Fair value estimates (Tables)

9 Months Ended

Sep. 30, 2016

Fair value estimates

Schedule of assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurement Using
			Quoted Prices in	Significant		Significant
			Active Markets for	Other Observable		Unobservable
			Identical Assets	Inputs		Inputs
September 30, 2016	Amount		(Level 1)	(Level 2)		(Level 3)
U.S. Government-sponsored enterprises	$	67,656	$	$	67,656	$
State and Municipals:
Taxable		15,754			15,754
Tax-exempt		118,297			118,297
Mortgage-backed securities:
U.S. Government agencies		23,381			23,381
U.S. Government-sponsored enterprises		24,825			24,825
Total	$	249,913	$	$	249,913	$

	Fair Value Measurement Using
			Quoted Prices in		Significant		Significant
			Active Markets for		Other Observable		Unobservable
			Identical Assets		Inputs		Inputs
December 31, 2015	Amount		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury securities	$	9,999	$	9,999			$
U.S. Government-sponsored enterprises		69,060			$	69,060
State and Municipals:
Taxable		16,545				16,545
Tax-exempt		124,924				124,924
Mortgage-backed securities:
U.S. Government agencies		31,568				31,568
U.S. Government-sponsored enterprises		32,839				32,839
Total	$	284,935	$	9,999	$	274,936	$

Schedule of assets and liabilities measured at fair value on a nonrecurring basis

	Fair Value Measurement Using
			Quoted Prices in	Significant	Significant
			Active Markets for	Other Observable	Unobservable
			Identical Assets	Inputs	Inputs
September 30, 2016	Amount		(Level 1)	(Level 2)	(Level 3)
Impaired loans	$	5,266			$	5,266
Other real estate owned	$	682			$	682

	Fair Value Measurement Using
			Quoted Prices in	Significant Other	Significant
			Active Markets for	Observable	Unobservable
			Identical Assets	Inputs	Inputs
December 31, 2015	Amount		(Level 1)	(Level 2)	(Level 3)
Impaired loans	$	4,944			$	4,944
Other real estate owned	$	878			$	878

Additional quantitative information about assets measured at fair value on a nonrecurring basis

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value				Range
September 30, 2016	Estimate		Valuation Techniques	Unobservable Input	(Weighted Average)
Impaired loans	$	5,266	Appraisal of collateral	Appraisal adjustments	17.7% to 94.0%   (62.5)%
				Liquidation expenses	3.0% to 6.0% (5.2)%
Other real estate owned	$	682	Appraisal of collateral	Appraisal adjustments	25.0% to 50.5%   (33.7)%
				Liquidation expenses	3.0% to 6.0% (5.0)%

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value				Range
December 31, 2015	Estimate		Valuation Techniques	Unobservable Input	(Weighted Average)
Impaired loans	$	4,944	Appraisal of collateral	Appraisal adjustments	3.3% to 97.0%   (61.7)%
				Liquidation expenses	3.0% to 6.0% (5.4)%
Other real estate owned	$	878	Appraisal of collateral	Appraisal adjustments	20.0% to 77.3%   (30.3)%
				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, 2016	Value		Value		(level 1)		(level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	31,914	$	31,914	$	31,914
Investment securities:
Available-for-sale		249,913		249,913			$	249,913
Held-to-maturity		10,864		11,546				11,546
Loans held for sale		360		359				359
Net loans		1,506,679		1,517,858					$	1,517,858
Accrued interest receivable		5,309		5,309				5,309
Mortgage servicing rights		681		1,551				1,551
Restricted equity securities		6,911		6,911				6,911
Total	$	1,812,631	$	1,825,361
Financial liabilities:
Deposits	$	1,565,810	$	1,567,788				1,567,788
Short-term borrowings		75,300		75,300				75,300
Long-term debt		58,685		60,560				60,560
Accrued interest payable		434		434			$	434
Total	$	1,700,229	$	1,704,082

					Fair Value Hierarchy
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
December 31, 2015	Value		Value		(level 1)		(level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	32,917	$	32,917	$	32,917
Investment securities:
Available-for-sale		284,935		284,935	$	9,999	$	274,936
Held-to-maturity		12,109		12,606				12,606
Loans held for sale
Net loans		1,327,890		1,330,900					$	1,330,900
Accrued interest receivable		5,796		5,796				5,796
Mortgage servicing rights		465		1,543				1,543
Restricted equity securities		5,403		5,403				5,403
Total	$	1,669,515	$	1,674,100
Financial liabilities:
Deposits	$	1,455,810	$	1,455,979				1,455,979
Short-term borrowings		38,325		38,325				38,325
Long-term debt		60,354		61,412				61,412
Accrued interest payable		560		560			$	560
Total	$	1,555,049	$	1,556,276