Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below:

	Fair Value Measurements at December 31, 2019 Using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mortgage-backed securities: residential	$	—	$	375,943	$	—
Mortgage-backed securities: commercial	—		17,780		—
Corporate Notes	—		33,361		—
State and political subdivisions	—		225,048		—
Total securities available for sale	$	—	$	652,132	$	—
Loans held for sale	$	—	$	43,162	$	—
Other assets	$	—	$	225	$	—
Liabilities
Other liabilities	$	—	$	73	$	—

	Fair Value Measurements at December 31, 2018 Using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
U.S. Treasury	$	253,014	$	—	$	—
U.S. government sponsored entities and agencies	—		21,888		—
Mortgage-backed securities: residential	—		580,699		—
Mortgage-backed securities: commercial	—		24,844		—
Corporate Notes	—		12,424		—
State and political subdivisions	—		137,799		—
Total securities available for sale	$	253,014	$	777,654	$	—
Loans held for sale	$	—	$	11,103	$	—
Other assets	$	—	$	206	$	—
Liabilities
Other liabilities	$	—	$	129	$	—

Fair Value, Assets Measured on Recurring and Nonrecurring Basis

The following table presents assets measured at fair value on a non-recurring basis. There were no liabilities measured at fair value on a non-recurring basis as December 31, 2019 and 2018.

	Total carrying value in the consolidated balance sheet		Quoted market prices in an active market (Level 1)		Models with significant observable market parameters (Level 2)		Models with significant unobservable market parameters (Level 3)		Total losses for the period ended
December 31, 2019
Impaired loans, net: (1)
Residential real estate:
Closed-end 1-4 family	$	626	$	—	$	—	$	626	$	—
Commercial and industrial	3,763		—		3,650		113		—
Total	$	4,389	$	—	$	3,650	$	739	$	—
December 31, 2018
Impaired loans, net(1)
Commercial and industrial	$	150	$	—	$	—	$	150	$	—
(1) Amount is net of a valuation allowance of $20,771 and $17 at December 31, 2019 and 2018, respectively, as required by ASC 310-10, "Receivables."

Carrying Amount and Estimated Fair Value of Financial Instruments

	Carrying Amount		Level 1		Fair Value Measurements at December 31, 2019 Using:				Total
					Level 2		Level 3
Assets
Cash and cash equivalents	$	234,991	$	234,991	$	—	$	—	$	234,991
Securities available for sale	652,132		—		652,132		—		652,132
Certificates of deposit held at other financial institutions	3,590		—		3,590		—		3,590
Loans held for sale	43,162		—		43,162		—		43,162
Net loans	2,767,008		—		—		2,753,761		2,753,761
Servicing rights, net	3,246		—		—		3,922		3,922
Other assets	225		—		225		—		225
Accrued interest receivable	12,362		96		3,775		8,491		12,362
Liabilities
Deposits	$	3,207,584	$	2,458,555	$	749,656	$	—	$	3,208,211
Federal Home Loan Bank advances	155,000		—		155,090		—		155,090
Subordinated notes	58,872		—		—		60,922		60,922
Other liabilities	73		—		73		—		73
Accrued interest payable	4,201		154		687		3,360		4,201

	Carrying Amount		Level 1		Fair Value Measurements at December 31, 2018 Using:				Total
					Level 2		Level 3
Assets
Cash and cash equivalents	$	280,212	$	280,212	$	—	$	—	$	280,212
Securities available for sale	1,030,668		253,014		777,654		—		1,030,668
Certificates of deposit held at other financial institutions	3,594		—		3,594		—		3,594
Securities held to maturity	121,617		—		118,955		—		118,955
Loans held for sale	11,103		—		11,103		—		11,103
Net loans	2,648,948		—		—		2,622,386		2,622,386
Servicing rights, net	3,403		—		—		4,836		4,836
Other assets	206		—		206		—		206
Accrued interest receivable	13,337		71		5,539		7,727		13,337
Liabilities
Deposits	$	3,431,807	$	2,105,951	$	1,319,326	$	—	$	3,425,277
Federal Home Loan Bank advances	368,500		—		366,786		—		366,786
Subordinated notes	58,693		—		—		59,852		59,852
Other liabilities	129		—		129		—		129
Accrued interest payable	4,700		146		3,866		688		4,700