Disclosures about Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2017

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Fair Value Measurements of Assets and Liabilities Recognized on a Recurring Basis

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated financial statements measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at the following:

				Quoted Prices in		Significant
				Active Markets		Other			Significant
				for Identical		Observable			Unobservable
				Assets		Inputs			Inputs
	Fair Value			(Level 1)		(Level 2)			(Level 3)
September 30, 2017
Available-for-sale securities
U.S. Treasury and federal agencies	$	17,885		$	—	$	17,885		$	—
State and municipal		143,483			—		143,483			—
Federal agency collateralized mortgage obligations		134,202			—		134,202			—
Federal agency mortgage-backed pools		212,051			—		212,051			—
Private labeled mortgage-backed pools		1,830			—		1,830			—
Corporate notes		393			—		393			—
Total available-for-sale securities		509,844			—		509,844			—
Hedged loans		152,216			—		152,216			—
Forward sale commitments		286			—		286			—
Interest rate swap agreements		(2,819	)		—		(2,819	)		—
Commitments to originate loans		(31	)		—		(31	)		—
December 31, 2016
Available-for-sale securities
U.S. Treasury and federal agencies	$	7,989		$	—	$	7,989		$	—
State and municipal		116,592			—		116,592			—
Federal agency collateralized mortgage obligations		137,195			—		137,195			—
Federal agency mortgage-backed pools		176,726			—		176,726			—
Corporate notes		1,329			—		1,329			—
Total available-for-sale securities		439,831			—		439,831			—
Hedged loans		122,345			—		122,345			—
Forward sale commitments		602			—		602			—
Interest rate swap agreements		(3,138	)		—		(3,138	)		—
Commitments to originate loans		(22	)		—		(22	)		—

Realized Gains and Losses Included in Net Income for Periods in Consolidated Statements of Income

Realized gains and losses included in net income for the periods are reported in the condensed consolidated statements of income as follows:

	Three Months Ended September 30						Nine Months Ended September 30
Non Interest Income	2017			2016			2017			2016
Total gains and losses from:	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Hedged loans	$	(4	)	$	(830	)	$	423		$	2,781
Fair value interest rate swap agreements		4			830			(423	)		(2,781	)
Derivative loan commitments		(112	)		(324	)		(324	)		145
	$	(112	)	$	(324	)	$	(324	)	$	145

Other Assets Measured at Fair Value on Non-recurring Basis

Certain other assets are measured at fair value on a non-recurring basis in the ordinary course of business and are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment):

			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
September 30, 2017
Impaired loans	$	3,433	$	—	$	—	$	3,433
Mortgage servicing rights		11,485		—		—		11,485
December 31, 2016
Impaired loans	$	2,246	$	—	$	—	$	2,246
Mortgage servicing rights		11,174		—		—		11,174

Qualitative Information About Unobservable Inputs Used in Recurring and Non-recurring Level 3 Fair Value Measurements, Other than Goodwill

The following table presents qualitative information about unobservable inputs used in recurring and non-recurring Level 3 fair value measurements, other than goodwill.

	Fair Value at		Valuation		Range (Weighted
	September 30, 2017		Technique	Unobservable Inputs	Average)
				Discount to reflect current market conditions and ultimate
Impaired loans	$	3,433	Collateral based measurement	collectability		11% - 17% (14%	)
				Discount rate, Constant		11% - 17% (14%	),
				prepayment rate, Probability of		4% - 8% (5.1%	),
Mortgage servicing rights	$	11,485	Discounted cashflows	default		1% - 11% (5.0%	)
	Fair Value at		Valuation		Range (Weighted
	December 31, 2016		Technique	Unobservable Inputs	Average)
				Discount to reflect current
				market conditions and ultimate
Impaired loans	$	2,246	Collateral based measurement	collectability		10% - 16% (13%	)
				Discount rate, Constant		10% - 16% (13%	),
				prepayment rate, Probability of		4% - 7% (4.6%	),
Mortgage servicing rights	$	11,174	Discounted cashflows	default		1% - 10% (4.5%	)