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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2019
Fair Value of Financial Instruments [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques | For Level 3 assets and liabilities measured at fair value on a recurring and non-recurring basis as of March 31, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows: ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿(in thousands) |  | Fair Value at March 31, 2019 | Valuation Technique | Significant Unobservable Inputs | Significant Unobservable Input Value
﻿Recurring: |  |  |  |  |
﻿ |  |  |  |  |
﻿Investment Securities – available for sale | $ | 15,152 | Discounted Cash Flow | Discount Rate | Range of LIBOR+ 4.50%
﻿ |  |  |  |  |
﻿Non-recurring: |  |  |  |  |
﻿ |  |  |  |  |
﻿Impaired Loans | $ | 8,087 | Market Comparable Properties | Marketability Discount | 10.0% - 15.0% (1) (weighted avg 12.8%)
﻿ |  |  |  |  |
﻿Other Real Estate Owned | $ | 786 | Market Comparable Properties | Marketability Discount | 10.0% - 15.0% (1) (weighted avg 14.6%)
﻿ |  |  |  |  |
﻿(in thousands) |  | Fair Value at December 31, 2018 | Valuation Technique | Significant Unobservable Inputs | Significant Unobservable Input Value
﻿Recurring: |  |  |  |  |
﻿ |  |  |  |  |
﻿Investment Securities – available for sale | $ | 15,277 | Discounted Cash Flow | Discount Rate | Range of LIBOR+ 4.50%
﻿ |  |  |  |  |
﻿Non-recurring: |  |  |  |  |
﻿ |  |  |  |  |
﻿Impaired Loans | $ | 1,316 | Market Comparable Properties | Marketability Discount | 10.0% - 15.0% (1) (weighted avg 12.8%)
﻿ |  |  |  |  |
﻿Other Real Estate Owned | $ | 2,707 | Market Comparable Properties | Marketability Discount | 10.0% - 15.0% (1) (weighted avg 13.5%)
﻿ NOTE:
| (1) |  | Range would include discounts taken since appraisal and estimated values
Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis | For assets measured at fair value on a recurring and non-recurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2019 and December 31, 2018 are as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  | Fair Value Measurements at March 31, 2019 Using
﻿ |  | Assets Measured at Fair Value |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
﻿(in thousands) |  | 03/31/2019 |  | (Level 1) |  | (Level 2) |  | (Level 3)
﻿Recurring: |  |  |  |  |  |  |  |
﻿Investment securities available-for-sale: |  |  |  |  |  |  |  |
﻿ U.S. government agencies | $ | 29,464 |  |  | $ | 29,464 |  |
﻿ Commercial mortgage-backed agencies | $ | 36,976 |  |  | $ | 36,976 |  |
﻿ Collateralized mortgage obligations | $ | 35,005 |  |  | $ | 35,005 |  |
﻿ Obligations of states and political subdivisions | $ | 19,917 |  |  | $ | 19,917 |  |
﻿ Collateralized debt obligations | $ | 15,152 |  |  |  |  | $ | 15,152
﻿Financial Derivatives | $ | 612 |  |  | $ | 612 |  |
﻿Non-recurring: |  |  |  |  |  |  |  |
﻿Impaired loans | $ | 8,087 |  |  |  |  | $ | 8,087
﻿Other real estate owned | $ | 786 |  |  |  |  | $ | 786
﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  | Fair Value Measurements at December 31, 2018 Using
﻿ |  |  |  |
﻿ |  | Assets Measured at Fair Value |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
﻿(in thousands) |  | 12/31/2018 |  | (Level 1) |  | (Level 2) |  | (Level 3)
﻿Recurring: |  |  |  |  |  |  |  |
﻿Investment securities available-for-sale: |  |  |  |  |  |  |  |
﻿ U.S. government agencies | $ | 29,026 |  |  | $ | 29,026 |  |
﻿ Commercial mortgage-backed agencies | $ | 37,752 |  |  | $ | 37,752 |  |
﻿ Collateralized mortgage obligations | $ | 35,704 |  |  | $ | 35,704 |  |
﻿ Obligations of states and political subdivisions | $ | 19,882 |  |  | $ | 19,882 |  |
﻿ Collateralized debt obligations | $ | 15,277 |  |  |  |  | $ | 15,277
﻿Financial Derivative | $ | 1,043 |  |  | $ | 1,043 |  |
﻿Non-recurring: |  |  |  |  |  |  |  |
﻿Impaired loans | $ | 1,316 |  |  |  |  | $ | 1,316
﻿Other real estate owned | $ | 2,707 |  |  |  |  | $ | 2,707
﻿
Reconciliation of Fair Valued Assets Measured on a Recurring Basis | The following tables show a reconciliation of the beginning and ending balances for fair valued assets measured on a recurring basis using Level 3 significant unobservable inputs for the three-month periods ended March 31, 2019 and 2018: ﻿
﻿ |  |
﻿ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
﻿ |  |
﻿(in thousands) |  | Investment Securities Available for Sale
﻿Beginning balance January 1, 2019 | $ | 15,277
﻿ Total losses realized/unrealized: |  |
﻿ Included in other comprehensive income |  | (125)
﻿Ending balance March 31, 2019 | $ | 15,152
﻿ |  |
﻿ ﻿ ﻿ ﻿
﻿ |  |
﻿ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
﻿ |  |
﻿(in thousands) |  | Investment Securities Available for Sale
﻿Beginning balance January 1, 2018 | $ | 14,920
﻿ Total gains realized/unrealized: |  |
﻿ Included in other comprehensive income |  | 1,057
﻿Ending balance March 31, 2018 | $ | 15,977
﻿ |  |
﻿
Fair Value by Balance Sheet Grouping | ﻿ ﻿ The following tables present fair value information about financial instruments, whether or not recognized in the Consolidated Statement of Financial Condition, for which it is practicable to estimate that value. The actual carrying amounts and estimated fair values of the Corporation’s financial instruments that are included in the Consolidated Statement of Financial Condition are as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |
﻿ | March 31, 2019 |  | Fair Value Measurements
﻿ | Carrying | Fair | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
﻿(in thousands) | Amount | Value | (Level 1) | (Level 2) | (Level 3)
﻿Financial Assets: |  |  |  |  |  |  |  |  |  |
﻿Cash and due from banks | $ | 53,112 | $ | 53,112 | $ | 53,112 |  |  |  |
﻿Interest bearing deposits in banks |  | 892 |  | 892 |  | 892 |  |  |  |
﻿Investment securities - AFS |  | 136,514 |  | 136,514 |  |  | $ | 121,362 | $ | 15,152
﻿Investment securities - HTM |  | 95,538 |  | 97,364 |  |  |  | 80,764 |  | 16,600
﻿Restricted bank stock |  | 4,373 |  | 4,373 |  |  |  | 4,373 |  |
﻿Loans, net |  | 993,070 |  | 971,274 |  |  |  |  |  | 971,274
﻿Financial derivatives |  | 612 |  | 612 |  |  |  | 612 |  |
﻿Accrued interest receivable |  | 4,268 |  | 4,268 |  |  |  | 4,268 |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Financial Liabilities: |  |  |  |  |  |  |  |  |  |
﻿Deposits – non-maturity |  | 874,296 |  | 874,296 |  |  |  | 874,296 |  |
﻿Deposits – time deposits |  | 256,316 |  | 257,122 |  |  |  | 257,122 |  |
﻿Short-term borrowed funds |  | 39,695 |  | 39,695 |  |  |  | 39,695 |  |
﻿Long-term borrowed funds |  | 100,929 |  | 102,508 |  |  |  | 102,508 |  |
﻿Accrued interest payable |  | 490 |  | 490 |  |  |  | 490 |  |
﻿Off balance sheet financial instruments |  | 0 |  | 0 |  | 0 |  |  |  |
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿ | December 31, 2018 |  | Fair Value Measurements
﻿ | Carrying | Fair | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
﻿(in thousands) | Amount | Value | (Level 1) | (Level 2) | (Level 3)
﻿Financial Assets: |  |  |  |  |  |  |  |  |  |
﻿Cash and due from banks | $ | 22,187 | $ | 22,187 | $ | 22,187 |  |  |  |
﻿Interest bearing deposits in banks |  | 1,354 |  | 1,354 |  | 1,354 |  |  |  |
﻿Investment securities - AFS |  | 137,641 |  | 137,641 |  |  | $ | 122,364 | $ | 15,277
﻿Investment securities - HTM |  | 94,010 |  | 93,760 |  |  |  | 80,780 |  | 12,980
﻿Restricted bank stock |  | 5,394 |  | 5,394 |  |  |  | 5,394 |  |
﻿Loans, net |  | 996,667 |  | 967,198 |  |  |  |  |  | 967,198
﻿Financial derivative |  | 1,043 |  | 1,043 |  |  |  | 1,043 |  |
﻿Accrued interest receivable |  | 4,175 |  | 4,175 |  |  |  | 4,175 |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Financial Liabilities: |  |  |  |  |  |  |  |  |  |
﻿Deposits- non-maturity |  | 815,858 |  | 815,858 |  |  |  | 815,858 |  |
﻿Deposits- time deposits |  | 251,669 |  | 252,146 |  |  |  | 252,146 |  |
﻿Short-term borrowed funds |  | 77,707 |  | 77,707 |  |  |  | 77,707 |  |
﻿Long-term borrowed funds |  | 100,929 |  | 102,590 |  |  |  | 102,590 |  |
﻿Accrued interest payable |  | 455 |  | 455 |  |  |  | 455 |  |
﻿Off balance sheet financial instruments |  | 0 |  | 0 |  | 0 |  |  |  |
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are 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. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=66048111&loc=SL7498348-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
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