Fair value estimates (Tables)

3 Months Ended

Mar. 31, 2017

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
March 31, 2017	Amount		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury securities	$	19,895	$	19,895			$
U.S. Government-sponsored enterprises		82,472			$	82,472
State and Municipals:
Taxable		15,267				15,267
Tax-exempt		107,537				107,537
Mortgage-backed securities:
U.S. Government agencies		19,332				19,332
U.S. Government-sponsored enterprises		20,141				20,141
Total	$	264,644	$	19,895	$	244,749	$

	Fair Value Measurement Using
			Quoted Prices in		Significant		Significant
			Active Markets for		Other Observable		Unobservable
			Identical Assets		Inputs		Inputs
December 31, 2016	Amount		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury securities	$	7,438	$	7,438			$
U.S. Government-sponsored enterprises		80,913			$	80,913
State and Municipals:
Taxable		15,225				15,225
Tax-exempt		112,600				112,600
Mortgage-backed securities:
U.S. Government agencies		21,042				21,042
U.S. Government-sponsored enterprises		22,192				22,192
Total	$	259,410	$	7,438	$	251,972	$

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
March 31, 2017	Amount		(Level 1)	(Level 2)	(Level 3)
Impaired loans	$	2,474			$	2,474
Other real estate owned	$	236			$	236

	Fair Value Measurement Using
			Quoted Prices in	Significant Other	Significant
			Active Markets for	Observable	Unobservable
			Identical Assets	Inputs	Inputs
December 31, 2016	Amount		(Level 1)	(Level 2)	(Level 3)
Impaired loans	$	3,193			$	3,193
Other real estate owned	$	371			$	371

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

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value				Range
March 31, 2017	Estimate		Valuation Techniques	Unobservable Input	(Weighted Average)
Impaired loans	$	2,474	Appraisal of collateral	Appraisal adjustments	3.7% to 97.0%   (63.0)%
				Liquidation expenses	3.0% to 6.0% (4.9)%
Other real estate owned	$	236	Appraisal of collateral	Appraisal adjustments	20.0% to 40.0%   (34.9)%
				Liquidation expenses	3.0% to 6.0% (5.0)%

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value				Range
December 31, 2016	Estimate		Valuation Techniques	Unobservable Input	(Weighted Average)
Impaired loans	$	3,193	Appraisal of collateral	Appraisal adjustments	18.0% to 97.0%   (74.5)%
				Liquidation expenses	3.0% to 6.0% (5.3)%
Other real estate owned	$	371	Appraisal of collateral	Appraisal adjustments	25.0% to 54.6%   (43.1)%
				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
March 31, 2017	Value		Value		(level 1)		(level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	31,815	$	31,815	$	31,815
Investment securities:
Available-for-sale		264,644		264,644		19,895	$	244,749
Held-to-maturity		10,180		10,359				10,359
Loans held for sale		444		453				453
Net loans		1,542,898		1,529,464					$	1,529,464
Accrued interest receivable		5,604		5,604				5,604
Mortgage servicing rights		698		1,587				1,587
Restricted equity securities		6,781		6,781				6,781
Total	$	1,863,064	$	1,850,707
Financial liabilities:
Deposits	$	1,615,544	$	1,614,470			$	1,614,470
Short-term borrowings		77,475		77,475				77,475
Long-term debt		57,615		58,484				58,484
Accrued interest payable		457		457				457
Total	$	1,751,091	$	1,750,886

					Fair Value Hierarchy
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
December 31, 2016	Value		Value		(level 1)		(level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	39,941	$	39,941	$	39,941
Investment securities:
Available-for-sale		259,410		259,410	$	7,438	$	251,972
Held-to-maturity		10,517		10,714				10,714
Loans held for sale
Net loans		1,517,004		1,507,936					$	1,507,936
Accrued interest receivable		6,228		6,228				6,228
Mortgage servicing rights		698		1,587				1,587
Restricted equity securities		7,051		7,051				7,051
Total	$	1,840,849	$	1,832,867
Financial liabilities:
Deposits	$	1,588,757	$	1,587,701			$	1,587,701
Short-term borrowings		82,700		82,700				82,700
Long-term debt		58,134		58,987				58,987
Accrued interest payable		462		462				462
Total	$	1,730,053	$	1,729,850