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Fair value estimates (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

		Fair Value Measurement Using
					Quoted Prices in			Significant			Significant
					Active Markets for			Other Observable			Unobservable
					Identical Assets			Inputs			Inputs
September 30, 2015		Amount			(Level 1)			(Level 2)			(Level 3)
U.S. Treasury securities		$	16,067		$	16,067					$
U.S. Government-sponsored enterprises			79,623			-		$	79,623			-
State and Municipals:
Taxable			16,731			-			16,731			-
Tax-exempt			116,809			-			116,809			-
Mortgage-backed securities:
U.S. Government agencies			34,194			-			34,194			-
U.S. Government-sponsored enterprises			36,408			-			36,408			-
Total		$	299,832		$	16,067		$	283,765		$	—

		Fair Value Measurement Using
					Quoted Prices in			Significant			Significant
					Active Markets for			Other Observable			Unobservable
					Identical Assets			Inputs			Inputs
December 31, 2014		Amount			(Level 1)			(Level 2)			(Level 3)
U.S. Government-sponsored enterprises		$	48,550			48,550		$			$
U.S. Government-sponsored enterprises			96,245						96,245
State and Municipals:
Taxable			17,407						17,407
Tax-exempt			92,901						92,901
Mortgage-backed securities:
U.S. Government agencies			37,476						37,476
U.S. Government-sponsored enterprises			47,007						47,007
Total		$	339,586		$	48,550		$	291,036		$

Schedule of Assets and Liabilities Measured at Fair Value on Nonrecurring Basis

Fair Value Measurement Using

Quoted Prices in

Significant

Significant

Active Markets for

Other Observable

Unobservable

Identical Assets

Inputs

Inputs

September 30, 2015

Amount

(Level 1)

(Level 2)

(Level 3)

Impaired loans

$

7,031

$

7,031

Other real estate owned

$

348

$

348

Fair Value Measurement Using

Quoted Prices in

Significant Other

Significant

Active Markets for

Observable

Unobservable

Identical Assets

Inputs

Inputs

December 31, 2014

Amount

(Level 1)

(Level 2)

(Level 3)

Impaired loans

$

4,414

$

4,414

Other real estate owned

$

218

$

218

Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis

		Quantitative Information about Level 3 Fair Value Measurements
		Fair Value							Range
September 30, 2015		Estimate			Valuation Techniques		Unobservable Input		(Weighted Average)
Impaired loans		$	7,031		Appraisal of collateral		Appraisal adjustments		3.0% to 77.0% (58.0)%
							Liquidation expenses		3.0% to 6.0% (5.4)%
Other real estate owned		$	348		Appraisal of collateral		Appraisal adjustments		20.0% to 77.9% (42.4)%
							Liquidation expenses		3.0% to 6.0% (5.0)%

		Quantitative Information about Level 3 Fair Value Measurements
		Fair Value							Range
December 31, 2014		Estimate			Valuation Techniques		Unobservable Input		(Weighted Average)
Impaired loans		$	4,414		Appraisal of collateral		Appraisal adjustments		2.6% to 61.1% (24.5)%
							Liquidation expenses		3.0% to 6.0% (5.5)%
Other real estate owned		$	218		Appraisal of collateral		Appraisal adjustments		19.7% to 47.8% (30.5)%
							Liquidation expenses		3.0% to 6.0% (5.0)%

Carrying and Fair Values of Financial Instruments

								Fair Value Hierarchy
								Quoted
								Prices in
								Active			Significant
								Markets for			Other			Significant
								Identical			Observable			Unobservable
		Carrying			Fair			Assets			Inputs			Inputs
September 30, 2015		Value			Value			(level 1)			(level 2)			(Level 3)
Financial assets:
Cash and cash equivalents		$	40,985		$	40,985		$	40,985
Investment securities:
Available-for-sale			299,832			299,832		$	16,067		$	283,765
Held-to-maturity			13,107			13,582						13,582
Loans held for sale			3,439			3,445						3,445
Net loans			1,258,502			1,271,728								$	1,271,728
Accrued interest receivable			5,327			5,327						5,327
Mortgage servicing rights			514			1,114						1,114
Restricted equity securities			3,344			3,344						3,344
Total		$	1,625,050		$	1,639,357
Financial liabilities:
Deposits		$	1,444,650		$	1,446,393						1,446,393
Short-term borrowings			30,250			30,250						30,250
Long-term debt			31,000			32,614						32,614
Accrued interest payable			496			496					$	496
Total		$	1,506,396		$	1,509,753

								Fair Value Hierarchy
								Quoted
								Prices in
								Active			Significant
								Markets for			Other			Significant
								Identical			Observable			Unobservable
		Carrying			Fair			Assets			Inputs			Inputs
December 31, 2014		Value			Value			(level 1)			(level 2)			(Level 3)
Financial assets:
Cash and cash equivalents		$	31,426		$	31,426		$	31,426
Investment securities:
Available-for-sale			339,586			339,586		$	48,550		$	291,036
Held-to-maturity			14,665			15,215						15,215
Loans held for sale			3,486			3,492						3,492
Net loans			1,199,556			1,210,369								$	1,210,369
Accrued interest receivable			5,580			5,580						5,580
Mortgage servicing rights			676			1,466						1,466
Restricted equity securities			3,687			3,687						3,687
Total		$	1,598,662		$	1,610,821
Financial liabilities:
Deposits		$	1,425,558		$	1,427,081						1,427,081
Short-term borrowings			19,557			19,557						19,557
Long-term debt			33,140			34,772						34,772
Accrued interest payable			574			574					$	574
Total		$	1,478,829		$	1,481,984

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 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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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring 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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