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FAIR VALUE (Tables)
 3 Months Ended
Mar. 31, 2017
FAIR VALUE [Abstract]  
Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments at March 31, 2017 were as follows:

     
Fair Value Measurements at March 31, 2017 Using
 
  
Carrying
Amount
  
Level 1
  
Level 2
  
Level 3
  
Total
 
Financial assets
               
Cash and due from banks
 
$
89,389
  
$
89,389
  
$
-
  
$
-
  
$
89,389
 
Federal funds sold
  
6,721
   
6,721
   
-
   
-
   
6,721
 
Time deposits with other banks
  
2,582
   
-
   
2,598
   
-
   
2,598
 
Securities available for sale
  
305,873
   
-
   
305,873
   
-
   
305,873
 
Loans, net
  
1,028,620
   
-
   
-
   
1,013,351
   
1,013,351
 
Federal Home Loan Bank stock
  
3,200
   
n/a
   
n/a
   
n/a
   
n/a
 
Interest receivable
  
3,838
   
-
   
897
   
2,941
   
3,838
 
                     
Financial liabilities
                    
Deposits
 
$
(1,298,309
)
 
$
(945,518
)
 
$
(349,161
)
 
$
-
  
$
(1,294,679
)
Securities sold under agreements
to repurchase
  
(22,864
)
  
-
   
(22,864
)
  
-
   
(22,864
)
Other borrowed funds
  
(8,251
)
  
-
   
(8,338
)
  
-
   
(8,338
)
Subordinated debt
  
(5,352
)
  
-
   
(5,364
)
  
-
   
(5,364
)
Interest payable
  
(352
)
  
(7
)
  
(345
)
  
-
   
(352
)

The carrying amounts and estimated fair values of financial instruments at December 31, 2016 were as follows:

     
Fair Value Measurements at December 31, 2016 Using
 
  
Carrying
Amount
  
Level 1
  
Level 2
  
Level 3
  
Total
 
Financial assets
               
Cash and due from banks
 
$
97,163
  
$
97,163
  
$
-
  
$
-
  
$
97,163
 
Federal funds sold
  
7,555
   
7,555
   
-
   
-
   
7,555
 
Time deposits with other banks
  
2,332
   
-
   
2,352
   
-
   
2,352
 
Securities available for sale
  
288,607
   
-
   
288,607
   
-
   
288,607
 
Loans, net
  
1,013,987
   
-
   
-
   
1,004,388
   
1,004,388
 
Federal Home Loan Bank stock
  
3,200
   
n/a
   
n/a
   
n/a
   
n/a
 
Interest receivable
  
3,862
   
-
   
771
   
3,091
   
3,862
 
                     
Financial liabilities
                    
Deposits
 
$
(1,279,386
)
 
$
(920,745
)
 
$
(354,885
)
 
$
-
  
$
(1,275,630
)
Securities sold under agreements
to repurchase
  
(23,820
)
  
-
   
(23,820
)
  
-
   
(23,820
)
Other borrowed funds
  
(8,859
)
  
-
   
(8,906
)
  
-
   
(8,906
)
Subordinated debt
  
(5,343
)
  
-
   
(5,341
)
  
-
   
(5,341
)
Interest payable
  
(364
)
  
(7
)
  
(357
)
  
-
   
(364
)
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized below:

   
Fair Value Measurements at
March 31, 2017 Using:
 
 
Carrying Value
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Available for sale
        
Mortgage-backed securities
        
U. S. agency MBS - residential
 
$
199,068
  
$
-
  
$
199,068
  
$
-
 
U. S. agency CMO’s - residential
  
67,320
   
-
   
67,320
   
-
 
Total mortgage-backed securities of
government sponsored agencies
  
266,388
   
-
   
266,388
   
-
 
U. S. government sponsored
agency securities
  
24,013
   
-
   
24,013
   
-
 
Obligations of states and political
subdivisions
  
15,472
   
-
   
15,472
   
-
 
Total securities available for sale
 
$
305,873
  
$
-
  
$
305,873
  
$
-
 

   
Fair Value Measurements at
December 31, 2016 Using:
 
 
Carrying Value
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Available for sale
        
Mortgage-backed securities
        
U. S. agency MBS - residential
 
$
174,177
  
$
-
  
$
174,177
  
$
-
 
U. S. agency CMO’s
  
73,267
   
-
   
73,267
   
-
 
Total mortgage-backed securities of
government sponsored agencies
  
247,444
   
-
   
247,444
   
-
 
U. S. government sponsored
agency securities
  
24,501
   
-
   
24,501
   
-
 
Obligations of states and political
subdivisions
  
16,662
   
-
   
16,662
   
-
 
Total securities available for sale
 
$
288,607
  
$
-
  
$
288,607
  
$
-
 
Assets and Liabilities Measured at Fair Value on a Non-recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis at March 31, 2017 are summarized below:

     
Fair Value Measurements at March 31, 2017 Using
 
  
Carrying Value
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs (Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Assets:
            
Impaired loans:
            
Commercial real estate
            
Owner occupied
 
$
792
  
$
-
  
$
-
  
$
792
 
Commercial and industrial
  
12
   
-
   
-
   
12
 
All other
  
75
   
-
   
-
   
75
 
Total impaired loans
 
$
879
  
$
-
  
$
-
  
$
879
 
                 
Other real estate owned:
                
Residential  real estate
 
$
571
  
$
-
  
$
-
  
$
571
 
Commercial real estate
                
Owner occupied
  
175
   
-
   
-
   
175
 
Non-owner occupied
  
2,153
   
-
   
-
   
2,153
 
All other
  
3,508
   
-
   
-
   
3,508
 
Total OREO
 
$
6,407
  
$
-
  
$
-
  
$
6,407
 

Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2016 are summarized below:

     
Fair Value Measurements at December 31, 2016 Using
 
  
Carrying Value
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs (Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
Assets:
            
Impaired loans:
            
Commercial real estate
            
Owner occupied
 
$
793
  
$
-
  
$
-
  
$
793
 
Commercial and industrial
  
12
   
-
   
-
   
12
 
All other
  
3,036
   
-
   
-
   
3,036
 
Total impaired loans
 
$
3,841
  
$
-
  
$
-
  
$
3,841
 
                 
Other real estate owned:
                
Residential  real estate
 
$
613
  
$
-
  
$
-
  
$
613
 
Commercial real estate
                
Owner occupied
  
175
   
-
   
-
   
175
 
Non-owner occupied
  
2,153
   
-
   
-
   
2,153
 
All other
  
3,683
   
-
   
-
   
3,683
 
Total OREO
 
$
6,624
  
$
-
  
$
-
  
$
6,624
 
Fair Value Inputs, Assets, Quantitative Information
The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at March 31, 2017 are summarized below:

  
March 31, 2017
 
Valuation Techniques
 
Unobservable Inputs
 
Range (Weighted Avg)
Impaired loans:
         
Commercial real estate
         
Owner occupied
 
$
792
 
sales comparison
 
adjustment for limited salability of specialized property
 9.3%-76.4% (19.3%)
Commercial and industrial
  
12
 
sales comparison
 
adjustment for differences between the comparable sales
 8.0%-8.0% (8.0%)
All other
  
75
 
sales comparison
 
adjustment for differences between the comparable sales
 8.0%-8.0% (8.0%)
Total impaired loans
 
$
879
        
            
Other real estate owned:
           
Residential real estate
 
$
571
 
sales comparison
 
adjustment for differences between the comparable sales
 0.7%-86.8% (29.2%)
Commercial real estate
           
Owner occupied
  
175
 
sales comparison
 
adjustment for differences between the comparable sales
 21.8%-21.8% (21.8%)
Non-owner occupied
  
2,153
 
sales comparison
 
adjustment for differences between the comparable sales
 17.2%-27.6% (25.7%)
All other
  
3,508
 
sales comparison
 
adjustment for estimated realizable value
 15.1%-40.4 (20.6%)
Total OREO
 
$
6,407
        

The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2016 are summarized below:

  
December 31, 2016
 
Valuation Techniques
 
Unobservable Inputs
 
Range (Weighted Avg) 
Impaired loans:
         
Commercial real estate
         
Owner occupied
 
$
793
 
sales comparison
 
adjustment for limited salability of specialized property
 9.3%-76.4% (19.3%)
Commercial and industrial
  
12
 
sales comparison
 
adjustment for differences between the comparable sales
 8.0%-8.0% (8.0%)
All other
  
3,036
 
sales comparison
 
adjustment for differences between the comparable sales
 5.7%-9.0% (8.0%)
Total impaired loans
 
$
3,841
        
            
Other real estate owned:
           
Residential real estate
 
$
613
 
sales comparison
 
adjustment for differences between the comparable sales
 0.7%-86.8% (25.2%)
Commercial real estate
           
Owner occupied
175
sales comparison
adjustment for differences between the comparable sales
21.8%-21.8% (21.8%)
Non-owner occupied
  
2,153
 
sales comparison
 
adjustment for differences between the comparable sales
 17.2%-27.6% (25.7%)
All other
  
3,683
 
sales comparison
 
adjustment for estimated realizable value
 15.1%-45.4% (21.8%)
Total OREO
 
$
6,624