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Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Summary of borrowed funds

Borrowed funds consist of the following obligations at December 31:

	2018							2017
	Amount				Rate			Amount				Rate
FHLB advances	$	300,000			2.20	%		$	290,000			1.94	%
Securities sold under agreements to repurchase without stated maturity dates	40,299				0.11	%		54,878				0.12	%
Total	$	340,299			1.95	%		$	344,878			1.65	%

Federal home loan bank, advances

The following table lists the maturities and weighted average interest rates of FHLB advances as of December 31:

	2018							2017
	Amount				Rate			Amount				Rate
Fixed rate due 2018	$	—			—	%		$	70,000			1.96	%
Fixed rate due 2019	100,000				1.94	%		85,000				1.87	%
Fixed rate due 2020	55,000				2.18	%		35,000				1.80	%
Fixed rate due 2021	50,000				1.91	%		50,000				1.91	%
Variable rate due 2021 (1)	10,000				2.93	%		10,000				1.72	%
Fixed rate due 2022	20,000				1.97	%		20,000				1.97	%
Fixed rate due 2023	35,000				3.17	%		10,000				3.90	%
Fixed rate due 2024	20,000				2.96	%		—				—	%
Fixed rate due 2026	10,000				1.17	%		10,000				1.17	%
Total	$	300,000			2.20	%		$	290,000			1.94	%

⁽¹⁾ Hedged advance (see "Derivative Instruments" section below)

Summary of short term borrowings

The following tables provide a summary of securities sold under repurchase agreements without stated maturity dates, federal funds purchased, and FRB Discount advances at December 31:

	2018											2017
	Maximum Month End Balance				Average Balance				Weighted Average Interest Rate During the Period			Maximum Month End Balance				Average Balance				Weighted Average Interest Rate During the Period
Securities sold under agreements to repurchase without stated maturity dates	$	63,133			$	38,036			0.10	%		$	58,464			$	55,206			0.13	%
Federal funds purchased	16,200				3,741				1.78	%		5,965				2,726				1.15	%
FRB Discount Window	—				—				—	%		—				43				1.54	%

Summary of pledged financial instruments

We had pledged AFS securities and 1-4 family residential real estate loans in the following amounts at December 31:

	2018				2017
Pledged to secure borrowed funds	$	431,430			$	410,988
Pledged to secure repurchase agreements	40,316				54,898
Pledged for public deposits and for other purposes necessary or required by law	58,107				27,976
Total	$	529,853			$	493,862

AFS securities pledged to repurchase agreements without stated maturity dates consisted of the following at December 31:

	2018				2017
States and political subdivisions	$	23,268			$	7,332
Mortgage-backed securities	10,736				13,199
Collateralized mortgage obligations	6,312				34,367
Total	$	40,316			$	54,898

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following tables provide information on derivatives related to variable rate borrowings as of December 31:

	2018
	Pay Rate			Receive Rate		Remaining Life (Years)		Notional Amount				Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Cash Flow Hedges:
Interest rate swaps	1.56	%		3-Month LIBOR		2.3		$	10,000			Other Assets		$	323

	2017
	Pay Rate			Receive Rate		Remaining Life (Years)		Notional Amount				Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Cash Flow Hedges:
Interest rate swaps	1.56	%		3-Month LIBOR		3.3		$	10,000			Other Assets		$	291

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