Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Measurements [Abstract]

Information about the Company's assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated.

			Fair Value Measurements At March 31, 2015, Using
(in thousands)	Fair Value Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available-for-Sale Securities:
Government Agency & Government-Sponsored Entities	$	68,132	$	-	$	68,132	$	-
US Treasury Notes		19,966		-		19,966		-
Mortgage Backed Securities		276,601		-		276,601		-
Other		485		175		310		-
Total Assets Measured at Fair Value On a Recurring Basis	$	365,184	$	175	$	365,009	$	-
			Fair Value Measurements At December 31, 2014, Using
(in thousands)	Fair Value Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available-for-Sale Securities:
Government Agency & Government-Sponsored Entities	$	78,109	$	10,005	$	68,104	$	-
Mortgage Backed Securities		287,948		-		287,948		-
Other		485		175		310		-
Total Assets Measured at Fair Value On a Recurring Basis	$	366,542	$	10,180	$	356,362	$	-
			Fair Value Measurements At March 31, 2014, Using
(in thousands)	Fair Value Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available-for-Sale Securities:
Government Agency & Government-Sponsored Entities	$	18,426	$	13,399	$	5,027	$	-
Mortgage Backed Securities		329,730		-		329,730		-
Corporate Securities		49,352		7,966		41,386		-
Other		2,235		1,925		310		-
Total Assets Measured at Fair Value On a Recurring Basis	$	399,743	$	23,290	$	376,453	$	-

Information about the Company's assets and liabilities measured at fair value on a non-recurring basis

The following tables present information about the Company’s other real estate and impaired loans or leases, classes of assets or liabilities that the Company carries at fair value on a non-recurring basis, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated. Not all impaired loans or leases are carried at fair value. Impaired loans or leases are only included in the following tables when their fair value is based upon a current appraisal of the collateral, and if that appraisal results in a partial charge-off or the establishment of a specific reserve.

			Fair Value Measurements At March 31, 2015, Using
(in thousands)	Fair Value Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired Loans
Residential 1st Mortgage	$	341	$	-	$	-	$	341
Home Equity Lines and Loans		130		-		-		130
Agricultural		314		-		-		314
Commercial		3,674		-		-		3,674
Consumer		6						6
Total Impaired Loans		4,465		-		-		4,465
Other Real Estate
Real Estate Construction		2,441		-		-		2,441
Agricultural Real Estate		858		-		-		858
Total Other Real Estate		3,299		-		-		3,299
Total Assets Measured at Fair Value On a Non-Recurring Basis	$	7,764	$	-	$	-	$	7,764
			Fair Value Measurements At December 31, 2014, Using
(in thousands)	Fair Value Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired Loans
Commercial Real Estate	$	90	$	-	$	-	$	90
Residential 1st Mortgage		748		-		-		748
Home Equity Lines and Loans		759		-		-		759
Agricultural		346		-		-		346
Commercial		3,832		-		-		3,832
Consumer		6						6
Total Impaired Loans		5,781		-		-		5,781
Other Real Estate
Real Estate Construction		2,441		-		-		2,441
Agricultural Real Estate		858		-		-		858
Total Other Real Estate		3,299		-		-		3,299
Total Assets Measured at Fair Value On a Non-Recurring Basis	$	9,080	$	-	$	-	$	9,080

			Fair Value Measurements At March 31, 2014, Using
(in thousands)	Fair Value Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired Loans
Residential 1st Mortgage	$	329	$	-	$	-	$	329
Home Equity Lines and Loans		273		-		-		273
Agricultural		354		-		-		354
Commercial		814		-		-		814
Total Impaired Loans		1,770		-		-		1,770
Other Real Estate
Real Estate Construction		2,441		-		-		2,441
Agricultural Real Estate		853		-		-		853
Total Other Real Estate		3,294		-		-		3,294
Total Assets Measured at Fair Value On a Non-Recurring Basis	$	5,064	$	-	$	-	$	5,064

Quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at March 31, 2015:

(in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range, Weighted Avg.
Impaired Loans
Residential 1st Mortgage	$	341	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		2% -5%, 4	%
Home Equity Lines and Loans	$	130	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		1% - 3%, 2	%
Agricultural	$	314	Income Approach	Capitalization Rate		16% - 16%, 16	%
Commercial	$	3,674	Income Approach	Capitalization Rate		5% - 16%, 7	%
Consumer	$	6	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		1% - 2%, 2	%
Other Real Estate
Real Estate Construction	$	2,441	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		10% - 10%, 10	%
Agricultural Real Estate	$	858	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		10% - 10%, 10	%