Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2014 and 2013, classified using the fair value hierarchy:

	At December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. treasuries	$	4,845	$	—	$	—	$	4,845
U.S. government corporations and agencies	—		121,844		—		121,844
State and political subdivisions	—		102,774		—		102,774
Residential mortgage-backed securities	—		13,643		—		13,643
Collateralized mortgage obligations	—		3,725		—		3,725
Corporate bonds	—		54,440		—		54,440
Money market mutual funds	11,675		—		—		11,675
Equity securities	1,337		—		—		1,337
Total available-for-sale securities	17,857		296,426		—		314,283
Interest rate locks with customers	—		788		—		788
Total assets	$	17,857	$	297,214	$	—	$	315,071
Liabilities:
Interest rate swap	$	—	$	241	$	—	$	241
Forward loan sale commitments	—		112		—		112
Contingent consideration liability	—		—		6,541		6,541
Total liabilities	$	—	$	353	$	6,541	$	6,894

	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 years ended December 31, 2014 and 2013:

	For the Year Ended December 31, 2014
(Dollars in thousands)	Balance at December 31, 2013		Contingent Consideration from New Acquisition		Payment of Contingent Consideration			Adjustment of Contingent Consideration		Balance at December 31, 2014
Sterner Insurance Associates	$	—	$	635	$	—		$	45	$	680
Girard Partners	—		5,470		—			33		5,503
John T. Fretz Insurance Agency	501		—		(310		)	167		358
Total contingent consideration liability	$	501	$	6,105	$	(310	)	$	245	$	6,541

	For the Year Ended December 31, 2013
(Dollars in thousands)	Balance at December 31, 2012		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration			Balance at December 31, 2013
John T. Fretz Insurance Agency	$	—	$	454	$	—	$	47		$	501
Javers Group	903		—		—		(903		)	—
Total contingent consideration liability	$	903	$	454	$	—	$	(856	)	$	501

Assets Measured at Fair Value on Non-Recurring Basis

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

	At December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/Liabilities at Fair Value
Impaired loans held for investment	$	—	$	—	$	55,193	$	55,193
Total	$	—	$	—	$	55,193	$	55,193

	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 December 31, 2014 and 2013. The disclosed fair values are classified using the fair value hierarchy.

	At December 31, 2014
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	38,565	$	—		$	—	$	38,565		$	38,565
Held-to-maturity securities	—		54,765			—		54,765			54,347
Loans held for sale	—		3,374			—		3,374			3,302
Net loans and leases held for investment	—		—			1,555,033		1,555,033			1,550,770
Mortgage servicing rights	—		—			6,941		6,941			5,509
Other real estate owned	—		955			—		955			955
Total assets	$	38,565	$	59,094		$	1,561,974	$	1,659,633		$	1,653,448
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	1,608,748	$	—		$	—	$	1,608,748		$	1,608,748
Time deposits	—		254,224			—		254,224			252,593
Total deposits	1,608,748		254,224			—		1,862,972			1,861,341
Short-term borrowings	—		38,631			—		38,631			41,974
Total liabilities	$	1,608,748	$	292,855		$	—	$	1,901,603		$	1,903,315
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(1,420	)	$	—	$	(1,420	)	$	—

	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	)	$	—