Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following tables present the balances of assets and liabilities measured at fair value on a recurring basis by level as of December 31, 2015 and 2014.



	2015
Description	Total		Level 1		Level 2		Level 3
Financial assets:
Investment securities available for sale:
U.S. government agencies and corporations	$	2,692	$	—	$	2,692	$	—
State and political subdivisions	73,079		—		73,079		—
Collateralized mortgage obligations	132,615		—		132,615		—
Mortgage-backed securities	101,088		—		101,088		—
Trust preferred security	1,105		—		1,105		—
Corporate notes and equity securities	10,135		9,835		300		—

Financial liabilities:
Derivative instruments, interest rate swaps	$	774	$	—	$	774	$	—



	2014
Description	Total		Level 1		Level 2		Level 3
Financial assets:
Investment securities available for sale:
U.S. government agencies and corporations	$	12,820	$	—	$	12,820	$	—
State and political subdivisions	52,359		—		52,359		—
Collateralized mortgage obligations	125,870		—		125,870		—
Mortgage-backed securities	66,153		—		66,153		—
Trust preferred security	918		—		918		—
Corporate notes and equity securities	14,670		14,370		300		—

Financial liabilities:
Derivative instruments, interest rate swaps	$	261	$	—	$	261	$	—

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents changes in investment securities available for sale with significant unobservable inputs (Level 3) for the years ended December 31, 2015, 2014 and 2013. The activity in the table consists of one pooled trust preferred security, which was sold in December 2014.



Investment securities available for sale:	2015		2014			2013
Beginning balance	$	—	$	1,850		$	1,334
Transfer into Level 3	—		—			—
Total gains or (losses):
Included in earnings	—		(493		)	—
Included in other comprehensive income	—		2,321			516
Sale of security	—		(3,593		)	—
Principal payments	—		(85		)	—
Ending balance	$	—	$	—		$	1,850

Fair Value Measurements, Nonrecurring [Table Text Block]

The following tables present those assets carried on the balance sheet by caption and by level within the valuation hierarchy as of December 31, 2015 and 2014.



	2015
Description		Total		Level 1		Level 2		Level 3
Impaired loans		$	98	$	—	$	—	$	98
Other real estate owned		—		—		—		—



	2014
Description		Total		Level 1		Level 2		Level 3
Impaired loans		$	1,266	$	—	$	—	$	1,266
Other real estate owned		2,235		—		—		2,235

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company has utilized Level 3 inputs to determine fair value as of December 31, 2015 and 2014.



	December 31, 2015
	Fair Value		Valuation Technique	Unobservable Input	Range (Average)
Impaired loans	$	98	Evaluation of collateral	Estimation of value	NM*



	December 31, 2014
	Fair Value		Valuation Technique	Unobservable Input	Range (Average)
Impaired loans	$	1,266	Evaluation of collateral	Estimation of value	NM*
Other real estate owned	2,235		Appraisal	Appraisal adjustment	0.0% - 25.0% (25.0%)

* Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivable, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered include aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table presents the carrying amounts and approximate fair values of financial assets and liabilities as of December 31, 2015 and 2014.



		2015				2014
	Fair Value Hierarchy Level	Carrying Amount		Approximate Fair Value		Carrying Amount		Approximate Fair Value
Financial assets:
Cash and due from banks	Level 1	$	57,329	$	57,329	$	27,936	$	27,936
Federal funds sold	Level 1	15,322		15,322		11,845		11,845
Investment securities available for sale	See previous table	320,714		320,714		272,790		272,790
Investment securities held to maturity	Level 2	51,259		51,918		51,343		51,501
Federal Home Loan Bank stock	Level 1	12,447		12,447		15,075		15,075
Loans, net ⁽¹⁾	Level 2	1,231,721		1,235,336		1,170,438		1,199,832
Accrued interest receivable	Level 1	4,688		4,688		4,425		4,425
Financial liabilities:
Deposits	Level 2	$	1,440,729	$	1,440,762	$	1,270,462	$	1,270,987
Federal funds purchased	Level 1	2,760		2,760		2,975		2,975
Short-term borrowings	Level 1	19,000		19,000		66,000		66,000
Subordinated notes	Level 2	20,619		11,908		20,619		13,330
Federal Home Loan Bank advances, net	Level 2	98,385		98,812		96,888		96,312
Long-term debt	Level 2	8,415		8,324		12,676		12,571
Accrued interest payable	Level 1	343		343		419		419
Interest rate swaps	Level 2	774		774		261		261
Off-balance-sheet financial instruments:
Commitments to extend credit	Level 3	—		—		—		—
Standby letters of credit	Level 3	—		—		—		—


(1)	All loans are Level 2 except impaired loans of $98 and $1,266 as of December 31, 2015 and 2014, respectively, which are Level 3.