Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value of Financial Instruments [Abstract]

Book Value and Estimated Fair Value of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated:

				Fair Value of Financial Instruments Using
December 31, 2015 (in thousands)	Carrying Amount			Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	59,446		$	59,446	$	-	$	-		$	59,446
Investment Securities Available-for-Sale:
Government Agency & Government-Sponsored Entities		33,251			-		33,251		-			33,251
U.S. Treasury Notes		72,884			72,884		-					72,884
Mortgage Backed Securities		262,493			-		262,493		-			262,493
Other		509			199		310		-			509
Total Investment Securities Available-for-Sale		369,137			73,083		296,054		-			369,137
Investment Securities Held-to-Maturity:
Obligations of States and Political Subdivisions		61,396			-		44,675		17,713			62,388
Total Investment Securities Held-to-Maturity		61,396			-		44,675		17,713			62,388
FHLB Stock		7,795			N/A		N/A		N/A			N/A
Loans & Leases, Net of Deferred Fees & Allowance:
Commercial Real Estate		593,587			-		-		591,271			591,271
Agricultural Real Estate		417,153			-		-		405,295			405,295
Real Estate Construction		149,489			-		-		149,371			149,371
Residential 1st Mortgages		205,616			-		-		207,431			207,431
Home Equity Lines and Loans		30,910			-		-		32,360			32,360
Agricultural		287,658			-		-		285,733			285,733
Commercial		202,968			-		-		201,105			201,105
Consumer & Other		6,417			-		-		6,416			6,416
Leases		62,584			-		-		62,139			62,139
Unallocated Allowance		(1,546	)		-		-		(1,546	)		(1,546	)
Total Loans & Leases, Net of Deferred Fees & Allowance		1,954,836			-		-		1,939,575			1,939,575
Accrued Interest Receivable		9,240			-		9,240		-			9,240
Liabilities:
Deposits:
Demand		711,029			711,029		-		-			711,029
Interest Bearing Transaction		377,594			377,594		-		-			377,594
Savings and Money Market		707,885			707,885		-		-			707,885
Time		481,024			-		480,334		-			480,334
Total Deposits		2,277,532			1,796,508		480,334		-			2,276,842
Subordinated Debentures		10,310			-		6,424		-			6,424
Accrued Interest Payable		513			-		513		-			513

				Fair Value of Financial Instruments Using
December 31, 2014 (in thousands)	Carrying Amount			Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	77,125		$	77,125	$	-	$	-		$	77,125
Investment Securities Available-for-Sale:
Government Agency & Government-Sponsored Entities		78,109			10,005		68,104		-			78,109
Mortgage Backed Securities		287,948			-		287,948		-			287,948
Other		485			175		310		-			485
Total Investment Securities Available-for-Sale		366,542			10,180		356,362		-			366,542
Investment Securities Held-to-Maturity:
Obligations of States and Political Subdivisions		61,716			-		49,085		13,403			62,488
Other		2,147			-		2,147		-			2,147
Total Investment Securities Held-to-Maturity		63,863			-		51,232		13,403			64,635
FHLB Stock		7,677			N/A		N/A		N/A			N/A
Loans & Leases, Net of Deferred Fees & Allowance:
Commercial Real Estate		484,061			-		-		481,037			481,037
Agricultural Real Estate		353,022			-		-		353,288			353,288
Real Estate Construction		94,850			-		-		95,022			95,022
Residential 1st Mortgages		170,858			-		-		173,916			173,916
Home Equity Lines and Loans		30,591			-		-		32,456			32,456
Agricultural		275,859			-		-		274,195			274,195
Commercial		222,624			-		-		222,175			222,175
Consumer & Other		4,501			-		-		4,535			4,535
Leases		42,006			-		-		40,298			40,298
Unallocated Allowance		(1,529	)		-		-		(1,529	)		(1,529	)
Total Loans & Leases, Net of Deferred Fees & Allowance		1,676,843			-		-		1,675,393			1,675,393
Accrued Interest Receivable		7,797			-		7,797		-			7,797
Liabilities:
Deposits:
Demand		610,133			610,133		-		-			610,133
Interest Bearing Transaction		341,397			341,397		-		-			341,397
Savings and Money Market		644,260			644,260		-		-			644,260
Time		468,283			-		468,161		-			468,161
Total Deposits		2,064,073			1,595,790		468,161		-			2,063,951
Subordinated Debentures		10,310			-		6,227		-			6,227
Accrued Interest Payable		378			-		378		-			378