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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2019
Fair Value Measurements [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present information about the Company’s assets measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated.

     
Fair Value Measurements
At March 31, 2019, Using
 
(in thousands)
 
Fair Value
Total
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
  
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Available-for-Sale Securities:
            
Government Agency & Government-Sponsored Entities
 
$
3,027
  
$
-
  
$
3,027
  
$
-
 
US Treasury Notes
  
164,674
   
164,674
   
-
   
-
 
US Govt SBA
  
14,412
   
-
   
14,412
   
-
 
Mortgage Backed Securities
  
304,020
   
-
   
304,020
   
-
 
Other
  
5,156
   
203
   
310
   
4,643
 
Total Assets Measured at Fair Value On a Recurring Basis
 
$
491,289
  
$
164,877
  
$
321,769
  
$
4,643
 

     
Fair Value Measurements
At December 31, 2018, Using
 
(in thousands)

Fair Value
Total


Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)


Other
Observable
Inputs
(Level 2)


Significant
Unobservable
Inputs
(Level 3)

Available-for-Sale Securities:
            
Government Agency & Government-Sponsored Entities
 
$
3,039
  
$
-
  
$
3,039
  
$
-
 
US Treasury Notes
  
164,514
   
164,514
   
-
   
-
 
US Govt SBA
  
15,447
   
-
   
15,447
   
-
 
Mortgage Backed Securities
  
307,045
   
-
   
307,045
   
-
 
Other
  
5,351
   
202
   
310
   
4,839
 
Total Assets Measured at Fair Value On a Recurring Basis
 
$
495,396
  
$
164,716
  
$
325,841
  
$
4,839
 

     
Fair Value Measurements
At March 31, 2018, Using
 
(in thousands)
 
Fair Value
Total
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
  
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Available-for-Sale Securities:
            
Government Agency & Government-Sponsored Entities
 
$
3,095
  
$
-
  
$
3,095
  
$
-
 
US Treasury Notes
  
143,409
   
143,409
   
-
   
-
 
US Govt SBA
  
27,537
   
-
   
27,537
   
-
 
Mortgage Backed Securities
  
318,763
   
-
   
318,763
   
-
 
Other
  
3,010
   
200
   
310
   
2,500
 
Total Assets Measured at Fair Value On a Recurring Basis
 
$
495,814
  
$
143,609
  
$
349,705
  
$
2,500
 
Reconciliation of Level 3 Fair Value Category Measured at Fair Value on a Recurring Basis
The following table presents a reconciliation of the level 3 fair value category measured at fair value on a recurring basis:

           
Net Realized / Unrealized
Gains (Losses)
    
                   
(in thousands)
 
Balance at
Beginning
of Period
  
Purchases /
Additions
  
Sales /
Reductions
  
Realized
  
Unrealized
  
Balance at
End of
Period
 
Three months ended March 31, 2019
                  
Available-for-sale debt securities:
 
$
1,593
  
$
479
  
$
675
  
$
-
  
$
-
  
$
1,397
 
Equity securities:
 
$
3,246
  
$
-
  
$
-
  
$
-
  
$
-
  
$
3,246
 
Total
 
$
4,839
  
$
479
  
$
675
  
$
-
  
$
-
  
$
4,643
 
Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
The following tables present information about the Company’s other real estate and impaired loans or leases, classes of assets or liabilities that the Company carries at fair value on a non-recurring basis, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated. Not all impaired loans or leases are carried at fair value. Impaired loans or leases are only included in the following tables when their fair value is based upon a current appraisal of the collateral, and if that appraisal results in a partial charge-off or the establishment of a specific reserve.

     
Fair Value Measurements
At March 31, 2019, Using
 
  
Fair Value
  
Quoted Prices in
Active Markets
for Identical
Assets
  
Other
Observable
Inputs
  
Significant
Unobservable
Inputs
 
(in thousands)
 
Total
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
Impaired Loans
            
Commercial Real Estate
 
$
2,660
  
$
-
  
$
-
  
$
2,660
 
Residential 1st Mortgage
  
1,540
   
-
   
-
   
1,540
 
Home Equity Lines and Loans
  
69
   
-
   
-
   
69
 
Agricultural
  
102
   
-
   
-
   
102
 
Commercial
  
1,418
   
-
   
-
   
1,418
 
Total Impaired Loans
  
5,789
   
-
   
-
   
5,789
 
Other Real Estate
                
Real Estate Construction
  
873
   
-
   
-
   
873
 
Total Other Real Estate
  
873
   
-
   
-
   
873
 
Total Assets Measured at Fair Value On a Non-Recurring Basis
 
$
6,662
  
$
-
  
$
-
  
$
6,662
 

     
Fair Value Measurements
At December 31, 2018, Using
 
  
Fair Value
  
Quoted Prices in
ActiveMarkets
for Identical
Assets
  
Other
Observable
Inputs
  
Significant
Unobservable
Inputs
 
(in thousands)
 
Total
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
Impaired Loans:
            
Commercial Real Estate
 
$
2,658
  
$
-
  
$
-
  
$
2,658
 
Residential 1st Mortgage
  
1,550
   
-
   
-
   
1,550
 
Home Equity Lines and Loans
  
70
   
-
   
-
   
70
 
Commercial
  
1,454
   
-
   
-
   
1,454
 
Total Impaired Loans
  
5,732
   
-
   
-
   
5,732
 
Other Real Estate:
                
Real Estate Construction
  
873
   
-
   
-
   
873
 
Total Other Real Estate
  
873
   
-
   
-
   
873
 
Total Assets Measured at Fair Value On a Non-Recurring Basis
 
$
6,605
  
$
-
  
$
-
  
$
6,605
 

     
Fair Value Measurements
At March 31, 2018, Using
 
  
Fair Value
  
Quoted Prices in
Active Markets
for Identical
Assets
  
Other
Observable
Inputs
  
Significant
Unobservable
Inputs
 
(in thousands)
 
Total
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
Impaired Loans
            
Commercial Real Estate
 
$
2,608
  
$
-
  
$
-
  
$
2,608
 
Residential 1st Mortgage
  
475
   
-
   
-
   
475
 
Home Equity Lines and Loans
  
74
   
-
   
-
   
74
 
Commercial
  
1,508
   
-
   
-
   
1,508
 
Total Impaired Loans
  
4,665
   
-
   
-
   
4,665
 
Other Real Estate
                
Real Estate Construction
  
873
   
-
   
-
   
873
 
Total Other Real Estate
  
873
   
-
   
-
   
873
 
Total Assets Measured at Fair Value On a Non-Recurring Basis
 
$
5,538
  
$
-
  
$
-
  
$
5,538
 
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on a Nonrecurring Basis
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at March 31, 2019:

(in thousands)
 
Fair Value
 
Valuation Technique
Unobservable Inputs
 
Range, Weighted Avg.
 
Impaired Loans
        
Commercial Real Estate
 
$
2,660
 
Income Approach
Capitalization Rate
  
3.25%, 3.25
%
Residential 1st Mortgage
 
$
1,540
 
      Sales Comparison Approach
Adjustment for Difference Between Comparable Sales
  
1% - 4%, 2.85
%
Home Equity Lines and Loans
 
$
69
 
      Sales Comparison Approach
Adjustment for Difference Between Comparable Sales
  
1% - 2%, 1.50
%
Agricultural
 
$
102
 
Income Approach
Capitalization Rate
  
5.10%, 5.10
%
Commercial
 
$
1,418
 
Income Approach
Capitalization Rate
  
3.25% - 8.70%, 3.40
%
           
Other Real Estate
          
Real Estate Construction
 
$
873
 
      Sales Comparison Approach
Adjustment for Difference Between Comparable Sales
  
10%, 10
%