Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the assets and liabilities measured at fair value on a recurring basis at September 30, 2014 and December 31, 2013, classified using the fair value hierarchy:

	At September 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,790	$	—	$	—	$	4,790
U.S. government corporations and agencies	—		122,403		—		122,403
State and political subdivisions	—		106,407		—		106,407
Residential mortgage-backed securities	—		13,553		—		13,553
Collateralized mortgage obligations	—		6,475		—		6,475
Corporate bonds	—		42,975		—		42,975
Money market mutual funds	6,442		—		—		6,442
Equity securities	1,257		—		—		1,257
Total available-for-sale securities	12,489		291,813		—		304,302
Interest rate locks with customers	—		660		—		660
Total assets	$	12,489	$	292,473	$	—	$	304,962
Liabilities:
Contingent consideration liability	$	—	$	—	$	6,669	$	6,669
Forward loan sale commitments	—		90		—		90
Total liabilities	$	—	$	90	$	6,669	$	6,759

	At December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,708	$	—	$	—	$	4,708
U.S. government corporations and agencies	—		128,148		—		128,148
State and political subdivisions	—		107,657		—		107,657
Residential mortgage-backed securities	—		35,480		—		35,480
Collateralized mortgage obligations	—		7,201		—		7,201
Corporate bonds	—		33,840		—		33,840
Money market mutual funds	16,900		—		—		16,900
Equity securities	2,347		—		—		2,347
Total available-for-sale securities	23,955		312,326		—		336,281
Interest rate locks with customers	—		321		—		321
Forward loan sale commitments	—		25		—		25
Total assets	$	23,955	$	312,672	$	—	$	336,627
Liabilities:
Contingent consideration liability	$	—	$	—	$	501	$	501
Total liabilities	$	—	$	—	$	501	$	501

Contingent Consideration Liability Change in Amount

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2014 and 2013:

	Nine Months Ended September 30, 2014
(Dollars in thousands)	Balance at December 31, 2013		Contingent Consideration from New Acquisition		Payment of Contingent Consideration			Adjustment of Contingent Consideration		Balance at September 30, 2014
Girard Partners	$	—	$	5,470	$	—		$	197	$	5,667
John T. Fretz Insurance Agency	501		—		(310		)	154		345
Sterner Insurance Associates	$	—	$	635	$	—		$	22	657
Total contingent consideration liability	$	501	$	6,105	$	(310	)	$	373	$	6,669

	Nine Months Ended September 30, 2013
(Dollars in thousands)	Balance at December 31, 2012		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration			Balance at September 30, 2013
Javers Group	$	903	$	—	$	—	$	(903	)	$	—
John T. Fretz Insurance Agency	—		454		—		29			483
Total contingent consideration liability	$	903	$	454	$	—	$	(874	)	$	483

Assets Measured at Fair Value on Non-Recurring Basis

The following table represents assets measured at fair value on a non-recurring basis at September 30, 2014 and December 31, 2013:

	At September 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	57,937	$	57,937
Total	$	—	$	—	$	57,937	$	57,937

	At December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	55,370	$	55,370
Total	$	—	$	—	$	55,370	$	55,370

Assets, Liabilities and Off-Balance Sheet Items Not Measured at Fair Value

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at September 30, 2014 and December 31, 2013. The disclosed fair values are classified using the fair value hierarchy.

	At September 30, 2014
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	68,408	$	—		$	—	$	68,408		$	68,408
Held-to-maturity securities	—		57,101			—		57,101			56,476
Loans held for sale	—		2,199			—		2,199			2,156
Net loans and leases held for investment	—		—			1,526,454		1,526,454			1,518,037
Mortgage servicing rights	—		—			7,337		7,337			5,425
Other real estate owned	—		955			—		955			955
Total assets	$	68,408	$	60,255		$	1,533,791	$	1,662,454		$	1,651,457
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,598,967	$	—		$	—	$	1,598,967		$	1,598,967
Time deposits	—		263,317			—		263,317			261,176
Total deposits	1,598,967		263,317			—		1,862,284			1,860,143
Short-term borrowings	—		34,728			—		34,728			38,005
Total liabilities	$	1,598,967	$	298,045		$	—	$	1,897,012		$	1,898,148
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,408	)	$	—	$	(1,408	)	$	—

	At December 31, 2013
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	69,169	$	—		$	—	$	69,169		$	69,169
Held-to-maturity securities	—		66,853			—		66,853			66,003
Loans held for sale	—		2,267			—		2,267			2,267
Net loans and leases held for investment	—		—			1,477,945		1,477,945			1,461,620
Mortgage servicing rights	—		7,188			—		7,188			5,519
Other real estate owned	—		1,650			—		1,650			1,650
Total assets	$	69,169	$	77,958		$	1,477,945	$	1,625,072		$	1,606,228
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,573,709	$	—		$	—	$	1,573,709		$	1,573,709
Time deposits	—		268,909			—		268,909			270,789
Total deposits	1,573,709		268,909			—		1,842,618			1,844,498
Short-term borrowings	—		35,687			—		35,687			37,256
Total liabilities	$	1,573,709	$	304,596		$	—	$	1,878,305		$	1,881,754
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,357	)	$	—	$	(1,357	)	$	—