
|  | Fair Value |  |  |  |  |  | Estimated |  |  |  |  |  |  | Estimated |
|  | Measurement |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
|  | Hierarchy |  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | Level 1 |  | $ | 79,786 |  |  | $ | 79,786 |  |  | $ | 102,755 |  |  | $ | 102,755 |
Securities available for sale |  | Level 2 |  |  | 427,545 |  |  |  | 427,545 |  |  |  | 445,677 |  |  |  | 445,677 |
Securities held to maturity |  | Level 2 |  |  | 438,984 |  |  |  | 436,974 |  |  |  | 446,581 |  |  |  | 439,581 |
Loans held for sale |  | Level 2 |  |  | 2,069 |  |  |  | 2,069 |  |  |  | 2,868 |  |  |  | 2,868 |
Loans |  | Level 2 |  |  | 3,073,958 |  |  |  | 3,061,505 |  |  |  | 3,049,812 |  |  |  | 3,006,161 |
Loans (1) |  | Level 3 |  |  | 1,894 |  |  |  | 1,894 |  |  |  | 2,872 |  |  |  | 2,872 |
Accrued interest receivable |  | Level 1 |  |  | 13,429 |  |  |  | 13,429 |  |  |  | 11,990 |  |  |  | 11,990 |
FHLB and FRB stock |  | Level 2 |  |  | 21,056 |  |  |  | 21,056 |  |  |  | 26,375 |  |  |  | 26,375 |
Derivative instruments – cash flow hedge |  | Level 2 |  |  | 243 |  |  |  | 243 |  |  |  | 631 |  |  |  | 631 |
Derivative instruments – interest rate products |  | Level 2 |  |  | 3,261 |  |  |  | 3,261 |  |  |  | 1,803 |  |  |  | 1,803 |
Derivative instruments – credit contracts |  | Level 2 |  |  | 20 |  |  |  | 20 |  |  |  | — |  |  |  | — |
Derivative instruments – mortgage banking |  | Level 2 |  |  | 132 |  |  |  | 132 |  |  |  | 83 |  |  |  | 83 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-maturity deposits |  | Level 1 |  |  | 2,456,727 |  |  |  | 2,456,727 |  |  |  | 2,346,839 |  |  |  | 2,346,839 |
Time deposits |  | Level 2 |  |  | 1,052,110 |  |  |  | 1,048,583 |  |  |  | 1,020,068 |  |  |  | 1,014,532 |
Short-term borrowings |  | Level 1 |  |  | 287,300 |  |  |  | 287,300 |  |  |  | 469,500 |  |  |  | 469,500 |
Long-term borrowings |  | Level 2 |  |  | 39,220 |  |  |  | 39,641 |  |  |  | 39,202 |  |  |  | 38,415 |
Accrued interest payable |  | Level 1 |  |  | 10,478 |  |  |  | 10,478 |  |  |  | 9,280 |  |  |  | 9,280 |
Derivative instruments – interest rate products |  | Level 2 |  |  | 3,587 |  |  |  | 3,587 |  |  |  | 2,006 |  |  |  | 2,006 |
Derivative instruments – credit contracts |  | Level 2 |  |  | 30 |  |  |  | 30 |  |  |  | 24 |  |  |  | 24 |
Derivative instruments – mortgage banking |  | Level 2 |  |  | 23 |  |  |  | 23 |  |  |  | 27 |  |  |  | 27 |
(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 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration