Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Measurements [Abstract]

Assets Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s assets 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, 2018, 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	$	3,095	$	-	$	3,095	$	-
US Treasury Notes		143,409		143,409		-		-
US Govt SBA		27,537		-		27,537		-
Mortgage Backed Securities		318,763		-		318,763		-
Other		3,010		200		310		2,500
Total Assets Measured at Fair Value On a Recurring Basis	$	495,814	$	143,609	$	349,705	$	2,500

			Fair Value Measurements At December 31, 2017, 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	$	3,128	$	-	$	3,128	$	-
US Treasury Notes		144,164		144,164		-		-
US Govt SBA		29,380		-		29,380		-
Mortgage Backed Securities		301,914		-		301,914		-
Other		3,010		200		310		2,500
Total Assets Measured at Fair Value On a Recurring Basis	$	481,596	$	144,364	$	334,732	$	2,500

			Fair Value Measurements At March 31, 2017, 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	$	3,217	$	-	$	3,217	$	-
US Treasury Notes		104,419		104,419		-		-
US Govt SBA		34,734		-		34,734		-
Mortgage Backed Securities		309,462		-		309,462		-
Other		1,010		200		310		500
Total Assets Measured at Fair Value On a Recurring Basis	$	452,842	$	104,619	$	347,723	$	500

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, 2018, 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	$	2,608	$	-	$	-	$	2,608
Residential 1st Mortgage		475		-		-		475
Home Equity Lines and Loans		74		-		-		74
Commercial		1,508		-		-		1,508
Total Impaired Loans		4,665		-		-		4,665
Other Real Estate
Real Estate Construction		873		-		-		873
Total Other Real Estate		873		-		-		873
Total Assets Measured at Fair Value On a Non-Recurring Basis	$	5,538	$	-	$	-	$	5,538

			Fair Value Measurements At December 31, 2017, Using
	Fair Value Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
(in thousands)
Impaired Loans:
Commercial Real Estate	$	2,595	$	-	$	-	$	2,595
Residential 1st Mortgage		997		-		-		997
Home Equity Lines and Loans		75		-		-		75
Commercial		1,514		-		-		1,514
Total Impaired Loans		5,181		-		-		5,181
Other Real Estate:
Real Estate Construction		873		-		-		873
Total Other Real Estate		873		-		-		873
Total Assets Measured at Fair Value On a Non-Recurring Basis	$	6,054	$	-	$	-	$	6,054

			Fair Value Measurements At March 31, 2017, 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	$	2,539	$	-	$	-	$	2,539
Residential 1st Mortgage		389		-		-		389
Home Equity Lines and Loans		82		-		-		82
Agricultural		367		-		-		367
Commercial		1,365		-		-		1,365
Total Impaired Loans		4,742		-		-		4,742
Other Real Estate
Home Equity Lines and Loans		685		-		-		685
Real Estate Construction		1,467		-		-		1,467
Total Other Real Estate		2,152		-		-		2,152
Total Assets Measured at Fair Value On a Non-Recurring Basis	$	6,894	$	-	$	-	$	6,894

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, 2018:

(in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range, Weighted Avg.
Impaired Loans
Commercial Real Estate	$	2,608	Income Approach	Capitalization Rate		3.25%, 3.25%
Residential 1st Mortgage	$	475	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		1% -4%, 3%
Home Equity Lines and Loans	$	74	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		1% - 2%, 1%
Commercial	$	1,508	Income Approach	Capitalization Rate		2.95% - 8.70%, 3.40%
Other Real Estate
Real Estate Construction	$	873	Sales Comparison Approach	Adjustment for Difference Between Comparable Sales		10%, 10%