Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

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

The following tables present the balances of financial assets and liabilities measured at fair value on a recurring basis by level as of March 31, 2020 and December 31, 2019.



	March 31, 2020
	Total		Level 1		Level 2		Level 3
Financial assets:
Investment securities available for sale:
State and political subdivisions	$	37,227	$	—	$	37,227	$	—
Collateralized mortgage obligations	192,665		—		192,665		—
Mortgage-backed securities	73,316		—		73,316		—
Asset-backed securities	16,302		—		16,302		—
Collateralized loan obligations	52,610		—		52,610		—
Corporate notes and other investments	300		—		300		—
Derivative instruments, interest rate swaps	1,055		—		1,055		—

Financial liabilities:
Derivative instruments, interest rate swaps	$	27,715	$	—	$	27,715	$	—



	December 31, 2019
	Total		Level 1		Level 2		Level 3
Financial assets:
Investment securities available for sale:
State and political subdivisions	$	47,178	$	—	$	47,178	$	—
Collateralized mortgage obligations	181,921		—		181,921		—
Mortgage-backed securities	73,030		—		73,030		—
Asset-backed securities	17,600		—		17,600		—
Collateralized loan obligations	64,832		—		64,832		—
Corporate notes and other investments	14,017		—		14,017		—
Derivative instruments, interest rate swaps	403		—		403		—

Financial liabilities:
Derivative instrument, interest rate swap	$	6,129	$	—	$	6,129	$	—

Carrying Amounts And Approximate Fair Values Of Financial Instruments [Table Text Block]

The following table presents the carrying amounts and approximate fair values of financial assets and liabilities as of March 31, 2020 and December 31, 2019.



		March 31, 2020				December 31, 2019
	Fair Value Hierarchy Level	Carrying Amount		Approximate Fair Value		Carrying Amount		Approximate Fair Value
Financial assets:
Cash and due from banks	Level 1	$	65,256	$	65,256	$	37,808	$	37,808
Federal funds sold	Level 1	1,141		1,141		15,482		15,482
Investment securities available for sale	Level 2	372,420		372,420		398,578		398,578
Federal Home Loan Bank stock	Level 1	13,739		13,739		12,491		12,491
Loans, net	Level 2	1,976,100		2,048,653		1,924,428		1,941,208
Accrued interest receivable	Level 1	7,558		7,558		7,134		7,134
Interest rate swaps	Level 2	1,055		1,055		403		403
Financial liabilities:
Deposits	Level 2	$	2,020,125	$	2,022,253	$	2,014,756	$	2,015,427
Federal funds purchased	Level 1	32,340		32,340		2,660		2,660
Subordinated notes, net	Level 2	20,442		12,454		20,438		18,568
Federal Home Loan Bank advances, net	Level 2	179,620		179,620		179,365		179,365
Long-term debt	Level 2	22,896		22,889		22,925		22,910
Accrued interest payable	Level 1	2,058		2,058		2,070		2,070
Interest rate swaps	Level 2	27,715		27,715		6,129		6,129
Off-balance-sheet financial instruments:
Commitments to extend credit	Level 3	—		—		—		—
Standby letters of credit	Level 3	—		—		—		—